The Bail Out Lie is Over, Let's End the Corruption Once and For All.
By ParaTed2k
@ParaTed2k (22940)
Sheboygan, Wisconsin
December 22, 2008 6:17am CST
The banks are in trouble, so they turn to the government for help... then they refuse to disclose how the Taxpayer's money is being squandered. They say they don't know because they can't keep track. Isn't it the JOB of banks to keep track of money? This is about the same as a Chef insisting he doesn't know what goes into his dishes.
The Big 3 are in trouble, so they turn to the government for hundreds of billions in "bail out" money. The Unions insist that the bail outs are needed so the union members don't have to make consessions in their overbloated and completely dishonest contract demands.
Not to be out corrupted by the banks, the Big 3 or the Unions, Governors and State Legislatures are hopping on the Begging Bandwagon, insisting that if the Federal Government doesn't include them in on the Bail Out Billions then bad things will happen to us all.
It's time we all put real pressure on our Representatives, Senators, Governors, Legislatures and both Prs. Bush and Prs. Elect Obama to end it once and for all. The Bail Out Boondoggle has proven to be nothing but a buy out.
Those of you in Pelosi and Reid's District and State need to get off your butts and put major pressure on these THIEVES!
1 person likes this
4 responses
@uath13 (8192)
• United States
22 Dec 08
Your not kidding. The big 3s excuse of "Give us money or we'll have to lay off thousands" doesn't fly. Nobody is buying their products. What are they going to do keep a workforce to produce stuff nobody is buying ( or able to buy as the case may be )just to have it sit on a lot & rust? They'll take the money , line the pockets of the upper management then lay the workers off anyways. The companies need to realize these overpaid MISS managers are one of the major causes of their problems & get rid of them. When your company is going bankrupt a $500m a year C.E.O who has made the decisions that put your company into this situation is a good place to start cutting.
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
22 Dec 08
I agree with everything here, except the part about people aren't buying their products. The Big 3 have 14 of the Top 20 selling vehicles in the US. We are buying their products, which means it isn't the product that's the problem... it's the management and union members.
@uath13 (8192)
• United States
22 Dec 08
14 of the top 20 doesn't mean much. You if only 100 cars are selling that year your only selling 70 & that's if they're all selling evenly & the top 1-6 aren't already gobbeling up 80% of the sales ( in which case it could only be 14 cars sold ). That's still 14 of the top 20 but your still going out of business. Charts & statistics like that are misleading when you don't have the full picture. Btw, look at which ones DO have the leads & are taking the greatest % of sales, they're foreign.
Total car sales are down because nobody has money or can get financed.
@ParaTed2k (22940)
• Sheboygan, Wisconsin
22 Dec 08
Sales are down over the lasts few months but for most of last year sales were going well. US auto makers do very well in sales, but because of mismanagement, and unreasonable demands from unions and the government the benefits of great sales is gobbled up.
This has nothing to do with the product (although I agree they could be better), it has everything to do with unreasonable demands. So let's cut out the unreasonable demands and let the market do its job.
1 person likes this
@anniepa (27955)
• United States
25 Dec 08
I think it's an absolute outrage that these banks that have gotten billions of dollars can't or won't account for what they've done with the money yet they're still flying around in their corporate jets and handing out their huge bonuses. Not to mention companies like Goldman Sachs who recently got $10 billion from the government but will pay an effective rate of 1% in taxes this year because of moving their business offshore. Things like that are what we should really be pi$$ed off about.
The unions and their demands are part of the problem with the automakers but only a part, not even close to the whole problem. The foreign auto companies haven't been around in the U.S. for that long so obviously they have a younger workforce with far fewer retirees, that's why the total paid in compensation and benefits is smaller than it is for the UAW workers. I think it's probably easier to live on $27/hour in Kentucky than $30 in Detroit.
Sorry about the rant but I'm confused as to why some people are more upset about giving a relatively small amount to middle class working people than they are about giving many times more to millionaires who were themselves responsible for their business going broke!
Annie
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
25 Dec 08
It's not a matter of either or. The problems that led to this situation are from decades of corruption, mismanagement and unreasonable demands from management, labor and the government.
We can't just point fingers at one and say, "the others were bad, but yours is the worst."
The lazy thief sitting around the "jobs bank" doing crossword puzzles and playing games is no less corrupt than the executives who abuse their positions. The only difference is the amount of money involved. Neither can claim to be honest, honorable or ethical, and both share in the blame equally.
The government has been no better in this. State government has taken the corrupt demands of the unions and codified them into law. They have misused unemployment insurance funds to allow UAW members benefits that no one else in the state have access to.
The government is also at fault for making unfunded mandates on domestic car companies that do nothing for the product, the consumer or the company, but come at huge cost.
You are right, so many people target one group when they shouldn't. It took the corruption of all the groups involved to create this kind of mess.
@xfahctor (14118)
• Lancaster, New Hampshire
23 Dec 08
I'm still dumbfounded about it all. I am still comming to terms with T.A.R.P.'s passage. while it's true people in Riede's and Pelosi's districts should be hounding them incesessantly, what also needs to start happening is people in the DC area should be protesting in masses at the capitol, wht whitehouse and the federal reserve. People should be beyond angry about this, this is the type of thing revolutions are started over. I'm not advocating an outright revolt mid you, but cripe, where is the outrage? The people of this country aren't going to take much more of this.
1 person likes this
@AnandMohan72 (44)
• United States
23 Dec 08
Yep, the government is full of thieves, stealing our hardearned money. We need to demand from our representatives that they are the ones responsible for the bailout as they are the ones determining which companies the monies go to. Let's hold our representatives responsible!
http://www.conservative-voice.com
