This just in from the comfortably wealthy Sen John Kerry of Massacheussetts...
"Clearly, this is no time to party. Economic indicators are deeply troubling. Household debt-to-income levels are at historic highs, and estimates show that homes continue to be overvalued by as much as 30 percent. Many credit-card companies are facing insolvency. And commercial real-estate projects across the nation are quickly coming to their moment of crisis.
What does this have to do with lavish and frivolous spending by TARP recipients? Everything. If Americans continue to lose faith that their tax dollars are being used to rescue the economy, they’ll rebel -- at a time when more painful investments and sacrifices must be made to avoid a deeper and deeper recession.
Make no mistake: We need fewer concerts with big-name attractions and more of the hard work to get our economic house in order. This may just be one of those times when Congress needs to save the big corporations from themselves." -Sen John Kerry
Counterpoint: Complaining about the cost of a rock concert or a corporate outing at the same time that Sen Kerry has sponsored $60 Million in earmarks for his home state of Massacheussetts is the height of hypocrisy! Isn't that $60 Million also taxpayer money, senator?
Furthermore, do you politicians ever think about the impact of your micro-management meddling? When you make statements like the above, or pass laws such as you are proposing, do you ever think about the downstream effect? When you ban corporate entertainment the impact on the hospitality industry is devastating. Hotels, resorts, caterers and other companies lose income or even go out of business.
More important, the very people you care most about - the workers - lose their jobs. Get a grip, man! Better yet, keep your mouth shut. The country will be better for it.
Sunday, March 8, 2009
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