Deseret News | Will CEOs treat our money better than their own?

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Will CEOs treat our money better than their own?

ECR | 5:20 a.m. Nov. 25, 2008

Marjorie - All of your comments are perfectly appropriate but I have one minor correction to make. When you say, "Perhaps....they will be far more careful with our money than they were with their own" I have to remind you that most of the money they were so careless with was not "their own". It belonged (belongs) to the stockholders of the companies that employ them. Many of those stock holders were average Joes like you and me who have 401K plans and who are hoping to build a nestegg for retirement. Those greedy CEOs, whether they be from Wall Street or Detroit, have been partying hardy for years on the investments of working slugs who aren't expecting to live like kings and queens, they just want to retire with some dignity.

great time to be filthy rich | 7:01 a.m. Nov. 25, 2008

Capitalism today equates to unbridled GREED.
You can't expect people to do the right thing and share the wealth (the CEO's increased purchasing power at the demise of pink-slipped employees who made those same CEO's wealthy) with anyone.
And the sickest part is these people believe their current boom is "a blessing from God."

KM | 7:18 a.m. Nov. 25, 2008

We are all a bunch of fools!

I agree with most of what Marjorie stated in this article, but would add; that we, the lowly tax payer, let the powers that be - in Washington take more tax money that is needed for the nessasary governance of the people. We, like the workers at GM - allow the few at the top to use our money very unwisely.

We are all a bunch of fools for doing so! We must let our representatives in Washington know, that to use our hard earned dollars to buy more votes, or to use on 'pet projects' And thus, getting us further in debt. is insanity.

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Voice of Reason | 7:39 a.m. Nov. 25, 2008

Marjorie,
I agree with a lot of what you're writing here, with one notable exception:

You say that everybody lost in the Great Depression because of failed banks and lost jobs, but only the well-heeled lost out in the stock market. You then say that this is "worse than the Great Depression" because now ordinary people are losing retirement and college funds in the stock market, not just the rich. Marjorie, ordinary people didnï¿½t even HAVE retirement and college funds in the 1920ï¿½s & 30ï¿½s. The fact that they even have these at all now, regardless of their lost value, means we are far better off now than before the Great Depression. Letï¿½s not get carried away here.

Anonymous | 7:59 a.m. Nov. 25, 2008

What people are forgetting is how filthy rich so many got from The Great Depression.
Disgusting!

RedShirt | 8:07 a.m. Nov. 25, 2008

The big businesses are like teenagers. If you give them money everytime they ask for it, they will never be responsible with it.

Think about it, if you have a teenager, and he/she asks you for $10 for some school supplies, and then goes and spends it at the arcade, what do you do? Do you tell them too bad, and that they now need to do something to earn the money? Or, do you act like the government and give them $20 and tell them to be better next time?

Dave | 8:31 a.m. Nov. 25, 2008

I don't know about you but I won't buy anything if a celebrity doesn't tell me to.

Purchasing power | 9:37 a.m. Nov. 25, 2008

It's all about purchasing power.
Those in the driver's seat call the shots and you can bet your [blank] they'll be looking out for #1 and couldn't give rat's [blank] about you.

Any idea how many millionaires were made during the Great Depression I ?
Any idea how many billionaires are being made today?

And all the while the stupid Limbaughites are screaming 'SOCIALISM!' whenever the Share the Wealth Card comes up in the game today.

How amazingly stupid!

Oh Please | 10:36 a.m. Nov. 25, 2008

I propose that all Americans stop buying so-called "American" cars until the Big 3 get a clue. They sell trash ("planned obsolescence") at high prices while nailing their employees and the buying public and taking home obscene bonuses. I'm buying only Japanese cars--they are high quality and STILL made by Americans in American factories by workers who are treated fairly. Join me.

karma | 11:02 a.m. Nov. 25, 2008

The Big 3 CEO's aren't dummies. They could see the writing on the wall when Toyota appeared and was clearly a quality product. They're working out ways to take the money and run with it.

This is merely the effects of Karma occuring for nuking Japan's civilians 63 years ago.
America as we know it is changed forever.
Get used to getting by on less - like the Mexican immigrants have been doing all this time.

tobeornottobe | 4:06 a.m. Nov. 26, 2008

Yes America has changed forever. Sold out from within. While the Empires military is spread thin around the globe our own borders are not holding. So many millions of foreiners that they can not be sent home. Then again after thirty years of abortions and birth control theres not enough cheap labor. If this were not true so much of the countries industry would not have left to set up shop in third world tax havens with unlimited slave labor (by our own standards today). Yes times are changing for America and who is going to pay?

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