Wednesday, November 19, 2008

WTF??


Let me get this straight, you need to beg for some money and you come to the door in opuluent splendor?! Does anybody else see something wrong with this picture???

The CEO's of the big three American car companies rolled into Washington DC today (Wednesday, November 19th), via their private jets, to ask for loans from the federal government to save their companies. Those car companies that these same CEO's mismanaged so badly. How dumb can you be? I am of mixed minds about giving the loan, though I heard on the news that this loan would only amount to 3% of the entire $75 billion federal bailout package.

Speaking of which, what is happening with that money? Where is the accountability? Why do I feel like this $75 billion is just a kickback from President Bush and Henry Paulson to their pals at AIG and in the banking industry to go on spa vacations and buy their fourth houses in Aspen?? Does anyone else sense this money will never be seen by the everyday man?

Also, why is that when Wall Street or Corporate America needs hundreds of billions of dollars to fix a self-inflicted problem, the federal government can get the money to these companies, but when there is talk of providing health care coverage to all Americans, suddenly the federal governement is broke? When we have to go to war, no problem, plenty of money, but speak of reducing student loans...oop sorry, fresh out of cash.

Is it because they have never been poor that the rich men who seem to rule this country can't empathize or understand the plight of everyday Americans? Or is just the basic human need to protect your friends and for everyone else, who cares it is each man on his own??

13 Comments:

Blogger Marmite Breath said...

I don't understand it either. If you can afford private jets, you must not be hurting that damn bad!

11:05 PM  
Blogger Brenda said...

My husband is losing his job the end of January and we'll be back to robbing Peter to pay Paul; like the last 38 years of hard work didn't exisit. His soon to be ex boss is building a 2 million dollar home.

11:24 PM  
Blogger Molly Malone said...

oh, yeah. i totally agree. i know what you mean.
immunizing children? improving roads? building levees? properly outfitting our troops? sorry folks, we just can't afford it, and if we could that would mean we'd have to RAISE TAXES (cue frightening music). what's that corporate-loophole jerkoff? you need $700Billion? why, we have that money - and more - right here!

i'm of mixed minds of these bailouts as well. we can't let millions of people lose their homes - even if they were dumb enough to think that they could afford $500K homes on $30K a year. it would just tank the economy even worse. and we have to stem job loss. but these wiping the asses of these irresponsible rich bastards makes me ... profane, evidently.

i'm particularly mad at the car industry. they're whining that if they don't get the bail out, they'll have to file bankruptcy and 1) no one will buy their cars and 2) they'll have to liquidate. BULL-and-SHIT. we ALL fly on bankrupt airlines ALL.THE.TIME. there's a difference, you sniveling Detroit robber-baron, between chapter 11 and chapter 7. learn it. use it. how's about this? you top cats lose your jobs. the new guys who come in have their salaries and benefits are tied to those of their workers like Ben&Jerry did and like Japanese CEOs do and your salaries are also based on commission like the poor joes on the lots who have to sell your guzzling, lemony jokes you keep pushing on us?

aarrgghh. Molly angry! Molly tear table with her teeth!

7:25 AM  
Anonymous Trisha in Arkansas said...

I TOTALLY agree...you want to beg for taxpayer money, yet do not want to give up the luxury of flying in a private jet. And they had the NERVE to say it was for safety reasons...well, if commercial flights are safe enough for us poor working class people, then they should be safe enough for you too. Perhaps if they had not spent all their money building environmentally UNFRIENDLY, gas guzzling SUVs that only a certain class of people could afford, then they wouldn't be in this situation. And BTW..it was $750 billion...and that doesn't include the extra $140 billion in pork that had to be added so that the Republicans would pass it. AND there is SUPPOSED to be oversight..which I am confused, because no one seems to know where the money is! And banks, who got a big chunk of this bailout, are turning profits because they are hoarding the money and not using it in the manner it was intended. I am also mixed about helping out the housing sector..I am all for helping those who legitimately wanted to buy an affordable home, then maybe lost their jobs or something and need the assistance. However, if you bought a home you KNEW you could not afford, then I'm sorry....I rent an apartment..no one is helping me buy a home. I haven't bought one because I CAN'T AFFORD to buy one!
Thanks for letting me vent!

9:27 AM  
Blogger mommanator said...

I can't agree more! with you and the commenters! Hey every American is having financial trouble right now except the super wealthy! The simulation package phew-that helped! HAHA I am so afraid that the government is selling us down the river and we will never have a paddle to get back!
Time will tell I suppose, but I hope before all my savings are down the drain!

10:35 AM  
Blogger JoeinVegas said...

Evidently congress noticed the planes too, it's what was in our headlines today, as our senators gave up on trying to allocate money to Detroit. So we will see if GM does file next month.

11:40 AM  
Blogger Merci said...

I am outraged that these CEOs and our government don't see the great divide they have created between the classes in the US. Average Americans come far closer to the poverty level than they do to the ridiculously inflated salaries of these thieves. NO ONE IS WORTH THAT MUCH PAY. ABSOLUTELY NO ONE!

11:17 PM  
Anonymous Anonymous said...

Well said, most of us are just keeping our head above water and these arrogant jerks decide to fly in there private jets. Congress must clam done on their saleries and privileges if they decide to help. The sad thing is that if we don't help these jerks the ordinary automobile worker like us will suffer. This congress and the President elect must re-think the corporate cultural. The present Idiot (President) is part of that vile greedy culture himself.

May be they need to look at developing countries and see how they would deal with a situation like this, there won't be any bail outs. Become Creative and less greedy.

Austen

8:42 AM  
Blogger Virginia Gal said...

Marmite - oh yes I completely agree - how broke can you be??

Brenda - that sucks! It makes me just want to scream, how can people be so oblivious to others pain while they are being so greedy?

Molly - nothing I can add,you said it all perfectly - and I love your wiping the asses coment. You bet sister!

Trisha - glad you could vent, which with this economic situation, we are all doing more and more, no?? Just maddening!

Mommanator - Yes I hope this gets fixed before all my savings are down the drain as well.

Joe - wow it made the headlines?! Good, so hopefully more Americans will be outraged by this excess.

Merci - you are so right, no one is worth that much, besides which if you are a failed CEO, i.e. no money, than you deserve nothing!

Austen - less greedy I concur!! And yes the only reason I would want to give the auto loan is for the poor everyday auto worker, but NOT for those corporate bigwigs.

3:12 PM  
Blogger citizen of the world said...

It's disgusting. I have many of the same thoughts about what needs to have with the auto industry that Molly is suggesting. And I'm here to tell you that if the US companies would build the sort of solid, reliable fuel efficient cars Japan is making, I'd happily buy them.

8:18 PM  
Blogger Virginia Gal said...

Citizen - digusting, perfect description, I couldn't agree more!

11:31 PM  
Anonymous Anonymous said...

Agree with your post absolutely. I'm pleased to say that our Labour (supposedly left of centre) government here in the UK seems to have got the message and for the first time since it was elected more than 10 years ago has announced a financial package that taxes those on high incomes more and everyone else less - old fashioned, progressive income redistribution, not excessive, just fair. Looking forward to a bit of that in the US when O. takes over!

3:09 PM  
Anonymous Justin said...

Sorry, just noticed my post appeared as 'Anonymous' - still getting used to this Blogger commenting form...

3:10 PM  

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