{"id":8150,"date":"2009-02-24T22:35:33","date_gmt":"2009-02-25T03:35:33","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=8150"},"modified":"2009-02-25T07:17:32","modified_gmt":"2009-02-25T12:17:32","slug":"im-thinkin-my-email-is-not-working","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=8150","title":{"rendered":"Kerry wants to regulate corporate fun"},"content":{"rendered":"

In the Wall Street Journal<\/a> this morning they recount the story of fully profitable Northern Trust who accepted $1.6 billion in TARP money and last week decided to continue with their sponsorship of a PGA event called the Northern Trust Open. It probably wasn’t a good idea to test the regulatory waters like that in the current political environment, but John Kerry’s reaction is a bit over the top. <\/p>\n

Senator Kerry’s solution to this “idiotic” decision is to outlaw fun. “Kerry’s TARP Taxpayer Protection and Corporate Responsibility Act,” the Senator’s press release announced, “would prevent any recipient of TARP funds from hosting, sponsoring, or paying for conferences, holiday parties and entertainment events.” Penalties would include fines and forced reimbursement of TARP funds. A bank could still throw a party for customers, provided it gets a “waiver” from the Treasury Secretary, who has 30 days to issue his golf and chardonnay diktat.<\/p><\/blockquote>\n

Having spent some time among the moneyed class, I know that there is a return on an investment like Northern Trust’s wining and dining clients and employees, otherwise, trust me, they wouldn’t do it. Yeah, it was probably wrong to do it just now and give some ammo to the emotional Democrats (who are well-versed in the concept of tossing money around just for fun – but not for you and me). <\/p>\n

However, Kerry’s solution is just ridiculous – it’s the governmental equivalence of asking teacher if you can go outside for recess. It’s also indicative of how Democrats see the world full of circumstances that they can regulate. And I’m pretty sure the Secretary of Treasury has nothing else to do but investigate and approve every little event some financial institution wants to involve itself in. <\/p>\n

I wonder if Kerry would like that kind of scrutiny on his own office expenditures.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the Wall Street Journal this morning they recount the story of fully profitable Northern Trust … Kerry wants to regulate corporate fun<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,47,52],"tags":[],"class_list":["post-8150","post","type-post","status-publish","format-standard","hentry","category-economy","category-liberals-suck","category-usual-suspects"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/8150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8150"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/8150\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}