Wednesday, September 24, 2008

Let's Talk Bailout or Corporate Welfare

Yep, That is exactly what that is corporate welfare. I can't claim the name no one of the first I heard use it is the former governor of Minnesota Jesse "The Brain" Ventura. Why does the average working person get $600 if they worked enough last year as part of an economic stimulus package but the rich bastards who made bad loans and all kinds of bad business decisions, get their parachutes. Plus the institutions they plunder get on average about $2800 for every man woman and child in this country. That number maybe be a little high. My assumptions were based on $700 billion divided by 250 million people. I now think the population may be a little higher but the number would still be around $2300. And that would be for everybody that lives in the country not just those who met some minimum qualification for income.

This is just another example of the rich taking care of their rich brothers. Hey when I screw up nobody comes and bails me out. I have to figure a way out the mess I created on my own. But not others this year I have watched the government come to the aid of people who bought houses they could not afford, instead of rewarding those of us who live in a prudent manner and now this.

I am pissed off and you should be to. Companies these days are led by accountants who say we can make more money right now if we send jobs overseas, especially us that are running the businesses because they don't try to look down the road some and see what may be looming. The days of the person that started out at a low level and learned a business from the ground up are gone so the world is now being run by accountants and those of you who think lawyers are part of the problem why don't you look at what accountants have done.

But truly let your elected officials know you are pissed off at the bailing out all these poorly run institutions and tell them it is time to start looking out for the people in this country.

2 Comments:

Anonymous Anonymous said...

Jim, I have to disagree with you on this one. If my undestanding is correct, this will go a long way toward helping those that got thos mortgage loans that they now can not afford. It also will have a cap on the amount of money the CEO of these failing companies can get. As you saw in the stock market on Monday, not passing this "Bailout" could have dire consequences.

I wish it was not needed, but due to lax regulation and oversight, we are too far in now not to do this.

September 30, 2008 at 5:21 PM  
Anonymous Anonymous said...

JIM YOU ARE RIGHT IT IS WELFARE FOR THE RICH....DO YOU THINK THEY WOULD BAIL ME OR YOU OUT..HELL NO...THEY WANT TO BAILOUT THE PEOPLE THAT LIVE IN MILLION DOLLAR HOMES THAT LIVE BEYOND THEIR MEANS...TO JOHN YOUR UNDERSTANDING IS INCORRECT..UNLESS YOU LIVE ON WALLSTREET... THE CEOS HAVE DONE TAKEN THEIR SHARE OF THE PIE ALREADY..AND ARE LOOKING FOR MORE...ITS CALLED GREED... DON`T KID YOURSELF...YOU NEED TO WAKE UP...THIS IS THE RESULT OF THE LEADERSHIP OF GEORGE W BUSH OF 8 YEARS..WHO NOW IN THE 4TH QUARTER AND 4TH DOWN..NOW HE WANTS TO DO SOMETHING...REMEMBER THIS WHEN YOU VOTE.....LET THEM SINK OR SWIM...FUZZY.........

September 30, 2008 at 6:34 PM  

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