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Archive for the ‘Politics’ Category

CEO Pay is Obscene, right?

Posted by revkharma on November 12, 2015

Much has been said recently about the ‘outrageous rate of pay’ received by CEO’s in American Companies. Not just the rate of pay, but the ‘ratio of CEO pay to the average employee’ in the companies they run.

Often , and frequently in the campaigns of Hillary Clinton and Bernie Sanders, a number is tossed around which shows the drastic and, by implication, immoral disparity, stating that on average American CEO’s are paid somewhere between 295 to 333 times the pay of the average employee of their company. Additionally  there is an accompanying outrage at the fact that CEO’s are receiving huge raises, while employees / workers pay is flat or reduced.

Here are some statistics provided directly by the US Bureau of Labor Statistics to shed some light on this mess

  1. What is the ratio of CEO pay to workers.

The common answer is in the range of 300 to 1.

This is determined by a several widely reported studies:

While the huge multi-million pay packages of a few hundred CEOs get all of the media attention, what usually receives much less attention is the small number of CEOs represented in the annual salary surveys, especially compared to the total number of CEOs in the US. For example, the WSJ’s executive compenstation survey last year included only 300 CEOs at large, U.S.-traded public companies, and the AP analyzed compensation figures for only 337 companies in the S&P 500 last year. The AFL-CIO did an analysis of the CEOs of 350 companies in the S&P 500 in 2013 and then computed a “CEO-to-worker pay ratio” of 331 times, up from a ratio of 300 ten years ago and 200 twenty years ago.

But as they say, facts are stubborn things.  The key detail in the above referenced studies is the number of companies surveyed, which is fewer than 400 companies. These are also among the highest performing, largest grossing corporations in America. This cherry picking will necessarily distort the results.

When the analysis is broadened to cover a more representative sample of  companies, with data supplied by the US Bureau of Labor Statistics:
 The BLS report provides “employment and wage estimates by area and by industry for wage and salary workers in 22 major occupational groups, 94 minor occupational groups, 458 broad occupations, and 821 detailed occupations

 

The information then presents a far different picture. In fact, the average pay for 246,240 CEO’s surveyed totals to $180,700. While this is surely not minimum wage, it is not exorbitant for someone who is charged with running the entire company.  When this figure is used to calculate the ratio of pay for CEO compared to average worker, the true figure drops to less than 4 to 1, or 3.83 to 1 for last year(2014).

  1. Why do CEO’s get huge raises while workers do not?

Once more, lets look at the BLS numbers for some factual answers:

For the larger sample of CEOs reported by the BLS, their average pay of $180,700 last year was an increase of only 1.3% from the average CEO pay of $178,400 in 2013. In contrast, the BLS reports that the average pay of all workers increased by 1.7% last year to $47,230 from $46,440 in 2013. That’s right, the average worker last year saw an increase in their pay that was more than 30% greater than the increase in pay for the average US CEO.

 

So, when correct information is supplied for analysis, rather than skewed and partial figures lumped into statistics for a particular agenda we see that the rallying cry of the ‘Occupy’ crowd and the socialists and the various political activists, we can see that American CEO’s are paid more than the workers in their companies, they are not ‘immoral and outrageously more’. And once again, those in rank and file of most companies have received pay increases, on average proportionally more than the CEO’s of the companies where they work.

All of this is actually beside the point. The purpose for bashing CEO pay is focused on a purpose of causing a move toward Federal Government regulation of the pay of CEOs of PRIVATE COMPANIES. There is absolutely no constitutional justification or provision for any such role for government, and no amount of skewed analysis of defective statistics should change that.

Here are some sources of reference for the above information:

Bureau of Labor statics report:
http://www.bls.gov/news.release/pdf/ocwage.pdf

American Enterprise Institute analysis of CEO pay:

https://www.aei.org/publication/when-we-consider-all-us-chief-executives-the-ceo-to-worker-pay-ratio-falls-from-3311-to-below-41/

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Posted in Big Government, Civil liberties, Constitution, Politics | Tagged: , , , , , , , | Leave a Comment »

Forty Seven to run EVERYTHING

Posted by revkharma on September 10, 2015

For the record, I am not a follower of ‘numerology’. I don’t believe in horoscopes or most of the end times prophesies that pop up every year or so like so many whack a moles. But there is one number that has caught my attention. It’s an important number, and a far smaller than I would have imagined.  I’ll tell you about it quickly, then tell me what you think.

Forty Seven is a magical number. It is a DANGEROUS number.

That is the total number of people who are needed to destroy our republic. 1 president who is willing to act via executive decree. 5 supreme court justices willing to vote against clear language in Constitution  to enable that executive  to continue. 41 senators willing to vote to “filibuster ” to block any legislation which might rein in the lawlessness.
Of course there is a pair of spineless congressional leaders, one in the house and one in the Senate who will lay down and not fight to defend what they pretend their party  stands for.

Posted in Big Government, Constitution, Freedom, Government Power, liberty, Politics | Tagged: , , , , , , , , | Leave a Comment »

Go Ahead.. Shout “FIRE”

Posted by revkharma on May 8, 2015

OK, this is one of the things that has ground my gears for years.

The famous hoary old quote trotted out whenever the libs disagree with something a libertarian or conservative says in public that ”offends them

Immediately they say,(harumph, harumph) “Well free speech is all well and good, and we all know that there is a First Amendment.

BUT….. We all know that YOU CAN’T YELL FIRE IN A CROWDED THEATER

Then the speaker smiles smugly like the Church Lady, and sits back. The argument is over, and I win! So SHUT UP they explained.

OK, so the quote is not in any law, but was part of an introduction by Justice Holmes in a 1919 court ruling.( US. V Schenck) In that ruling they said a pamphlet against the draft that contained the phrases ‘Assert Your Rights” and ‘Do  not submit to intimidation”

Pretty mild stuff, eh?

What is even more interesting is that the entire decision was OVERTURNED IN 1969!!!
(Brandenburg v. Ohio)

The ruling reversed a previous Supreme Court decision setting a new precedent for the “clear and present danger” standard in First Amendment cases. The Court now held that a person’s words were protected as free speech as long as they did not directly incite unlawful action

Court held that all speech,including inflammatory speech, such as in this case by the KKK, is protected under the First Amendment, unless the speech is directed to inciting or producing imminent lawless action and is likely to incite or produce such action. The link must be there, the speech MUST directly result in the violent action.

So, next time someone says

Well, we ALL know you can’t shout Fire in a theater and gives that stupid look, the best reply is:

“Oh? What about Brandenburg v. Ohio?

Boom!

Posted in Civil liberties, Constitution, Freedom, Government Power, liberty, Politics | Tagged: , , , , , , , , , , | Leave a Comment »

Outrage, Rights and Moral Failure

Posted by revkharma on June 9, 2014

KHARTOUM (Reuters) – A Sudanese court has sentenced a 27-year-old woman to death for converting to Christianity, judicial sources said.
Mariam Yahya Ibrahim had been ordered to abandon her newly adopted Christian faith and return to Islam. She had also been charged with adultery for marrying a Christian man.

OK, Where is the condemnation from the United Nations? From western nations? From the White House? From the House or Senate? From ANY leaders anywhere in the world??

And one more thing:
“Sudan is committed to all human rights and freedom of faith granted in Sudan by the constitution and law,” Foreign Ministry spokesman Abu-Bakr Al-Siddiq said. He added that his ministry trusted the integrity and independence of the judiciary.

Note the phrasing ‘Granted… by the Constitution and Law…”
The words betry a mindset, one which is different from the original ideas enshrined in the US Constitution. At least originally our founding documents declared that our rights pre-exist and supercede our constitution and laws. Rights co exist with humanity, ‘endowed by their Creater’ and inalienable.
As soon as they are ‘granted by law, or granted by Constitution’, they can be removed or altered by law.
As we in this nation continue to ‘grant rights’ by government fiat, we move quickly toward a legal grant which can be removed also by law.

Watch out, we are moving toward the very standard embraced by the Sudanese.

Posted in Bill of Rights, Civil liberties, Constitution, Culture of Death, Government Power, islamism, Politics, religion of peace, transnational law, Uncategorized | Tagged: , , , , , , , , | Leave a Comment »

The Destructive Seventeenth

Posted by revkharma on December 28, 2012

We all hear over and over about the famous “Checks and Balances” built into the government by the Constitution. Supposedly each of the three branches are separate and equal, in order to prevent any one branch from gaining too much centralized power and moving the nation back toward tyranny.  In recent times we have seen over and over that the balance is portrayed as a balance between the “Two Parties” so one political party does not gain overwhelming power over the levers of government. The last is the most risible of all, as there were no real political parties when the Constitution was written, and as most have heard, outgoing President Washington warned about the danger of parties as he left office.

All of this addresses the balance of power within the Federal Government. All of this also fails to address one area of balance which was intentionally removed, and all but forgotten. This loss, and loss of memory is perhaps the most destructive to our republic.

The loss I speak of is the loss of any check or balance of the power of the Federal government against the states, which was erased by the 17th amendment.

Read the entire thing here:

Patriots Do Not Comply

Keep The Faith

The Rev

Posted in administrative power, Big Government, congressional representation, Constitution, Founders, George Washington, Government expansion, Government Power, Gun crimes, Gun Laws, liberty, Obama Care, Political parties, Politics, Senate, State Supremacy, states rights, Uncategorized | Tagged: , , , , , , , , , , | Leave a Comment »

Fast thoughts on the Mittens lost election

Posted by revkharma on November 20, 2012

Ok,I have wasted some time reading some stuff, more post election whining and finger pointing. Just a couple of fast thoughts.
First: it’s time to eliminate any and all Bush admin folks from the ranks of any party that wants to win. Personally I think the elephant party should just go away, basically THEY SUCK.
Next, stop all the crap about ‘Swing States”. If you want to run to be President of the United States, then campaign in ALL of the United States. If you want to be president of Ohio, then put that on your ads and shut the fuck up.
Way too many states were taken for granted. This year there was a case to be made, and Romney and the elephants just didn’t bother. Since they only concentrated on swing states, and critical issues, then they abandoned the case that they SHOULD have made.

Run for president, not for marketing executive.
Make a case, present ideas, and tell me why you DESERVE to be my president.
If not, well, then people will stay home and you will continue to lose over and over and over.

Posted in Big Government, Just talking, media coverage, Obama, Obama Administration, Political parties, Politics, Presidential race, Republican Platform, states rights, Tea Parties, Uncategorized, White house | Tagged: , , , , | Leave a Comment »

I don’t recognize my country today… or Has Carter been Reelected?

Posted by revkharma on September 13, 2012

I don’t recognize my country today.

The last few days have presented a clear and obvious choice. Our Embassies, sovereign territory placed within other nations, have been attacked and defiled. Our ambassador has been killed, along with several others in planned coordinated attacks on American facilities.

While the government of Mohammed Morsi permitted his thugs to invade the grounds of the American Embassy in Cairo, the US state department was issuing apologies to Islam, condemning those who would dare to ‘Hurt the feelings’ of Muslims anyplace in the world.

When a candidate for the office of president challenged the appropriateness of this apology, he was roundly criticized, not for saying something untrue or incorrect, but for ‘the timing’ of his statement. All this while the State dept. repeated and reissued the same statement even while the flag of our nation was being pulled down, set ablaze and replaced by a flag representing the very Al Qaeda groups which have attacked us repeatedly.

Following that atrocity in Egypt, Libyan ‘extremists’ assaulted the consulate and the American Ambassador. He and others were escorted to a ‘safe location’ by Libyan guards… apparently we had no US Marines available to protect the representative of the United States in a dangerous area…

Once ensconced in said safe location, the Libyan ‘protectors’ then took to the streets, to inform the ‘small band of extremists’ as to the location of the American delegation.

Upon this felicitous discovery, the Ambassador and his aides were murdered, and their bodies carried, as trophies, through the streets in jubilant celebration of the pinnacle of Arab Muslim civilization.

To this point, there have been as many differing explanations and causes given for the death of these people as questions about ‘the motives’ of the assault.

It must have been that cheap movie; the clip was shown on YouTube. That’s why they attacked. Not because they want to extend their reach globally. So, in order to prevent them from attacking again, and to refute the statements of those who claim this is all about extending Sharia law in our modern world as it has been in their pre historic caliphate, many journalists have called out for the arrest and trial of a nominally Christian pastor who has supported the movie. He must be made to pay. We must curtail his right to speak, lest he offend some Islamic man of peace and drive him to behead someone in The Levant. We must implement the rules of Sharia in order to prove that the Islamofascists are not trying to implement the rules of Sharia.

Then our President makes his statement.

He uses one of his most useful collections of weasel words, telling us to “Make No mistake”

(This is a phrase he generally uses to ensure that we know he is about to make an intentional forced error)

“Justice will be done” Our president has promised that “Justice will be done”

This is step one. Justice, as in the Department of Justice. That great bastion of integrity and fairness which upon winning summary judgment against a group ( The New Black Panther Party) which used force to intimidate voters at polling places in Philadelphia, abandoned the case, and surrendered, dropping all charges against those who had just been convicted. That Standard Bearer of brilliance, which has stonewalled the investigation of the killing of a US agent by foreign nationals using guns purchased through a program managed by that very justice department, and denied by the head of that august body. That kind of justice.

Today after two devastating attacks, carried out on the eleventh day of September, (does that day ring any bells anyone??? Hello???) Our President, our leader, the most powerful man on the planet, has dispatched…….

The FBI to investigate and determine the motives of the attackers.

THE FREAKING FBI????? We are attacked by forces under the control of foreign governments, our representatives are murdered, our embassies defiled, our flag burned and REPLACED by the flag of our enemies, and we send in the cops???

Of course we will investigate, we will debate, and we will take an overt act of war and magically transmogrify it into an act of civil criminal disobedience, to be explained by root causes, and oppression by the evil conservative Christian right wing hate groups.

 Soon enough we will see that the attacks in Cairo and Ben Ghazi are actually the result of actions by Rush Limbaugh, Fox News and Paul Ryan, abetted of course by the Koch brothers, enabled by the Citizens United decision. The only way to prevent such attacks from happening again will be to suspend the first amendment, and permit the government to support and affirm the rights of Muslims to impose their will, to eliminate the second amendment to prevent ‘right wing terrorists’ from attacking us from within, and to ensure that Obama and his administration remain in power to protect us from the Israelis who are the real source of terror in the middle east.

Of course, that last paragraph is a farce, a parody of reality. Absurd words, meant to dramatize the reality which is much nicer and safer. It is, I promise, … or at least I pray it is.

Keep the Faith!

The Rev

Posted in Attorney General, chaos, Christianity, Civil liberties, Culture of Death, eric holder, Free Speech, Freedom, islamism, Justice, media coverage, Middle East, Military, Obama, Obama Administration, Politics, Presidential race, religion of peace, Terrorism, Uncategorized, White house | Leave a Comment »

Gold standard, Double Standard

Posted by revkharma on September 12, 2012

Recall during the DNC convention, there was a little fuss about leaving out a couple of items from the platform. We were told over and over that the president did NOT write it, and anyway, it is just a document for the group, not anything that binds anyone and really does not reflect the views and plans of the party, or the campaign. Pay no attention to it, we were told by various and sundry media outlets and pundits.

Today, the local paper reprints an editorial from of all places The Chicago Tribune.

It criticizes the elephants for inserting a section which suggests forming a committee to examine the idea and possible consequences of some sort of return to a gold standard for financial stability.

They even go so far as to quote from William Jennings Bryan’s legendary “ Cross of Gold” speech.

I am just curious, why is it so important when the elephant party has something in it’s platform, and irrelevant when the jackass party has, or omits, something in it’s platform?

 

Sometimes you just have to wonder.

Posted in deception, Democrats, DNC, economics, Federal reserve bank, gold standard, international currency, media coverage, monetary policy, Obama Administration, Political parties, Politics, Presidential race, Republican Platform, RNC | Leave a Comment »

Government Involvement, Government Failure

Posted by revkharma on August 6, 2012

Interesting, the headlines on this morning’s paper.
The local, Island Packet has three major stories today.
Top story:
 Bluffton’s Wharf Street homes still empty.
next,
 New plan would help preserve Gullah heritage”
next
Are we getting what we paid for?

First story is about the town housing, paid in full by the Town of Bluffton. Six houses, all built and paid by town money, to be purchased as “affordable housing’. The town made a big deal about how this would help teachers and cops able to afford to buy a house. They have been completed for a year, and not one has been sold. The complex maze of government required paperwork is blamed. Also, and not mentioned, as these are funded by various government grants, there are restrictions attached. should you complete the many forms required by state and fed govt, you are required to keep the house. Should you decide to resell, the town will have veto power, and may require repayment of all ‘mortgage subsidies’
Also, there has yet to be announced a final sale price, as no one in the area is willing to appraise the homes due to the complex nature of the purchase, funding and deed restrictions.
(most of this is NOT in the story, but bits and pieces have appeared over the last several years)
Second story is praising the federal funding of a ‘Gullah Geechie heritage corridor” to help area residents sustain their African roots. Tax money for a group which wishes to emphasize special contributions of a particular racial group and it’s contributions to culture and history.
Well, if this was a strong, vibrant group, would they not have their own ability to celebrate and sustain their culture?
the Italians, the Irish, and other ‘culture and heritage groups’ all manage to privately and successfully ‘celebrate their culture’ without recourse to multi-million dollar federal grants and state funded road signs.
Finally
After decades of deceit, the Social Security Administration has revealed that current recipients will now be paid less in benefits than they had paid in.  By contrast,

” someone who began to receive benefits  in  1960 could expect, if they lived to age expectancy, to collect roughly seven times more than they paid into the system.”

Now the payout will be a fraction of the amount paid in.
This is not a ‘government sponsored retirement system’. This is clearly the collapse of the government sponsored Ponzi scheme.[An interesting side note here. The original story I read is on the front page of the print edition of the Island Packet today, (8/6). However it is to be found nowhere on the paper’s web page. I had to link directly to the AP copy. Wonder why that is?]
What all these have in common is the clear proof that when government gets involved, the market is distorted, and the result is financial collapse and regulatory restriction to work against the stated goals of any project.  In all three cases, had private effort attempted the same projects, there are ample demonstrations of success to contrast with these demonstrations of government sponsored–no– government fostered— failure.

Keep the Faith

The Rev.

Posted in Big Government, deception, economics, Government expansion, Government Power, Politics, regulations | Tagged: , , , , , , , | Leave a Comment »

You Didn’t Build That…

Posted by revkharma on July 20, 2012

If you’ve got a business — you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet. ( B. Obama, 7/13/2012)

Tutto nello Stato, niente al di fuori dello Stato, nulla contro lo Stato (“Everything in the State, nothing outside the State, nothing against the State”) (B. Mussolini, 5/26/1927)

I have been inactive a while, but am compelled to return to my keyboard. Hearing the comments lately from our President gave me a sense of deja vu, and I went back to find the quote which it seemed to echo. I admit, it’s not exact, but it’s of a piece with the governing philosophy displayed by this adminstration.

So often when Mr. Obama says something ridiculous, his opponents rise and compare him to Hitler, or to Stalin, or call him a socialist, or a communist. While there are similarities in his politics to communism, the most clear comparison has got to be with Italian Fascism.

I don’t know why so many rush to the bait of the left. Obama is not hitler, he is not Stalin. ( aside from the fact that he is neither as intelligent, nor ruthless, and not even as charismatic).
From the inception of his campaign, the comparison to Mussolini and his collectivist, statist ideology has been clear.
His use of the coercive power of the state, eg the auto ‘bailout’…which was flat out a government take over.
The government funding, then abandonment of companies like Solyndra are close parallels to the ‘golden shares’.
Fascism is not about ‘goose stepping Nazi troops of the right wing’ it is about quasi private business being controlled by government.
The government tells business how to act, if the business fails, then government blames the fat cats. If it succeeds, then government takes credit, and takes more control. And those connected to the elite continue to make money while demonizing those who don’t follow their directives.
This is not communism, it is the original, true and clear fascism, as originally practiced by Mussolini and the Fascisti.

Even as popular site as Wikipedia in it’s article about Fascism rings loudly with comparisons.

After 1929, the Fascist regime countered the Great Depression with massive public works programs, such as the draining of the Pontine Marshes, hydroelectricity development, railway improvement

( Stimulus Bill anyone)

One truly interesting link: After forcing Chrysler into bankruptcy, the Obama administration and it’s ‘auto Czar’ sought out and found a new buyer for the recreated, and government controlled entity .

Government controlled Chrysler corp got a new partner, which was none other than fascist created and controlled Fiat Motors. Interesting how things come full circle sometimes, isn’t it?

In 1933, the Istituto per la Ricostruzione Industriale (IRI — Institute for Industrial Reconstruction) was established to subsidize failing companies,

(Tarp, auto bailout? Solyndra)

Look, we have to face facts. What we are seeing is the realization of a corporatist form of governance, enacted not by a doctrinaire marxist, but by someone simply craving power. This president condemns the actions of others, while simultaneously behaving in exactly the same way.

His allies in the donkey party cheer him on, knowing that they will continue to expand their personal empires. The elephant party plods along, mostly saying not so fast, not so fast, but not changing direction, only the speed with which government and the super rich like Warren Buffet take over as much as they can.

There is only possible answer, and that is to vote out any incumbent who has consistently increased the power and finances of the Central government in DC.

Senate majority leader..heave him out.

Speaker Boehner.. send him home to weep quietly to himself in a tanning booth in Ohio.

We need real change, so we can once again believe in our government.

Keep the Faith!

The Rev.

Posted in administrative power, bailout, bank takeover, Big Government, change, chaos, charity, Civil liberties, corruption, Culture of Death, deception, Democrats, distraction, economics, fascism, Freedom, Global government, Government expansion, Government Power, Health Care, liberty, Obama Administration, Obama Care, Politics, regulations | Tagged: , , , , , , , , , , , , , , , , , , | Leave a Comment »