Demanding and achieving a better result.

Written by Tony Barr Candidate PA 9th

This morning, over coffee and breakfast, I read about the book In Search of Excellence by Thomas Peters and Robert Waterman.  In this book, the authors explore different management techniques to better understand what makes some businesses successful.  In this book, the authors find 8 basic practices that make businesses successful.  I was stunned as I read because they, in eight very short phrases, had expressed the objectives that I want to achieve once I am elected to Congress.  Their prescriptions, I believe, apply to smart, effective government as well as successful business.

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The Fed -- Jekyll Island Monster

...The Federal Reserve's only concerns are the profits and power of its private owners. In a conflict between the interests of their private owners and the US citizenry, they have no concerns for the US citizenry. Disintegration of the US economy will be induced the day that it provides enough profit to the Euro-American central bank cabal...

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10% of American Business Elites Routinely Steal Money

I put up a post on Lieberman getting lots of contributions from CEOs, and though I didn't write that this meant anything in itself, commenters were quick to defend big business as an institution and say that CEOs have the right to donate money, just like anyone else.  I find that technically true, but laughably naive.

What Barry Ritholz blogged about the other day (from the Wall Street Journal) shows that  CEOs and top executives are not like anyone else.  They routinely steal huge sums of money from their shareholders and get away with it.  

A Wall Street Journal analysis shows how some companies rushed, amid the post-9/11 stock-market decline, to give executives especially valuable options. A review of Standard & Poor's ExecuComp data for 1,800 leading companies indicates that from Sept. 17, 2001, through the end of the month, 511 top executives at 186 of these companies got stock-option grants. The number who received grants was 2.6 times as many as in the same stretch of September in 2000, and more than twice as many as in the like period in any other year between 1999 and 2003.

10% of the top 1800 companies in America ripped off shareholders in the wake of 9/11.  Economic populism works when business and political elites are corrupt.  That is the case right now.  CEOs and top executives are not to be trusted, they have a basic greedy mindset that has nothing to do with capitalism and everything to do with selfish betrayal of the free market.

Oh, and as an aside, let me point out that the idea that Democratic consultants couldn't compete if they had 'real accountability' and had corporate clients is flawed.  Most of them do have corporate clients, a lot of corporate clients in fact.  And there's no accountability there either.

It's not just the American political system that is rotten, my friends.

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Shameless (Minimum Wage)

The House of Representatives was busy yesterday engaging in vicious class warfare against working families.

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BREAKING: Open Your Window and Yell: Raise the Minimum Wage!

Breaking: Republicans have blocked the vote on the minimum wage. This diary reflects earlier optimism about the debate.

*****

An increase in the minimum wage is once again hovering around the Congressional docket, as Democrats try to wedge it into various bills while Republicans try to sink it.

And once again, as reliable as clockwork, defenders and opponents are snapping into action, dusting off briefs and arguments, updating the analysis for inflation and generally doing the same dance we always do (I'm a defender).


There's got to be a better way.

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Diaries

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