Posted on 10/13/2011 6:32:36 PM PDT by GreyFriar
Gasoline price in Jasper County, Indiana jumped 26 cents a gallon between 8am and 1pm on Thursday, 13 Oct 2011
why can't people figure out that superstar quarterbacks (Manning), baseball pitchers, corporate execs, entertainers, etc. are paid huge anounts of money because so very few people can do that job. If you don't like it, don't patronize their product......I don't know what you do for a living, but I'll bet that a higher percentage of the general public could do your job just as well, or better, than you do it whereas only a handfull of people in the world could possibly sucessfully operate Ford Motor Company! If I am in charge(and I have been on a smaller scale) and someone runs my company and provides it a 5 billion dollar quarterly profit, I'll kick him/her a couple of million in bonus bucks!
The rage against “Wall Street” and CEO’s crossed over to conservatives when the bailouts occured. IMHO that was planned by Obama. It is easy to place blame on CEO’s with million dollar bonuses as their company tanks. Even easier when my tax money pays it. But I/we need to remember the government was the one bailing them out.
And as far as increased prices, when you just print more money that will be the result. And not allowing us to drill for oil doesn’t help with the gas prices.
3.19 to 3.35 in Central Florida
http://www.spoiledthemovie.com/
I saw it this evening, very enlightening. I urge everyone to go see:
spOILed
about the energy crisis.
Now that the banks paid back TARP, at a profit to the Treasury, are the bonuses okay?
Gas spiked from 3.23 to 3.46 Wed afternoon here in Evansville IN., for no known reason.
I remember in my youth, gas would rise 3 cents on Thursday and drop the same on Sunday, like clockwork. Now the gas goes up a quarter and drops by a few pennies per day for a week, until the next spike.
First off - I think the bonuses were okay in the first place. Those were agreements in place between the company and the person.
And I know that it has been talked about how all of the TARP money has been paid back. I have read that may be true of the large banks, but the smaller banks and other firms like AIG, GM, etc. it seems not. And a lot of it is pretty confusing to me. (Like your tagline says - that’s me!) But it looks like lots of wheeling and dealings to make it look good on paper.
All I know is that with the bailouts came lots of talk on FR how these CEO’s, the banks, etc. were evil for still handing out those salaries. And I think that was an intended consequence. The other intended consequence was for the companies to have to rely on the graces of the government more.
Just when prices were starting to go down. Cain may not like Perry, but he needs to add Perry’s energy ideas to his 9-9-9 tax idea.
I live in the foothills east of Sacramento and it is about 3.85 and has been for months.
What ever companies pay their CEOs is their business, not yours. If you don't like what they pay their executives then don't buy their products. Capitalism in a Republic means that business owners, and stock holders, are free to pay people what ever the he** they want. If they are over paying them then the profit margin will drop and they will cut back on the bonuses. As I said, it is none of your, or anyone at all except the stockholders of that company, business what they pay their CEOs.
Agreed - see my post 48.
PS, if you want to bitch about high prices, try bitching at the government and forcing them to get rid of the EPA, HLS, the dept. of Education and many other agencies and let the states take care of that sort of thing and get rid of all the onerous regulations that force companies to spend billions they don’t have to in order to make a decent profit, that is if they aren’t run out of business altogether. Who do you think makes the most money on a gallon of gas, the oil companies or the government? Correct answer is the government. Too much government is our problem, not the pay checks of CEOs.
No, not all the TARP money has been paid back. You are correct, AIG still owes. That will probably break even for the Treasury. We'll lose on GM and Chrysler and of course the mortgage modification portion of TARP will never be repaid. Don't get me started on all the losses we'll suffer because of Fannie and Freddie.
My claim was that the bank portion has been repaid at a profit. Some small banks still owe, but the profit the Treasury made on the big banks means that even if those small banks default, more total bank money came back, so far, than the total bank money lent out.
All I know is that with the bailouts came lots of talk on FR how these CEO’s, the banks, etc. were evil for still handing out those salaries.
Yup, silly populism on the right as well as the left.
We need to kill the ethanol subsides as well.
*subsidies*
Move to South Carolina. I saw $2.89 and $2.99 yesterday in Spartanburg.
Price is up another nickel this morning for Nov delivery contracts, $2.81. I think it was as low as $2.50 a couple of weeks ago.
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