The Chiefs VS The Peons

When Ed Wallace writes articles, I Like to quote some of the things he writes, as they are all so true. He had mentioned the view of many of the industrialists worldwide toward their workers. This one in particular, Fiat’s Sergio Marchionne, stated while they were working to try to save Chrysler, to UAW President Ron Gettlefinger, ‘that the workers needed to accept a culture of poverty.’ Finally, someone has captured a statement demonstrating how some executives feel about the peon’s who actually build their products for them: They aren’t entitled to anything better that a serf-like existence in life; and in retirement they are titled to even less.

It was President Bush who made the decision to save the U.S. auto industry, and while that decision seems to be very unpopular with many Americans, and they want to blame Obama. Our same individuals are OK with our spending almost 150 times more than that, to save Iraq and Afghanistan. The major part of the final push to save Detroit started right here in North Texas, simply because President Bush was then and is now friends with so many of our best new car dealers, also in other parts of the country. He sent one as our Ambassador to England from 2005 to 2009. Politics and relationships form part of our government, everyone in bed with someone. Some of the best known and respected dealers, all extremely loyal to the Republican Party and had given generously to the national republican cause without asking anything in return. Until the day they needed to cash in one big chip, only to find out the game had moved.

Steve Rattner came to his position on the president’s auto task force out of Wall Street. Therefore he knew better than anyone what can happen once a financial company fails, as virtually every last bank and investment bank on Wall Street had. That is this: Not only can the government seize the bonuses of the executives and any other officer of the failed bank corporation, but they can also seize those individuals other personal assets – and those of the bank’s board of directors. We now know that no one on Wall Street in a failed firm that we bailed out, to the tune of trillions of dollars, had to surrender any of their assets or bonuses. Not to mention the fact that they turned around and paid themselves nearly record bonuses in 2009, when the economy was still in the dirt. Some actually paid out bonuses to their workers quickly, before their company was force to merge with another.
I have asked why they didn’t or haven’t yet? I have my own opinion, but I hope Ed Wallace can give me the straight answer, as he really keeps up with all the criminal activity in our government. Thanks for all the information Ed, but it really makes me want to dip snuff or have a big drink of scotch.