In “Rich Dad Poor Dad,” author Robert Kiyosaki explained the different views of wealth that poor and rich people have. Kiyosaki showed readers how to learn from those opposite outlooks and be successful.
President Barack Obama must be vying to write the latest sequel. Only, Obama wants to turn things upside down. People who make money in the private sector now are evil. Obama made big headlines recently calling out “fat cat bankers on Wall Street.” The only people who are good in Obamaland are government employees.
And they aren’t just doing good, they are doing well. Really well. According to an excellent report by USA Today, “federal employees making salaries of $100,000 or more jumped from 14 percent to 19 percent of civil servants during the recession's first 18 months – and that's before overtime pay and bonuses are counted.”
For you statistics wonks out there, that’s an increase of more than a third. The paper went on to show how out of whack federal pay is when compared to what everyone else earns. “The growth in six-figure salaries has pushed the average federal worker's pay to $71,206, compared with $40,331 in the private sector,” it reported Dec. 10. That means the “average” federal worker earns more than $30,000 above a private sector counterpart – enough to buy a government-approved Toyota Prius and have plenty left over.
So naturally Obama is reining in federal salaries and going after waste in the system like he’s always talking about with health care. Right?
Not a chance. The president knows government workers rely on more government and that makes them a core constituency of the Democratic Party. So he instead attacks Wall Street and evil bankers – “banksters” as lefties like to call them.
Obama went after the banks in that recent “60 Minutes” appearance. “They`re still puzzled why is it that people are mad at the banks?” he asked. “Well, let`s see. You know you guys are drawing down ten-, twenty million-dollar bonuses after America went through the worst economic year that it’s gone through in – in decades. And you guys caused the problem and we got ten percent unemployment. Why do you think people might be a little frustrated?”