Today's key issue is the bailout of the auto industry. What do you think? Yes or no? What form of help?
Our government is "leading" us on a slippery slide down the path of socialism. When things go well, big business and Wall Street want no intervention from government. In order to satisfy their greedy appetites Business Execs and Wall Street treat any regulation or oversight as the plauge. Now that they have sucked all of the value from our economy into their personal coffers they ask for our help to rescue them.
That is an oversimplification at the least. Jobs of hundreds of thousands are at risk. Some form of help is needed. It would be best if vendors, stockholders and bondholders could be protected. A lot of retirees have these holdings directly or through mutual funds.
With the exception of Ford, it is my opinion that the CEOs and CFOs of these companies should be replaced. It's rediculous that at this last hour that they just realized this need. Their greed and refusal to recognize reality cannot be rewarded! These guys can't lead these companies out of the problems that they led their companies into. Solving these issues will require new thinking and at the core, new leadership qualities. What do you think?