Michael Moore’s Save Our CEOs: Sensationalism And Nothing More
Jun 19th, 2009 | By admin | Category: Business
I recently came across a preview of Michael Moore’s latest theatrical piece entitled “Save Our CEOs,” and was not surprised to find more of the same. In his typical satiric tone, he mocks the nations financial firms for needing taxpayer money time and again. His basic agenda is that we cannot continue to give Wall Street firms taxpayer money while unemployment continue to increase. As usual though, Michael Moore presents a picture that will likely sell more tickets to his film instead of the complete one.
First of all, as unfortunate as this mortgage situation and economic crisis is, let’s not forget that ultimately, the individuals taking out huge loans that they could not service is responsible for inflating housing prices. At the end of the day, these individuals are the ones that signed on the dotted line and took on the responsibility. Not to say they are the solely responsible ones, but they are not be completely absolved either.
Additionally, with a number of banks paying back the TARP money, the taxpayers are actually receiving a nice return on their investment. In a recent article by the Associated Press, it has been reported that J.P. Morgan alone paid a dividend of over a billion dollars and other banks have paid other large amounts.
The fact is, Michael Moore has made his reputation at taking emotionally charged issues and using them to make money. Someone should make a movie exposing his agenda… and perhaps poking fun at his dress as well.