I completely agree. There's a different standard out there when it comes to Corporations and Corporate bigwigs. It doesn't matter if they've been and continue to be irresponsible. Doesn't matter that they've made bad decisions. Doesn't matter that they feel entitled. Doesn't matter that they lived life large and enjoyed all the money in the good times and didn't save up for bad times. Doesn't matter that they ran their companies by over extending their debt...
In America, Corporations can do no wrong and are never punished.
It is the people who carry the brunt.
- Bought a home that was within your means but got taken in by an unscrupulous mortgage lender who saddled you with a fancy mortgage instrument that "balloons"?
Hey! you should have done your homework!
- Been absolutely responsible with your money, but now have lost most, if not all, of your hard-earned 401(k)?
Tough luck, mate! No one could have predicted this!
- Been very careful with your home purchase but the value of your home has fallen so much that you've lost all your savings?
Sorry, old champ! That's life!
- Got laid off because your CEO spent the company money on refurbishing his office and now cannot pay you for the honest day's work you are doing? Lost your health insurance since you don't have a job and now cannot pay for your terminally ill wife's treatment?
- Buddy, this is a capitalist society. Don't expect welfare!
But, if you are a bigwig in a Corporation, just go wailing to Washington with a begging bowl.
"Baawwwwlllllllllll! The economy tanked. No one could have predicted this. We cannot run our business. We didn't foresee this. HELP US! Bail us out so that we can continue to squander the common man's hard earned money. "
And the poor sucker taxpayer will come to your rescue.
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2 comments:
it is amazing to see that it has been so long since the housing crisis that has adversely affected the economic crisis has been on the forefront, and not a single measure has been brought forth to help the common tax payer! WHile the corporations who have aggravated the economic mess by convoluted unregulated financial instrument have been getting welfare, which they have promptly used for paying out bonuses
You are right. It seems like no one cares for the common man. That people and corporations with the "right" connections make it big and have their concerns heard. They also seem to be able to sway the law to benefit them. This is not America as it should be: where work is rewarded. It is an America where you get by, by who you know not what you do! Corruption is the same whether you call it corruption or something else.
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