Wednesday, November 19, 2008

The Economy

Ronni Bennett wrote a wonderful piece on her blog Time Goes By titled "Restoring Confidence in the Economy." Please check it out if you get a chance. You'll be glad you did. The comments are good on it, too. Here's an excerpt from it.
Just last week we were treated to news that some banks have set aside several billions of bailout money for executive bonuses this year. With the exception of one or two, there has been no announcement that the CEOs and other leaders of banks and corporations who wrecked the economy (leaving many elders and others destitute of a lifetime of savings) have been fired. No salaries have been reduced to governmental levels even though bailout banks are being partially nationalized.

While these people keep their several mansions, Bentleys, yachts, art that belongs in museums, dozens of $5,000 suits, astronomical salaries and bonuses, the American people are paying for it all in blood, hunger and cold in winter.


frogponder said...

Is pretty darned amazing, isn't it??

And while we're on the subject - I saw some movie star show up on a news show today, giving her opinion on cabinet position decisions that Obama is making and went on a mini-rant to The Engineer (the innocent bystander just trying to have his morning coffee) why do we value these people's opinions and pay them such gawd awful salaries for play acting and look what teachers and policemen and firemen make and blah, blah, blah - which kind of ties into the post I just put up - but not really....