Termyn8or
Posts: 18681
Joined: 11/12/2005
Status: offline
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Damn, MrR, you wrecked my morning. Well at least you did it with reality, that I appreciate.
I agree totally, if there is to be a bailout, what needs to be weighed in is the impact to the economy of this country. All upper management should be gone, no exceptions. If I were running things I would say sure, cut a check right now, but you Sir, who flew in on your private jet wearing a suit that costs more than some people's cars, are now unemployed.
That's how I would do it, and probably at less than half the cost. Sure AIG is an issue, but when I refer to the automakers, I think it quite on topic. No matter what, leaving the same people in charge is not going to work. They were born with a silver spoon where their brain should be.
Yup, we are in for some hard times. Fortunes will be made, the other day I looked at my "major" credit card bill and the minimum was almost ten percent lower than usual. I don't recall making any kind of baloon payment so I had to take a second look. Turns out they lowered my interest to 8.65%, which is very good for plastic. But then the prime is zero and it simply means that my credit is good. Almost makes me want to go out and buy something, almost.
Anyhoo, wasn't it in the past that a failing company would tend to get bought out and subsequently management changed ? That is the capitalist way, and really it would probably be better to just let the chips fall where they may. While I might be torn on that particular issue, because I know the consequences, sticking to the rules, some people lose. And if nobody loses nobody wins. Let some new, competent people in there with fresh ideas.
Look at the news media, GM gets their bailout and what's the first thing they are going to do, close plants and lay people off. What the fuck good does that do the country ?
Speaking metaphorically, I have never seen a slippery slope with so many sharp edges.
But then characteristically, it seems whatever the government does, it does wrong. This is no surprise, it has been this way all my life. Makes one wonder just who these people think they are working for. It's like after the elections they just don't even recognize the voters who put them in their position, and won't remember until the next election.
I think this thread does alot to answer the question posed in the other thread entitled "Why are Americans against raising taxes ?". First of all we have to pay them, and now we find they are used to buy some suit yet another ivory backscratcher.
Pissed ? You betcha. To the point where if I expressed how much I would not only be thrown off CM, but the whole internet. I think the ballot box is done, it really is time for the cartridge box. The rock group Rush said it pretty well. We're marching to bastrille day, the the King will kneel and let his kingdom rise, and the guillotine will claim her bloody prize.
Face it, you can't vote your way out of this mess. Therefore until people are ready to put some fear into the government by whatever means, which is lawful under the Constitution, things are not going to change. I supported Obama because he wants out of Iraq, I expected no big changes in fiscal policy or the way government does business, if they can call it that. It simply ain't going to happen.
I also was never so unrealistic to think that it would.
T
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AIG: "Please, Sir, may I have some more?" - 
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