Sorry for the long time in between posts guys, I've been so overwhelmed with work, school, and family stuff. But, I think right now we have more important things to discuss like the sorry state of our economy.
Recently, a major government entity has come out and stated that we have been in a recession now for almost a year. Well, the truth of the matter is that most people, especially here in Michigan, could have told you that. With the auto companies burning through 2 billion dollars a month, jobs being lost every day, and the stock market dropping faster and faster we have a lot to be scared about.
But, this doesn't mean that we should start running around like chickens with our heads cut off. We've known we were in a recession a long time ago, and what we need to do now more than ever is to get behind our president-elect and start encourageing more responsible spending by corporations. Companies like AIG, the largest insurance company, who just received a bailout by the government are giving their executives expensive spa trips and golden parachutes because Republicans in congress were worried about too much oversite. Well, we obviously can't trust these companies with using the money in a fiscally responsible manner and must take it into our own hands.
Companies should not get any money from the feds without giving us first a plan for the future and massive oversite so that we as tax payers don't have to continue paying for $5 million dollar golden parachutes and $400,000 dollar spa days for executives.
This isn't about politics any more, it's about responsible spending with our money and we deserve to know what's being done with it, and to know that it's being spent responsibly.
1 comment:
Part of the plan the execs for the Big 3 sent to Washington was an offer for every Ceo to take a salary of $1 for a few years. I think that really shows some earnest initiative on the part of the company.
Granted, they have enough money right now that it's really not going matter whether or not they get paid for a while, but the fact that they suggested it I think shows some hope.
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