It Is Better To Give Than Receive (As long as you are going to keep receiving bailout money)

     Ok, ready for some more, I can’t believe it…what were they thinking kind of blog post?  It is better to give than to receive (as long as you are going to KEEP receiving bailout money).  Outrageous news reports of an alledged 12 day trip to Vegas for the top employees for Wells Fargo & Company. 

     In the past years, this has been an alleged tradition of all expenses paid which included many different extravagant perks such as helicopter rides, private concerts, food and entertainment…etc.  While companies are made to look good to their employees by giving away so much; to the rest of us…the companies who do this kind of thing are making a mockery out of the purpose of the bailout money for those companies who have been failing to be financially responsible. 

        How can these corporations, banks and such that have been receiving bailout money from taxpayers still be so blind?  Can they not understand the depths of the resentment of the American people for this financial chaos that we have all been plunged into?  Surely, if these behaviors continue…they will go out of business and deservedly so. 

        The thing is…today’s news of the 12 day planned trip was defended by the company…until there was an uproar and they cancelled the trip.   If that is what it takes, to prevent further financial misuse of the bailout funds, negative peer pressure and pressure from the media, to change their behaviors; then, we are just going to have to be more vocal when we are made aware of an abuse of the American’s financial investment in their companies.

          Let the other industry leaders be forewarned…American tax payers are fed up with the mess that has been made.  I think those at the top of the companies that have received bailout money should be legally responsible for any misuse of those funds.  Let’s see some accountability here by our leaders!

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Cutting Retirement Benefits-Should Be Illegal

     I don’t know about you…but it really upsets me to hear about companies that keep cutting retirement benefits for those who have worked all those years for those benefits.  I really believe it should be illegal to change the benefits, due to a retiree.  I think whatever benefits were in the contract at the time of the worker’s retirement should be enforced until death.  A retired worker lives on a fixed income provided by the pension and benefits afforded them at the time of their retirement…taking that away or lessoning what they receive is at the very least immoral in a world that we all know is getting harder and harder to make ends meet.  Reducing the income of a person who based their decision to retire on what they were promised at the time of the retirement just feels wrong.  How can we expect them to survive in a world that the cost of living is rising disproportionately to the amount of money they receive on a monthly basis; reducing that amount should be considered criminal.

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