Tuesday, June 10, 2008

John McCain, Barack Obama, and Ayn Rand

Barack Obama, April 2008:

Democratic presidential candidate Barack Obama will push on Friday for passage of a bill to put the huge pay packages of some U.S. corporate executives under greater scrutiny.
The Illinois senator has introduced “say-on-pay” legislation that would give investors more of a voice in setting executive compensation packages.
“We’ve seen what happens when CEOs are paid for doing a job no matter how bad a job they’re doing. We can’t afford to postpone reform any longer,” Obama said in prepared remarks for delivery later on Friday.
“That’s why Washington needs to act immediately to pass this legislation.”

John McCain, June 2008:

"Americans are right to be offended when the extravagant salaries and severance deals of CEOs ... bear no relation to the success of the company or the wishes of shareholders," he will say, adding that some of those chief executives helped bring on the country's housing crisis and market troubles.
"If I am elected president, I intend to see that wrongdoing of this kind is called to account by federal prosecutors....

And finally, Ayn Rand, speaking through the character of Ellsworth Toohey in The Foutainhead:

Watch the pincer movement. If you’re sick of one version, we push you into the other. We get you coming and going. We’ve closed the doors. We’ve fixed the coin. Heads—collectivism, and tails—collectivism. Fight the doctrine which slaughters the individual with a doctrine which slaughters the individual. Give up your soul to a council—or give it up to a leader. But give it up, give it up, give it up. My technique . . . . Offer poison as food and poison as antidote....

You can substitute "climate change" for "CEO pay" if you wish; Ayn is still spot-on, as ususal....


Anonymous said...

Ayn Rand is God!

Certainly, though, she would be spitting fire were she around for these interesting times.

But I guess these days philosophy is simply there to be studied, as a relic, not as a thing to actually, you know, be practiced.

Anonymous said...

Excellent point. The fact of the matter is that it is none of Obama's business what CEOs make. And since he does not own any corporations, he has no right to insert his views or opinions anywhere. This disrespectful attitude from a career politician who has not had to meet a payroll or satisfy stock holders in his life is reprehensible and only shows how absolutely clueless Obama is about the free market. He is showing himself to be either a Marxist or an idiot (which is about the same thing). Democrats take note and see fully what you are getting. My children were never this stupid that they don't understand the level of intelligence needed to graduate from school let alone become a CEO of a major corporation. Imagine the kind of damage he will do to our country on a daily basis by inserting his Marxist hatred of American business on issue after issue. Beware, we are about to elect a hater of success. This country will not survive a Barack Obama.

Principlex said...

The antidote? One dose of this each morning.