The national fascination with overspending has led to instability in financial institutions.
No, not unless we all give up extra spending “cold turkey.” Many of us are addicted to the goody high.
bump for later
The Republicans are being offered a golden opportunity here to savage the Democrats. Right now the Dems are trying to steal the rescue bill for petty politics.
“Democrats to destroy economy just for politics”
“What matters more, staving off an economic collapse or Democrats making Brownie points by interfering with the rescue plan?”
etc.
This is what happens when you promise and then give EVERYBODY “the American Dream” without making them work for it. I see this same kind of crap happening with “universal healthcare.” Fraud is going to have a field day! We’re going to let them do it and then WE will be the ones that get screwed again.
Thats what I’ve been asking all night - sorry but lurk in the day....
Is it the bailout or we enter a depression like period in our economy???? THAT is what the Dems want. THAT is their October (sept) surprise.
They could care LESS about the destruction this is doing to the bank acounts, 401 accounts, savings accounts of Ma and Pa out in the country.
They figure they will get theirs and they will be ok - why not believe that? Nobody has stopped the FM and FM crooks yet, have they????
And if we do have an economic “crash” - who do you think will be blamed????
Who do you think will then be a shoo in for this election???
So is it bailout or be killed in the elections of 2008 ???
That’s what I am trying to find out...
Uncle Sugar ain’t got the sugar.
People have rationalized that CEOs and executive staff deserve high salaries and the golden parachute. Okay, that sounds fair when a company is doing well.
But what about when the CEO and execs have drive the company into the ground?
After all Capitalism punishes the stupid and rewards the smart.
And now we taxpayers are about to bail out some banks which include some very rich severance packages for some well-to-do executives.
Well I say NO! And if they don't like it they don't have to take the money.
We are after all the new stockholders and as stockholders have the right to review their compensation.
People have rationalized that CEOs and executive staff deserve high salaries and the golden parachute. Okay, that sounds fair when a company is doing well.
But what about when the CEO and execs have drive the company into the ground?
After all Capitalism punishes the stupid and rewards the smart.
And now we taxpayers are about to bail out some banks which include some very rich severance packages for some well-to-do executives.
Well I say NO! And if they don't like it they don't have to take the money.
We are after all the new stockholders and as stockholders have the right to review their compensation.
Fixed it.
For a short period of time it will.
Without addressing affirmative action it will reoccur repeatedly.
The only thing that will "fix" this, of course, is a huge dose of inflation.