Re: [Amc-list] Saving Detroit and Big 3.

[John C Hughes <jchughes48114@xxxxxxx>]

Reading the two post about the big 3 employee benefits makes me wonder 
how the American middle class has become so lax as to what their worth 
is. It appears that we're all in agreement that we don't deserve 
pensions, health care or even a decent wage. While our mind set is a 
race to the bottom, Wall street is about to dispense $64 billion  in 
bonuses. According to Time magazine, Wall street bonus's figures like 
this: The lowest paid bond trader just out of business school will get 
$170,000. A managing director at an investment bank will get $625,000. 
The list goes on until the total is $64 billion. That's going to be paid 
to the same people of companies that are failing and require a $700 
billion bailout. Congress did limit the compensation to the top 
executives, but left out the rest. Remember too, that they are also the 
same people that sold sub-prime mortgages as AAA rated bonds and sold 
them to banks around the world. That's how we compensated our huge trade 
deficients, with those bonds. It's funny how all that stuff has to equal 
out, just like a an electrical circuit.(as much current flows out of the 
+ battery post as flows into the - post / as much money flows out of the 
nation as flows in.) Wonder now why there is a world wide banking crisis?
Consider this, as little as 30 years ago, 60% of American workers were 
covered by a defined pensions. Today that figure is 14% and dropping. 
The $74 per hour benefit paid to the UAW is a little miss leading, 
according to the Dailykos, that figure was calculated by taking the 
benefits given to all auto worker -retired and working and dividing by 
just the current workers. Consider too that there are over 800,000 UAW 
retirees. Definitely misleading.

I don't want to get too long winded, but I need to make a couple of 
points. An employees should not be judged just by the amount paid, but 
by how productive and efficient they are. As far as Mitt Romney goes. 
He's not what I consider an American entrepreneur in the same league as 
Michael Dell, Bill Gates and Steven Jobs. His business is to buy 
businesses and break them down and sell off the parts. Nothing created 
here, just chaos. That type of business causes disruption in many live 
as opposed to creating real jobs like the Dell, Gates and Jobs. I guess  
enough said.

Thanks Again,  John  Hughes//
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