Thursday, October 16, 2008

Dumb Struck

Since the proposal of the "Wall Street Bailout", I have been absolutely dumb struck.  I have been unable to to put a sentence together which did not contain multiple four letter words.

When this "idea" was first proposed I spent my "free time" calling the House and Senate, writing emails, screaming at the TV, shooting rubber bands at the TV and crying myself to sleep.  Just to wake up the next morning to do the same thing.

Yes, ladies and gentleman, once again we, the taxpayers, get the shaft and no f'ing kiss.

The big kahunas from Wall Street get to walk away with billions of dollars in bonuses, while the little guy pays the bill.

I keep hearing that General Motors is having financial problems.  The hard working people in the manufacturing plants are asking too much compensation and health care costs are too high, but the CEO, G R Wagoner's monthly salary was $183,333.32 per month in 2003, according to the  http://www.secinfo.com/dsvR3.v1fh.a.htm website.  The average hourly wage for the guys and gals on the line is $28 per hour (according to Dean Baker is co-director of the Center for Economic and Policy Research in Washington, DC, multiply that by forty hours, multiply that by 52 weeks in a year, divide by 12 months and you get $4,853.33 per month.  Now I'm not a math whiz, but Wagoner is making 97% more per month than the factory worker.  If he cuts his salary, GM may not have to shut down.

Similar story of United Air Lines, they negotiated with the pilot's union, the baggage handler's union and the attendant's union to cut their wages.  When the unions agreed to a pay cut, the top executives received an increase in their salaries.  Only the people at the bottom have to cut, while those at the top get more.

Money is not the route to all evil, greed is.  When greed takes control, fairness and equality are thrown out the window.


So here I am "STUCK IN THE MIDDLE WITH YOU".

No comments:

Post a Comment