Just Like A Drug Addict

'"We are all Jonesing now for money", Mr. Ammiano said...'

Money is like a drug to the government. Once they get a little, they want some more. To them, there is never enough. They are like a heroin addict.

We are seeing how this addiction has caused the nation to go into crisis. States like California have spent money like there is an endless supply. This is typical of most states who were run by tax and spend politicians (which most of them are). These people feel entitled to the people's money. It is their belief that how much they spend is of little consequence.

What is amazing is when one actually admits to their addiction. A recovering drug addict will freely tell of all he or she went through to get high. It often is not a pretty story. Here is an article which tells of some of the things that one political leader went through to get more money out of the taxpayers. The analogy is almost eerie.

Now that there is financial turmoil, the politicians are looking for new ways to raise money. Everything they can tax will be taxed. It is that simple. A heroin addict will steal your television to score some dope. A politician will tax the hell out of the people so they can keep spending. It is like it is in their DNA.

This is going to occur at every level of government. The local governments are going to increase property taxes while the states are doing all they can to up their portion. And, the Feds? Well they are running a $1.75 trillion deficit. Do you think that 95% of the people will see a tax decrease? This is pure propaganda. We are in the middle of the largest redistribution of wealth this country ever saw. There is no way for it to be avoided. Money is going to move from the private sector to the government doles quicker than ever before.

This is highway robbery; plain and simple. These people belong in jail. If they were in the private sector, they would be facing prosecution. Perhaps it is time that our political leaders were held accountable for their actions.

Share and Enjoy!

G-Men Dont Get It

I am not quoting Chris Berman of ESPN in referring to the "New York Football Giants". G-Man refers to those people who are employed, thus think like, government cronies. The bailouts of every industry is creating a clash of the private sector versus the public.

At the core of this mess is AIG. So far, it is one of the largest recipients of money from the government. Presently, they are fighting a conflict of trying to do business while appeasing the cronies in the government. The way I see it, this is an impossible task.

I just came across an article that emphasizes this point. Here are a couple of paragraphs from that story which show the point.

In recent months, scores of AIG veterans have departed for jobs at competitors around the world. Companies such as Ace Limited and Zurich Financial Services have snatched up AIG executives with increasing regularity. Other companies, such as New York-based Allianz Aviation Managers, continue to receive resumes from employees at AIG.

“In a climate where daily we hear about people in the financial sector being laid off, you mean to tell me we can’t find folks to replace some of these people?” said Rep. Elijah Cummings (D-Md.), a vocal critic of the retention pay program. “The other question is, where are they going to go?”

The story outline how many AIG people left and went to competitors. Even the CEO of Zurich acknowledged the hiring of AIG employees. Yet, Congressman Cummings shows his ignorance when it comes to private business. He asks "where are they going to go?". The answer is to Zurich obviously.

Here is a situation where a G-Man has no clue what is happening. This is not an abstract idea that leaders at AIG are trying to promote. They are not saying that key people could leave or might leave. They are already leaving. If they are to pull out of this free fall, they are going to need top people to do it. That is the only way that the taxpayers will get their money back.

Once again, the government employed assault tactics with no plan. We heard about this for the past 7 years regarding Iraq. Bush (and his people) had a great plan for getting rid of Sadam. However, they had no idea what to do once he was gone. The Treasury had a plan to save AIG without a plan how to manage it once they got it.

People like Congressman Cummings have no clue what drives success in the private sector. Corporations are made up of people. The human commodity is the most valuable resource a company has. Lose key people and an entire organization can be dragged down. Many are wondering where Apple will be without Steve Jobs. He is the major asset that drove that entity.

The government made an "investment" in AIG. Yet, because of politics from people who have no clue about succeeding in the private sector, we are seeing a diminishing of the chances of ever seeing a return. The government is known for mediocrity. Any talent in the financial arena is going to shy away from AIG if this trend continues. I only hope the G-Men get their noses out of it and let the people in charge take the actions to return to profitability.

And this is a preclude to how badly they will mess up healthcare.

Share and Enjoy!