Etsy Mini

Friday, October 24, 2008

where's my Bailout?

Today GM said it may cut a bunch of its' workforce. It "lost" billions last year."Lost" - as in paid out more than they took in. "Lost" meaning paid out to employees, who then supported the economy with their paychecks. And also paid out in bonuses to CEOs, and who knows what happens with that- probably "lost" in the Caymans, or on Wallstreet, or at the Mercedes dealer...
Why are bonuses paid out for failure? Why are companies still in business when they don't show a profit? How does that work? I mean, after 3-4 years of negative numbers, how is it they still pretend to be viable?
Something here is just not right..

No comments: