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Sunday, December 14, 2008

Greed in America

It never ceases to amaze me how greedy Americans have become. The cliché, “Money is the Root of all Evil’, is more obvious now than at any time in American History.

If it wasn’t for Greedy CEOs of such firms like Lehman Brothers, Merrill Lynch, Citigroup, etc… and the list goes on America would not be facing the worst economic disaster since the Great Depression. This is the result of many factors that made it just to tempting to resist grabbing the brass ring when the brass ring was practically handed to these CEOs.

How…you ask. Well, when a CEO makes more money by being fired for poor performance than by a yearly salary plus bonuses and stock options there seems little incentive to maintain a high level of integrity and to move the corporation to greater profits. At my level, if I don’t perform up to standards I would be escorted by security to the door, my final paycheck would be mailed to me and I would have to make an appointment to pick up my personal items. When a CEO and/or Senior staff Vice Presidents are Fired, they get hefty paychecks to ease their pain and embarrassment.

The two biggest examples of how Greed has taken over America are 1) the Governor of Illinois where he was caught trying to sell off a Senate Seat to the highest bidder, 2)are the labor unions, specifically the U.A.W. who have single-handedly bankrupt the three major Auto Makers.

I am having a hard time understanding the thought process behind the Union Members thinking that by being steadfast and not willing to re-negotiate the contract with GM. It seems to me that these members only have two choices, 1) re-negotiate and keep on working or 2)allow GM to completely shut down and be out of a job for possible a very long time. Perhaps someone can explain this to me. Oh….now I know -- GREED.

This Greed, unfortunately is costing all working Americans because it is their and my TAX Dollars that the Unions Members want, regardless of the consequences to US the TAX Payers. I am angry and resentful and YOU as TAX Payers should be also.

GREED…SELF CENTEREDNESS…and SELFISHNESS is why America is headed for the Second Great Depression.

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