The Mudcat Café TM
Thread #87288   Message #1629721
Posted By: Bobert
17-Dec-05 - 07:26 PM
Thread Name: BS: Should Feds Bail Out G.M.???
Subject: RE: BS: Should Feds Bail Out G.M.???
Chump change, Bruce, compared to what most C.E.O.'s make... Even the ones who can't even get thier corporations to make a profit...

But, yeah, I was thinking that, hey, here we've given all this money to the monied class who have either invested it off-shore or lent it to middle class families to buy junk they don't need, you know, like food... An' Bush says, hey, we gotta keep giving this money to the rich because it's good for the econmomy...

Well, if we took it back and set up some kinda national pension insurance fund that would help both the retirees, who would spend the money back into the economy, as well as helping our older companies compete with the younger ones that don't have the pension anchor around their necks...

I don't see the down side other than the redistribution of wealth going back to the middle class rather than the opposite we've seen for the last 20 or so years...

Bobert