The enormous greed of many companies is finally coming out and the companies are falling or being bailed out. While those same companies were so shaky, the CEOs and other top officials were taking and taking and taking multi millions of dollars as perks and other items they felt were theirs to have. What bothers me is that these people who are running the private companies obviously do not care about their own companies enough to stop the payments to themselves and help their company. The result is that the American public is going to pay and pay while the CEO gets to be in the lap of luxury. What is wrong with this picture?
Several of the top officers in the failing companies you have heard about recently in all the bailout talk were grabbing and grabbing. Their company is failing and they grab. Personally, I feel that each of these people are not worth the money that they are receiving. I do not for one moment think that even the top official in the company does enough to be paid multi millions of dollars. No one is that good. No one. These people get $30, $40, $60 million in pay, stocks and other perks. Where is the justice in that?
Now the bailout that the congress is working on is going to limit those same people to much less. That is so good. Why should they sit in beautiful surroundings while the rest of us struggle to exist when their own company is failing because of just such greed?
In the meanwhile, another bailout was happening at the same time but little media coverage occurred due to the massive bailout of the Wall Street greed companies. The Other bailout was for the Big Three auto makers who have also been having a rocky year. They, too, have been suffering due to the financial problems stemming yet again from greed. Does no one see this? The housing market is falling on hard times because of greed. Those lenders that are just about to fall on their own faces or already have, ended up this way due to ridiculous loans that could not work in the long run. Yet the greed of those who thought up this stupidity is the cause of the whole thing.
Gas prices are another reason for the Big Three problems. Greed again, this time coming out of the middle east…at least at first. OPEC has been playing us like the fiddle we are trying so hard to be. They cut production and raise it at their whim. We, here in the states, feel that each and every time. People in the 70s with a curious lack of foresight did nothing to help our situation though they knew about it even then. Heck, *I* knew about it then. How could they not know? Just as the engineers down in New Orleans did nothing about the levees that broke, people here could have done something to stop this madness long, long ago. But they did not. Now, big oil is working with that. Their greed is exceptionally obvious yet no one does a thing.
However, just as Wall Street is finally getting to see what the results of their greed is, big oil will soon follow along as each of the greediest companies on the face of the earth fall or get bailed out. Soon, there will be nothing left to bail them out when the public wakes up to the fact that, eventually, they….meaning *we* will be paying the bills on all this. Sure we will. Those of us who can hardly make it through to the next month on what we have, those of us who cannot make it from month to month, we will be paying the bills that the greedy companies are costing us though the bailouts. Just as there once was a revolt against double taxing and taxation without representation, there will be another revolt when the American public has had enough of greed and will be unwilling to pay another dime.
Wall Street, CEOs, Big Oil…..do not relax. The American people may sometimes be slow to act but we are here, we see what is happening and we are no longer willing to just sit back, pay out, live from paycheck to paycheck….and then pay more for some greedy CEO or company that gets millions of dollars to live large. The honeymoon is over.
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