tag:blogger.com,1999:blog-7893272060787897238.post7998525587255236809..comments2024-03-19T08:42:45.690-04:00Comments on The Delaware Libertarian: It's good to be Government Sachs, isn't it?Steven H. Newtonhttp://www.blogger.com/profile/09097470960863103473noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7893272060787897238.post-55918115240708839502009-10-23T20:57:51.420-04:002009-10-23T20:57:51.420-04:00callit
No problems with bonuses whatever for priv...callit<br /><br />No problems with bonuses whatever for private companies as long as they are also subject to crashing and burning when they do really stupid shit.<br /><br />When you accept government bail-out money and also place large numbers of your former employees [who have great stock options] into the Treasury Department, you no longer qualify as a private company in my opinion.<br /><br />And I don't think government executives should be receiving bonuses.Steven H. Newtonhttps://www.blogger.com/profile/09097470960863103473noreply@blogger.comtag:blogger.com,1999:blog-7893272060787897238.post-71275929453787124022009-10-23T11:36:42.852-04:002009-10-23T11:36:42.852-04:00I'm just wondering where Dana is with his triu...I'm just wondering where Dana is with his triumphal affirmation of how great it is to have our treasury subsidizing the likes of Goldman Sachs.<br /><br />Come on, Dana, I know you have at least one more round of bravado in defense of the boys down at Goldman...or at Treasury...as if there's a difference.Tyler Nixonhttps://www.blogger.com/profile/03009459340275592274noreply@blogger.comtag:blogger.com,1999:blog-7893272060787897238.post-15113293448509027452009-10-23T00:02:54.684-04:002009-10-23T00:02:54.684-04:00Good question. In a micro analysis, I'd say th...Good question. In a micro analysis, I'd say that anyone who worked for Goldman Sachs should be required to pay money back to the taxpayers - in simple gratitude for not having to drive their Mercedes to the welfare office. On the macro side, however, I'd say that anyone willing to work for 10% of their previous compensation is not worth employing in the first place.g rexnoreply@blogger.comtag:blogger.com,1999:blog-7893272060787897238.post-21945061443470631772009-10-22T20:59:58.652-04:002009-10-22T20:59:58.652-04:00I was sitting in class (macroeconomics, at your DS...I was sitting in class (macroeconomics, at your DSU) and my professor was teaching us about cash flow in the overall economy. We were studying the standard GDP flow chart and she was explaining how, depending on who you ask, government spending or tax cutting can stimulate a struggling economy. Current events, right?<br /><br />Well, a question was asked and off we went on a 40 minute tangent that ultimately led us to big bonuses for Wall Street types. I have to preface what I'm about to say by stating that I am in total agreement with this post...I believe GS is robbing Americans, and that their bonus structures and cash reserves are ridiculous.<br /><br />When we arrived at the end of our tangent, I asked myself, "aren't big bonuses a good thing? Doesn't that put money in the hands of people who will spend it?"<br /><br />What is your take?callitnoreply@blogger.com