Posted by
James Burns on Thursday, November 13, 2008 9:09:36 AM
Close up the corporate bread line. Stop throwing our tax money to corporations that have mismanaged themselves to the brink of extinction. Shut down the expensive executive getaways on our dime. Let the UAW wallow in its own greed and die in financial ruin. This union and its greed has destroyed the american auto companies. But then again the car companies let them. I am not against unions, just ones that only worry about themselves and do not have the interests of their members in mind.
The 2008 Bailout-paloza must end, and end now. None of what is being done to save these corporations is working. The mindset of management has not changed in these times. In fact it has only gotten worse. With AIG and its excessive trips costing hundreds of thousands of dollars, and not even thinking twice about them or care if they can afford them. These company executives are only concerned with themselves. I can't what for them all to fail. To watch them go from god like to working the McDonalds drive through or sitting in a federal prision.
I can't wait to see Barney Frank and Chris Dodd go down in flames. These two knew Fannie and Freddie would fail. They did nothing to help fix the problem when legislators in both houses cried danger. They shrugged them off to protect their own interests. I am sure there is wrong doing on their parts, but who will investigate it? Who will do the digging? No one at this time. So the American taxpayer must just keep paying.
The American economy is in dire straights. The stock market drops everyday. Thousands of Americans are losing their jobs everyday. No amount of "good" money will fix what is going on here. Because so much "bad" money was used to cause the problem. What needs to happen is the infection needs to be purged from the system. Those responsible must be allowed to fall. AIG, GM and others must be allowed to fail. This is the only way to fix the problem. Yes innocent people will be effected. Haven't the innocent paid enough all ready? Let the guilty fail. Let them fall. Some body will come in and pick up the pieces. Maybe AIG is not so much to big to fail, but just to big. Let it fail. Some small companies will come in and pick up the pieces. Then instead of one big beumouth, we will have a number of small entities doing the same thing. That way if one fails the others can step in.
The auto makers have done business the way they have forever. No economic steains has ever changed their thinking. Look at the foreign automakers in the US, their making money. Some union, some not. So what are the Big Three doing wrong? Not changing with the times, thats what. So if they can't change then the must fail. Some smart, energetic people will come in and pick up the pieces. They will rebuild these companies and get them up and running so they may compete in this economy.
Dinasours went extinct millions of years ago, because they couldn't adapt. Seems like sections of the American economy can't adapt either. So its survival of the fittest. Let 'Em Fail!