With news of the stock market plunging after the government requiring the resignation of the head of General Motors and lots of restructuring of the Auto Industries themselves. I am finding myself in a quandary. I understand that WE bailed them out. Tom and I have always been of the the opinion...if you don't ask others for a handout, then you don't have to give account for your actions. They asked, now Big Brother is watching!
But my quandary is this... why aren't the Financial Institutions being held to the same standards? For crying out loud, they handed over BILLIONS with no questions asked and are still not held accountable! Not one of them have been asked to step down...they have gone on trips, gotten bonuses and as the government drools over them WE the little people are paying to bail out these crooks!!!
Believe me, I know the little people suffer most...my husband is retired from Ford Motor Company. And back in the 1980's took concessions and pay freezes to keep them afloat. Some of his co-workers were laid off indefinitely, knowing they may never be called back! Here we are again, and this time I blame our politicians...they are the ones who voted in the North American Free Trade Agreement. (NAFTA)
Let the foreign automakers, come in here and takeover. And while I'm at it the Steel Industry in this nation went first...McLouth Steel no longer exists, Great Lakes Steel is shut down for at least a year and Rouge Steel once owned by Ford Motor Company is now called Severstall, and it is owned by a Russian company.
Well, I have calmed down, my ranting finished for now. Don't think I'll watch the news for awhile...it just keeps my fire stoked and I don't need anymore smoke!
Yes, Things they are a changin'. Nothing is certain anymore...except for my Salvation and the hope I have in a God, who will see me through whatever lies ahead.
Love to all!