I need a bailout. Someone help me please. I have a nice house and two cars, but a huge mortgage. Without a bailout, I can’t buy a Porsche or a castle. And if I can’t buy another car or a bigger house, the dealerships and real estate agents will go out of business. That in turn will cause other businesses to go out of business. The economy will sink even more and you’ll lose your job. Please help me help you. Bail me out. If you don’t help me, I’ll have to live within my means instead of on your hard earned money.
If life was a movie, I would expect the President to stand up for the rest of us. He would say something like, “Let’s find another way out of this mess. We’re not going to screw the American taxpayers because of a few greedy corporations.”
On another note, why do Wall Street executives get paid so much? The salary of the President of the United States is $400,000. Whether you support the President or not, I think most people would agree it’s the hardest job around. So why do executives in the private sector get paid millions of dollars? Shouldn’t there be a law that caps executive salaries to be less than the President’s salary? And why do executives receive millions of dollars in severance pay for running a company into the ground? Is failure at taxpayers’ expense something we really want to reward?
This post was brought to you by: Fannie Mae, Freddie Mac, Lehman Brothers, AIG, Bear Stearns, Wachovia, IndyMac Bank, and Washington Mutual.