Rescuing the Big 3...

It seems like every "large industry" in the United States now feels entitled to be "rescued" (aka bailed out, resuscitated, etc) by the Congress of the United States of America. Where does the "Congress of the United States of America" get all that money for the various and assorted "rescues" that have taken place recently?

From me. From you. From every taxpayer in this nation....we are the ones "rescuing" all of these "industries" that are you "too big to fail."

But why should we rescue Chrysler, Ford, and General Motors? When the average Chief Executive Officer at the "big 3" make in excess of 20 MILLION dollars each year, why should I rescue their "company"?

I'm very puzzled about this one...truly I am.


Amanda said...

Found your blog through Dave's and happened to read this post.
I, too, have asked myself this same question. I work for a Honda dealer, my husband provides the chemicals for every dealer in our area and towns that surround us.
I believe they are asking for the help so that thousands of employees will not loose their jobs. The dealer that I work for is the only dealer in this area that has not fired an employee. Our hours have been cut, our pay has been cut, but we still have our jobs. I have total respect for the way my employer is dealing with this crisis. Thankfully, Honda is not a part of the Big 3, but thousands others are.
I am torn on this but if something doesn't happen, more families will suffer.
That is my guess to all of this.

Hope you don't mind my comment.

God bless.

Jackie Johns said...

Great observations (as always) and a great question.

Let me quibble a little. In addition to us, it might by my children and grand children who finish paying this bill. And that won't leave much for them to pay for our Social Security.

In Christ

Olivine Lo said...

Dear Mr. Hoover,

I am a postgraduate student at the Chinese University of Hong Kong. I am currently working on a research paper about CEO weblogs and would like to ask you a few questions on this.

I saw your comments on Mark Cuban's weblog and I hope you would take a few minutes to provide me with your valuable comments on the questions listed below. Your kind attention and contribution mean a lot to my paper.

1.Why are you interested in reading this CEO's weblog? What other CEO weblogs you also browse?
2.What motivate you to write comments to these CEOs?
3.Do you expect the CEO will reply to your comments personally via email or via their weblog postings?
4.If the CEO do not reply you to your comments, how would you feel?
5.If the CEOs replied to your comments, will you feel you have established a relationship with them? Why?
6.Do you comment on the postings from other bloggers on these CEOs weblogs? Why?
7.Do you feel you have established a relationship with these bloggers?
8.Do you leave your contact details besides blog link?
9.Do you still trust this CEO if he/she has not replied to your comments?

Could you please reply to my email:
Thanks a lot!

Olivine Lo