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The auto companies get their loan


I confess, I’m not happy that the auto companies have been approved for a bailout loan. I guess I should be looking at the bigger picture but it just seems to me that all this does is allow these folks to continue with the same old same old, executives making salaries as high as 28 million per year to run their companies into the ground so they can turn around and tell the goverment that if they don’t bail them out hundreds of thousands of people are going to lose their incomes. These hundreds of thousands of people are of course the people doing all the work while the CEOs sit in their big offices stroking their fat egos and getting paid ridiculously high salaries for doing nothing.

No, I’m not happy that the unjustly rich have won while the treasury secretary is griping about plans to help out the little people who are about to lose their homes. Who cares about the little people? How does it benefit the country to help prevent people from losing their homes?

Don’t get me wrong. I understand that the auto bailout will be helping to salvage jobs; but I think if no stipulations were put in place to do something about corporate salaries then these companies will just continue to be run the same way. What’s the incentive for the people at the top? They know that when push comes to shove the government will bail them out. All they have to do is pretend to care about their employees livelihoods, cry about all the jobs that will be lost and the great impact on the American economy, on the US dollar.



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