HOORAY!! Finally some IQ points make an appearance!!

The Senate announced this morning that the Auto Industry Bailout failed last night. The UAW refused to accept pay cuts that would put them in the same pay scale comparable to other auto workers in non-union plants. The pay cuts would be necessary for the Big Three to remain competitive; however, the UAW disagreed. UAW President Ron UAW President Ron Gettelfinger seems to be in denial of the situation and actually stated that bankruptcy for the Big Three "is not an option".

The fact of the matter is that not only is it an option - it is the only one left absent an agreement from the UAW to accept a pay cut. Apparently Gettelfinger does not understand that the Big Three are not ABLE to pay those exaggerated wages. THERE IS NO MONEY LEFT IN THE TILL.

I think the Big Three should each file bankruptcy and relocate to the Southern States where you can hire as many people as you need to work for one-third the salary. Areas north of Dallas have had other industries close and the area has plenty of people willing to work. I am sure that the other Southern States have similar issues - I am from Texas and simply know about the situation there first hand. Do a little research and find a handful of areas not run by the out-of-control unions and put plants there. Get a fresh start and out from under the grandiose union contracts.

I believe this can actually be a good thing for the Big Three - perhaps they can attain the level of superior workmanship and reputaion they once held. I am not sure they can do it with the current leadership; so far, I do not hear of any expected changes. If they get someone in there that knows how to run a profitable business - they will rise again.

OPEN ADDRESS TO AIG EXECUTIVES

Since AIG is the company I have been ranting about the most regarding the BAILOUTS (I still refuse to refer to this as a rescue.), I thought we should post the names and office of the AIG executives. Until today, they have been nameless, faceless entities; however, I believe the individuals responsible for AIG should be noticed publicly and I am writing an open letter to them as an unwilling stockholder.

To all the Top Executives at American International Group, Incorporated

Win J. Neuger Executive VP/Other Executive Officer
Edmund S. W. Tse Director/Other Corporate Officer
Andrew J. Kaslow Other Executive Officer/Senior VP
Frank G. Wisner Divisional Vice Chairman
Robert E. Lewis Chief Risk Officer/Senior VP
Jacob A. Frenkel Divisional Vice Chairman
Edward M. Liddy CEO/Chairman of the Board/Director
Anastasia D. Kelly Executive VP/General Counsel/Other Corporate Officer
David L. Herzog CFO/Executive VP
James F. Orr Director

Dear AIG Executives,

I am a government employee that earns less than $50K a year. You came to ME - the taxpayer - to BAIL OUT your company in this troubled economy. Against my wishes (and the wishes of most of the country), Congress decided to give you $700 BILLION DOLLARS.

Since that time, we the taxpayers have heard about your extravagant trips to the spa, golfing trips, trips to exclusive resorts and now you want your annual bonuses in excess of $250K for yourselves.

I do not know any of you personally, but how greedy can you possibly be??? I make less than $50,000 a year and you still ask for a bonus - for what? Ruining the company you are responsible to manage? I do not receive a bonus and do not think anybody failing in their job deserves any type of bonus. A BONUS is supposed to be a reward above the earned pay for a job well done.

Frankly, I can not believe you people had the audacity to ask for or expect anything besides a swift kick in the pants out the door. If I fail at my job, I get FIRED - not a bonus for being a dumbass! What you call a "bonus" and the "cost of doing business", I call it Criminal Misappropriation of Funds. You came to the taxpayers pleading poverty and then go out and wine and dine yourselves and pat each other on the backs, spending money like drunken sailors. YOU MAKE ME SICK.

You need to learn how to work within a budget, like the rest of us that are paying our bills and our taxes. YOU CAN NOT AFFORD TO BE GOING TO THE SPA!! YOU CAN NOT AFFORD SIX AND SEVEN FIGURE BONUSES. If you can afford to spend money the way you have been, RETURN the $700 BILLION to the TAXPAYERS. Otherwise, I hope to see your sorry mugs on FOX NEWS when the Attorney General indicts all of you for fraud.
Sincerely,
The TenaciousTexan, aka: ANGRY TAXPAYER

To all of my fellow ANGRY TAXPAYERS, If you have photos or know where we can locate photos of these CRIMINALS, please send them to me. I would love to post them on my page.

Where's the duct tape!!??

Anyone that listens to the GREAT GLENN BECK knows that when he is discussing news on his radio show that is so egregious, he says he needs duct tape to prevent his brain from exploding when his blood pressure is on the rise.

I NEED DUCT TAPE!! AND LOTS OF IT!!

AIG is at it again and I am at a loss, to say the least. How can they possibly be this egotistical as to think that (a) we have the attention span of a knat, or (b) we are so stupid and would think that the following is a good idea.

This is quote from an AP article posted 43 minutes ago - "In a recent letter to Rep. Elijah E. Cummings, D-Md., AIG CEO Edward M. Liddy said 168 employees were scheduled to receive retention payments ranging from $92,500 to $4 million."

Even if each of the 168 people received the minimum suggested bonus, we are talking about $149,850,000. We are easily talking about a quarter million, when you factor in that they are NOT all getting the minimum. Ya know, considering this is AIG we are talking about, they are probably all getting the $4 million...

IS THIS A JOKE OR WHAT??!!

The AIG executives must be the craziest bunch of idiots on the planet!! They are under the microscope because you and I are paying their way and have the nerve to expect their annual bonus's that exceed my annual salary. I cannot believe they still do not get it!!

I wish the DOJ would launch an investigation, but I guess they are too busy with Illinois...

AIG EXECUTIVES: YOU ARE BEING PAID BY THE TAXPAYERS OF THE UNITED STATES OF AMERICA. YOU ARE NO LONGER A PRIVATE BUSINESS - YOU HAVE FORCED ME AND EVERY OTHER TAXPAYER TO BECOME STOCKHOLDERS IN YOUR FAILING COMPANY.
When you can carry your own weight, take as big a bonus as you want! When you ask me to pay for it, you get SQUAT for a bonus!!
YOU DO NOT GET A BONUS LARGER THAN MINE!!