I read today that the CEO of failed WAMU, who was only on the job for a few weeks before losing the company, will walk away with about $13M. It’s a good thing I’m just a poor middle-class schmuck and am fully covered by the FDIC, or I’d be really pissed.
Jim Jubak, the editor-in-chief of msnmoney (or whatever it’s called) does a fairly good job of explaining why rushing this deal is a bad idea. I have to give dissenting Republicans a golf clap for holding up the deal for several reasons: they are forcing people to take time and think about what they are doing; they offer up something other than the blatent socialism the President is advocating; they are making some sense for once. I hope the rest of Congress starts listening to them.
I couldn’t agree more. $700 B for starters.Somebody needed to slow the runaway train down. I am glad some Republiucans said not so fast. 90% of the working population that doesn’t work for the government works for small business. When was the last time the Federal Government bailed out a small business? The proposal that is on the table now is Socialism to the max, and certainly not what we stand for in the America where I grew up.
You’re right. And, This bail out, whether it happens or not is too little to late. What we have here is the beginning of the end of our economy. Our democracy was gone with the first dollar that bought the first vote. A war on our own ground is coming next. It will happen while we sleep. So, brush up on your survivol skills, because if you survive the bombings, you’ll be forced from your home. If you stay you’ll perish. Go central, Northwest, beyond the US borders.
You’re absolutely right. The only people who believe that “everything will be alright” are those who believe anything the government or main stream media spews out. Funny, those who began warning of this 5, 10 or more years ago were labeled “nutcases,” “extremists,” “anarchists,” etc.
Why do/did people believe that merely printing up money creates wealth? The party’s over folks, we’ve passed the point of no return. And please don’t be naive enough to think that “government” can/will “solve the problem,” “fix things,” “manage the economy,” etc. I hate to break your hearts but here is what government is: a group of individual men and women-they are not divine, they do not know more than anyone else, and they are not cleansed of all moral flaws. But just try making that statement to the average person and see what kind of reaction you get. As they say, if you want to make someone angry, tell them a like; if you want to make someone furious, tell them the truth.
As bleak as this message is, there is one small hope: educate yourself, read about free enterprise, scour the “underground press,” don’t be afraid to ask questions and finally, see reality for what it is. And yes, this will involve (don’t kill me here) turning off the TV.
If not on your credit card, maybe a home equity loan. LOL
Can anyone say, conflict of interest? Our leaders are all millionaires with money invested in these big corporations. They have alot to lose, while the rest of us, not as much. So what if Paulson’s stock goes to zero, that’s his problem, not the taxpayers.
GIG is right. if you look at earlier articles about ceo’s and their so-called separation money, some of them actually put some of these business out of business. if i remember correctly, there was a non-profit organization where the ceo was getting 9 times of what the company was bringing in 1 yr. so, how were they plan on paying him out? sounds like some folks are not really looking at contracts and their financial records.
I read today that the CEO of failed WAMU, who was only on the job for a few weeks before losing the company, will walk away with about $13M. It’s a good thing I’m just a poor middle-class schmuck and am fully covered by the FDIC, or I’d be really pissed.
Jim Jubak, the editor-in-chief of msnmoney (or whatever it’s called) does a fairly good job of explaining why rushing this deal is a bad idea. I have to give dissenting Republicans a golf clap for holding up the deal for several reasons: they are forcing people to take time and think about what they are doing; they offer up something other than the blatent socialism the President is advocating; they are making some sense for once. I hope the rest of Congress starts listening to them.
I couldn’t agree more. $700 B for starters.Somebody needed to slow the runaway train down. I am glad some Republiucans said not so fast. 90% of the working population that doesn’t work for the government works for small business. When was the last time the Federal Government bailed out a small business? The proposal that is on the table now is Socialism to the max, and certainly not what we stand for in the America where I grew up.
You’re right. And, This bail out, whether it happens or not is too little to late. What we have here is the beginning of the end of our economy. Our democracy was gone with the first dollar that bought the first vote. A war on our own ground is coming next. It will happen while we sleep. So, brush up on your survivol skills, because if you survive the bombings, you’ll be forced from your home. If you stay you’ll perish. Go central, Northwest, beyond the US borders.
When? In 4 years. Crazy? Let’s pray.
The enormity of the deal, which would cost every man, woman and child in the United States about $2,300 ……..
Great, so can I put it on my credit card??
Big Turtle,
You’re absolutely right. The only people who believe that “everything will be alright” are those who believe anything the government or main stream media spews out. Funny, those who began warning of this 5, 10 or more years ago were labeled “nutcases,” “extremists,” “anarchists,” etc.
Why do/did people believe that merely printing up money creates wealth? The party’s over folks, we’ve passed the point of no return. And please don’t be naive enough to think that “government” can/will “solve the problem,” “fix things,” “manage the economy,” etc. I hate to break your hearts but here is what government is: a group of individual men and women-they are not divine, they do not know more than anyone else, and they are not cleansed of all moral flaws. But just try making that statement to the average person and see what kind of reaction you get. As they say, if you want to make someone angry, tell them a like; if you want to make someone furious, tell them the truth.
As bleak as this message is, there is one small hope: educate yourself, read about free enterprise, scour the “underground press,” don’t be afraid to ask questions and finally, see reality for what it is. And yes, this will involve (don’t kill me here) turning off the TV.
If not on your credit card, maybe a home equity loan. LOL
Can anyone say, conflict of interest? Our leaders are all millionaires with money invested in these big corporations. They have alot to lose, while the rest of us, not as much. So what if Paulson’s stock goes to zero, that’s his problem, not the taxpayers.
GIG is right. if you look at earlier articles about ceo’s and their so-called separation money, some of them actually put some of these business out of business. if i remember correctly, there was a non-profit organization where the ceo was getting 9 times of what the company was bringing in 1 yr. so, how were they plan on paying him out? sounds like some folks are not really looking at contracts and their financial records.