The Cody Word
  • April 27, 2009 12:23 PM EDT by Cody Willard

    People, we have to fight these people in power!

    Ever since I was in college and I started studying economics, I've had a dream of somehow showing in a very simple equation that there's a direct correlation between the fundamental ethics of the laws in a society and its prosperity.

    It seems to me that it's pretty clear that "more trade" = "more prosperity"...every great economy (from the Egyptians to the Greeks to the US in the last couple hundred years) has been built with the excess wealth of merchants and businessmen and innovators. The government's job is to create ethical and fair laws that allow individuals and businesses to develop on their own, in private transactions, and to enforce those laws when they're violated. Knowable, fair, ethical execution of knowable, fair, ethical laws creates confidence, which creates investment and economic activity among everyone in the society.

    And you know, that's really the big kicker of the last several months of this endless unknowable, unfair, and unethical execution and unknowable, unfair and unethical laws created by the Bush/Obama/McCain/Pelosi Republican/Demcorat regime.

    As you can see in the clip above from September 10, 2008, the day after Bush/Obama/McCain/Pelosi forced TARP down the public's throat despite an overwhelming majority of Americans being against it, I've been warning and, well, outright FREAKING OUT about the slippery slope of unfair and unethical corporate bailout culture since Paulson/Geither/Bush/Obama and almost EVERY single member of the Republican/Democrat regime started changing the laws and even the very premise of our country's system: rewards go to those who were smart with their money and their property and that losses go to those who were stupid with their money and their property. That's called FAIR and ETHICAL.

    Instead we now live in a society where laws are made and broken and changed ad hoc, after the fact and with no representative oversight by a bunch of really rich, well-connected, clubby classic "good ol' boys" network in the Treasury and the Fed and the FDIC -- none of which look anything at all like they were chartered to look like and certainly nothing at all like they looked just last summer before the Republicans and Democrats in power started confiscating real money in the private sector and/or printing fake money in the public sector to hand out in tranches of TRILLIONS OF DOLLARS to ONLY the largest, most well-connected corporations in this country and overseas.

    On a related note, I'm not surprised, but I am confused by the mainstream media's relentless painting of me as either a liberal or a conservative or as a Republican mouthpiece or as a Democrat-loving Obama voter, all of which I’ve been called repeatedly on the Internet in the last week. Let me be clear once again -- I didn't and will NEVER EVER UNDER ANY CIRCUMSTANCE vote for a Republican or a Democrat. I will not choose to vote for the lesser of two evils because I do not want to vote, much less tolerate, evil.

    The latest news that our current Treasury secretary Geithner actually was offered the CEO job at Citigroup (C) by the company's biggest shareholders just weeks before he doled out $45 billion in outright welfare infusions for the Citigroup's shareholders is just another example of the outrageous conflicts of interest and clear unethical, unfair actions and laws from the Republican/Democrat regime that has created this anarchy. Remember back in November when I pointed out that Vikram Pandit considered the taxpayer and Citigroup one in the same:

    Want proof of the blurred lines between the richest bankers in the world and the guys who were and are supposed to be regulating them…using LAWS? Here’s a quote straight from the crook Vikram’s mouth on television (public television…yeah, Vikram used welfare money to broadcast his explanation of why his company has taken in hundreds of billions of dollars of welfare this year so far) last night (italics are mine):

    Vikram Pandit:

    “That’s important. And we also put in another 20 billion of capital, and we are delighted. It’s great to have access to that capital. That in our view more than covers issues that might come up against the assets that we own and the loans that we’ve made going forward. So we’re extremely confident in both the earnings capacity of the company and our ability to manage —”

    Who is the “we” in that paragraph?!

    We also put in another $20 billion of capital…” Does it seem to you guys that Vikram now sees the Treasury and Federal Reserve capital (you know…the taxpayer’s capital…YOUR capital) as one and same as Citigroup’s?

    Bank of America (BAC) and John Thain can't keep their own stories straight any more and each are trying to use the mainstream media to make their side of the story sound okay and fair and ethical. You really think we, the people, are ever going to forgive these jokers for taking welfare money and handing out billions in bonuses with it? It's not okay, it's not fair, and it's not ethical and it never will be.

    As I have warned repeatedly throughout last year and this -- these unfair and unethical actions and laws are creating a crisis in confidence that won't be fixed until these unfair and unethical actions and laws are stopped. It's that easy. These welfare infusions and welfare loans and welfare guarantees for corporations are resulting in government ownership of business (fascism, by definition) and increased government control of business and labor (socialism, by definition) and even chaos in the economy (anarchy, by definition). None of that will help our economy or our stock market. I am going to continue to fight the fascim and the socialism and the anarchy every day. I hope you will too.

    People have spent their whole lives being told by the mainstream media and the Republican/Democrat regime in power that this is "just the way it is".

    It doesn't have to be this way. People, we have to fight these people in power.

Social Ethics and Prosperity: Direct Correlation « Just Americans Making Ethical Statements Weblog

[...] Social Ethics and Prosperity: Direct Correlation Jump to Comments People, we have to fight these people in power! [...]

May 2, 2009 at 9:41 am

fran

I want to thank you and others for the quality of your journalism. My reason for contacting you is to alert you to the fact that LA Fitness corporate offices are censoring FOX News on their in-house televisions (most clubs have 10-15 insite). I contacted a manager yesterday who told me that "2 months ago, corporate 'mandated' that the club broadcast ONE news show ONLY, and that the powers that be have decided it will be CNN." They also "locked" the room at the local gym facility where employees could heretofore manully change channels to prevent FOX news from broadcasting. They have further, expressly forbid employees to broadcast anything other than CNN, ESPN, and ONE local channel with a drama (CSI Miami, in this case). I'm in the process of trying to remediate the situation, but would love some help. I suspect that the LA Fitness debacle is the tip of the iceberg of Obama censorship. PLEASE PASS THIS ON.

May 1, 2009 at 4:23 pm

Tim

Get together in your state and start hitting congress where it hurts; in the wallet. Also, go to you're Rep's "town hall" meetings with a camera, ask him the proper questions and FILM them. Post on the net, nothing like accountability!

April 29, 2009 at 1:30 pm

JackT

Power has not only been corrupted in D.C. but also in the board rooms of all the media giants. Supposed news outlets have only become mouthpieces for 'the regime'. We cannot 'Expose', without media concent.

April 29, 2009 at 12:36 pm

JoeM

First, fully agree. For some time now I have only voted within my state, Indiana. Newton's cause-effect Third Law is still in operation as is the Simple Gravity Pendulum model. It can be argued that the pendulum's swing toward greed and governance away from the people at the center really started to take off during Bush 43's tenure. As I see it, nothing of consequence has changed in that regard with Obama. Right now the pendulum is nearing an extreme as the center wakes up to what is really going on. This swing cannot last. It is only a question of what form the swing back to the center will take. A term I have coined for Obama's complicity in outward swing is OTOBI: The “Obama Theory of Business Influence” (OTOBI): Own control of enterprise, use as needed for political purposes, take no responsibility for decisions within enterprise, control decisions around enterprise.

April 29, 2009 at 11:53 am

crusty

There are several problems we will never be able to fix short of revolution 1) The parties pick the canidates and " We the people" can't do a thing about it. 2) The media is in the pockets of the politicians. 3) The government officials will never allow us to have a term limit law. 4) as long as there are lobbyists working from behind cover, the money will buy influence. 5) The elected officials are our employees but we can not fire them. They think they are in charge, in fact they are psuedo royalty and we can't do a thing about it. 6) As long as the voters can be bought, with welfare programs, the same corrupt officials will be in office. Viva La Revolution

April 29, 2009 at 10:46 am

Bob Smith

It's not rocket science. Two term limit to any federal post and all of this corruption and unethical behavior would disappear. You wont be in office long enough to get fat off of the taxpayer dime or the corporate lobby.

April 29, 2009 at 10:37 am

Frank

Cody You definately have it pegged, the congress is definately playing right into the NEW WORLD ORDER, that the socialist and obama wants, wouldn't suprise me if obama gets them to pass a law taking off term limits so he can be made president for life like chavaz, one of his two new best friends

April 28, 2009 at 10:59 pm

Brian

Only one thing has any chance of constraining the corrupting influence of power in Congress, and that is TERM LIMITS. Let's get on it, folks.

April 28, 2009 at 7:44 pm

People, we have to fight these people in power! « The View from Southern California

[...] People, we have to fight these people in power! Posted on April 28, 2009 by narrator76 People, we have to fight these people in power! [...]

April 28, 2009 at 3:55 pm

atlmover

Cody- I can't wait to see what happens in the first new major labor negotiations between Chrysler owners and it's employees. As of today if Chrysler survies it's new majority owners will be the UAL....how in the world did that happen? So in effect the labor union will be negotiating with itself on what to pay itself...makes sense? Who do they complain too? Ford you might want to watch your back because they will need to take you down to ensure you don't make them look bad. It seems like the economy is like a battle ship that is steaming along into a tsunami and no one will turn the weel to safety. In some ways I wish i did not pay attention it would make life easier.

April 28, 2009 at 3:10 pm

Bert

More good news today -- at GM the bondholders will be given a minority share of stock, the UAW gets 40% and Arlen Specter switches parties. Proof of two things -- obligations no longer are that and the express train to socialism just got on a long straight down-hill grade without any brakes (the Senate).

April 28, 2009 at 1:19 pm

6ftrabbit

Is there anything promulgated from Washington or the media that wouldn't serve to make my garden grow? It all smells like manure to me.

April 28, 2009 at 1:12 pm

Louis

John Emerich Edward Dalberg-Acton must be turning over in his grave. Not only is his dictum "“Power tends to corrupt; absolute power corrupts absolutely. Great men are almost always bad men.” thoroughly validated by what we see happening, but his very prescient observation "The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." seems to be flowering in our midst as well. It's us versus them, vote the bums out.

April 28, 2009 at 9:51 am

richard o.

If I say I don't like something the Democrats do, all of a sudden I'm a Bib`le Belt Republican. If I say I don't like something the Republicans do, all of a sudden I am a Hollywood Democrat. One of the problems we have in politics today is that so many vote for the party, regardless of the character or integrity of the person running. Republicans and Democrats are 2 sides of the same coin, but they are still the same coin. I have seen this economical inc`est happening and am baffled that none seem to mind. You talk about it and are lamb`asted from the media. It seems like the media are part of the in`cest now. I also heard something that I liked. You said, "I will not choose to vote for the lesser of two e`v`i`l`s." What was said was, "When you vote for the lesser of two e`v`i`l`s, you are still voting for e`v`i`l."

April 27, 2009 at 7:50 pm

Scott Denham

We get the government we deserve, when voters get smarter (more responsable) we will vote for more responsable politicians,stay on message you"re launching the change back to a more responsable culture and eventually prosperity, you are killing it, stay on message.the kids get it. Scott

April 27, 2009 at 7:49 pm

richard o.

If I say I don't like something the Democrats do, all of a sudden I'm a Bible Belt Republican. If I say I don't like something the Republicans do, all of a sudden I am a Hollywood Democrat. One of the problems we have in politics today is that so many vote for the party, regardless of the character or integrity of the person running. Republicans and Democrats are 2 sides of the same coin, but they are still the same coin. I have seen this economical inc`est happening and am baffled that none seem to mind. You talk about it and are lambasted from the media. It seems like the media are part of the in`cest now. I also heard something that I liked. You said, "I will not choose to vote for the lesser of two evils." What was said was, "When you vote for the lesser of two evils, you are still voting for evil."

April 27, 2009 at 7:47 pm

Robert H

Give it to em, Cody. Power has absolutely corrupted...and always will. My father was President of the AFL/CIO for almost 20 years, in one of the 4 largest states. It was during an era when Democrats actually stood for something. After college, I became a small business owner and switched to the Republican party (Reagan Democrat). During that time, Republicans actually stood for something. No more. The only thing that matters is power and money. Even though it will be a lonely fight, know that there are a few of us standing firmly behind you. Rail on, brother.

April 27, 2009 at 6:47 pm

Pete

Good observation on the correlation between the laws of a society and it's prosperity. Agree completely. But over a longer period, there's also a direct correlation between the ethics of our society and the actions of our government. Just as it should be. so there we are.

April 27, 2009 at 4:50 pm

dara2K

Cody, your “direct correlation between the fundamental ethics of the laws in a society and its prosperity” is an astute theory and admirable. However, not wanting to dash your optimism, I have lived long enough on this earth to know it doesn’t and will never exist in totality. I implore voters not to be “knee-jerk” and explore all party options. However, don’t let your convictions keep you from voting. That’s not a promising outlook in our democracy. We have no provision in this country of majority rules unless the majority hasn’t voted. Successful democracies survive on compromise and the optimism of a people who want better. Cody, you are fighting the good fight but extremes are dangerous even in the most honorable intentions. Fight on, Cowboy!Loves to Lobo!!

April 27, 2009 at 4:44 pm

NORTHWEST IOWA

CODY: THIS IS WHAT WE GET BY PUTTING OUR HEADS IN THE SAND FOR SO MANY YEARS! WE HAVE POLITICIANS WHO HAVE A "BIRDS NEST ON THE GROUND" AND ABSOLUTELY NO SKIN IN THE GAME YET THEY ARE ALWAYS MORE WILLING TO TAKE RISK WITH OUR MONEY AND CHANGE LAWS TO PAD THEIR INTERESTS. WE NEED TERMS LIMITS NOW...THESE ARE NOT PERMANENT CAREER JOBS! KEEP UP THE FIGHT AND REMIND THESE PRO-LITCIANS THAT WE VOTE!

April 27, 2009 at 4:33 pm

Pamela

A definition of "unethical" may just be "should be against enforced law but isn't". The only way to fight unethical behavior is with the court of public opinion. Expose, Legislate, and Enforce. Without the court of public opinion, being unethical is just being smart enough to beat the system. Keep holding court Cody, your country needs you. btw, GNP = (workers * productivity) where workers = (population employed by private sector + productive government employees which at present stands at 6 engineering and biology professors and half the military) and productivity = (potential annual value added per worker - (.5 * #union workers) - (.2 * #workers who heard about bailouts) - (.3 * #workers who think their boss is unethical) - (.9 * #workers who now think they have the flu))

April 27, 2009 at 3:47 pm

Irv

Would it be possible to prosecute government officials for purjury, if they took an oath to uphold and defend the US Constitution, and then violated that oath?

April 27, 2009 at 3:22 pm

ralph h

Cody, you must expose the FED. Ask him to explain the FED. If he cannot do so, you know how inept he is.

April 27, 2009 at 1:15 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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