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Wednesday, March 18, 2009
Cal  Thomas :: Townhall.com Columnist
Horsing Around
by Cal Thomas
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Was the Copenhagen Global Warming Summit Walk-Out a Win for the U.S.?


Nathan replied that he didn't have enough education. Rush asked him his age. Nathan answered, "31." Rush said, "The only thing keeping you from making that much money, or more, is you."

Nathan hung up. He didn't want to hear this. He'd bought the fiction that there are limited amounts of money available and if an AIG employee is making more than he is, Nathan is being deprived of money that could be his.

Limbaugh said that making $250,000 is difficult, but not impossible with the right education, experience and most importantly, persistence.

Who teaches such values today? If you don't succeed, it's someone else's fault, not yours. Others who have succeeded owe it to you to make things "fair." Instead of attending to ways in which our own lives and circumstances might be improved, too many try to bring others down to their level. That never improves conditions for the ones at the bottom, but it makes them feel better, which is the objective of liberal politicians who want to keep people in sufficient misery so they'll continue to win their votes. It apparently doesn't occur to the miserable that they have a ticket out of their circumstances, if they will only climb aboard the right train.

Secretary Geithner wants AIG and executives at other companies that receive tax dollars to be paid according to performance. That is a standard most of us would like to see applied to Congress, which enjoys annual pay increases no matter how much incompetence, malfeasance and misfeasance it demonstrates.

If it is a good idea to tie teacher pay to performance (and it is), it is a better idea to link the pay of politicians to performance. Look for that about the time Congress votes for term limits.

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About The Author
Cal Thomas is co-author (with Bob Beckel) of the book, "Common Ground: How to Stop the Partisan War That is Destroying America".
 
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re: Michael
The issue here is not what you or I would get or lose with AIG exec bonuses. It is an ethical issue: should executives who helped to oversee the ruin of a company receive a sizable bonus for their bad decisions? Certainly that is not the ethos of capitalism, where one is rewarded for good decisions and punished for bad. The fact they are taking tax dollars over bankruptcy and liquidation (with no bonus option I might add) most certainly calls into question the decision of the AIG bonus. Certainly, in my job as a web app programmer, if I consistently put into production bad code that costs the company money in correcting I can expect to not only not get a bonus for bad work but I can also probably expect a pink slip eventually? Why should high execs be held to a different standard? Especially where public money is involved?

making money
What Limbaugh did not discuss is that in order to make the fabled $250,000 one must go into tens of thousands of dollars of debt (at least) to finance a college education to even get into the running for positions that pay that much. I can attest: I made the decision to finish my bachelor's degree but had to finance my education on student loans that currently own me for $30,000. Sad to say, the system is balanced for the rich, in that only a rich family can afford out of pocket the outrageous tuitions to afford college education that is now a de-facto requirement for promoting yourself through modern corporate America. The good news: my college education worked in my favor and I was able to obtain a computer programming job but I still have lots to pay back over a good part of my working years. Not disagreeing with Limbaugh (for once! lol) that a good part of your success is determined by your drive but I think it's important to note that the gateways to success (college) factor a lot of deserving people right out of the equation. It used to be a man (or woman) could start at the low levels and work their way up through the company through training and hard work but that is simply not the case with the "global" economy and global style corporatism (for the most part). It also used to be the case that blue collar jobs were sufficient to promote a nice lifestyle for a family but that is also no longer the case for the vast majority. Limbaugh (and Thomas) need to address both sides of this issue.
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