Thursday, September 18, 2008

Our economy is strong?

What do the candidates mean, especially McCain, when they say our economy is strong?

Just about every day there is news of some corporation or other being 'bailed out' by the government. Or maybe just going belly up and filing bankruptcy. And these are not your mom-and-pop businesses, they are some of the biggest corporations in American history!

I can't help wondering just exactly what it is going to take to wake up the American People , and make them DEMAND that there be accountability for these huge defaults. It is obscene that, while FNMA and FreddieMac have failed, their CEOs and other head honchos are collecting HUGE "Golden Parachutes". Of course, making those folks give back the money they obviously have NOT earned is just a drop in the bucket compared to the huge losses the corporations have endured, but it is a start!

IMHO, those in charge at FNMA, FreddieMac, Lehman Brothers, Merril Lynch, WaMu, Countrywide etc., should all be charged with fraud and mismanagement of funds, and sent to jail, and have all their assets (those we could find!) stripped.

The American People need to stand up and DEMAND that no one profit when a corporation goes down the tube.

Can't you see those executives laughing all the way to their (offshore) bank?