Posts Tagged ‘Barack Obama’

The Politics of Debt

Friday, May 14th, 2010

Americans are a curious lot. I can say that because I was born in the US, and lived there until I was in my 20s.

The nation seems to have a highly developed ability to get into debt, but very little skill in getting out of it.

Take the case of politicians. Those who are appointed by the president to serve in the cabinet are prohibited from raising funds to pay off their obligations, even if they were incurred as a result of their own failed attempt to reach high office.

Hillary Clinton is a case in point. She ran against Barack Obama and lost, but then she was appointed as Secretary of State. Her campaign for the Democratic nomination was expensive; so much so, that she still owes nearly $800K to Mark Penn, her former pollster and strategist. That’s a lot of money to you and me, but perhaps not quite so much as it seems when you realize that she has already paid his firm $24 million.

Enter Bill Clinton. For the second time since this year, he’s offering himself as the lottery prize in the ultimate raffle. A successful bidder could spend the day with him, and the “lucky” punters are all small-fries, the least well-off contributors on Hillary’s mailing list.

I suppose that I shouldn’t be too surprised that it’s the “little people” who are being asked to cough up. But, what really galls me is that Bill (or Weak Willy, as I think of him), who earned $31 million between 2001 and 2005 by giving speeches, doesn’t appear to be interested in working for it. Instead, he’s attempting to trade on his celebrity status.

I guess that’s politics for you.

Bruce Hoag, PhD, CPsychol
Work Psychologist

http://www.p-advantage.com

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Who Will Pay to Clean Up the Oil?

Thursday, May 13th, 2010

The Times reported this morning that Barack Obama intends to put a tax of 1% on oil companies for every barrel of oil, presumably that they take from the ground, though the article doesn’t actually say so specifically. It seems to me that it’s been sometime since Obama pumped anything into his own car, because he’s lost sight of who actually pays in the end.

Next thing you know, inflation will go up, because of the higher prices on gasoline/petrol, and we’ll be handed the bill not only for the tax but also for the higher interest interest rates that come with it.

Why not just fine the company for screwing up, and leave the rest of us out of it? It seems that the faces change on Capitol Hill, but the old lessons are never learned.

This is another fine mess you’ve gotten us into!

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