Re: OT. Grab your wallets, here come the Dems
- From: Rob Kleinschmidt <Rkleinsch1216128@xxxxxxx>
- Date: Fri, 7 Nov 2008 08:45:48 -0800 (PST)
On Nov 7, 6:16 am, "tomor...@xxxxxxxxx"
<tomorrowerolsdot...@xxxxxxxxx> wrote:
On Nov 6, 10:52 pm, Rob Kleinschmidt <Rkleinsch1216...@xxxxxxx> wrote:
Figure those golden parachutes put a lot of
money in your pocket ? Figure they were
honestly earned and well deserved ?
Some were, some weren't. Shrug. None of our business (unless we
owned the stock and attended he board meetings and cast out ballots on
executive pay) until our elected officials decided to bail out the big
banks and insurance companies.
And then there's GM.
Locked in parachutes, locked in pensions, burn rate
says they don't make it through 2009. Spent the
last decade building gas guzzlers in the face of a
looming energy crunch. Wotta company.
We can't let a bank and its creditors go begging (even though its
small-time individual depositors are all protected by the FDIC) but we
can let an industry that still employes 8-13 million Americans
(depending on your counting methodology) just slip right down the
tubes and - eventually - right out of the country.
No problem, those folks can get replacement jobs at WalMart.
Maybe they could work in the service sector, taking
care of rich foreign tourists.
.
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