UPDATE at bottom of page …
Back around 1979 or 1980 Lee Iacocca was hired as CEO of Chrysler Corporation. Shortly after he took over Chrysler reported its worst deficit in the company’s history, a $160-million loss in the third quarter. In 1983 Chrysler earned the best profit in its history, $925 million. Mr. Iacocca replaced dead weight workers, and in his first two years laid off 7,000 white collar workers saving the company $200 million. A short time later 8,500 salaried employees were laid off and through those tough moves yearly expenses were cut by $500 million.
Mr. Iacocca didn’t lead by talk and making endless speeches essentially saying nothing. He lead by example. He reduced his own salary to $1 a year and called it, “equality of sacrifice.” Executive salaries and lower-level salaries were also cut, some up to 10%.
Cost cutting, getting rid of waste, wise investing among other actions by Mr. Iacocca saved Chrysler Corporation.
I wrote all that to reply to Democrat Rep. James P. Moran of Virginia who says $174,000 plus all the perks is not enough money for congressmen to live decently. He said, “I understand that it’s widely felt that they underperform, but the fact is that this is the board of directors for the largest economic entity in the world.”
Folks, when Lee Iacocca was hired at Chrysler Corporation, how long would he have been employed if he didn’t do what he was hired to do? If he increased Chrysler’s deficit, multiplied the losses, continued making poor quality cars, continued the waste and kept carrying the dead weight, Chrysler would be history.
The good Congressman from Virginia in on the “board of directory for the largest economic entity in the world” and take a look at it. We hired, elected these people to address things like the economy in general, unemployment, the national debt and the waste in government spending, job creation and reducing the deficit. A strong national defense is among the top as well.
What have we got in the last five years? The American health care system was replaced because 15% of the people didn’t have health care insurance. We got same-sex marriage legalized, which is fine I guess … but it wasn’t a priority for 97% of Americans. Our military is weakened to the point that other nations scoff at Obama’s threats. No one takes him seriously. Americans are not interested in granting amnesty for illegal aliens. Americans want the border sealed and legalimmigrants getting citizenship. Next up, “climate change”? Gun control?
It’s pathetic. Not one issue that is important for the great majority of the American people has been honestly worked on. Instead of addressing the things important to the American people they’ve either left them alone or made the issues worse. According to Rasmussen (Mar. 21, 2014) a national telephone survey finds that only seven percent (7%) of likely U.S. Voters think Congress is doing a good or excellent job. And the Congress wants a raise?
It wouldn’t be so bad if what Obama and the Congress are doing wasn’t criminal. What they’ve done is commit crime after crime. They’ve embezzled the American taxpayer’s money. They have corrupted the rule of law for their own self-serving goals. They aren’t board of directors for the largest economic entity in the world. They are board of directors for the largest crime syndicate in the world.
No folks, the people in the Congress do not need a raise. They need to be fired.
Obama and those in the Congress always talk about “shared sacrifice” … they certainly could take some lessons from Mr. Iacocca’s example.
Okay folks. Here’s the update though it’s taking me a minute to stop laughing. Some liberal took the above piece and wrote that loan guarantees granted to Chrysler by the government and Jimmy Carter was responsible for turning around Chrysler Corporation. Jimmy Carter!!!
There was a loan guarantee but that’s all it was. The money had to be borrowed from private financial sources. Iacocca made the money work for the company … he didn’t pay off union butt buddies and give outrageous bonuses to the other corporate big shots. All the steps coordinated collectively by Iacocca and company pulled Chrysler out of the hole. One other thing, by 1983 Chrysler had paid the loan off.
The certified bullshit claim that the government saved Chrysler is typical of very intellectually challenged people who can’t check the mail without help from the government.
Lastly, it’s obvious the asshole in an attempt to “debunk” the opening part of this piece missed the point entirely … JIMMY CARTER!!!! Gawd I love it!
Original Post: Cry and Howl