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Will you listen to my temporary plan to save jobs at Citi and other companies? It will also sooth the bailout.?

I have a plan, I voted for McCain and I believe in Free market and letting some companies fail. But, here is a plan I think will help out the companies and our economy and help companies help themselves. Now, lets take Citi for example, they plan to cut 53,000 jobs. That is going to be devastating on the economy and the moral of this country. But, I have a plan that could help save jobs. My plan would ask all employees working at Citi to go on an average pay scale for a very limited time. Each employee will make $30,000 no bonus no Christmas bonus or executive bonus of any kind. This would include the CEO, CFO, Accountants, Vice Presidents in all parts of the country. This average pay will only be for a limited time to weather these tough times. If you make over $30k your pay would be reduced for a limited time to 30k. If you make under $30k your pay would remain the same. In return there would be no layoffs and credit card rates would be reduced for this limited time. It would be so inspiring for the workers and the country to see a CEO bustining his or her butt off for $30k. Now, my plan would be for only for a very limited time and anyone who wanted to leave for a better job, could leave in good standing. All mangers would be asked to take on more duties for a very limited time and no overtime would be allowed. A hiring freeze would also be put into place. Employees would have the right to negioated credit card fees with card holders and customers would be encouraged to work with us through these tough times. I do not get it, you claim it is a bad idea but a 700 billion dollar bailout is not? There are no stars at these places, they are not getting rid of the worst employees. It is drain on our economy and moral to see 53,000 people get fired while the CEO makes millions. This would at least be an attempt to show sacrifice. If anyone wants to leave let them. If they are cutting 53,000 jobs why do they need our bailout money?

Public Comments

1. What are you? some kind of a communist? This is not the Soviet Union
2. Your plan is based on false premise that Citi would like to keep the employees, but cannot afford it. Wrong. They do not want these people. Under Obama employees wil become big liabilaity, health care, discrimination lawsuits, higher wages, etc. Better get rid of them NOW. You say that you voted for McCain, fine, but those who voted for Obama they practically signed 55,000 pink slips. And more, a lot more pink slips to come.
3. That won't save them anywhere near the 2 billion or so cutting those jobs would.
4. Bad idea, here's why: 1. The very reason for a layoff is that the company has way more employees than it needs. There is no point to keeping them around and no guarantee that in 1 year or 5 years that large of a work force will be needed. 2. Layoffs target specific employees who are not making money for the company. There may be way to many loan agents, for example. In this way, layoffs trim the fat and make the company inherently healthier. 3. Essentially what you propose is a form of internal unemployment - keep 50,000 employees around who don't have work to do. This promotes laziness and sloth. 4. You are proposing punishing ALL employees - even the smart, hardworknig ones who are making the company money. 5. Your proposal will demotivate 100% of the work force which will absolutely ruin the company. 6. You make the mistake of thinking that all employees want to band together and save each other - trust me, they don't. The one's whose jobs are secure don't want to take a paycut and even some of those about to be laid off would prefer to go find another high-paying job than stay for $30K. Also - your system would motivate the most competent employees to go find high-paying jobs somewhere else, because they can. That would leave Citi with - by definition - the least competent employees left. Hmmm... a whole company full of incompetent, unmotivated employees.
5. Let the companies fail. If they can't remain in business on their own merit, then they do NOT deserve our support and certainly not our trust in their products or services. If they have such bad practices then they will fail. If the employees are fired, there will certainly be a void left by the loss of the company and if the employees pool together and determine to correct the errors of the previous owners, then they have every opportunity to start a company of their own. This is America, and we are not "supposed" to propagate failure...if it fails, get rid of it and try again. Let the Banks fail. If these banks are so corrupted that they have squandered the money that is not even rightly theirs, by offering up high risk loans to people who cannot afford them...then the banks need new leaders, or it needs to fail. Bailing out a failed business is not good business unless you plan to change what was causing it to fail. You don't just bandage a soldier with a gaping hole in his stomach...you medically treat the gaping wound and close it so there is no additional blood loss, damage, etc. You don't just put a bandage on it and keep changing the bandages when they get soaked with blood because the bandage alone is ineffective in keeping the soldier alive for long.