Anyone else angry about the treatment Detroit executives received in Washington when compared to the reception Wall Street execs were given? I don't think either one of them should get a bailout, but the fact that the people who actually produce a product were treated so shabbily compared to the people who produce nothing, says a lot about this country and why we're in so much trouble.
California Literary Review Forum » Non-book Discussions » News stories, politics, economics
The Bailout: Car Guys vs Finance Guys
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Posted 1 year ago #
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As bad as the economy is, I think both Wall Street and auto bailouts are necessary (although I'm not sure about Chrysler and their Hedge Fund owners in Connecticut). But I agree with you completely about the difference in treatment they each received. I think it's more class difference and prejudice than a regional difference. The people running this country are so detached from the economic concerns of ordinary Americans.
Posted 1 year ago # -
Yes, and now I read this morning that the Senate is putting the blame on the union's "intransigence." I don't remember employees in the banking or finance industry being required to take pay cuts before being approved for a bailout.
Posted 1 year ago # -
hi
Every dark night is followed by a bright sunny day. So, patience and attention is required and things will be fruitful in near future.
There is nothing called a free lunch is this world. If things needed to be resolved then initiative needs a support to be sorted out.
Eliza
Auto FinancePosted 11 months ago # -
Hat’s off. Well done, as we know that “Hard work always pays off”, after a long struggle with sincere efforts it’s done
mayes
Car FinancePosted 10 months ago #
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