Looking For Handouts, While Throwing Punches

First Wall Street told us the sky would fall if they failed. Financial CEO’s with they big dollar salaries and perks galore told the federal government if they didn’t give them money, the entire economy would collapse. Going against public opinion, the government decided to hand out billions of dollars of taxpayer money to prop up Wall Street. We now find ourselves on the other side of the bailout, and not much has changed. Expect for companies like AIG who could afford their all expense paid business trips, Wall Street continues to grind along.
Not only did the sky not fall, but Black Friday sales were up this year!
Now it’s the automakers turn to strong arm the nation. Their first trip to Washington did not go well. They were sent packing as nothing more than greedy CEO’s looking for a handout. As one leader said, “They arrived on Capital Hill in their private jets with a tin cup in their hand.” Not only did Capital Hill not buy it, but the nation has not bought the song and dance either. A recent CNN poll reveals that once again the majority of the people in the nation are against any kind of bailout. Of course the automakers are quick to say it’s not a bailout. They say they’re looking for a loan. But, if one were to check their credit report, I would say it doesn’t look good and therefore their credit rating number is rather low.
Of course we know what that means, if you have a low score, you don’t get a loan.
Read on …