Our economy needs a bail-out of some kind...there's no doubt about that, but the plan being pushed by the Bush administration is a joke. There's no help for the common joe like you and me, so who does benefit?
The CEOs of these companies are going to get massive pay-offs...for basically doing a crappy job. I always thought quality work was supposed to be rewarded.
Let's face it, the current parties and their asinine policies are what has brought us to this point. Do we really think it's a good idea to continue to let them try to fix it?
If you're interested in reading part of the proposal, click here. Please pay special attention to the statement...
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
If you feel like me, that there has to be something better than this, please contact your Congresspeople...not that I feel it will really do any good...
Contact your Representative
Contact your Senator
Tuesday, September 23, 2008
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1 comment:
They were talking about this in the markets section of our local news earlier and the market guru Angus Watt a highly respected guy that knows what he's talking about suggested that they should dole out the money in bits at a time 200B here 200B there type thing,just to see how they're using the funds so it doesn't go into the hands of some CEO to line his pockets.
The practice of paying somebody off after they resign or buying out a contract is nothing new. It's not only done at the high levels of Government and business J but even at the company level. When my wife left the WCB just before we got married they gave her a severance package of $25,000 plus a nice retierment package as well when they bought out her contract.
Buying out a contract is a natural way of doing business. It makes my blood boil to, when I see these CEO's get millions but it's in their contract. I know it sucks but it's just the natural part of doing business.
Jim
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