Feds Asked to Pay for Auto Merger

When the government agreed to bail out the banking industry and give money to fix a problem that was created because thousands of people had not paid their mortgage bills, we lost our footing on the slippery slope and we're already seeing the consequences elsewhere. I said then that it wasn't just a bad idea because we have no business "fixing" something when sometimes it's best to let people suffer the consequences for their actions. I also guaranteed when those bailouts happened that it was just the BEGINNING. We'll have corporations coming out of the woodwork seeking government money now and it has already begun.

On Thursday, October 30, General Motors reportedly asked the federal government for $10 billion to support a merger between it's own company and Chrysler corporation. You can read a full news report here: http://www.onenewsnow.com/Politics/Default.aspx?id=302898

According to the General Motors proxy statment issued earlier this year, CEO G. R. Wagoner's 2007 target compensation was $14,675,691. Do you realize that's over 14 MILLION dollars?!?!? Do you realize how many children that much money would feed, or how many of our mortgages it would pay - in full, or... There are so many ways to fill in that blank! His actual compensation was ONLY $4,057,691. Yes, ONLY 4 MILLION dollars. (Information from http://www.gm.com/corporate/investor_information/docs/stockholder_info/Proxy_Statement2008.pdf, page 31.)

Now there are many reasons I'm opposed to bailouts. One is because the further away you get from the private citizen, the less responsibility there is for the person(s) to behave responsibly with the money. Personally, I do not think it is right to give Mr. Wagoner - or anyone else - ten BILLION dollars, or even five dollars for that mater, when he makes more money in one year than my dedicated, hard-working husband is likely to make in his entire life.

Not only that, but I am sick and tired of my tax dollars being used to support liberal businesses that promote the sexual deviancy, abortion, and other sins. On the GM website, you will find GM proudly stating that the "I am GM" program "represents men and women of many cultures, ethnic backgrounds, ages, sexual orientation and physical abilities. Many of these employees belong to our Affinity Groups."

Well, you know what? Mr. Wagoner can use part of his million dollar salary to support whatever he wants, but as for our government, it should be illegal for them to take MY (and YOUR) hard-earned money and give it to privately (or corporately) owned businesses. The public will not benefit from this and I would prefer to keep the few hundred dollars I make every month. When the government gives money to these corporations, it simply ensures that Mr. Wagoner and the other CEOs like him can continue to buy off politicians and the politicians can continue to pad the pockets of the people who run the large corporations.

Is anyone else besides me sick of this?

Sonya