We the American taxpayers have been watching our hard-earned tax dollars being used to bail out the greedy bankers and auto execs because, as we are told, they are "too big to fail".
And what do we get in return?
In return, those bailed-out mismanaged corporations are showing their appreciation by shipping our jobs overseas!
That's a big corporate "f*** you" aimed at us regular folks who have paid to keep them afloat. And I'm not happy about it.
Bank of America, for example, thumbing its nose at any domestic economic stimulus on their part in return for their government handout, decided to cut as many as 69,000 American workers in favor of sending thousands of jobs overseas to India. (Will they change their name to Bank of India?!)
Ditto allegedly to JP Morgan/Chase, who accepted a $25 billion bailout.
And, in the auto sector, we are watching as GM sends its bailout money to Mexico and Asia. Take that, Michiganders!
Do they think that we -- the American workers -- are toxic assets too?
These mismanaged corporations are allegedly "too big to fail", but we the people -- the conscientious workers -- are apparently negligible.
The bailout plans should have included provisions against this sort of thing.
And it shouldn't be too late.
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