This Company has come upon hard
times.
Shareholders are hurting -- their equity has been diluted and the value of
their investment in the company is declining by the day.
At the same time, there is a growing
group of employees of the company who don't contribute anything to the Company,
yet receive profits and benefits from the Company -- even though they don't
work.
The Company has issued enormous amounts of debt to bondholders, who technically
have a more important and prior stake in the Company than the shareholders --
and can direct the direction of the country, despite the desire of the
shareholders.
Employees
of the Company have a small pension due to them, but the problem is that there
is a VERY good chance that their pension either won't buy them anything more
than a loaf of bread per month, or that the pension will disappear entirely in
the next few decades.
Most problematic, the upper level management, especially the CEO, take
inordinate amount of time off and have not achieved any success in fixing the
problems with the Company.
The Company? The United States of America. The shareholders are the
productive citizens. The lazy employees represents the welfare
class. The bondholders are foreign debt holders, especially China.
The employees of the Company also represent the citizens of the USA, receiving
social security and medicare benefits, both of which will disappear very soon.
I think we know who the CEO is...
Should the Commander in Chief be
golfing so much (or at all) when our troops are at war?
Posted by: |