Malfeasance
Heather Higgins ·
Jun 18, 2010 at 5:26am
One of the our greatest problems is that our political class, many of whom know absolutely nothing about the effort and concerns of running a business, are convinced they have the wisdom, the mandate, and capacity, to “do something” about the economy. See Tom Sowell’s excellent piece on the real consequences of such counterproductive impulses. Can we please ditch the immunity provisions and apply RICO statutes to Congress?
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May '10
Re: Malfeasance
And bizarrely this news of the White House killing a shareholder rights provision in the financial reform legislation -- http://m.cnbc.com/us_news/37773509 -- which only makes sense I think if you assume cronyism played a role. Ostensibly it would seem to favor entrenched corporate management over the rights of shareholders. Maybe it's anti-Wall Street? Or anti-libertarian? But more likely it demonstrates a fundamental cluelessness about business, markets, and capital formation.
Re: Malfeasance
Not one member of the Obama cabinet has experience working in the private sector. Not one. Not one. This is insane. There is nobody anywhere around the vicinity of 1600 Pennsylvania Avenue who has ever met a payroll -- or, really, almost more importantly, ever almost not met a payroll. And so we see what we see: weird shakedown attempts of BP, a total reliance on a regulatory scaffolding to solve every problem, a suspicion of any entrepreneurial or free-market solution to anything (education, cleaning up oil spills, you name it) and weirdest of all, they don't even get elemental quid pro quo. Ask Goldman Sachs what they got for their money.
Jun '10
Re: Malfeasance
The recent observations of the Juvenile aspect of the administration and much of the prominent left are right on target. Years ago, during a Bush press conference, David Gregory stood up to challenge W. in a Sam Donaldson moment. I do not remember the substance of the comment or reply but what I can not forget is the tone and demeanor of Gregory. It was that of a 16 year old challenging "dad’s BS" after having committed to do so by telling his friends he would. I thought, "Wow, it’s the world’s oldest teenager - grey hair and all". Dozens of confirmations of persistent adolescence later, furthering the theme, the kids do appear to have failed to connect continued receipt of allowance to completion of chores (unless you suppose their ultimate treatment of Goldman would have been worse otherwise - or was a total ruse to mollify the public)
That’s Mr. W. to you son.