Oval Office...

With thirty minutes to speak in the oval office I would first address the executive pay issue with CEO's giving themselves large bonuses when their company is being ran into the ground. This issue is a problem because the companies that are asking for bailouts are companies that just about every citizen relies on to maintain a normal living. For example John Thain losing 25 billion dollars in the time he was CEO for Merrill Lynch, a bank based in New York that asked for a 50 billion dollar bailout plan.

Letting this continue on lets us believe another great depression could be right around the corner. History does repeat itself and with the recession already happening. Our country has become a step closer to entering the great depression.

This problem can be fixed by passing laws to ensure that the government knows exactly what is being done with the money, essentially the companies needing clearance before they do anything with the money, more importantly stopping one man so he can’t go out and spend 1.22 million dollars on a new office. Some of the benefits from these laws would be that the tax payer’s money would not be thrown away but essentially used to help remove this large debt and bring us out of the recession. It wouldn’t happen right away but over time it will.

with the previous laws basically allowing companies to take the money and run there was a serious issue that fell into place seeing how this was the tax payers money, an issue that truly needs to be addressed by our current government and citizens to take action and stop this.

references: New York Times