We need to get back to business of business

A "Car Czar" is being created in Washington, D.C., to lord over our automobile industry.

The coronation of our "Pay Czar" gives Washington the power to limit the executive pay at many of our nation's largest corporations.

This is America — home of democracy and capitalism. Where is the law to crown these monarchs? Where is the due process to ensure our representation? What gives the government the power to transfer trillions of dollars of wealth? Where is the power to usurp and centralize authority to create this autocracy?

The "Invisible Hand of Capitalism" rewards success and punishes failure. The most efficient allocation of resources has always been the free-market system. Few controls are necessary to provide an even playing field (maintain confidence). The role of the government is to preserve and to protect our citizens. When did that role become "bailouts" and "saving jobs"? I can't even define those terms. When is a job "saved" versus "created"? When is it a "bailout" and not a "subsidy"?

It's time for Americans to get back to the business of doing business. Government needs to get back to serving and protecting the people. You make a bad loan, you lose. That's the way life works.

You want to limit executive pay? Extend the planning horizon. Reward executives based on their performance over a 10-year period and motivations will change.

The answers are simple. But these answers require sacrifice and patience. These new "Czar" positions create nothing but another line on the resume of some future lobbyist.

I know; I just don't appreciate the magnitude of the problem. Well, think of what flooding the world with trillions and trillions of dollars will do to the value of our currency, and you'll begin to imagine the magnitude of this "solution."

One last question: If all television is broadcast in HD now, why should a cable/dish company charge extra for HD? See what happens?

Jon Maffei
Woodbridge

Reader Feedback

abby wrote on Jul 19, 2009 4:12 PM:

" A very masterful letter. You are a very informed writer and SO CORRECT ON EVERY POINT. Please write more articles for this paper. "

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CaPatriot wrote on Jul 18, 2009 10:44 AM:

" @ Jon Maffei---This right wing nut agrees with you..this adminstration is choking free enterprise. Why should he care- I'm sure he doesn't have a 401 K- he's never had a real job. And yes, my veins are starting to pop, and my face is scarlet. Every day a new surprise- page six of the Healthcare bill- illegal to obtain your own private health insurance if you don't already have it. There's a real business friendly approach. go to www.lodicitizensinaction.com and come to our next meeting.You're invited too Mr.Rubin- it's still a free country (so far) "

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Billy Rubin wrote on Jul 18, 2009 10:24 AM:

" The wing-nut conservatives have been reduced to screaming themselves hoarse repeating any lie they can dream up.

After reading the spitting, purple-faced, vein-popping idiocy of Maffei's letter, all Jerry Kimono can bring himself to address is HD TV. "

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Jerome R. Kinderman wrote on Jul 18, 2009 9:46 AM:

" Mr. Maffei, I think you're confusing HD TV with Digital TV. Not all television is currently HD. On cable and satellite you can watch both, but if you want the clarity that comes with HD, you've got to pay more; and you also have to have the additional equipment from them and a special TV with which to enjoy it. "

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