Comments on: Taxpayers comment on bailout http://blogofbile.com/2008/09/22/taxpayers-comment-on-bailout/ from the bowels of the mind Wed, 07 Jan 2009 19:51:00 +0000 http://wordpress.org/?v=2.6.5 By: beetlbumjl http://blogofbile.com/2008/09/22/taxpayers-comment-on-bailout/#comment-2767 beetlbumjl Mon, 22 Sep 2008 15:24:04 +0000 http://blogofbile.com/?p=2194#comment-2767 Obama -- "Even if the U.S. Treasury recovers some or most of its investment over time, this initial outlay of up to $700 billion is sobering.  In return for their support, the American people must be assured that the deal reflects the basic principles of transparency, fairness, and reform." If I were running the debate on Friday, one of my questions would be, "So, Barack, in the interest of transparency, fairness, and reform, do you pledge that all economic data reported during your administration will be unbiased?  That would mean publishing accurate inflation numbers, unemployment numbers, taxes, etc.  If find that you are incapable of even this smallest amount of honesty, would you consider turning over the raw data for independent business(es) to digest?"  It's small potatoes at this point, but it's a pet peeve of mine. Obama — “Even if the U.S. Treasury recovers some or most of its investment over time, this initial outlay of up to $700 billion is sobering.  In return for their support, the American people must be assured that the deal reflects the basic principles of transparency, fairness, and reform.”

If I were running the debate on Friday, one of my questions would be, “So, Barack, in the interest of transparency, fairness, and reform, do you pledge that all economic data reported during your administration will be unbiased?  That would mean publishing accurate inflation numbers, unemployment numbers, taxes, etc.  If find that you are incapable of even this smallest amount of honesty, would you consider turning over the raw data for independent business(es) to digest?”  It’s small potatoes at this point, but it’s a pet peeve of mine.

]]> By: invisipunk http://blogofbile.com/2008/09/22/taxpayers-comment-on-bailout/#comment-2764 invisipunk Mon, 22 Sep 2008 13:30:15 +0000 http://blogofbile.com/?p=2194#comment-2764 Would be nice to see this sort of ire at things like Sarbanes Oxley, capping CEO salaries at $400,000 , creating money out of thin air.  So far I see legislation to help out the people at the top and then wealth redistribution going towards the ones less fortunate.  Is it all a wash in the end?  It seems like the economy is fundamentally flawed in that wealth generation isn't tied to productivity.  When the government creates an environment that incentivizes people to take action that's "catastrophic" to the economy as a whole, they step up the regulations to wrangle the beast they created.  So it looks like a complete failure or we move towards something like what China has. Would be nice to see this sort of ire at things like Sarbanes Oxley, capping CEO salaries at $400,000 , creating money out of thin air.  So far I see legislation to help out the people at the top and then wealth redistribution going towards the ones less fortunate.  Is it all a wash in the end?  It seems like the economy is fundamentally flawed in that wealth generation isn’t tied to productivity.  When the government creates an environment that incentivizes people to take action that’s “catastrophic” to the economy as a whole, they step up the regulations to wrangle the beast they created.  So it looks like a complete failure or we move towards something like what China has.

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