Such is life in America today. You are only as good as where you are working and if you don't have a job, then you are generally screwed. People live paycheck to paycheck and many just to pay their credit debts.
It is tough to be an American in today's unregulated capitalist paradise.
But not for everyone. You see there are some who do fantastically well even when they mess up big time. These CEOs of some of the largest corporations in the world usually have packages given to them when they are hired, or that they set up when they are about to be fired, that allows them a firing fitting of their prestige and lifestyle. That means big bucks supplied by the saps in their former companies as a going away present.
Take for instance the CEOs of Fannie Mae and Freddie Mac.
"......Specifically, Dan Mudd, the CEO of Fannie Mae, is getting $9.3 million of severance for destroying his company. Richard Syron, the CEO of Freddie Mac, is getting $14.1 million--in part because of a clause he added to his employment contract two months ago, when it was clear the company was headed for disaster....."
Now the good news is that Dan Mudd and Richard Syron are going to do pretty well for themselves. But the bad news is that it isn't just the company that is responsible for their golden parachute but also the American taxpayer is on the hook.
So in an unregulated market controlled by corporate power, like the one that exists in the U.S., this is what you have to live with. The owners of this country do quite well for themselves even when they destroy their companies. The credit serfs, the rest of us, have to live in a state of extreme anxiety and worry about what tomorrow may bring.
But as banks fail all around us and a barrel of oil drops by 35% and the price at the pump drops only about 35 cents, you can feel good that this unregulated corporatocracy is working to bring you more of the same. It is the American way.
