Obama's Economic Advisor

Dear President Obama,
I'd like to talk about how the big CEO's are stealing money to buy themselves big bonuses. Are we just getting taxed more to benefit them and not the dull economy? My advise would be to have the some kind of organization be keep track of the money and bailouts to see where they are all going. If the millions of dollars are going no where what good does that do for America rather than just dig us deeper into a hole. The very rich CEO's from contributed the same type of greet throughout the gilded age. John Thain from Merrill Lynch just had to spend 15.4 mill on early bonus and new office supplies, then resign (or take the money and run). Great way to boast our economy!

“John Thain, who engineered the sale of 95-year-old Merrill Lynch & Co. to Bank of America Corp. in September, was ousted after Merrill’s $15.4 billion loss forced the lender to seek more money from the U.S. government. "

This kind of relates how we pay taxes and we don't know where exactly it goes and what its used for. In my opinion paying for welfare for a single mom with 14 kids is quite ridiculous along with bailouts for the stock market crash that didn't help out so much. This goes back to creating an organization to "organize" where our money goes. It shouldn't have to be put to waste especially for people who struggle to earn money as it is. It just isn't fair.

Along with not being fair, J.P Morgan was a wealthy man who formed the U.S steel Corporation and sold stocks and bonds for billions of dollars in the 1800's. Along with the modern big day corporation managers he too gave himself and his other workers big bonuses. Nothing has changed in the sense that these kind of people are greedy and can get away with these things.
With "the rich getting richer and the poor getting poorer", our society needs to come together and come up with a conclusion not just for the wasting of money but for getting back on the right track again. Do the rich need to get any richer? Why can't we balance our economy out rather then tip the scale. As we experienced so far in history, economic crisis like the Great Depression and the 1893 Scandal are devastating, along with the line of protests and strikes that went along with it. As we learned in the Great Depression it took many years to come out of and I'm sure that's not an option right now. I hope my advise give you some ideas on how we can resolve these conflicts for ourselves and our American people.

Latest Egregious Banker Compensation Scandal: Merrill Lynch and John Thain « … And the cow goes moo." … And the cow goes moo. 13 Feb. 2009 .



Part 2
Interview: Tuesday at Project Wildlife with Randy's Ipod recorder