About a month ago, I profiled a banker who “got it” so that we could see they weren’t all complete arrogant idiots who gambled with other people’s money, lost it, screwed up the economy and then still expect to live like kings while the people they screwed (taxpayers) pay through the nose to save their companies (in order to ward off a complete financial collapse). Not all bankers are such arrogant fools and I wanted to show that.
Well, as a self-declared democratic socialist, let me be the first to highlight some other businesses which seem to “get it.” Ford and GM (partly out of enlightened self-interest) know that many Americans are putting off buying a new car (even with tax breaks for doing so in the stimulus ) out of fear of repossession if they lose their jobs. So, Ford and GM are guaranteeing your car payments for a year: If you buy one of their cars, then lose your job, they will make up to $700 monthly payments for a year or until you find another job, whichever comes first! You have to qualify for unemployment insurance to get this benefit.
The Obama administration is also guaranteeing new car warranties for GM and Chrysler in order to encourage buying American, too.
Oh, and Ford is also working with local dealers to try to help charities which have been hurt by the recession. (Charitable giving is WAY down and many charities, especially those which give direct aid to the poor, are nearly broke with overwhelming new cases of need and less giving.)
And Walgreen’s is offering free prescriptions and health services to the uninsured. (I hope this isn’t used as an excuse by Congress to put off universal healthcare.)
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