When Will We Know That Wall Street is Serious?
There seems to be a deafening silence from the CEOs of many Wall Street firms about their golden parachutes. When they start coming foreword in droves agreeing to take only $1 per year in salary until this mess is cleaned up, then we will know that they think that the country is in dire enough straights that they are willing to make a scarifice for their country.
Why is it that mostly middle and lower class citizens are willing to give up their lives to save the country in war, but the CEOs aren’t willing to give up anything in a financial crisis?
I always believed that when you give someone a gift, you should not expect anything in return. That is the true meaning of a gift.
Did the American people know the conditions in which they gave huge tax cuts to the wealthy? Did they realize it was a gift for which they would receive nothing? Do they still want to keep on giving?. Why is it that only lower and middle class feels the need to give, but the people who benefit most have no moral compunction to contribute anything?
If the U.S. Government does not agree to a $700 billion, no strings attached bailout, what will these companies do? Will they seek capital from the governments of China and Saudi Arabia? What kind of deal do they think they will get from those governments?
If it is morally wrong and uncapitalistic for the U.S. Government to get something in return for its investment, why do we think it would be better for China and Saudi Arabia to make that investment?
If the only choice for our country is between American run socialism and Chinese or Saudi Arabian run socialism, which choice do you think the American people will make?