Nov 23
Auto Industry Bailout
Ok the deal is I'm a big CEO sitting in my comfortable soft leather cushioned pivot & reclining chair within my office with more square footage than most small condos.
I'm thinking, given our National Government just forked over an insane amount of money bailing out an undeserving Banking Industry where Bank of America admitted on National TV that their Bank didn't need or want the money but was essentially forced to take it, while our profits have become extremely bleak due to all of the ego driven huge over zealous gas guzzling SUV's we've been pushing to an environmentally blind American Consumer who demonstrates an unwillingness to compromise their personal comfort for the good of the Nation. We should go to Washington and get some of that free money because Daddy needs a new pair of shoes.
Yep, that sounds overly simplistic no doubt however it's very close to what we face as a Nation. The CEO's of the large Auto Makers are banking insane amounts of salaries while at the same time crying the blues about how their companies are going Bankrupted. None of these CEO's have extended a willingness to reduce wasteful spending nor do they present Congress with a plan that would insure a sense of well-being that the Tax Payer's money would be well spent.
And to add insult to injury, none of these CEO's have indicated a willingness to forfeit or reduce any of their personal incomes and/or sell off their private Jets to help fund their self-created crisis.
So what do the Tax Payers do? Or maybe a better question is, what authority do we have as Tax Payers in allowing or refusing to allow their Government Representatives the ability to determine if this money should be forked over? "The answer my friends in blowing in the wind", to quote Bob Dylan . It has become obvious to me that Congress has what it thinks is a bottomless Well of Money to snatch from without recourse.
Why would I suggest 'without recourse' ? Well 'We, the People' are constantly reminded of how powerless we are when it comes to Congress simply because the truth about Politics is not common knowledge. CEO's of large corporations contribute huge sums of money to political campaigns for one purpose only, those contributions have little to nothing related to a CEO's passion about a particular Candidate but moreso what that Candidate will provide for them when they call in their chips. Take for instance Tobacco & Alcohol, those two items are nothing less than enormous killers within our Society and yet neither have been banned for the safety of our Citizens. Oh yeah, Congress has items such as Marijuana outlawed that completely baffles me given Marijuana is no where near a safety factor as Tobacco and/or Alcohol. Death & Injury related to Alcohol and Tobacco are so far & above what Marijuana related deaths are, it's not even worth quoting statistics. If you add up all death or injuries directly related to the use of Marijuana over the past 10 years, won't even scratch the surface of what Alcohol related deaths & injuries are in 1 year and we all know how many deaths are related to Tobacco in 1 years time and yet neither of these Killers being deemed an unlawful substance by Congress ever gets to the Floor for a Vote. Why is that ?
Well my friends, for the same reason Congress is ultimately going to give the Automakers the undetermined amount of money they are now seeking from our pockets. So not only do we have to shell out tens of thousands to buy a vehicle but we're also financing the making of them as well. American Tax Payers are dumb & dumber, this is a well known fact that Congress banks on.
We started this Country based upon unfairness of taxes levied on us by Great Britain back in the mid-1700's. The Boston Tea Party was a show of solidarity by the Colonies against Great Britain’s abuse of power and here we are once again but we are now afraid of exercising the Rights & Freedoms the victory in 1776 stood for.
When are we going to say once in for all to Congress, “We want Congress to enact the Will of the People not the Will of Congress be enacted upon us”. Bailing out the Auto Industry during this time of economical crisis must not be without the CEO’s of these companies forfeiting their personal and private luxuries, lavish perks and unreasonable salaries. When you consider the arrogance of a CEO flying to Washington in their private Jets, begging for Tax Payer’s Money without a plan of action as to what this money will be used for, is nothing less than a spit in the eye of American Tax Payers.
This is what I feel we should think about above all else.
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12:40 AM Nov 26