Saturday, January 24, 2009

Corporate Executives Find More Ways To Line Their Pockets At The Expense Of Shareholders And Society

Not only has it become obvious that many of the current generation of executives are incompetent, but many are outright crooks. That their behavior might be in the bounds of current law is irrelevant. Especially given corporations have lobbied Congress using tens of billions of shareholder's and society's money to write the laws as they saw fit.

That Congress has done nothing about any of the misappropriation of taxpayer money in the TARP program or auto bailouts says more about their allegiance than most any other actions of Congress today. I never watch a politicians lips. I watch their actions. Government cannot serve two masters. It must either serve the sovereign or conflicting interests that involve monetary and personal reward. I think we were told in writings a few thousand years old what the answer should be. What would Congress do without the $3 billion annually spent by foreign governments, dictators, banksters, companies and competing special interests corrupting our government? And, by extension, our society. While Obama's executive order on lobbying is a noble action, the reality is true and lasting reform cannot be achieved until lobby reform and clear transparency is written into stone never to be changed at the whim of a scheming politician.
posted by TimingLogic at 4:39 PM