Word of GM’s recently kicked to the curb CEO Rick Wagoner is still vigorously spinning public opinion wheels. Unlike Wall Street, bolstered with bailout funds despite evidence of aggrandized greed, the Obama administration will sustain Main Street’s GM and Chrysler with temporary life support. Unimpressed with the companies’ respective restructuring plans, the U.S. government commandeered the driver’s seat, forcing Chrysler’s hand in marriage to Fiat and ousting GM’s ineffective chief.
The money manipulative fat cats in the financial industry have skirted the stringent accountability to which GM and Chrysler have been held. When AIG doled out the latest round of hefty bonuses, President Obama expressed consternation but no heads were chopped although deservedly so. In fact, it wouldn’t bother me one bit if Secretary Treasurer Timothy Geithner stepped up to the guillotine first for his breach in governmental transparency. Reportedly, Geithner co-signed AIG’s bonus plans before distribution of the checks ignited public fire.
Though many argue that the financial and automotive industries are dramatically different in market dynamics, others note presidential loyalties gelled in colossal campaign contributions: “Wall Street owns Obama like Big Oil owned Bush.” You can't very well oust the folks that gave you 40% of the money raised for your campaign (at least that's what I've read).” See Wall Street Watch’s “Sold Out: How Wall Street and Washington Betrayed America” at www.wallstreetwatch.org for substantiation. Once again, instead of the pre-election change carrot that was dangled, “Big Brother” in cahoots with big business looks like status quo.
If anyone needs a bailout, it’s the American public. Outsourcing wielded the first knife in the American worker’s back and now due to economic necessity, employers are slashing jobs rather than creating them. But where are the stimulus funds for retraining since education as a high-cost reinvention tool remains massively inaccessible? Whatever it takes, bankruptcy for U.S. auto manufacturers must be averted because the non-executive hands of men and women that have produced GM and Chrysler’s hermetically challenged vehicles, whether black, white, yellow or brown, are the ones truly worthy of being saved.
The money manipulative fat cats in the financial industry have skirted the stringent accountability to which GM and Chrysler have been held. When AIG doled out the latest round of hefty bonuses, President Obama expressed consternation but no heads were chopped although deservedly so. In fact, it wouldn’t bother me one bit if Secretary Treasurer Timothy Geithner stepped up to the guillotine first for his breach in governmental transparency. Reportedly, Geithner co-signed AIG’s bonus plans before distribution of the checks ignited public fire.
Though many argue that the financial and automotive industries are dramatically different in market dynamics, others note presidential loyalties gelled in colossal campaign contributions: “Wall Street owns Obama like Big Oil owned Bush.” You can't very well oust the folks that gave you 40% of the money raised for your campaign (at least that's what I've read).” See Wall Street Watch’s “Sold Out: How Wall Street and Washington Betrayed America” at www.wallstreetwatch.org for substantiation. Once again, instead of the pre-election change carrot that was dangled, “Big Brother” in cahoots with big business looks like status quo.
If anyone needs a bailout, it’s the American public. Outsourcing wielded the first knife in the American worker’s back and now due to economic necessity, employers are slashing jobs rather than creating them. But where are the stimulus funds for retraining since education as a high-cost reinvention tool remains massively inaccessible? Whatever it takes, bankruptcy for U.S. auto manufacturers must be averted because the non-executive hands of men and women that have produced GM and Chrysler’s hermetically challenged vehicles, whether black, white, yellow or brown, are the ones truly worthy of being saved.
AMEN!!!!! Great read - and deserving of a round of applause and several snaps!
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