Anne’s Blog

Who is Your Daddy?

by AnneFleming 26. September 2008 06:20

I am an American. I vote. I get the fundamental principles of money; I work, I spend, I manage, I save. I pay taxes, of that I am sure. I pay my mortgage to Washington Mutual like clock work each month. And if I missed but one payment or, simply chose not to make one payment, I - like all other Americans - wouldn't be living in my abode one moment longer.

But after living on the planet for 40 plus years, I still can't for the life of me locate my sugar daddy. My vision is not improving, either!

In recent weeks, let alone the past few years...

> $700 Billion to be spent on the Rescue Plan to the financial and mortage sector - who is your daddy?

> $25 Billion to be allocated to cover bad auto loans - who is your daddy?

> $ 4.0 Trillion dollars in the war on terror - who is your daddy? Btw, Just how many zero's are in 'trilliion'?

> $15 Billion dollar gift to the airline industry in 2001 - who is your daddy?

I must digress: In 2002, Delta Airline's CEO was paid over $13 million in compensation and for year ending 2007, WaMu's CEO, Kerry Killinger was paid $14,364,883. While Mr. Killinger's pay dropped 21% from the prior year, it was not nearly as remarkable a decrease as shareholder's dip of 68%.

So, when and how are these 'bailouts', 'plans', or 'loans' paid back? Do tell? Furthermore, where does all of this money actually come from? If my business doesn't pay it's loan back for one month or two, this is a serious sign of a possible cash flow problem or underlining integrity issue. When I keep spending the business's money, and the financial platform collapses, then, just then, I will surely look even harder for my sugar daddy.

On second thought, may I never find him!

Drive Your Bargain,

Anne

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