By choosing to display their stubborn, partisan agenda instead of truly serving their constituency and contributing to the downgrading of long term U.S. Treasury bonds instead of making sincere efforts to balance the U.S. budget, our representatives in Congress have put the brakes on anything resembling an economic recovery and many analysts say this is the most serious issue of all.
A commentator on the news this morning said that the Feds need to reassure panicked investors. Duh, yes. And many thanks to the very same industry that provides that commentator a livelihood for the panic that occurred in the first place.
What are the real issues hindering our economy? I offer the following thought, albeit oversimplified and informed mainly by my gut, but still one about which I feel very strongly.
The word that comes to my mind is GREED. Listen to the business news and stock market reports when they say things like, 'gold has backed off of its high' or '3% growth, lower than expected. . . ' We, in and around Baltimore, Maryland depend upon a utilities provider called Constellation Energy who made revenues of $14.3 billion in 2010. Granted, these are 'revenues' not 'profits', but no matter how you slice it, it's big. The Chairman of the Board, President and Chief Executive Officer of this company earned a total Compensation of $6.02 million. That's enough to feed an entire country. And this while our rates for gas and electricity continue to rise.
Why can't profits grow at less than astronomical rates? Why can't we learn contentment and not always crave MORE!!?? Instead of generating MORE, MORE, MORE for investors and providing outrageous compensation packages to executives, why can't these businesses provide jobs and settle for stability or modest growth?
Are any of these people in Congress REALLY leaders?
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