Wow, Reuters has reported that our car company, Government Motors, will pay our new CEO Akerson over $9 million in cash, salary and stock grants. In addition to that, they will pay Ex-CEO Whitacre $300,000 for serving on the GM Board of Directors for 4 months. Great jobs, if you can get 'em.
I see our new Pay Czar is really diligent in shrinking the CEO salaries of companies still on the taxpayer dole. That's what Obama was blabbing about when he took over GM. They're sure doing a great job, don't you think?
Funny how the math works. Toyota is solvent, in spite of their gas peddle problem, has lots of money in cash reserves, and their CEO makes $900,000 a year. BMW ties its executive bonuses to blue collar performance.
And then there's Government Motors. The company makes terrible business decisions, becomes insolvent, gets bailed out with taxpayer capital, files bankruptcy, and has minimal cash reserves. They fire their long term American ad agency and hire a French agency, with our tax dollars. They continue to get bail out money, and then they build a new plant in another country, not in America. Gee, who should we thank for this?
And then they award a newcomer with almost $10 million in compensation, and you can bet a new fleet of corporate jets will be on the way once their IPO is sold.
Our Government Motors sure knows how to game the system, and I'll bet they are laughing all the way to their Swiss bank accounts.
Thanks, Obama, for nothing.
Showing posts with label bonuses. Show all posts
Showing posts with label bonuses. Show all posts
Monday, September 20, 2010
Tuesday, August 31, 2010
Open Letter To Obama
Below is a letter allegedly written to Obama in April, 2009 by a fourth grade teacher from Hillsboro, MO. I have researched this, and this woman does exist and she is a teacher in MO. But the letter was actually written by a man named Franklin T. Bell who writes posts for a site called redpill.org. It is a very interesting site, and you can go there and check it out. The name Frank Bell may or may not be his real name, but his letters are right on the money. I thought this one said a lot and I wanted to share it with any of you who haven't already seen it. Not that any of this would make a difference to King Obama.
I will check on redpill.org occasionally for other interesting letters that might enlighten us or inflame us, and I will share them with you.
April 17, 2009
The White House
1600 Pennsylvania Avenue
Washington , DC 20500
Mr. Obama:
I have had it with you and your administration, sir. Your conduct on your recent trip overseas has convinced me that you are not an adequate representative of the United States of America collectively or of me personally.
You are so obsessed with appeasing the Europeans and the Muslim world that you have abdicated the responsibilities of the President of the United States of America . You are responsible to the citizens of the United States . You are not responsible to the peoples of any other country on earth.
I personally resent that you go around the world apologizing for the United States telling Europeans that we are arrogant and do not care about their status in the world. Sir, what do you think the First World War and the Second World War were all about if not the consideration of the peoples of Europe? Are you brain dead? What do you think the Marshall Plan was all about? Do you not understand or know the history of the 20th century?
Where do you get off telling a Muslim country that the United States does not consider itself a Christian country? Have you not read the Declaration of Independence or the Constitution of the United States? This country was founded on Judeo-Christian ethics and the principles governing this country, at least until you came along, come directly from this heritage.
Do you not understand this?
Your bowing to the king of Saudi Arabia is an affront to all Americans. Our President does not bow down to anyone, let alone the king of Saudi Arabia. You didn't show Great Britain, our best and one of our oldest allies, the respect they deserve yet you bow down to the king of Saudi Arabia. How dare you, sir! How dare you!
You can't find the time to visit the graves of our greatest generation because you don't want to offend the Germans but make time to visit a mosque in Turkey. You offended our dead and every veteran when you give the Germans more respect than the people who saved the German people from themselves. What's the matter with you? I am convinced that you and the members of your administration have the historical and intellectual depth of a mud puddle and should be ashamed of yourselves, all of you.
You are so self-righteously offended by the big bankers and the American automobile manufacturers yet do nothing about the real thieves in this situation, Mr. Dodd, Mr. Frank, Franklin Raines, Jamie Gorelic, the Fannie Mae bonuses, and the Freddie Mac bonuses. What do you intend to do about them? Anything? I seriously doubt it.
What about the U.S. House members passing out $9.1 million in bonuses to their staff members on top of the $2.5 million in automatic pay raises that lawmakers gave themselves? I understand the average House aide got a 17% bonus. I took a 5% cut in my pay to save jobs with my employer. You haven't said anything about that. Who authorized that? I surely didn't!
Executives at Fannie Mae and Freddie Mac will be receiving $210 million in bonuses over an eighteen-month period, that's $45 million more than the AIG bonuses. In fact, Fannie and Freddie executives have already been awarded $51 million. Not a bad take. Who authorized that and why haven't you expressed your outrage at this group who are largely responsible for the economic mess we have right now?
I resent that you take me and my fellow citizens as brain-dead and not caring about what you idiots do. We are watching what you are doing and we are getting increasingly fed up with all of you.
I also want you to know that I personally find just about everything you do and say to be offensive to every one of my sensibilities. I promise you that I will work tirelessly to see that you do not get a chance to spend two terms destroying my beautiful country.
Sincerely, Every real American
Ms Kathleen Lyday, Fourth Grade Teacher, Grandview Elementary School, Hillsboro, MO
(Franklin T. Bell)
I will check on redpill.org occasionally for other interesting letters that might enlighten us or inflame us, and I will share them with you.
April 17, 2009
The White House
1600 Pennsylvania Avenue
Washington , DC 20500
Mr. Obama:
I have had it with you and your administration, sir. Your conduct on your recent trip overseas has convinced me that you are not an adequate representative of the United States of America collectively or of me personally.
You are so obsessed with appeasing the Europeans and the Muslim world that you have abdicated the responsibilities of the President of the United States of America . You are responsible to the citizens of the United States . You are not responsible to the peoples of any other country on earth.
I personally resent that you go around the world apologizing for the United States telling Europeans that we are arrogant and do not care about their status in the world. Sir, what do you think the First World War and the Second World War were all about if not the consideration of the peoples of Europe? Are you brain dead? What do you think the Marshall Plan was all about? Do you not understand or know the history of the 20th century?
Where do you get off telling a Muslim country that the United States does not consider itself a Christian country? Have you not read the Declaration of Independence or the Constitution of the United States? This country was founded on Judeo-Christian ethics and the principles governing this country, at least until you came along, come directly from this heritage.
Do you not understand this?
Your bowing to the king of Saudi Arabia is an affront to all Americans. Our President does not bow down to anyone, let alone the king of Saudi Arabia. You didn't show Great Britain, our best and one of our oldest allies, the respect they deserve yet you bow down to the king of Saudi Arabia. How dare you, sir! How dare you!
You can't find the time to visit the graves of our greatest generation because you don't want to offend the Germans but make time to visit a mosque in Turkey. You offended our dead and every veteran when you give the Germans more respect than the people who saved the German people from themselves. What's the matter with you? I am convinced that you and the members of your administration have the historical and intellectual depth of a mud puddle and should be ashamed of yourselves, all of you.
You are so self-righteously offended by the big bankers and the American automobile manufacturers yet do nothing about the real thieves in this situation, Mr. Dodd, Mr. Frank, Franklin Raines, Jamie Gorelic, the Fannie Mae bonuses, and the Freddie Mac bonuses. What do you intend to do about them? Anything? I seriously doubt it.
What about the U.S. House members passing out $9.1 million in bonuses to their staff members on top of the $2.5 million in automatic pay raises that lawmakers gave themselves? I understand the average House aide got a 17% bonus. I took a 5% cut in my pay to save jobs with my employer. You haven't said anything about that. Who authorized that? I surely didn't!
Executives at Fannie Mae and Freddie Mac will be receiving $210 million in bonuses over an eighteen-month period, that's $45 million more than the AIG bonuses. In fact, Fannie and Freddie executives have already been awarded $51 million. Not a bad take. Who authorized that and why haven't you expressed your outrage at this group who are largely responsible for the economic mess we have right now?
I resent that you take me and my fellow citizens as brain-dead and not caring about what you idiots do. We are watching what you are doing and we are getting increasingly fed up with all of you.
I also want you to know that I personally find just about everything you do and say to be offensive to every one of my sensibilities. I promise you that I will work tirelessly to see that you do not get a chance to spend two terms destroying my beautiful country.
Sincerely, Every real American
Ms Kathleen Lyday, Fourth Grade Teacher, Grandview Elementary School, Hillsboro, MO
(Franklin T. Bell)
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