The Big 3 Need a Common Sense Plan By Robert Weiss

Most people work hard for their money. And I'm not only talking about your average guy who goes to the office and works 9 to 5 in front of a computer screen; I'm specifically talking about the guys and gals who are working the auto factory lines in places like Detroit and Toledo - these are the first people who will be affected by Big 3's plea for billions of dollars. Why? Because while the corporate CEOs line their pockets with the bailout money, the lowest people on the totem pole will get a cut in their salaries - even worse, a pink slip out the door. This is outrageous! The correct answer would be to ignore the Big 3's pleas for money but unfortunately our country needs GM, Chrysler and Ford to keep our economy afloat. What we don't need are CEOs borrowing money to fly private jets while making tens of millions of dollars a year on the backs of hard working Americans.

My call to action: Federal Government - give the Big 3 a much needed bailout. We need a surge in America's economy, we need jobs, and we need Americans to feel confident in our economy once more. What we also need is oversight - massive oversight - and strict regulations associated with the bailout. No employee of GM, Ford or Chrysler should be making more than the President of the United States. Salaries need to be capped and bonuses need to be restricted. Also, 1% of the bailout money should be used to develop a prosecutorial office devoted to bringing the people responsible for wasteful and needless spending. These corporate giants have proven that they need a babysitter that would be better than Big Brother himself. [more...]