Archive for greed

Illinois Gov. Rod Blagojevich charged with corruption

Posted in 1, Barack Obama, economy, news, Politics, Ranting with tags , , , , , , , on December 10, 2008 by bloggingmom67

Dear Illinois Gov.:

Ill. Gov. Rod Blagojevich

Ill. Gov. Rod Blagojevich

 

What were you thinking? Duh? I mean really. You’re accused of going on a corruption spree that included attempts to sell or trade the U.S. Senate seat left vacant by President-elect Barack Obama.

OK, what exactly were you thinking? Did you think you were Boss Tweed of the days when Tammany Hall controlled New York City politics with an iron hand (and a lot of corruption)?  Well, you missed that era by nearly 100 years.

I guess I understand greed, but I don’t understand why people who try to sell Senate seats think they won’t get caught. If you did this, I’m glad you were charged, and I hope you’re punished.

Rod — can I call you Rod? — do you see our nation is facing one of its largest challenges? The economy is in shambles. We are in the midst of a prolonged recession that’s likely to get worse before it improves, according to Obama.

And — if what you’re accused of is true — you were worried only about lining your own pockets? Shame on you. Really.

bitchy mommy

Barack Obama: Auto execs are ‘a little tone deaf’

Posted in 1, Politics, Ranting with tags , , , , , , , , on November 27, 2008 by bloggingmom67

I watched a clip of part of Barbara Walters interview with Barack Obama, and as I watched him, I knew I was right to support him. She asked about one of my favorite topics: auto executive flying on private jets to ask for a $25 million bailout of taxpayers’ money.

Obama responded just how I hoped he would: “Well, I thought maybe they’re a little tone deaf to what’s happening in America right now. … I think it’s been a problem for the captains of industry, generally. When people are pulling down hundred-million-dollar bonuses on Wall Street, and taking enormous risks with other people’s money, that indicates a sense that you don’t have any perspective on what’s happening to ordinary Americans,” he responded, according to ABC News.

Oh, he get it. After eight years of a president whose main goal in his tax policies seemed to be to reward his wealthy cronies, we have a president who gets what it’s like to be a regular person in America today.

Later, Obama explains that he thinks bank executives should forgo their Christmas bonuses, considering the $700 billion bailout and the financial crisis our nation is in. Again, he answers with a resounding yes.

His words, according to ABC, say it best: “I think that if you are already worth tens of millions of dollars, and you are having to lay off workers, the least you can do is say, ‘I’m willing to make some sacrifice as well, because I recognize that there are people who are a lot less well off, who are going through some pretty tough times.’ “

By the way, the blodface in both quotes is mind. I added it to emphasize what I feel are key points in what Obama said.

Anyway, I’m thrilled. I’m confident Obama has a tough road ahead of him. But he gets it; he’s the real deal; we’re going to be OK eventually!

bitchy mommy

Auto industry execs ride corporate jets to ask for bailout

Posted in 1, Politics, Ranting with tags , , , , , , on November 21, 2008 by bloggingmom67

OK, I may be nitpicking here, but, if you’re headed to Washington, D.C., to ask the government to bail out your ailing industry with taxpayers’ money, you might want to consider not flying in on your corporate jets.

I’m talking about the auto industry CEOs who flew to the nation’s capital this week, begging for help for their businesses, which they basically allowed to flounder. ABC News reports that they arrived in their corporate jets to essentially beg for a handout.

That ABC report says the jet ride cost one of the CEOs, GM’s Rick Wagoner, an estimated $20,000 roundtrip. What?

First, I have no idea if that estimate is true or not. I’ve never been in a corporate jet, and I probably never will be. I didn’t know that it cost so much for one roundtrip. But then I thought about it. You have pay fuel (I know how much it costs to fill my minivan; a jet must be a another matter completely). Then you need to pay staff, flight attendants, pilots, etc. You’ll need food and drinks and who knows what else.

Now I made this point to a friend recently, and she balked. They own jets, she says. Probably was cheaper to fly on them then to buy a last-minute airline ticket. Not so, according to the ABC News report, which found that Wagoner could have flown for $288 coach and $837 first class. Even if he had his entourage with him and even if those rates are low estimates, he still could have made if for less than $20,000 roundtrip. (Or, as another friend quipped: “Why didn’t he drive; he is car maker after all.”)

Why does all this matter? Because this rich dude wants some of my money to bail out his company, which is doing poorly — a problem that is essentially his high-priced self’s fault. And he can’t even try to convey that he gets that his company will have to tighten its belt in light of it’s failure? I don’t expect him to show up in rags, pleading for a money. But I wouldn’t mind.

The way I see it, the auto industry is failing in large part because foreign companies make better cars. Detroit, the solution is — improve your product, and people will buy it. Now I realize that the recent economic problems have increased the auto industry’s woes. I get that. And I can see that if we don’t bail out the auto industry the ensuing layoffs would be very bad for the nation as a whole. Sure.

But as Richard Gere says in “Pretty Woman” as he takes his callgirl/girlfriend (Julia Roberts) shopping on Rodeo Drive: “We need more sucking up here.”

The auto industry by its arrogance gives an impression of a spoiled child, who feels it deserves a big handout and a big thank you. Detroit, you don’t. I don’t agree with Mitt Romney, who says we should just let you hang, so you’ll change your ways. But I’m tempted. Especially, if you show no sign that you might realize that your extravagant wastefulness and corporate greed might be part of your problem.

As Rep. Gary Ackerman, D-New York, told the chief executive officers of Ford, Chrysler and General Motors at a hearing of the House Financial Services Committee in a CNN report, “It’s almost like seeing a guy show up at the soup kitchen in high hat and tuxedo. It kind of makes you a little bit suspicious.”

He added, “couldn’t you all have downgraded to first class or jet-pooled or something to get here? It would have at least sent a message that you do get it.”

Yeah. The analogy I used with my friend was: I’d be a bit leery of giving money to a homeless guy who drove up in a limo. The point is the same. Why should I — and I mean I, the money is part mine – give you money if you’re just going to squander it again?

Bitchy Mommy

  • Get the Bitchy Mommy Blog widget and many other great free widgets at Widgetbox!
  • free hit counter