Who is Responsible?

That question begs another.  For what?

My answer is: For ANYTHING.

Take BP and the Deepwater horizon debacle…  Is it BP’s fault because they put it all together?  Is it the fault of Transocean because they owned the Deepwater Horizon and rented it to BP?  How about Halliburton, who poured the concrete that failed?  How about the regulators who seemed to be more agents of BP rather than regulators?

The last reports I saw says they all were!

We have three branches of government, in the federal and state levels, that are supposed to check each other.  The Executive runs things, the Legislative makes the rules for him to use, and the Judicial is pretty much a referee.  Two of them can cancel out the actions of the third, if they all work as they should.  For the budget battle to have been won it, would take budget bill to be passed by both houses, and then signed by the President..  So, if one house passes a bill, and the president OKs the concept, then why does it not get past Harry Reid in the Senate.  So either President Obama is NOT the head of the party, or Reid just wanted to embarrass the President, or they are working together to embarrass the Republicans…    So….  are we responsible because we elected these morons?

What about big business?  We have had house flipping, that contributed to the burst bubble of the housing boom, boards of directors who seem to vote each other obscene salaries, and then have to give large payments to CEOs that they should just fire for incompetence.  A worker who does not perform gets shown the door.  A CEO who does not perform get bonuses, and then a golden parachute out the door.  If the company fails what do the CEOs and Directors lose?  The biggest question would be: who are the real losers?  There you would have to say the employees and customers.  So when a company fails, is the government responsible for letting them fail?

If I have a company that is not making money can I go the the Feds and say “bail me out”?  NO..  I would NOT be too big to fail…  So,to be succesful you have to fail in a VERY BIG way.

There sees to be a lack of people with the integrity to stand up and say “I failed”.  What we wind up with these days is a large group of people who point at each other and say, “he did it, not me”.

I have an idea…  The Japanese used to have, and still might, a rather rigid idea of Honor, and the guy who failed often ended the problem with the use of a sword….

Maybe we could adapt that code of Honor, and the next CEO who drives his bank, cooperation, or whatever, down the toilet would get a choice: use the sword, to do the honorable thing, or we take away everything you have as well as what you have given to your family.

This would, again, ask the question: Who is responsible?

The answer seems to be : the poor.

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One Reply to “Who is Responsible?”

  1. Well thought out~! Very good article~! I remember a time in the 1970’s when GM (yes, that General) used to pay dividends especially to their VP’s. I’m not certain of the year, but Pontiac lost a huge amount one year (probably not the year of the GTO!) and STILL their VP of Operations got a $150,000 bonus — for FAILING! Is it any wonder this system does more harm than good? Salaries and bonuses are far too high for people to underperform! Take, for example, Congress… It is hard to tell what their “work” costs us, because they haven’t been doing ANYTHING!! Do we have a balanced budget? No. But the bank that loans you money says that YOU HAVE TO HAVE ONE! What makes them “Special”? THEY DO! DO NOT allow Congress to give themselves pay raises! Can you imagine what life would be like if that is all we needed to do to make more money? — Just VOTE OURSELVES SOME!! Really??
    Which should leave some room for further discussion… Thanks for listening.

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