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Wall Street bonuses are back!!!


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You may be angry, but you'd be a fool if you were surprised.

This is what President Obama means when he says that you have to fix the nation's financial system before you can fix the economy. Translation: Until they get theirs, they're not going to let us get ours.

The freeze-up in the credit market was all about the financial types not seeing a way to get rich by lending out to the rest of us. Until that obstruction got cleared, nothing was going to move through the pipe. Think of it (as we should about virtually everything) from a tribal viewpoint. You look after your own first. These folks happen to have their hands on our throats, which is why they call themselves "Masters of the Universe."

How do they get away with this? Here is an analogy: I once took lessons from a flute teacher who charged $35 an hour. I said to him, "You've dedicated your life to practicing, perfecting, and performing your art. Yet, a plumber makes far more than you do per hour. Why is that?"

He laughed. "When your toilet backs up all over the floor, you don't call a flute player."

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It will take all of us telling those people receiving these undeserved bonuses what we think of them. Tell them how dissapointed you are in them taking bonus money when their company (that they didn't run well enough) received government bailout money. Tell them that you are not going to be a customer of a company that does this and then follow up with that and change your bank or your insurance company or whatever business they are in. Email the corporate executives who got the bonuses and the company(s) board of directors. Their names are on the corporate websites. Mail them letters (if you still have any stamps) or call their offices.


When your toilet backs up all over the floor, you don't call a flute player.

And yet, we have called on an ambitious community organizer to fix our corrupt political system. This country would have a better chance of surviving with a flute player.


When your toilet backs up all over the floor, you don't call a flute player.

And yet, we have called on an ambitious community organizer to fix our corrupt political system. This country would have a better chance of surviving with a flute player.

Posted by: Lolly | July 17, 2009 7:26 PM
________________________
What would you propose if you are so smart?

Hiring the Old War Geezer that ranked near the bottom of his graduating class?

Don't be a hater, participate!


I think it is time to employ the Robin Hood philosophy of "Steal from the Rich to feed the Poor"


Hello Louis,

Hiring the Old War Geezer that ranked near the bottom of his graduating class?

I did not vote for either Obama or McCain in the last election. Both the Democrats and Republicans are comprised almost entirely of power-hungry criminals.

What would you propose if you are so smart?

I'm glad you asked.

1. Since Socialism always leads to poverty and war, I would eliminate all government involvement in education, health care, transportation, energy, banking, money creation, and of course auto manufacturing.

2. Since the only route to peace and prosperity is through respect for private property and free markets, I would do the following: Eliminate the income tax; eliminate all foreign aid; bring all of our troops home (Troops stationed in foreign countries are aggressive, not defensive forces); allow private entities to determine what they will use as money (want to bet it ends up being gold); slash the federal budget by 80%; eliminate all labor and anti-trust laws; and eliminate patent laws, particularly for prescription medications.

Don't be a hater, participate!

I am not a hater. I am, however, disgusted as I watch the US slowly go the way of the old USSR. Hopefully, when this country falls apart it will do so as peacefully as the USSR.

I think it is time to employ the Robin Hood philosophy of "Steal from the Rich to feed the Poor"

Has it occurred to you that it is the rich that provide us with innovation and jobs. Our prosperity depends on respecting the property of the rich. If we destroy the wealth of the rich, as you socialists wish, the result will not be redistribution of wealth but rather destruction of wealth. Witness the very low standard of living enjoyed in the old USSR. Pay attention over the next few years to the results of you favorite President's disastrous economic policies.


Lolly,

It's the attitude behind your
words that might make people
like Louis conclude that you're a "hater." Example: You need
not call people "socialists"
simply because they believe in government involvement in our health care system.


I didn't know I was such a powerful writer that I could convey the attitude behind my words. Let me point out that I do hate evil. If that makes me a hater, so be it.

You need not call people "socialists" simply because they believe in government involvement in our health care system.

The economic definition of socialism involves the government owning the means of production. The common usage of the word socialism implies government control of production in the economy. That is the way I used the word socialism. Between the FDA, Medicare, licensing, Insurance regulations, etc. there is little doubt the government has total control over health care.

The economic definition of fascism is private ownership with absolute government control of the means of production. Fascism is a much more accurate term to describe our present (and future) health care system. However, people really get bent out of shape if I say that; so I won't say that.

I used the word socialism because many thinking people are aware of the great evil of socialism. I am totally serious when I said socialism always leads to poverty and war.

Abraham Lincoln supposedly said, "The only compromise with evil is evil." So let's just say I hate evil; I hate socialism; I won't compromise my principles; I do like people, and I am attempting to avert a terrible disaster from destroying our society. If people wish to believe I am a hater I can live with that.


And it came to pass in the age of Isanity, that the people of the land called America, having lost their morals,and their will to defend their liberties, chose as their supreme leader the person known as "THE ONE". He emerged from the vapors with a message that had no meaning, but he hypnotized the people telling them,"I am sent to save you". My lack of experience, my monstrous ego, are of no consequence. "For I shall save you with hope and Change". And the people rejoiced,for even though they knew not what "THE ONE" would do, he had promised, and they believed. And "THE ONE" said, We live in the greatest country in the world, help me change everything about it!. And the people said, Hallelujah Change is good!. Then he said, We are going to tax the rich fat-cats. and the people said, Sock it to them!. And redistribute their wealth. And the people said, Show us the money!. And Joe the plumber said, Are you kidding me?, you're going to steal my money and give it to the Deadbeats!. And "THE ONE" ridiculed and taunted him. And one lone reporter asked, Isn't that a Marxist policy?, and she was banished from the kingdom. Then a citizen asked how will you deal with radical terrorists?.
And "THE ONE" said simple; I shall sit and talk with them and show them how nice we really are and they will forget that they ever wanted to kill us all. And the people said, Hallelujah!,we are safe at last. Then "THE ONE" said, I shall give 95% of you lower taxes. And one lone voice said but 40% of us don't pay any taxes, so "THE ONE" said, Then I shall give you some of the taxes the fat-cats pay. And the people said, Show us the money!. Then "THE ONE" said, I shall penalize employers who ship jobs overseas. And the people said, Where's my rebate check?. And "THE ONE" said I shall mandate employer funded health care, and raise the minimum wage. And the people said, Give me some of that!. And so it came to pass that employers, facing spiraling costs and ever higher taxes raised their prices and laid off workers and others simply gave up and went out of business, and then the economy sank like a rock dropped from a cliff, manufacturing slowed to a crawl and more of the people were without means of support. Then "THE ONE" said, I am "THE ONE" the Messiah, and I am here to save you!, we shall just print more money so everyone will have enough!. And our foreign trading partners said, Wait a minute your dollar is not worth a pile of camel dung you will have to pay more; And the people said, that is unfair!. And the world said, neither are thease other idiodic programs you have embraced, now you shall play by our rules!. And the people cried out, Alas, Alas,What have we done?. And the change "THE ONE" had given them was like a poison that had destroyed them;and the the people beat their chests in dispair and in anguish. Give us back our Nation and our Pride and our Hope. But it was to late, and their great homeland was no more....


P.S Hi Chan


...that the people of the land called America, having lost their morals,and their will to defend their liberties...

That's why government-controlled education is evil. People believe they are educated even though they lack the ability to perform critical thinking. People are insulted at being called socialists after espousing socialist doctrine.


The whole thing with bonuses (and stock options as well), appears to be largely related to tax advantages they have over salary. What we really need is a law that says you can only get the tax advantages if you got your bonus for outperforming competitors. If your company merely profited from the overall economy, or lost just as much as everyone else in a bad economy then the "bonuses" get taxed exactly like salary.


Tom,

It turns out that bonuses are taxed just like regular income. If you want to get rid of tax advantages, the best way is to get rid of taxes.

Do you really think government should tell private business how to compensate their employees? You do know living in the USSR was hell because government ran businesses.


Tom,

It turns out that bonuses are taxed just like regular income. If you want to get rid of tax advantages, the best way is to get rid of taxes.

Do you really think government should tell private business how to compensate their employees? You do know living in the USSR was hell because government ran businesses.


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About the author
Chan LoweCHAN LOWE has been the Sun Sentinel’s first and only editorial cartoonist for the past twenty-six years. Before that, he worked as cartoonist and writer for the Oklahoma City Times and the Shawnee (OK) News-Star.

Chan went to school in New York City, Los Angeles, and the U.K., and graduated from Williams College in 1975 with a degree in Art History. He also spent a year at Stanford University as a John S. Knight Journalism Fellow.

His work has won numerous awards, including the Green Eyeshade Award and the National Press Foundation Berryman Award. He has also been a finalist for the Pulitzer Prize. His cartoons have won multiple first-place awards in all of the Florida state journalism contests, and The Lowe-Down blog, which he began in 2008, has won writing awards from the Florida Press Club and the Society of Professional Journalists.
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