GM management says not to worry, because some of the profits from the sale of cheap cars made in foreign countries by workers who don’t have full labor rights in factories that don’t meet environmental standards will come back to the United States, to GM executives. A little of that money, then, will trickle down all over the rest of us.
The thought that occurred to me most strongly is that the relative ethical worthiness of these corporations can’t be adequately judged with just a couple of different numbers describing limited aspects of their performance. On the other hand, it’s important to remember that each and every one of these corporations, even Capital One, has set itself apart by coming to the government with cap in hand, begging for money.
When someone heads over to CafePress and searches for a button, bumper sticker or t-shirt carrying a message, they’ve got that message so strongly burned into their brains that they feel the need to express it publicly, on a physical object that they’ll pay money
When a shopkeeper uploads an image to CafePress to place on a t-shirt, a bumper sticker or a button, she or he is encouraged to add “tags” that describe an item. To assist in tagging decisions, CafePress will indicate how many people searched a particular
Having public scrutiny over the practices of financial firms is a good thing. Allowing them to keep their mismanagement hidden is what got us in this trouble in the first place.
Among the people who say that getting the AIG bonus money back is the wrong thing to do is Ron Paul, who also says that there is an international bureaucratic conspiracy…
Anyway, there are protests against corporate abuse of bailout money in scores of cities around the country scheduled for tomorrow. Check out the Take Back The Economy web site for information about what’s happening near you.
An insurance company like AIG can be recreated. Coral reefs, once they’re destroyed, may not return for millions of years, if they ever come back. So, why is AIG getting such a big bailout, while NOAA, which protects the world’s oceanic resources, is getting a mere pittance?
In the Senate vote yesterday that attempted to block the additional spending of 350 billion dollars in big corporate bailouts, there were the following Democrats who had the strength to critically examine the incoming President and defy the Democratic Senate leadership.
The Systematic Foreclosure Prevention and Mortgage Modification Act looks like a plan that could responsibly protect our nation from true economic disaster. But will it have the lobbyists required to gain passage?
It’s as if the bailout money was taken to support the wealth of a very small number of people who already had plenty of money to spend, instead of being used to help the overall system upon which most Americans depend. Yes, I’m getting a very as if feeling about this bailout.