The Spectacle Blog

Exorbitant Salaries

By on 4.24.06 | 6:03PM

Dave -- As a matter of government interest, exhorbitant salaries should be off limits. But I see nothing wrong with jawboning these execs. A $400 million golden parachute, as with the Exxon exec, is obscene. In fact, there is plenty of merit in the complaint that American corporate execs get paid so much more than do, say, Japanese ones. The compensation structure is all screwed up. In fact, the DESIRE for wealth over and above a certain point, except to do good with it (charity, etc), is a character flaw and deserving of ostracism. There's a difference between ambition and greed, and when execs get too greedy they open up a can of worms because it gives the libs a perfect target to get government involved in all kinds of mischief to correct the "imbalances" in compensation. OF course, government should NOT step in, but that doesn't mean the greed is morally defensible.

That point aside, though, I agree with everything else in your post, except that the anti-price gouging thing may only merit point nine or ten on a ten-point list. :) Meanwhile, your last question is appropriate: What DOES Hastert have to show for himself?

Re: Boehner

By on 4.24.06 | 5:47PM

Quin, I agree that bowing to politics is wise in these cases. If this were a clever, "we're-all-for-enforcing-the-law-even-though-it's-probably-being-followed" action, I'd be all for it. It would make a great point eight on a ten-point list of legislation that would roll back all the faulty energy regulation of the last 30 years and begin ANWR and off-shore drilling, as you suggested.

But the fact that we enforce the law is a no-brainer -- and undeserving of a major media push. Instead, these guys assume the Democratic position: that of course the oil companies are price gouging.

Boehner’s bo… uh, his mistake

By on 4.24.06 | 5:12PM

Dave -- You know, I actually don't mind a little bit of showboating; if there are indeed people breaking the law via price gouging, I'm all for prosecuting them. A LITTLE bow to politics is okay... but only if such a misleading bow isn't the sum total of one's efforts. The problem, as you so well noted earlier, is that there are a lot more and a lot more substantive reasons for the high prices than "gouging," but the House GOP seems unable to make a case for correcting those real problems. It is that combination of an inability or unwillingness to do REAL solutions along with the mostly empty (and wholly ineffective) rhetoric on price-gouging that is so, well, let's call it flat-out offensive. In contrast, my old boss Bob Livingston of Louisiana was on Fox News last Friday at the same time as Eleanor Clift, and HE actually took the fight to her. She started in with all the tommyrot about how the high prices are Bush's fault, but he blew her out of the park with a concise list of policy mistakes for the last 30 years that led us to this point. E.g., Regs that keep refineries from being built.

Sick House GOP

By on 4.24.06 | 4:38PM

Quin, believe it or not, it gets worse. Majority Leader John Boehner's office just sent out an email (as a "Majority Matters" alert) reporting that by Frist and Hastert requesting gas price investigations, "Republicans are sending a strong signal to would-be gasoline price gougers tat they will be prosecuted to the full extent of the law." This comes under the headline, "GOP Leaders Take Action on Energy Prices to Safeguard Growing Economy."

I have little to add to my comments below on this silly showboating, but then the email claims Democrats have only "More empty rhetoric" to address the issue, and cites the Detroit News editorial as evidence. They selectively quote the parts of the editorial most hostile to Democrats and their obstruction, but leave out the bulk which depicts the noise about price gouging as demagoguery. Is the majority leader's office really so blind as to attack the very Democratic talking points on which his allies are basing their stunt?

Republicans aping Democrats, and the majority leader celebrates. Aren't you glad the boys are back in town?

Kristol on Manifesto

By on 4.24.06 | 3:37PM

I've been writing in the past week about a sensible-Left document called the Euston Manifesto, here, and also at the end of this column. (My column itself was mentioned by another Guardian columnist, but most of the Guardian blog respondents slammed me and the Manifesto. Oh, well.) Now, kudos to Bill Kristol at The Weekly Standard for advancing the cause in a very good column. I can only hope that there are enough voices on the Left to see that dialogue and making common cause for freedom are goals worth pursuing.

Iraq’s Government

By on 4.24.06 | 3:09PM

I've been travelling, so maybe I've missed something, but it seems like the news that the Iraqis broke their deadlock and formed a government this weekend has been wildly underplayed. Thank goodness for Iraq the Model: Omar reports on Saturday's session of parliament here. And Mohammed looks at the next steps in the political process here.

Today on the Hugh Hewitt Show

By on 4.24.06 | 3:06PM

There's a whole lotta SGO today, and we'll be covering the top stories on the Hugh Hewitt Show while Hugh appears on Comedy Central's Colbert Report.

We'll be talking about the CIA martyrdom operation by Mary McCarthy, the president's speech today on immigration and the war, UBL's latest video love note and a whole lot more. Listen in and call in on 800-520-1234. See ya on the radio.

Re: New Orleans Golf

By on 4.24.06 | 2:53PM

Quin:

That's a puzzle, and I share your concern that more top players haven't signed up for English Turn. Of course, it's scheduling isn't as attractive as it used to be. That notable 1995 tourney that Love won to get into the Masters (Crenshaw's miracle) took place the week before the Masters. And New Orleans, if I'm not mistaken, has been moved around several times. That tends to dampen commitments.

On the positive side, the PGA TV promos for New Orleans are some of the best I've ever seen.

One of these days when I'm healthy, let's play.

Energy idiocy

By on 4.24.06 | 2:42PM

Here's a note to add to Dave's excellent post earlier today. It's a paragraph from yesterday's Wash Post "Sunday Briefing" section: "The White House had hoped to win permission this year for oil and gas drilling off the coast and in the Alaskan wilderness. But $3 per gallon gasoline and record oil company profits have now generated such a backlash that any bill favoring the energy industry is unlikely to pass."

New Orleans golf

By on 4.24.06 | 1:50PM

Okay, I know that I may over-write about two of my favorite cultural obsessions, golf and New Orleans, but I just have to get this off my chest: Too many stars of the PGA Tour are skipping this weekend's Zurich Classic, the New Orleans Tour stop being played at the Nicklaus-designed English Turn club (where I was a member for 12 years). As everybody knows, New Orleans really needs a boost, and the Tour was terrific in committing to return to the city soon after the hurricane. But too many of its stars haven't come through. Tiger Woods has NEVER played in New Orleans, and apparently couldn't even be bothered this time despite the good he could do for the suffering city. (Note: Tiger's father is quite ill, so he now may not play ANY tourneys between now and the US Open, and my wishes go out to him and his family. But even before his father's condition became a serious issue, Tiger wasn't planning to play New Orleans. Hence the rasberry for him.) Vijay Singh won there just two years ago, but he's skipping it. Ernie Els is skipping it. Ditto for Sergio Garcia.

Pages