Advice from FDR during horrendous job losses
“True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made.”
Something to think about when there were 50,000 layoffs today, from companies including Home Depot, Caterpillar, ING, GM, Sprint Nextel and Pfizer…
Do you think regular working Americans are okay with Citigroup taking $45 billion in bailout money and using part of it to purchase a new $50 million corporate jet (which seats 12) after the banking giant announced cutting up to 50,000 more jobs? Citibank recently posted an abysmal $8.29 billion loss, as regular working Americans are struggling to keep credit cards paid, home mortgages paid, businesses open without a bailout.
Sounds like the makings of a revolution… Thankfully, Obama’s election shows regular Americans trust he will intercede in these corporate shenanigans.
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