ON THE BIG 3
It has been on every channel:
How did the Big 3 arrive to the hearings? ~ In private jets. Outrage at the lack of connection between the lives of most Americans and the fact that they are arriving in luxury to beg for money. Except that they weren't begging, they were expecting it and demanding it.
Their level of perceived arrogance has not escaped the public. The latest poll shows that over 60% of the public does not want to bail out these people with loan that will pay interest.
To be honest, this is money we are likely to get back, as opposed to Paulson's dealings with the financial and insurance companies. Our great-grandchildren will most likely be paying off this horrific giveaway.
The Big 3 arrived the second time around for their begging/demanding session with Congress by more modest, less polluting ways, but is it too late? Are Americans too fried to give a damn anymore about big corporations when they are loosing, or have lost, their homes and jobs?
Who is bailing out the economy and rushing to make sure that the individual American does not have to hit in shame the food banks and food stamps just to have something on the table? Where is the rush to action?
Perhaps this is the reason we are sick and tired of these companies and their plights due to their lack of leadership, foresight and self control.
ON MEDICAL.
It is happening around the country; your parents or your kids, maybe even yours, medications are no longer approved by the insurance company you pay into. The elderly and disabled are on Medicare and they change to part D (XYZ) on a yearly basis to obtain the most coverage. A formulary is used by most to determine which way to go.
The book looks like a phone book, the paperwork and amount of scrutiny is time consuming and there are time limits in which to make this decision and can only be changed on a yearly basis.
Nothing prevents the pharma portion from changing what they cover, how much and how often. Now, to add insult to injury, the are pitting the medical offices against the patients by demanding prior authorization for a medication the ill person needs and has had covered for years.
The pharmacist states that it is no longer covered and to call the insurance company or pay out of pocket (no reimbursement on the horizon either).
The insurance company tells you to call the doc and have them request authorization, the doc calls the insurance co., and they say there was never a problem and to just have the patient call the pharmacy to refill the order.
You call the pharmacy and they call the insurance company who states to have the patient call the doctor's office and request authorization.
This was a typical day in the life of a spousal caregiver. Unfortunately, this one day was GroundHog Day because it lasted 2 weeks.
Smarty pants that I am, I started this before the meds run out completely, you see, my oldest has asthma and she could just drop dead if she has no inhaler and the attack is severe and in school. Nice, huh?
Well, then there is also the husband's meds. The ones that are supposed to alleviate one thing, and in exchange will produce all sorts of nasty side effects that will cause additional physical distress.
I find out from the doctor's office that the elderly people they provide services for are doing without their medication because they are being denied medications left and right. They are complaining that their reimbursements stink and often times they are not getting paid.
And yet, the medical community balks at the idea of a National Health Care system. Go figure!
Most of us are performing daily miracles and we have never asked for help or sympathy, but we sure as hell would appreciate not having to fight with an insurance company over covered benefits.
THE RICH & THE GOLD DIGGER.
I just read an article about "toxic wives" and how quickly the rats abandon a sinking ship. It is funny and sad all at once. Funny because of the macabre nature of these relationships and the sad because maybe at some level, the poor sap was under the impression that he was loved as a human being, not an ATM. The article is titled: Recession; when the money goes, so does the toxic wife. It is very well written and it gives us a little perspective on what their lives are truly like. Ah! to have those money problems! poor saps!
NEW ORLEANS? IS THAT NOT TAKEN CARE OF YET?
Nope! not yet, we still have people living on the streets, cardboard boxes and tents. Clean up is not done, displaced residents are unable to come home (what home?) and the FEMA trailers are a toxic disaster that are not being maintained because the formaldehyde and other cancer causing agents are too dangerous for government employees, volunteers and vendors to reside in or to work on.
Of course, it is perfectly fine for Katrina victims to reside in and raise their little ones there for years on end too. The health problems and increase in cancers, such as leukemia and breathing disorders are all in their heads, just like our economic woes.
I am sure you heard Bill Graham telling you we were a Nation of whiners and it was all imaginary (maybe that is the real reason McCain lost this election, because this bozo was his financial guru.... and Lord! even the most staunch Republican found this to be insulting).
Which brings us to the next financial whack-over-the-head to the average American....
CREDIT CARDS
Apparently, credit cards are now going to decide what your credit limit really is, without telling you.
You see, they need to protect themselves against your luxury spending (probably the way you are feeding your family and paying the heating bill).
Please be aware that there is a clause in your contract with them (the only part that needs to be honored, you see?) and if you go above your credit limit, there will be hell to pay, by way of penalties, increased percentage rate will be automatic (their current 28% is not enough), and Gulp! they could denmand payment in full (Ha! if you had it, why would you be using a credit card?) and close your account... and send the collection agencies against you... and put liens on your assets... and... Well, you get the idea.
Please check your balance and current credit limit before they get you in a new technicality.
KATRINA AND IKE
Katrina's disaster is not the only thing that has not been taken care of. If you live in Texas you know full well that you got 30 miles of debris with rotting corpses that has not been cleaned up as promised by your favorite son (the one that is moving back in with you come January). Maybe the fact that Bush is moving back to Texas, that alone will light a fire under him to clean up the mess that Ike left behind. One can only hope. Read about it here, straight from Texas.
Katrina is just going to have to wait, all those billions of dollars meant to help people have disappeared as quickly as the billions "missing" in Iraq and the Billions Paulson can't account for... WHAT? Paulson? Say it is not so....
PAULSON
Apparently, the Treasury does not know where the 700 billion went or are going, or how much is left and there is no oversight and no accountability (which is how we got into this in the first place).
If you wish to read the full report, you can find it here.
In the meantime, Paulson keeps fighting to get the remainder and continue to inflate the banks with money they are not lending to the consumers but the Congress is not happy with the above report and a monkey wrench is being thrown into Paulson's... Plan? ... does he have one? ... is he making it up as he goes along?... The Associate Press article fully describes the GAO report in more easy to understand terms, but the bottom line is that the lack of transparency and accountability are a sort of concern (ya think?), and there is a disturbing stubborness to continue to pay executives a king's ransom just for being their arrogant selves..... Oh, boy!
GEORGE W. BUSH
More than a lame duck, an inefficient, ineffectual and incompetent moron. On his latest interview with Charlie Gibson he stated that the most regretable thing in his administration had been the faulty intelligence that led to the war in Iraq.
Fair enough, now shut up and don't say another word.... but no, he continues to answer questions. Charlie Gibson flat out asked him, "... if he had knowledge that there were no weapons of mass destruction would we not gone to war with Iraq?" This is the point where someone in a dark suit should have come in and claimed "urgent matters" and end the interview, but no, he had to answer with: "I don't know, it is not a do-over".
Okay now, The Weapons of Mass Destruction was the ONLY reason to go into Iraq, so if the intelligence had stated that there would not be any, this guy thinks that we would have gone into Iraq anyway?... he is not certain that we would not have.
Can you say OIL baby? OIL, that is all this was about and we could not even manage this right. Oh, wait, we did. H.burton is swimming in it. Good job!
PRESIDENT ELECT OBAMA
Thank God we are going to have grownups running the show. Great new team filled with not only intelligent people but people who have demonstrated their skills and abilities and have the same goal in mind: The American People. Who would have thunk it? civil servants at the beck and call of the people. Someone should write a Constitution about a government being by and for the people. Maybe it will happen.
The best part of this new Administration is that is not filled with incompetent fools that are kindergarten chums, or drinking buddies of yester- year... or a cousin of a good friend. We are actually getting grown ups!
WAL-MART FRENZY
Who is responsible?
I am going out on a limb on this one, but I am willing to say that it is the store because they lacked security, they build up a frenzy of a mob mentality and did not take their employees safety into consideration.
Others will disagree, but I think that when a mob mentality is fostered and people behave badly (like beating up people because they are of different religion, race, ethnic background, etc), then those who incite that mood and encourage that attitude are responsible, period.
Really, how desperate are times where a man gets trampled to death so some "lucky" shopper can purchase outdated technology for $20.00 less?
No crowd control, no training and lots of hours of people in line. Wally World is at fault in my opinion.
Okay folks! Have a good evening and as always...
PEACE to you all
http://www.spousalcaregiver.com/
http://www.wellspouse.org/ for support and information
Showing posts with label Big 3. Show all posts
Showing posts with label Big 3. Show all posts
Wednesday, December 3, 2008
Tuesday, November 25, 2008
It must be the holiday season
Everyone is getting a billion or so.
Maybe it will really trickle down this time.
Hope springs eternal.
Big 3
If it weren't for the fact that they kept saying that the American Public demanded SUV that sucked a gallon of gas with every inch, I would be more inclined to be kinder, but the fact is that the American Public has never been given a chance or choice by the automakers.
When an electric car cost more than a downpayment on a house, it makes people opt for a lower priced alternative and keep polluting the air with "cheap" gas.
My guess is that when they all figure a way to charge $3.00 per Kilowatt, we will have our choice of electric cars and available in every color.
If it weren't for the fact that not rescuing these companies would cost millions in unemployment benefits and send the supporting industries into a tailspin, I would not be so incline to loan them the money (not that anyone asked me, but just in case my opinion is required at some point).
I am still rankled by the opening of a GM Russian plant, here is why:
"By Paul Abelsky
Nov. 7 (Bloomberg) -- General Motors Corp., the world's biggest carmaker, opened a $300 million factory in Russia as it looks to compensate for slumping sales in western Europe and North America.
The plant in the Shushary district on the outskirts of St. Petersburg will produce 70,000 Chevrolet Captiva sport-utility vehicles and the Opel Astra, with plans to manufacture the Chevrolet Cruze compact car next year.
``Our strategy is to become the leading manufacturer in Russia,'' Carl-Peter Forster, GM's chief for Europe, told reporters during the plant opening today. ``For us Russia is not an emerging market. Russia emerged long ago.''
The new plant ``is an example of a good investment project that's oriented toward the future,'' Russian President Dmitry Medvedev told reporters. He called on GM to boost output at the plant.
Forster said the production schedule won't be revised now as the car market has soured. The new plant will employ 981 people, and that may increase to 1,700 next year. .... " This is an excerp from Bloomberg.com and many thanks to Paul Albelsky for the detailed report.
Based on this article, I am of the opinion that GM already has factories here and people who know how to build cars. Therefore, logic follows that instead of spending $300 million over there, they could have SAVED it here. Also, producing over 70,000 cars MADE IN AMERICA would go a long way to boost our sagging economy, furthermore, we would actually be EXPORTING something.
Some of us are willing to settle for American lapel pins made in America instead of China. (less lead is always a good thing)
The second part of this story is the continued lying about being years away from producing a fuel effecient car, since FORD already makes a car in Europe that gives 65 mpg and according to them, they can't afford to sell it here.
Here is the linky with a lovely picture of a car (Ford Fiesta ECOnetic) I would love to own (in that same color is fine).
Let's say they are right as rain (just go along with it for a minute) and they really cannot afford to sell it here. How about BUILDING it here? is that also a far reach for them?, Once again, we would be EXPORTING something and all dependent industries would benefit greatly. More production, more jobs, better economy.
If all of this does not smack of bringing our country to a screeching halt and reversing our economy, education and citizens towards the 19th century.... Oh, wait! it has to be further back than that, that was the era of industrialization....
..My bad!
What Congress needs to do
In my not so humble opinion is beat the crap out of Paulson and demand a cohesive plan from him. They obviously know how to do this since they have requested the same from the Auto Makers.
On the financial bailout, we are all just wondering how long is it going to take before our collective heads explode.
First off, Citi Group was bailed out in the middle of the night to the tune of over 300 BILLION dollars. No problem. We can print more money, we still have trees left and when those are gone, they'll start a collection in our neighborhoods while taxing us for having one too many.
In case we are loosing track of how much money has gone out, let me refresh your memory by simply stating that to date, it has been almost 8 TRILLION dollars (7.8 or something like that).
I don't know if you can stomach this or not, but here it goes:
As soon as Wells Fargo gets sold, the big wigs will receive a compensation package deemed to be earmarked as severance pay, of over 28 BILLION dollars, a large (enormous, actually) portion will go to the largest shareholder at Citibank. If this guy was poor before, he would not be after that.
The kicker is that this particular shareholder is the richest man in the world and he is still entitled to the 98 million dollars. His name is Prince Alwaleed (Saudi Arabia, of course) and he needs this money, let alone deserve it, like the middle class deserves to be homeless and unemployed.
In his defense (ha!) he made the supreme effort of injecting a large amount of money to increase his stake in the bank AFTER the government agreed to shower CitiBank with our tax dollars. You can read about here.
But hey! as long as the tax payers have a pint of blood left, we are doing our patriotic duty.
Or are we? ~ Maybe we are just too tired to print out all this stuff and shove it down Congress throats.
All I can see is the current administration making sure that there is not a single penny left before they leave office. Time is running out and drastic measures need to take place. Paulson is moving as quickly as he can.... Gosh Darn it! there is some loose change left in couch, Paulson is not doing his job!
Laugh if you can, it seems that is all we got left ... for now. That pint of blood will be gone shortly if this current administration has its way. They have sough to undermine work that took over 20 yrs to protect our lands and maintaining our National Treasures free from greed. In the middle of the night (do you see a pattern here? Just like thieves) during the busiest political day (November 4th, the day we revolted and chose to elect someone who gave us hope for the future and a departure from the hell the past 8 yrs have been for middle America) they truly have it in for our Country, its land and its people, here is an excerpt from the Huffinton Post that preceded an interview with Robert Redford by Rachel Maddow:
"The Bureau of Land Management cynically chose November 4 to announce a last-minute plan to lease huge swaths of majestic wilderness in eastern Utah for oil and gas extraction one month before President-elect Obama takes office.
As its clock runs out, the Bush administration also is trying to open-up drilling all over the Rockies and Alaska, to green-light oil shale leasing, and to weaken the Endangered Species Act. Though sad, it's no surprise, coming as it does from the same crowd that designed a misguided national energy policy in secret meetings with the oil, gas and coal industries."
You can read the full article at the huffington post website. (nicely linked for your convenience)
But if land and our environment are not of interest to you, don't worry, they have more up their collective sleeves and they are far from done, no, not yet. The highlighted link will take you tog to Bill Moyer's Journal and it explains quite well how other things you may consider hard fought for and now permanent are not so permanent and we must fight even harder.
I hope we are not too tired because until these thieves leave office, we need to be extra vigilant. For instance; your medical leave, your work safety regulations are all at risk of going Buh-bye and the citizen surveillance would increase by allowing the locals to do what the Feds are doing.
Whoa! I guess George Orwell was not that far off the mark, was he?
And I hate conspiracy theories because I like to have cold hard facts to base my opinions on, but when the hard cold facts are in front of us and the conspiracy no longer feels like a bunch of renagades cooked this up in a collaborative effort of midnight talks while "spacing out" on home grown "herbal remedies".... well, ... it is downright frightening to have elected officials have such disregard for the law and so blatant in their efforts to undermine a government that is "for the people" and has now become their playground.
So, before Bush and his band of crooks leaves office we are going to be in worse shape than we have been so far. If you did not think it was possible because there is not enough time, you have understimated their determination and the lure of greed that awaits them once they leave public office.
Or maybe... there is really a true conspiracy and the whole effort to "divide and conquer" is not a bad dream but a nighmare that even Russians think is going to happen. According to Mr Paranin, a political Russian Analyst, the United States will split up into several parts.
You can read about it all here and even though, I was going to dismiss this bit of news as some ideological nonsense, after reading his reasoning for making this prediction more than once, I am not so sure that this could not happen.
For years, it has been politically necessary to pit citizens agains each other based on inconsequential things, but by repeating the mantra long and hard, it became news and hatred and prejudiced abounded against one another.
The perpetuation of stereotypes just added fuel to the flames and now we have people in this country believing that we have elected a muslim (so what? there is freedom of Religion right? Not so, apparently, we are all free to be Cristian and nothing else). Personally, I like freedom from Religion a lot better, but to each its own.
We have others who believe that everyone in the South and Central part of the country is uneducated, unsophisticated and completely arrogant in their missinformed ways.
We have those in the middle and south thinking that those in the East and West have no moral values and no God.
Let's hope these, and other, attitudes will go by the wayside and we can come together as a Nation and work towards the common good, because I still have faith and hope that we can acommplish this.
No, I am not naive, I do remember Katrina and its aftermath, I do remember 9/11 and its horrific set backs, but what I remember most was the entire country helping one another. And that my friends, is AMERICA.
Happy Thanksgiving to you and yours.
PEACE to all.
Maybe it will really trickle down this time.
Hope springs eternal.
Big 3
If it weren't for the fact that they kept saying that the American Public demanded SUV that sucked a gallon of gas with every inch, I would be more inclined to be kinder, but the fact is that the American Public has never been given a chance or choice by the automakers.
When an electric car cost more than a downpayment on a house, it makes people opt for a lower priced alternative and keep polluting the air with "cheap" gas.
My guess is that when they all figure a way to charge $3.00 per Kilowatt, we will have our choice of electric cars and available in every color.
If it weren't for the fact that not rescuing these companies would cost millions in unemployment benefits and send the supporting industries into a tailspin, I would not be so incline to loan them the money (not that anyone asked me, but just in case my opinion is required at some point).
I am still rankled by the opening of a GM Russian plant, here is why:
"By Paul Abelsky
Nov. 7 (Bloomberg) -- General Motors Corp., the world's biggest carmaker, opened a $300 million factory in Russia as it looks to compensate for slumping sales in western Europe and North America.
The plant in the Shushary district on the outskirts of St. Petersburg will produce 70,000 Chevrolet Captiva sport-utility vehicles and the Opel Astra, with plans to manufacture the Chevrolet Cruze compact car next year.
``Our strategy is to become the leading manufacturer in Russia,'' Carl-Peter Forster, GM's chief for Europe, told reporters during the plant opening today. ``For us Russia is not an emerging market. Russia emerged long ago.''
The new plant ``is an example of a good investment project that's oriented toward the future,'' Russian President Dmitry Medvedev told reporters. He called on GM to boost output at the plant.
Forster said the production schedule won't be revised now as the car market has soured. The new plant will employ 981 people, and that may increase to 1,700 next year. .... " This is an excerp from Bloomberg.com and many thanks to Paul Albelsky for the detailed report.
Based on this article, I am of the opinion that GM already has factories here and people who know how to build cars. Therefore, logic follows that instead of spending $300 million over there, they could have SAVED it here. Also, producing over 70,000 cars MADE IN AMERICA would go a long way to boost our sagging economy, furthermore, we would actually be EXPORTING something.
Some of us are willing to settle for American lapel pins made in America instead of China. (less lead is always a good thing)
The second part of this story is the continued lying about being years away from producing a fuel effecient car, since FORD already makes a car in Europe that gives 65 mpg and according to them, they can't afford to sell it here.
Here is the linky with a lovely picture of a car (Ford Fiesta ECOnetic) I would love to own (in that same color is fine).
Let's say they are right as rain (just go along with it for a minute) and they really cannot afford to sell it here. How about BUILDING it here? is that also a far reach for them?, Once again, we would be EXPORTING something and all dependent industries would benefit greatly. More production, more jobs, better economy.
If all of this does not smack of bringing our country to a screeching halt and reversing our economy, education and citizens towards the 19th century.... Oh, wait! it has to be further back than that, that was the era of industrialization....
..My bad!
What Congress needs to do
In my not so humble opinion is beat the crap out of Paulson and demand a cohesive plan from him. They obviously know how to do this since they have requested the same from the Auto Makers.
On the financial bailout, we are all just wondering how long is it going to take before our collective heads explode.
First off, Citi Group was bailed out in the middle of the night to the tune of over 300 BILLION dollars. No problem. We can print more money, we still have trees left and when those are gone, they'll start a collection in our neighborhoods while taxing us for having one too many.
In case we are loosing track of how much money has gone out, let me refresh your memory by simply stating that to date, it has been almost 8 TRILLION dollars (7.8 or something like that).
I don't know if you can stomach this or not, but here it goes:
As soon as Wells Fargo gets sold, the big wigs will receive a compensation package deemed to be earmarked as severance pay, of over 28 BILLION dollars, a large (enormous, actually) portion will go to the largest shareholder at Citibank. If this guy was poor before, he would not be after that.
The kicker is that this particular shareholder is the richest man in the world and he is still entitled to the 98 million dollars. His name is Prince Alwaleed (Saudi Arabia, of course) and he needs this money, let alone deserve it, like the middle class deserves to be homeless and unemployed.
In his defense (ha!) he made the supreme effort of injecting a large amount of money to increase his stake in the bank AFTER the government agreed to shower CitiBank with our tax dollars. You can read about here.
But hey! as long as the tax payers have a pint of blood left, we are doing our patriotic duty.
Or are we? ~ Maybe we are just too tired to print out all this stuff and shove it down Congress throats.
All I can see is the current administration making sure that there is not a single penny left before they leave office. Time is running out and drastic measures need to take place. Paulson is moving as quickly as he can.... Gosh Darn it! there is some loose change left in couch, Paulson is not doing his job!
Laugh if you can, it seems that is all we got left ... for now. That pint of blood will be gone shortly if this current administration has its way. They have sough to undermine work that took over 20 yrs to protect our lands and maintaining our National Treasures free from greed. In the middle of the night (do you see a pattern here? Just like thieves) during the busiest political day (November 4th, the day we revolted and chose to elect someone who gave us hope for the future and a departure from the hell the past 8 yrs have been for middle America) they truly have it in for our Country, its land and its people, here is an excerpt from the Huffinton Post that preceded an interview with Robert Redford by Rachel Maddow:
"The Bureau of Land Management cynically chose November 4 to announce a last-minute plan to lease huge swaths of majestic wilderness in eastern Utah for oil and gas extraction one month before President-elect Obama takes office.
As its clock runs out, the Bush administration also is trying to open-up drilling all over the Rockies and Alaska, to green-light oil shale leasing, and to weaken the Endangered Species Act. Though sad, it's no surprise, coming as it does from the same crowd that designed a misguided national energy policy in secret meetings with the oil, gas and coal industries."
You can read the full article at the huffington post website. (nicely linked for your convenience)
But if land and our environment are not of interest to you, don't worry, they have more up their collective sleeves and they are far from done, no, not yet. The highlighted link will take you tog to Bill Moyer's Journal and it explains quite well how other things you may consider hard fought for and now permanent are not so permanent and we must fight even harder.
I hope we are not too tired because until these thieves leave office, we need to be extra vigilant. For instance; your medical leave, your work safety regulations are all at risk of going Buh-bye and the citizen surveillance would increase by allowing the locals to do what the Feds are doing.
Whoa! I guess George Orwell was not that far off the mark, was he?
And I hate conspiracy theories because I like to have cold hard facts to base my opinions on, but when the hard cold facts are in front of us and the conspiracy no longer feels like a bunch of renagades cooked this up in a collaborative effort of midnight talks while "spacing out" on home grown "herbal remedies".... well, ... it is downright frightening to have elected officials have such disregard for the law and so blatant in their efforts to undermine a government that is "for the people" and has now become their playground.
So, before Bush and his band of crooks leaves office we are going to be in worse shape than we have been so far. If you did not think it was possible because there is not enough time, you have understimated their determination and the lure of greed that awaits them once they leave public office.
Or maybe... there is really a true conspiracy and the whole effort to "divide and conquer" is not a bad dream but a nighmare that even Russians think is going to happen. According to Mr Paranin, a political Russian Analyst, the United States will split up into several parts.
You can read about it all here and even though, I was going to dismiss this bit of news as some ideological nonsense, after reading his reasoning for making this prediction more than once, I am not so sure that this could not happen.
For years, it has been politically necessary to pit citizens agains each other based on inconsequential things, but by repeating the mantra long and hard, it became news and hatred and prejudiced abounded against one another.
The perpetuation of stereotypes just added fuel to the flames and now we have people in this country believing that we have elected a muslim (so what? there is freedom of Religion right? Not so, apparently, we are all free to be Cristian and nothing else). Personally, I like freedom from Religion a lot better, but to each its own.
We have others who believe that everyone in the South and Central part of the country is uneducated, unsophisticated and completely arrogant in their missinformed ways.
We have those in the middle and south thinking that those in the East and West have no moral values and no God.
Let's hope these, and other, attitudes will go by the wayside and we can come together as a Nation and work towards the common good, because I still have faith and hope that we can acommplish this.
No, I am not naive, I do remember Katrina and its aftermath, I do remember 9/11 and its horrific set backs, but what I remember most was the entire country helping one another. And that my friends, is AMERICA.
Happy Thanksgiving to you and yours.
PEACE to all.
Wednesday, November 19, 2008
AUTO BAILOUT
How many companies can the tax payers continue to bail out?
I don't mind bailing out the auto industry or Wall Street.
What I do mind is the lack of a cohesive plan in which people are held accountable and the consequences are dire.
Mr. Paulson has already squandered half the loot and has single handedly decided that the homeowners are not part of whatever plan he hatches that day.
The auto industry went to apply for their bailout money today and they all flew in their corporate jets.
The total lack of disconnect between their actions and their lifestyle is mind blowing.
Both parts of this bail out (the wall street crooks and the automobile thugs) don't seem to think that their livestyles and their way of thinking needs to change in any way. All they want is to continue as usual and feel a sense of entitlement to tax payers dollars.
All 3 CEO's spent over 30K flying in their own private jets.
I just found out that GM is opening a multi-million dollar factory in Russia to build European cars there.
It is a good thing that the Auto Bailout Vote was cancelled today.
The majority of the people in this country are fed up. They have been bled dry and to make matters even worse, there is no one advocating for their needs in Washington.
The Big 3 has blamed everyone but themselves for their inability to successfully manage a very competitive business.
For years they have complained about the cost of health care and have done NOTHING to advocate National Health care. They have blamed the Unions and the workers. They have the ability and as I stated in another post about cars they are making, and selling, in Europe that exceed the 60 mile a gallon litmus.
They could have refitted their plants to make the SAME cars they are already making, and selling, in European markets. But as we used to say when we were kids..... "something is rotten in Denmark" because their stubborn defiance to make any changes here are high indicators that they want these companies to fail in the United States.
Their lifestyles can't possibly change that much, after all, they all have more money that God.
I have a feeling that Europe is where they want to be and sell their vehicles here. Of course, made elsewhere. We are nothing more than open wallets, unfortunately, we are now empty wallets and the consumer power of the past has not only been eroded over the years, but it has come to screeching halt.
Retailers are sweating bullets, their stores closing, the importers can't sell their wares here either since the AMERICAN consumer is broke, unemployed and loosing their homes.
Are we all aware that the Energy Department has $250 BILLION dollars for the auto industry, exclusevely earmarked for innovation?
It is obvious that they would squander that money and produce nothing. How do we know this? because they are asking to release that money into a loan (to be paid much later, I'm sure) and not worry about the nonsense of innovation.
Is Bio Fuel the way to go?
Solar Energy?
Electric power?
How about building connecting thingys .... oh, I don't know... like the railroads in Japan with their bullet trains...
How about ANYthing that works? That would be innovation and we can't have that.
When they refer to the workers it is always with disdain, as a good old (very young, actually)l queen saying "let them eat cake".
I say "Off with their heads". Let these companies sink and, like a Phoenix. a new industry rise up from the ashes unencumbered by corruption and complacency.
PEACE to all.
http://www.spousalcaregiver.com/
I don't mind bailing out the auto industry or Wall Street.
What I do mind is the lack of a cohesive plan in which people are held accountable and the consequences are dire.
Mr. Paulson has already squandered half the loot and has single handedly decided that the homeowners are not part of whatever plan he hatches that day.
The auto industry went to apply for their bailout money today and they all flew in their corporate jets.
The total lack of disconnect between their actions and their lifestyle is mind blowing.
Both parts of this bail out (the wall street crooks and the automobile thugs) don't seem to think that their livestyles and their way of thinking needs to change in any way. All they want is to continue as usual and feel a sense of entitlement to tax payers dollars.
All 3 CEO's spent over 30K flying in their own private jets.
I just found out that GM is opening a multi-million dollar factory in Russia to build European cars there.
It is a good thing that the Auto Bailout Vote was cancelled today.
The majority of the people in this country are fed up. They have been bled dry and to make matters even worse, there is no one advocating for their needs in Washington.
The Big 3 has blamed everyone but themselves for their inability to successfully manage a very competitive business.
For years they have complained about the cost of health care and have done NOTHING to advocate National Health care. They have blamed the Unions and the workers. They have the ability and as I stated in another post about cars they are making, and selling, in Europe that exceed the 60 mile a gallon litmus.
They could have refitted their plants to make the SAME cars they are already making, and selling, in European markets. But as we used to say when we were kids..... "something is rotten in Denmark" because their stubborn defiance to make any changes here are high indicators that they want these companies to fail in the United States.
Their lifestyles can't possibly change that much, after all, they all have more money that God.
I have a feeling that Europe is where they want to be and sell their vehicles here. Of course, made elsewhere. We are nothing more than open wallets, unfortunately, we are now empty wallets and the consumer power of the past has not only been eroded over the years, but it has come to screeching halt.
Retailers are sweating bullets, their stores closing, the importers can't sell their wares here either since the AMERICAN consumer is broke, unemployed and loosing their homes.
Are we all aware that the Energy Department has $250 BILLION dollars for the auto industry, exclusevely earmarked for innovation?
It is obvious that they would squander that money and produce nothing. How do we know this? because they are asking to release that money into a loan (to be paid much later, I'm sure) and not worry about the nonsense of innovation.
Is Bio Fuel the way to go?
Solar Energy?
Electric power?
How about building connecting thingys .... oh, I don't know... like the railroads in Japan with their bullet trains...
How about ANYthing that works? That would be innovation and we can't have that.
When they refer to the workers it is always with disdain, as a good old (very young, actually)l queen saying "let them eat cake".
I say "Off with their heads". Let these companies sink and, like a Phoenix. a new industry rise up from the ashes unencumbered by corruption and complacency.
PEACE to all.
http://www.spousalcaregiver.com/
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