By Kermit C. Moss

                                                  Mercy me, sakes alive, and carrot coffee!

What will now happen to the auto industry, our last large manufacturing business? It appears that the Republicans in the senate have killed the attempt at a bailout. And I agree with them that the union workers should have to bear more of the burden. The CEOs have agreed to work for $1 per year until this crisis blows over, but what about all those other administrators with bloated salaries? If not prevented by law they most likely will just again budget themselves with outlandish multi-million dollar salaries!

In the past some of those dollar hogs have budgeted themselves salaries that amount to $25,000 to $30,000 per hour! Whatever happened to the reasonable compensation concept? It is the opinion here that at least two things must be done to preserve our political democracy and our capitalistic economy. Otherwise, ultimately it will all be lost:

Total CEO and other administrative pay must be restricted to a reasonable relationship to other workers pay; and

Competition must be restored throughout the economy. We must find a way to rid
our economy of firms that are too big to fail, and therefore must be bailed out by taxpayers!

 I note that the Bank of America now plans to lay off some 35,000 workers. All our citizens, including the rich, fare better when there is relatively full employment.

Lay on MacDuff!

Kermit C, Moss
PO Box 1136
Monticello, AR 71657

PH 870-367-2486 - office
870-367-7034 - home

December 12th, 2008