Thursday, February 21, 2008

NY Times & McCain

Hmmm….

The New York Times, http://www.msnbc.msn.com/id/23263742/?GT1=10856, is running an expose on the premise that Sen John McCain was friendly with a lobbyist. It takes great pains to point out that while some of his staff have said there was no illicit romantic affair, they wanted to make sure that one didn’t happen. And nothing happened either, but they just wanted to make sure the public didn’t get the wrong idea. Mind you this was all eight years ago.

Elsewhere we find Sen Barrack Obama completing a sweetheart deal in 2005 with the now indicted Tony Rezko to buy his multi-million dollar house. There was no appearance of impropriety in the deal, there was actual impropriety. For what ever reason, The Trib is the only real media outlet that is covering this saga in depth, http://www.chicagotribune.com/chi-rezko-arrested_webjan29,0,6857272.story.

Which one is the bigger story, the one about McCain not having an affair but gasp, looking like he might have an affair or the one about Obama doing a real estate deal with a now indicted lobbyist?

Yep, I guess we know the answer!

Tuesday, February 19, 2008

Radio Obama

If I hear one more Obama radio spot……

Ya know the one, the one with “CEO’s who earn more in 10 minutes than the average worker earns in 1 year. Yep, that one!

Let’s do the math shall we:

$48,201 Average annual salary per US Census Bureau 2006
x 6 1 hour divided by 10 minutes
x 2,080 Annual hours worked
$601,548,000 Obama’s mythical CEO Salary

Exactly how many corporate CEO’s are earning this? Pretty much none. Look at the Fortune or Forbes data. To be sure, some CEO’s have cashed out stock options and retirement benefits that are mind-boggling but these folks are an exception rather than the rule. By the same token I’ve known some individuals who worked in R&D at a local consumer products company (guess who, they are out of Texas but used to be headquartered here until taxes made them flee south) who retired with about $2 million between 401(k) plans and other retirement money. They’ve worked hard for a 30+ year career and became successful. Want to nail them, too?

This Obama ad is pandering to the “stick it to the rich” segment and the “all corporations are evil” mentality.

It is going to be interesting to say the least.