Bailouts, corruption, corporate greed...when will it end? (enemy, ethics, brainwash)

[Luiso]

Originally Posted by sickofnyc

Here's an intelligent and logical synopsis of what is going on and what should be done. BTW...I know that the right wing talking heads are attempting to blame the unions because that is what they are told to say to get the eyes off the ball which are the CEO's and cronies. The unions might hold some responibility, but they are more the victims than the perpetrators.

The Right Way To Bailout The Auto Industry - Working Life (http://www.workinglife.org/blogs/view_post.php?content_id=10178 - broken link)

To me the left wing wackos give the union a free pass now I agree the CEOS have run them into the ground,greed,etc but you have union adding their own ingredient into the mess.

I dont like either side right nor left as both turn blind eye to their "people".
I support unions or they wont have health care and like Mexican car companies workers will lose hands,arms on faulty machines weekly among other horrors.

I also know that the salary mentioned of CEO getting 30 million is a COMPLETE lie they get much more than that as yearly or quarterly bonus is not mentioned.
A CEO might have base salary of 30 mill with yrly bonus of 10 mill PLUS and perks that add another few million. Media is to lazy to report that .

Its a compolicated mess but both sides have to be put under a microscope to see what can be done so in 2 yrs we arent back to square one and Reps/Dems stick up for one side only.

I do believe in removing the upper brass in these failed companies as they have recently showed how greedy and out of touch simply not caring they are.

[texdav]

If the Democratic lead congress passes the new bailout and the two stimulis packages we will have the highest debt per cenatge to teh GDP that has ever existed. That does not include the wall street bailout .We alreqawdy have a credit bubble in which the average american seonds $5000 more eqach year thahn he earns. How they will create the government bubble that will end up being worse than the housaing bubble as the governamnt itself will be upside down.That at a timje when for the first time individaul savings has gone from negative to 3% positive.Thye taxes and fees necessary to pay for it will be high in the future for everyone and wipe out alot more than that savings.What we know as a miidle class will be wiped out for good by this federal debt by teh Democarts who were elected to bring down the deficit.

[okie333]

Originally Posted by muleskinner

Neocons are always scabby is how he showed himself to be right wing.You're the one that's "to funny" when it comes to the obvious and the really sad part about it is you're not smart enough to realize just how funny you really are.

lol did you bother to get to know the guy first, or maybe possibly look at his previous posts. The dumb on this forum continues to float to the surface.lol

muleskinner - did you ever go to college?

[Tx08]

It won't end, not with the gov't we have. They are the problem

[EarthBound?]

I say "NO BAILOUT" let Toyota and Honda do a big "BUYOUT"!! Screw the so called big three. And on top of all that, they should tell the UAW to take a hike and stay out of thier factories when they do buy them out.

Besides, Toyota and Honda are making far better products anyway .

Oh, I own a Tacoma and it was built in California, best truck ever. My last truck a "F-150" was Built in Mexico , and it was junk from the first day I brought it home. I sued ford and won on the Lemon Law.

[dreamofmonterey]

Originally Posted by burdell

A free market is nice in theory but near impossible in practice without being overrun by greed and corruption.

There should be regulations in place before bailouts become necessary.

Brioni suits and Hermes briefcases not withstanding those responsible for the financial industry's collapse are nothing but con-men, well dressed though they may be they're still nothing but con-men. Rewarding sellers of smoke & mirrors is not a viable long term plan.

It's much less costly to prevent cons than pay for their after effects.

lol, Brioni suits--ah, imagery--- (I need that, where I live now I see people wearing overalls-lol)

Anyway, I agree with you 100%.

[floridasandy]

Originally Posted by donsabi

The American economy is just like an ice cream cone with too many scoops on top. You make a nice ice cream cone when you have a good base and two scoops are pretty nice, but when you get greedy and pile on more scoops that the base can support you will find your ice cream on the floor. That is the American economy today with top echelon exec's cutting manpower and wages while increasing their own outrageous salaries and perks. If you listen to these bastards you will see them try to shift the blame to labor, benefits, pensions, etc. They love having the American people actually believe that the unions are to blame when in fact the middle class was born by the unions. Every Tom, Dick, and Harry, both labor and management benefited from unions one way or the other. What is it that an exec does for 34 million plus perks? He gets rid of essential employees, outsources suppliers and services, and for that he will reward himself/herself with a bonus that exceeds the savings and all the while creating disgruntled customers. (Called customer service lately...India). This is the biggest fleecing of American!
Food for thought: Could it be that the Big 3 are really trying to shed their legacy costs, (pensions, etc), get rid of the unions, and reneging on contract promises. This way they could maintain the exec salaries and perks and be more competitive. If they are successful they will have created a basis for every company in America to end their pension obligations, perhaps even government pensions.
I believe we should save the Big 3 by enabling the loan and requiring limited exec salaries, bonus, and perks not to exceed seven times the lowest paid salary within the company. Change the management to an employee driven management team and firing all top dog dregs.
I'd like an ice cream cone with two scoops, no more, thanks.

you still are not explaining why taxpayers have to pay it and why it does not happen in the bankruptcy phase instead, which is where it should be negotiated.

[floridasandy]

Originally Posted by LibertyandJusticeforAll

Really so what is to stop the corruption in government. A free market?
What is that? We dont practice a free market anymore and havent for sometime we have managed trade and managed markets. We practice socialism, unions, bailouts, government guantees, no responsiblity and government welfare for houses. All at the expense of future generations and a large tax burden. First we must get rid of the FED and then realize the only way to stimilate the economny is with sound money and no income tax.

the fed is a huge part of the problem:
On the night of November 22, 1910, a group of bankers met at an elite resort at Jekyll Island, Georgia.

So began the dark conception of the Federal Reserve System, which many economists argue is responsible for devouring the political and financial wealth of America. The U.S. Dollar has seen a better than 98% decline in its purchasing power since that time.

G. Edward Griffin summarizes here: "The purpose of this meeting on Jekyll Island was...to come to an agreement on the structure and operation of a banking cartel. The goal of the cartel, as is true with all of them, was to maximize profits by minimizing competition between members, to make it difficult for new competitors to enter the field, and to utilize the police power of government to enforce the cartel agreement. In more specific terms, the purpose and, indeed, the actual outcome of this meeting was to create the blueprint for the Federal Reserve System." From "The Creature from Jekyll Island" by G. Edward Griffin

[highdesertmutz]

Every business or entity, that is in financial crisis or struggling needs to be let into default, bankrupt, failure. the dow needs to go down to 500, as a new starting point. weak banks need to fail. people need to be nearly go to soup lines. unemployment needs to far exceed what it is presently. this country needs to go into depression era standards before starting anew happens. we must first go back to a reference point, to really begin over again. and, in 10 years, we might see our economic strength once again. failure isn't necessarrily all bad. if a forest burns to the ground, it will come back, in time.

Originally Posted by dreamofmonterey

The U.S is falling apart financially, socially and politically; What will the US be like in 10 years? It's frightening to even contemplate...what on earth is going on, will any politicians be able to reverse the corruption and corporate greed?

[EarthBound?]

Originally Posted by floridasandy

the fed is a huge part of the problem:
On the night of November 22, 1910, a group of bankers met at an elite resort at Jekyll Island, Georgia.

So began the dark conception of the Federal Reserve System, which many economists argue is responsible for devouring the political and financial wealth of America. The U.S. Dollar has seen a better than 98% decline in its purchasing power since that time.

G. Edward Griffin summarizes here: "The purpose of this meeting on Jekyll Island was...to come to an agreement on the structure and operation of a banking cartel. The goal of the cartel, as is true with all of them, was to maximize profits by minimizing competition between members, to make it difficult for new competitors to enter the field, and to utilize the police power of government to enforce the cartel agreement. In more specific terms, the purpose and, indeed, the actual outcome of this meeting was to create the blueprint for the Federal Reserve System." From "The Creature from Jekyll Island" by G. Edward Griffin

I also believe that another big problem, is that the Unions have lost thier purpose and have gotten greedy as well. To often you hear about a Union member doing something that would of and should of gotten him fired. But the Union stepped in and stopped it, when the person should have been fired and a person who was willing to actually work, sent in to replace them. And the Unions cause a problem with people being over paid. The big three are over paying alot of thier employees. Let face it, $25 or $35 dollars an hour to put a screw in a door panal in a hunk of juck is a little to much. I don't think Toyota or Honda employees are Unionized, and they do a much better job for less pay. If the big three employees want to keep thier job, them they should be willing to take a pay cut, from the top all the way down. And if they don't, fire them and hire others that are willing to do so. Oh, and boot the Unions out the doors with them.