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Web Letter

Should the US government bail out American corporations?

Does corporate America share its profits with the taxpayers? The answer is, absolutely not.

Do they share the profits with their employees? The executives are paid millions.

The US government should bail out all corporations large and small--is that right? The answer is no. If it is a viable business, they can raise the money from investors; if not, let them close shop.

If the government decides to bail them out, it should be at a cost (like shares in the company), where the government will make money and have a say in running the company. Even better, have a public referendum where the voters decide.

Carmakers want money from the government; the financial institutions want money--where does it stop?

It is about time corporate America learn they have to stand on their own feet. Where is corporate America's financial responsibility? They claim the government is abusing its financial responsibility; it seems Corporate America is no better. They also go to their workers to take a pay cut, is that fair? It seems the little guys are the ones that always pay the price for corporate financial abuse and mismanagement.

Other corporations in the world are not asking to be bailed out--they go out of business.

The corporate barracudas have no conscience they will step on anyone, stab anyone in the back and fudge the numbers to climb up the corporate ladder and receive the hefty bonuses. As family values have declined in the last half a century so has corporate integrity and honesty. It seems that Corporate America will do almost anything for the buck, no holds barred.

What a shame that corporate America has sunk so low. The government is no different, honesty and integrity is a foreign language, it serves only the special interest groups. (We all know why).

What happened to the American people who placed their trust in the government? (The public officials they voted for). We are faced constantly with another corporate or governmental scandal of wrongdoing. When is the American public going to wake up and demand an honest government and honest corporate America? Americans, wake up before it is too late.

Jay Draiman

Northridge, California

Sep 16 2008 - 12:57am

Web Letter

Without reclaiming our Governments' right to create money from the privately owned and operated Federal Reserve all is for naught. The banks will prevail again, and again take the power of money creation and subdue us with it.

What is it that they say? "Follow the Money." Well, when you follow the money you find the 'for profit corporation' known as the Federal Reserve and it's owners, the Member Banks.

Michael McKinlay

Hercules, CA

Mar 28 2008 - 4:24am

Web Letter

Thank you, Robin Blackburn, for saying something that, so far as I can tell, has been largely absent from this debate. The federal government (and the people of the US) should be getting something in exchange for this bailout.

After all we have heard about 'conditionality' regarding bailouts in third world countries (i.e. cut your free milk program and open your local markets to US agriculture or no money) it's incredible that this talk disappears when the object of the bailout is financial institutions.

The US should get a stake in these companies it is bailing out. It should also be able to say, for example,"You want the money? Then no executive bonuses for an extended period."

Simple justice requires these steps.

Steven Sherman

Carrboro, North Carolina

Mar 28 2008 - 4:14am