Re: [Random Political Thoughts and News] Yahoo! News Story - Administration plans...

The problem isn't free market capalism.  The problem is the government.  There is no such thing as too big to fail.  We are allowing that to be the disadvantage.  The only reason they expect a bailout is because the government has bailed them out.  If you don't have drugs you don't have a drug addict.  Don't bail them out, if they fail then they fail.  It would be a huge hit to the economy but we are creating a far worse problem by bailing them out.  One of the advantages of a free market is its ability to correct itself.  We should have allowed them to fail.  If you are taking risks that aren't wise you lose.  If you are building cars people don't want you lose, that is a free market.  We haven't allowed the free market to work properly by ridding itself of posionous companies.  If they fail other companies and future companies will learn and correct the issues that caused the failure.

----- Original Message -----

From: Derek Lastafka

To: 'Monkey Suit'

Sent: Wednesday, October 21, 2009 5:56 PM

Subject: RE: [Random Political Thoughts and News] Yahoo! News Story - Administration plans...

The average Executive used to make 40 times more of what their normal employees made.  That number is now 300 times more.  What's wrong with that picture?  Companies fail because they pay themselves way too much money.  They overextend themselves and they know and expect the government to bail them out.  You know how they know that?  These guys dish out tons in campaign and lobbying money for politicians and the politicians then owe them favors.  What people don't understand is that we are forced to bailout these banks because they are the backbone of our capitalism.  Every economic system has a disadvantages and "Too big to fail" is free-market capitalism's Achilles heel.

 

From: Monkey Suit [mailto:slalley@windstream.net]
Sent: Wednesday, October 21, 2009 4:21 PM
To: d.last02@gmail.com
Subject: [Random Political Thoughts and News] Yahoo! News Story - Administration plans...

 

Monkey Suit (randompoliticalthoughtsandnews@yahoo.com) has sent you a news article.
(Email address has not been verified.)
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Personal message:

90% Holy Shit!!! Are you kidding me? How much is his pay and his dumbass VP's going to be cut? We really should've had a good option, someone with knowledge of the economy when we voted for president. Because this is what happens when you have someone with little to knowledge of economics. He has a preconceived view of the people running businesses. Now he has the power to cut the salaries of executives(who he hates) and he is doing it.

Administration plans big pay cuts at bailout firms - Yahoo! News

http://news.yahoo.com/s/ap/20091021/ap_on_bi_ge/us_obama_executive_pay

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Yahoo! News
http://news.yahoo.com/

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