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Perception
Posted by: McQ on Friday, December 19, 2008

There's' no question in any thinking person's mind that the financial meltdown was in large part as much a failure of government as greed on Wall Street.

For the last few months, however, we've been treated to legislators acting like cats trying to cover up crap. We've also had to ensure their bloviating about how those on Wall Street who were a big reason for the crisis shouldn't be getting raises or bonuses.

Of course, like most of the laws they pass, that sort of reasoning doesn't extend to Congress. All 535 of them will be getting a raise.

As Howie Carr says:
Thanks for the subprime mortgage crisis, Barney Frank! Here’s your bonus for tanking the economy - another $4,700, on top of the $169,300 you were already making.
Goose. Gander.

Kill the raise or I don't want to hear another one of the pompous windbags who populate the Congress say another word about executive compensation and bonuses.
 
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Comments
I can’t get too upset.

WE ELECTED THEM.

And we continue to re-elect them.

Not sure why we should be upset at anyone but ourselves.

Pigs feed at the trough. That’s what they do. It is the nature of the beast. If you don’t shoo the pigs away from time to time, they’ll just keep feeding and feeding.

I’m quite satisfied that as a country, we have the government we deserve.
 
Written By: shark
URL: http://
I’d be willing to pay them five times what they make if they would do two things: first, limit their legislative sessions to two weeks a year and make those two weeks during the hottest mosquito-ridden two weeks of the summer, and, second, that they throw Harry Reid under the bus, literally.
 
Written By: Martin McPhillips
URL: http://newpaltzjournal.com
The problem came from over twenty five years of increasing budget deficits, an unsustainable current accounts deficit (cheap foreign goods), and what was in essence a "fake" economy. The rebalancing we’re experiencing was inevitable, and it will force us to accept a less materialist, lower standard of living. Reality bites.

http://scotterb.wordpress.com/2008/11/20/its-worse-than-you-think/

We’re in a different world now. And it’ll be years before we start getting out of this. I don’t think that’s really hit home to most people yet. As a society we consumed, but didn’t produce. Unless a society is productive, it can’t prosper.

 
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