We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
The facts about high executive pay. WSJ. I don't care what they make. I do care about what I make. I could never be CEO of Goldman Sachs or GE: I lack the brains, talents, skills, knowledge, decisiveness, interpersonal skills and personality for that. Great biz managers are as rare as great shortstops or sopranos or ballerinas. Got to reward them well for what they do or they will quit, retire - or go to your competitor. That's how free labor markets work, isn't it? It's about scarcity and added value. Like truffles. Supply and demand is a fundamental of freedom.
Yes, the stall analogy describes the aerodynamics involved. The proper positioning of the sail forms the shape of an aerofoil thus creating forward motion (lift, actually, as the sail is really a wing standing on its end).
The different result? When the boat slows down it continues to float...the aeroplane doesn't. I remember my instructor (many years ago) tell me: "When you want to go up...pull back. When you want to go down...pull ALL the way back!".
I suppose great minds work in the same cesspools. My first reaction is that the marketing folks at B&N should look up the definition of "nookie', since Nook E-book Reader and Nook EInk will remind at least the folks of my generation of the classical definition of ""nookie."
As far as 'cash for clunkers is concerned, the Obama liberals fail to understand that totally destroying an asset, whose value is diminished but still present, is dumb.
The free market system has very efficient ways already established for dealing with diminishing assets, like used cars, by auctioning them off if they are still functional, to low income people in the United States or south of our border where they can still have a useful function. In Cuba, for instance, there are cars which are 50 years old which are still running, thanks to the clever "shade tree mechanics" who live there.
But then. to liberals, 'shade tree mechanic' is not a viable, rewardable job description. And destroying still operable vehicles is a brilliant idea from Van Jones, the admitted communist.
If those people are still in charge in 2012, we're all doomed.
If the public has to bail out these firms, then by golly, we can tell them what their going to get paid too. I'm sorry, i ain't paying for anymore expensive, antique furniture, etc , for overpaid executives. Many other countries executives get by on much less, and do just fine. They can suffer along with the rest of us. The junking of good used cars, on the other hand, threw out of kilter a decades old system of recycling old cars. Now used cars are going to cost almost as much as new cars, because of shortages in older cars, tuned into junk because of this program.