Home > My Thoughts, Politics, Sports > ESPN Page 2 – Gregg Easterbrook

ESPN Page 2 – Gregg Easterbrook

So I like reading this piece written by Gregg Easterbrook every week or so on ESPN.com. Now, ESPN.com isn’t exactly the “hot spot” for insights into American political happenings, but Easterbrook always touches a nerve with his article. This week he delved into AIG, the Senate and UAW. 

Here is the link to his column this week: Gregg Easterbrook

It is astounding to me that Congress consistently makes a mockery of the American people. Even worse is that most people never even find ouut what is going on. Hell, I didn’t know this was going on until I read his article! “$14 billion for cars and autoworkers making an actual product, no no no… we definitely need to investigate this further before we make a decision” – 

“$700 billion dollars for  cash flow because your P/E Ratio has declined on a bearish market due to a market correction? Well, don’t let me get in your way…” Easterbrook makes a great point on this and one that we shouldn’t simply laugh at (although it is tempting until you remember thats $700 billion that could have been spent on universal healthcare, improvements in education, or even more rebate checks for all of us). Now, the UAW definitely needs to take a lot of the responsibility for their misguided attemtps to point a finger at the Big Three. How could THEY not recognize that THEY HAD TO negotiate? Sure their workers got shafted years ago with horrible working conditions and poor pay, but c’mon, they make $50 bucks an hour (on average) now. Give it up… do you want a job that pays slightly less (maybe 35-40 an hour) or a government check for less than a year that probably won’t even come out to 20 bucks an hour? RIDICULOUS…

Lastly, this last excerpt from Easterbrook really gets me going: 

“Meanwhile, Congress is shocked to learn that the executive pay limits in the Wall Street and banking-industry bailout package are toothless. Who’s to blame? Congress. It was the members of Congress who voted for a bailout package whose executive pay “limits” were unenforceable, plainly intended solely as a PR exercise. Yet Congress did nothing. Now it turns out AIG is paying top executives up to $4 million each in taxpayer money as “retention bonuses,” justified on the transparently fake claim that otherwise they will jump to other lucrative offers… But what is Congress doing? Nothing!”

Ay caramba… Stupid is as stupid does… there’s a lot of stupid going on in our government.

UAW? You got it all wrong, its GW.

UAW? You got it all wrong, it's GW.

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