According to Forbes magazine, the average pay of a senior executive in 1980 was 40 times the average workers salary. In 2007 is was 433 times. Want to guess why things got so screwed up? Yeah, I didn’t think it was so difficult to figure out. Greed.
Instead of capping the salaries of the fat cats in the banking industry and on Wall Street, I have a better plan. Make them recite and follow the Rotary 4 way test of the things we think say or do.
Is it the truth. (boy this one should make as big a change as any to the corporate culture).
Is it fair to all concerned (a little bit of careing for all the people in the world would make our planet a nicer place to live in).
Will it build good will and better friendships (this might have slowed down Bernie Maddoff)
Is it beneficial to all concerned. (wouldn’t that be great).
I have run my businesses with these four principles in mind. I go to sleep each night knowing that I am running an ethical and honest company and that in the long run I will make a positive impact on the world. If maybe, just maybe our government and all business would apply this 77 year old ideal to what they do, we’d have no budget deficits, our economy would be far stronger and our environment would be a lot cleaner.
To read more about how the 4-way test was developed, click on the link and read about why Herbert J. Taylor wrote this brilliant manifesto.
In 1981, when Ronald Reagan came to office I was concerned that his economic policies that he was proposing were insane. They made no sense to me as an economics major. Trickle down economics, his theory that giving tax breaks to the rich would trickle down to the middle class and make the economy boom was implausible. It was, in my opinion, one of the most bizarre and illogical ideas I ever heard and even George Bush Sr agreed. Heck he even called it voodoo economics. But heck, I was just a 23 year old and too young to understand things. Or was I?
This week we barely missed going into the Great Depression part two. It was inevitable. What bothers me is that all of the billionaires and millionaires who have made so much money got bailed out and now we, the taxpayers, the hard working individuals and families have to pay for all the losses. Do the rich people who basically stole my money and your money have to pay?Hell no. Now they put up a candidate who not only doesn’t want to pay more taxes, he wants more tax breaks for the wealthy. How much more do they want to steal from us now?
The rich have gotten richer in the past 30 years and the middle class has been squeezed and the poor have gotten nothing and been swelling over the years. On September 16th with the takeovers of AIG, trickle down and the nonsense of the past 30 years have come to an end.
Funny to hear John McCain talking about increasing regulation of the financial markets when his party spent the past three decades espousing deregulation and his chairmanship of commerce commitees were at the forefront of the deregulation movement. What a hypocritical position. While my blog is not intended to be a political blog, I am sitting here in my living room looking at my children wondering how the hell they are going to pay for this mess. I don’t know, do you?
I urge my readers to vote for Barack Obama and end the decades of the same bad economic policies that have put us on the brink of disaster. He may not be the perfect candidate, who is, but he does represent a change we really need badly or all of the sacrifices our ancestors made for this country go for naught.
I don’t want my blog to be a political battle ground but as my readers are aware, I am big on science and the environment and feel that these past 7 years have been a true debacle. Never in U.S. history has a President been so against science. It hurts our educational system, it hurts our environment and it hurts the citizens of these United States and the world. The current President’s education must have been severely lacking to be so anti-science.
So, how do the two major party candidates compare educationally. Actually, it seems to be a big win for the Democratic ticket of Obama and Biden. Obama graduated magna cum laude from Harvard Law School and got his undergrad degree from Columbia University which is pretty impressive. John McCain graduated 894 out of 899 at the Naval Academy. Obama wins this one hands down.
It is even worse when you compare Biden and Palin. She graduated from the University of Idaho, a fine school, in Journalism. Biden on the other hand graduated from the University of Delware with a double major and has a doctorate in law from Syracuse University. Neither of the Republicans has an advanced degree and while this does not exclude them from running for President, it should make you doubt their capacity for running the most powerful country in the world.
The big scare for me is how do they handle scientific issues? Or will it be more of the same as the past 7+ years? I won’t say much else politically but I think this is an issue that needs to be aired out. Not more nonsense about the candidates kids or spouses.
In yet another sad loss to science, the Bush Administration has superceeded science in the name of politics. Since 2001 this politically motivated administration have made it almost impossible to denote an animal species as being endangered which has already led to the extinction of a number of creatures that are part of our world. This despite the protestations of numerous scientists within the Department of the Interior.
Furthermore, the present “Interior Secretary Dirk Kempthorne has not declared a single native species as threatened or endangered since he was appointed nearly two years ago.” George Bush Sr. and Bill Clinton averaged adding around 60 species per year but these people see fit to blame everyone else but not themselves for this global shame.
We have the moral obligation to preserve life but I guess when you have such a low respect for science which this administration has, nothing is off limits and their is no shame. This is not a Republican or Democratic issue. This is not conservatism versus liberalism. This is about the total lack of respect for our people, our land, and the creatures who inhabit our country. It is a true national tragedy. You can read the full story here at MSNBC.com
One part of this law forces companies to prove the safety of chemicals before they come to market. More importantly, it forces previously grandfathered chemicals to be tested for safety which was vehemently opposed by not just the American Chemical Society but by our own government. It scared them so much that they sent in C. Boyden Gray, the heir to the RJ Reynolds tobacco fortune to lobby against it. This is the same Republican operative who worked to eviscerate the EPA under Reagan by applying cost-benefit analysis over risk-based decision making. In other words, make money first, care about peoples health second. According to the magazine the New Republic, “So many different money trails lead to, by and through Gray it is bewildering.”
In retrospect, I’m glad my government in their ultimate arrogance decided to lobby as hard as they did because in the end, this we’re better than you attitude is what pushed the EU parliament to pass the bill. According to one European diplomat quoted in Mr. Schapiro’s book “If their only message is why we should not do anything more than they’re doing in the United States, then why should we listen? The more the United States give the impression of mounting an attack against REACH, the less we listen….. We are not going to ask the United States for permission. If we were to listen to the United States, how would we explain to European citizens where the two hundred chemicals in their bodies came from? What are we doing to them? This is the same not just for Europeans, but for Americans and every country in the world.”
The Bush Administrations steadfast belief that it is more important to make a dollar today for their big buddies than protecting the citizens of the United States is causing us to lose the leadership role we had for decades. He has lost us the respect from the world, not just because of the ill-conceived war, but because the world sees us as only caring for profits, not for people under the guise of jobs. How many jobs could we create by leading the world in the research of safer products? Millions of them. Sad to say, we won’t see a change soon unless there is a change in the White House come this November. We need it to save our children and the billions of children unborn coming to this world in the next hundred years.
Before you become jubilant because you are about to get what the President and Congress claim is a rebate understand that it is nothing of the sort. What the money is really is an advance from the 2008 tax year (the return you file in 2009). Bottom line is that they are giving you your own money back! What a sham.
It is a smoke screen, a scam, a big fat lie. Give us $600 now and take it back next year. Imagine all the hardships that will occur next year when people who are expecting a refund on their taxes won’t get it. It is a shell game economically that will not help our country but hurt it in the long run. But then again, politicians don’t care about our future, they care about the election this year. Shame on Washington D.C. for scamming the American public yet again and shame on the media for not making this issue clearer.
In a not too surprising action today, President Bush, decided to once again break a campaign promise he made in 2004 in order to continue to fatten the wallets of his supporters in big business. His veto of an expansion of the Child Health Insurance Bill wasn’t just about “fiscal responsibility” he and his fellow Republicans who supported his veto claim. It was also about removing mercury from vacines. He claimed it would cost too much. To whom? The pharmaceutical industry with it multi-billion dollar profits? Of course. Who pays for this? The poor and lower middle class.
In 2004, President Bush said:
“I support the removal of Thimerosal from vaccines on the childhood national vaccine schedule. During a second term as President, I will continue to support increased funding to support a wide variety of research initiatives aimed at seeking definitive causes and/or triggers of autism. It is important to note that while there are many possible theories about causes or triggers of autism, no one material has been definitely included or excluded.”
He went back on that campaign promise which will allow the further poisoning of children. You might say that there was a paper published that said that thimerasol used in vaccines was safe wasn’t there? Look down a few articles back and see my comments on that horrendous “study” (they called it a study, I call it drivel).
I am a firm believer in cutting back on a bloated government, but not when it comes to health care for children. It is my hope that Congress overturns this veto and shows that they care about our children. This trend of subsidizing big business on the backs of the poor and middle class needs to stop now.
EDIT: I want to add something here about Bush’s reasoning behind his veto. He claims that it would allow people who make over $83,000 to get coverage for their kids. According to this blog, that’s just a lie.
While I am always a little hesitant for our government to open its purse strings and spend our money, a bill proposed by a bi-partisan group of U.S. Senators needs our support. Called the PACE Act (Protecting America’s Competitive Edge) it is a first step towards increasing spending in the field of science and math. Instead of spending money on pork barrel projects like bridges in Alaska that no one will use, we need to help stimulate an improvement in our worldwide standing in science, math and engineering.
By improving our educational system, not with the failing rhetoric that is “No Child Left Behind”, but with better funding for education (note I didn’t say more, I said better) especially in fields of science and math.