As everyone should be aware by now, we (as in the whole United States) are poor.!! Its no longer just a money issue but the lack of integrity and a over consumption of self interest. How did this happen anyway? It seemed to hit us out of nowhere. The consecutive downfalls of huge financial institutions starting from bear stern. It still shocks me of how our almight government didnt foresee this. While executives of the companys receive bonuses on top of their outrageous salaries, thousands of workers are getting laid off. Then the exec's pretend to be clueness as to why their company is falling into the slums. Maybe if you laid off the private jets and thousand star hotels and come back to earth you wouldnt need to go the already broke government to ask for billions of dollars to bail your company out of backruptcy!
Its everyone for themselves. My Accounting teacher told me that that less then 10% of the people of the world hold 80-90% of the wealth. WHATS UP WITH THAT? So the rich get richer and the poor get poorer? We're a democracy i get it! But what good is a democracy if this issue is not being addressed and taken care of? Im not suggesting that we become communist, because i believe people who work harder for their money should get more. But what is the definition of more these days? 1 million plus a year for big executives is crazy! How about your workers?! How about the less fortunate? The Ceos of the big 3 (GM, Chrysler and Ford) and the nerve to go to congress and beg for a 25 Billion bailout while they rented a $20,000 private jet to get to the meeting. $20,000 is probably approximately the whole years salary for 1 employee!
Its sick, personal interest and greed as damaged our country as a whole to this extent. I dont believe that the government should bail out anyone. They got themselves into this mess and they should get themselves out. Its obvious their business ethnics werent working. If they were to go bankrupt, the negative effect will only be for the short run. Eventually a better evolved institution will replace them. The government prided itself in being a capitalism, why the change now? Didn't the Chairman of the Treasury admit his fault for interfering with the interest rates? Why interfere more? LET IT BE DAMNIT. .... Im sorry for my language, I guess i have a strong opinion on this matter. Others may agree or disagree, everyone is entitled to their opinions.
- American child
again i still don't understand why they didn't hand out the bailout plan to registered voters?
i can't get over that.
i do not think GM should get a loan. they should be punished for what they knew was coming to them but did nothing about it( that is just lazy)