The Smartest Guys in the Room – Hank Paulsen & Corporate America

Are Governmental officials and executives of Corporate America stupid or just really bad people?

Globalization, unregulated free trade, open borders, resistance to eliminating an oil based economy are all parts of the disaster known as Reganomics. Larry Kudlow calls it Cowboy Capitalism. All of the supporters say this is the free market. That is like saying that a Volkswagon with Rolls Royce body kit is actually a Rolls Royce. Free Market requires that all costs, direct and indirect, are included in production costs. What we have today is the US taxpayer’s money being spent to subsidize foreign goods to increase corporate profits. Just think if all the costs of a barrel of oil including State Department, Department of Defense, and others were actually included. We would find that other sources of energy would be considerably cheaper. However that would hurt Big Oil’s bottom line.


In the last couple of weeks we have had numerous examples of inappropriate cost accounting. One of the primary reasons why Chinese goods cost less than US produced goods is that corporations can produce goods without controls and use ingredients that are illegal here in the US. Why are they illegal? They are illegal because they kill people. Just think about the Colgate toothpaste.




When price is the only concern the quality of products is reduced. Look at the most recent tire recall. You just changed your tires because you want to take care of your family and those around you. You are traveling down the expressway at 70 and pop. The tire disintegrates!



If a dummy like me can understand the cost of producing goods these people who have been so successful in their lives must know everything I know. I cannot believe that these Harvard grads cannot see past the end of their nose. This leaves only one conclusion. They do not care how their actions influence those around them. In my book, since I do not think they are stupid, I can only assume they are bad people, without principle or scruple. They are willing to exchange human life for their bottom line.