The Cellar - View Single Post - While you're all outraged about the bailout...

sugarpop · 04-10-2009, 01:32 PM

I read the article on another forum, and yes, I did read all the responses from the past few days about this.

#1, Rick Wagoner should have been fired ages ago. The fact that GM came grovelling to Washington for taxpayers to bail them out made Washington in effect the BOD. The board has the power to fire someone who is ineffectual, which is what happened here, and IMO should happen at some banks as well. If GM had not confiscated and crushed all the electric cars they made back in the 90s, they might be on top right now. But no, they made stupid decisions and inferior cars, and now they are in trouble. As for cars, fuel efficient cars should be mandated, for health reasons, and for national security reasons. Anyone who doesn't get that is just stupid.

#2, something needs to be done about executive pay. We have been needing this for a very, very long time. I am hoping they extend it to all companies, not just those taking TARP money.

#3, Class warfare was declared on the middle class years ago. It's time the middle class got someone in their corner fighting back for them, since they really have no power to do it themselves, other than taking up arms and fighting a bloody revolution against corporations and government, for not looking out for their interests.

#4, it is friggin' ridiculous to think Obama actually wants to control banks. IMO he isn't going far enough. If the people in charge had been doing their jobs this crisis would not have happened. So, if capitalism loses ground to socialism, they can only blame themselves. And hip hip hooray.

04-10-2009, 01:32 PM	#3
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	I read the article on another forum, and yes, I did read all the responses from the past few days about this. #1, Rick Wagoner should have been fired ages ago. The fact that GM came grovelling to Washington for taxpayers to bail them out made Washington in effect the BOD. The board has the power to fire someone who is ineffectual, which is what happened here, and IMO should happen at some banks as well. If GM had not confiscated and crushed all the electric cars they made back in the 90s, they might be on top right now. But no, they made stupid decisions and inferior cars, and now they are in trouble. As for cars, fuel efficient cars should be mandated, for health reasons, and for national security reasons. Anyone who doesn't get that is just stupid. #2, something needs to be done about executive pay. We have been needing this for a very, very long time. I am hoping they extend it to all companies, not just those taking TARP money. #3, Class warfare was declared on the middle class years ago. It's time the middle class got someone in their corner fighting back for them, since they really have no power to do it themselves, other than taking up arms and fighting a bloody revolution against corporations and government, for not looking out for their interests. #4, it is friggin' ridiculous to think Obama actually wants to control banks. IMO he isn't going far enough. If the people in charge had been doing their jobs this crisis would not have happened. So, if capitalism loses ground to socialism, they can only blame themselves. And hip hip hooray.