Friday, May 01, 2009

Chrysler's Plant Closing

Let me get this straight -- my tax dollars went to bailout Chrysler and the thanks I get for this is unemployed neighbors in Kenosha? And, to top it off, this car company is going to leave a plant opened in Mexico. Well, isn't that just special?
Now, I loved the Dodge Dakota truck I used to have and drove for 150,000 miles. And, I realize that my Suzuki I have driven for the past 8 years and 202,000 miles was made in a foreign country. Consider this full disclosure.
But, I don't think my tax dollars should be allowed to be given over to a company who is going to put Americans out of work and let a Mexican plant remain open.
And, I don't think I'll ever buy another Chrysler again.
God Bless

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Thursday, March 05, 2009

CEO Pay

Just a quick note while I'm eating breakfast -- CEO pay. I hear that people don't want this regulated by the government because it isn't capitalism. Yet, I was reared with the idea that he who pays the band, gets to pick the music. I think if companies are receiving my money or rather our money, then they should have to abide by some very strict rules. Further, I read in Business Week that some people think this will cause an exodus of talent. Really? The guys who screwed up are all going to leave their jobs to find greener pastures because they don't like living with the new regulations they brought upon themselves? Poor, poor babies. On top of that, who in their right mind is going to hire them?
God Bless

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Thursday, September 18, 2008

Let Them Fail...

I believe that when things go bad, you pull yourself up by your boot straps and you take care of it yourself. For the most part (if I ignore my twenties), I've followed this my whole life. Even while I was still in college and hadn't completed my degree, I worked to pay off my student loans.

Now, I'm sorry the people who work for these financial companies are going to lose their jobs, but let the companies fail. By bailing out AIG, we're sending the wrong message to companies. Take big risks and if you're large enough, the government will bail you out so you don't lose your shirt. Well, maybe, they should lose their shirts. The government wouldn't be bailing me out if I overextended on my credit cards, took out a second mortgage on my house (that's what an equity line is no matter what they tell you) and racked up huge bills. No one would be walking around to hand me money, so why should my tax dollars be used to bail out a company that put too much money into subprime mortgages?

When are we going to say enough is enough?

God Bless

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