Re: Those Private Jets

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Kathy, I thought the backlash on the private jet episode was absurd and knee-jerkish. As you noted, how dare the parasites in Congress point a finger at real-world executives.

Of all the things that people should focus on in terms of the contemptible BegFest put forth from the Big 3, a CEO taking a private jet is not one of them. Anyone who has ever worked around a big-company CEO, CFO, or whatnot, knows what their life, their schedule, is like. The work life of these guys follows an absurd pace from morning until night. They don’t have the time to travel commercial and deal with the madness of the everyday masses. No high-level executive could function without a practical solution for making the most of their one valuable resource: time.

Whether we like them or not – and I dislike them all – the private jet escapade is not an issue. What is an issue is that these guys make their millions every year and live the life of royalty, yet when they finally run their companies into the ground, they want all the little people to bail out their badly-mismanaged business and save their high-flying lifestyles. And they are willing to have their companies nationalized – total destruction in the long term, as well as the damage done from government intervention which may never be undone – in order to prop them up personally in the short term.

4:20 pm on November 22, 2008

Re: Those Private Jets

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Karen, great point. I’m amazed also at how even some libertarian friends get fuming mad about the bonuses “Wall Street” is paying “while we are bailing them out”. They are playing into the state’s ploy–the state is demonizing Wall Street and capitalism (no offense, vandarchists) while throwing cash at them. They appease the taxpaying victims by threatening to limit the executives’ pay. Moronic taxvictims shout, “yayy!” while they are being gigged. Meanwhile the underlying bailout costs about a billion times more than the “fat cats’” salaries. This is similar to how they get the rubes worked up about “the Arab Terrorists”–while stealing 50% of our income. Hey, the Arabs never did nuthin’ to me. It also reminds of inflation: the state causes it, then rides in as the savior. Here, the state is fleecing the taxpayer and handing it over to Wall Street–then whipping up anger against Wall Street to distract from their own theft.

11:07 pm on November 24, 2008