The problem with America

     Many of you who are reading this are probably familiar with the government bailout of GM a few years back.  What you may not have heard about this is that the President proposed, as a condition of the bailout limited salaries of the CEO of GM, and several other large companies which were to receive bailout money to $500,000/year (source New York Times).  The cap that was later increased by a substantial amount. I am sure that many of the people reading feel this salary cap was a good idea. As you would expect, GM feels very differently about the matter.  According to the HuffingtonPost, the CEO of GM was paid $7.7 million in 2011. You are  probably thinking that this is a ridiculous  amount of money, but apparently GM didn’t feel it was enough as the company wanted to pay their CEO more money,   but couldn’t due  government regulations. As you may have guessed, GM Corporation did not like this a bit. Being in America, they had to cry about it like a little bitches, and get what they want. GM argued that the salary limits were limiting their “ability to compete for good talent”.  Seriously! That is just plain ridiculous. Being an awarding winning actors/actress or pro athlete takes talent. Being a top executive does not take talent, business knowledge maybe but, even that is debatable when so many companies go belly up and usually shit can their CEO. They also stated that their CEO’s salary was less than that of CEO’s at comparable companies.  

        What leads me to question whether or not GM actually needed the bailout money, is the fact that, they flew private jets to Washington to beg for their taxpayer bailout. That’s like driving a brand new Cadillac to your local welfare office to apply for food stamps. If you attempted this, you would of course get denied or possibly thrown in jail for attempted fraud. (This may be an exaggeration but you get the picture). I really feel like they could have at least downgraded to a limo or something, but this is America we are talking about, and corporate executives are apparently too good for that.  Corporate executives can get away with stuff like this all the time. Let’s face it, this is America, and they are allowed to get a way with whatever the hell they want. If its one thing that American’s know, it’s that anything is ok when you are wearing a suit. The sad thing is, this is only one example of corruption that is destroying our country. If you want to read more about this, you can check out the full articles of my sources at the bottom of the page.

                I believe that a lot of the problems with the U.S. economy stem from the fact, that many of the top executives in the country make absorbent salaries. I have nothing against people making decent salaries. It’s not so much the salaries of the tops executives, but how they make their money. These are the people that you may often hear referred to as the top 1%, or the one percenter’s. You might be thinking that it shouldn’t matter how they make their money, but it matters to me and a lot of other Americans.  When absorbent salaries are made by paying the people at the bottom of the ladder in their company next to nothing, using deceptive business practices, and ripping off their customers it just causes economic problems. I have nothing against doctor’s lawyers or people of other similar occupations making several hundred thousand dollars a year. Statistically people like this may be considered the top 1% wage earners; however I do not consider them ‘one percenters’. I wouldn’t even have anything against corporate executives making millions of dollars a year if they could, if they could do it while paying employees at the bottom a decent wage and using honest business practices.  More often than not, this isn’t the case.  Cooperate execs would like to have the American public believe that mega retailers like Kmart, Target and others cannot afford to pay more than minimum  wage. I do not believe this for a minute. Especially; when some of them, like the family which owns Wal-Mart are worth billions. In Wal-Mart’s defense there has been mention in the news media somewhat recently about their plans to increase the wages of their lowest paying employees a significant amount. It would really be great if a lot of the other mega retailers in the country would follow suit.   Just like retailers, factories also have to be competitive, I believe more so than retailers, as they have to compete with factories in china. Retailers shop around for price far more often than a consumer does making factories even more competitive. That being that case you would think that factories would be the ones paying minimum wage but, the fact is that factory jobs are the only class of non-skilled jobs in America that generally pay decent wages.  This makes as much sense as wiping your butt before you poop.
      This is the problem with America; we live in a country that is run not by the President, Congress or the American people, but by the dollar bill. Most people do not realize the people we call lobbyist are actually spokespeople for the cupidity of corporate America. It is all about the money.   Is this what we have become, a country run by a green piece of paper, with a picture a dead President on it?

sources:
http://www.cnn.com/2008/US/11/19/autos.ceo.jets/
http://www.huffingtonpost.com/2012/04/27/gm-ceo-dan-akerson-pay_n_1460195.html
http://wjla.com/news/business/treasury-oks-big-pay-raises-for-gm-ally-despite-bailouts-107465
http://www.nytimes.com/2014/09/25/business/report-rebukes-treasury-for-bailout-pay-packages.html

submitted by anonymous Oct, 25,2015

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