I have re-sent the invitations to Missy and Bill O Writes and granted administrative privileges to all our guest authors. I'm not really sure what such privileges entitle one to do, but I suppose any one of you may change the settings, design and layout of the site to suit your personal tastes...should prove interesting.
IMHO, anyone receiving any bailout money should have to take a Dave Ramsey course first and agree to his "Debt Snowball" plan to get out of debt. Dave Ramsey should be the new Secretary of the Treasury! The safest place to be in all this mess is out of debt!
This whole bail-out plan is not fair since it's loaded with discrimination. Yes, discrimination! There's a Russian bakery up the street from me that can obviously use some financial help, since they're down to only one BMW. Then there's the Iranian guy who sells hot dogs from his cart. He says he can certainly use some free money. And what about the poor Korean guy in the little news stand at the train station? I know he could use some money too. Then there's the two Mexican brothers who own a used car lot a few blocks away. Their business hasn't been so good lately, what with the ICE raids and all, but shouldn't they get some free money too?
Have you guessed yet who are the only people that will not get any financial help? Need a clue? Look in the morror!
The $700 billion bailout scheme was sold as a necessary measure to thaw frozen credit markets and allow businesses to borrow short-term money to replinish inventories and for use as operating capital. When the banks hoarded the federal funds and failed to start lending again, Paulsen, Bernanke, Bush, et. al. had egg on their faces. Now, the feds are scrambling around and talking about taking an equity position in nine large banks in order to FORCE them to start lending. On a related note, American Express has cleared the regulatory hurdles to become a commercial bank...in order to share in the bailout. The losses to Amex due to card holder defaults and loweer consumer spending must be driving the company's decision to become a bank. Imagine that...the bailout that was to be used to rescue our economy is being used as a hedge against future losses by a comparatively healthy company.
don't forget the Pelosi-Reid plan to bail out the U. S. auto ndustry. That, coupled with that idiot Ed Liddy's statement that AIG's cash needs were tied to the fortunes of the capital markets and might require additional money from the feds. Said the idiot, "To the extent they [capital markets] continue to go down and we have to keep posting collateral, as it's called, the vernacular in the industry, it's possible it [the $123 billion so far in federal bailout money] may not be enough."
The AIG suits must need another spa retreat or hunting trip.
Funny how the Big Three can't make a buck anymore and the Japanese automakers who have plants in this country are all doing well...
2 things why they're still solvent:
1. They actually make small cars that get good mileage, lots and lots of them, and
2. They're non-union.
The Big 3 screwed up when they decided they couldn't make small, fuel-efficient cars and still turn a profit. But, they could buy the same from the Japanese and sell them - for a profit. Say what?
For 30 years, since the last 'fuel crisis', the upper level management of all 3 auto companies have had their heads stuffed up their fat behinds and ignored the handwriting on the wall.
If they get a bailout, one stipulation should be they immediately start making small, good-mileage cars.
Or, f*uck 'em. Let them die!
The foreign automakers will jump in to fill the void.
Geez, how did American business ever get to this point?
It's not just the incompetent management RT, "IT'S THE UNIONS"! The communist-inspired labor movement has destroyed this country. They are the major reason companies look to overseas for workers. The only people the unions protect are their own leaders and their left-wing political pals in DC.
How is it that Honda and BMW are doing so well with their plants down south, and "without the unions"? When those plants first opened, the auto workers union tried to unionize those shops "and it was the workers who said no"! How did Honda and BMW manage to do this? They treat their people well. And if you're a lazy goof-off, you're history. There's no union to protect you. In fact, you're fired by a panel of your fellow workers who are tired of lifting your weight!
If the so-called Big Three (only in their own minds) can't hack it, they should go under. Who needs them. Their experienced workers would be picked up by the Japs and Germans, who would then open more plants.
Obama needs them (the unions), Spidey. Most of the bailout money they want is to pay them back for the money they put in to his campaign. The big 3 are really health care companies for retired workers who just happen to make cars on the side.
Ways to revitalize the American manufacturing sector:
1. Repeal state and federal minimum wage laws.
2. Outlaw closed shops.
3. Repeal the law authorizing the EPA.
4. Repeal Taft-Hartley, Davis-Bacon and the Fair Labor Standards Act of 1938.
5. While you're at it, repeal the Securities Acts of 1933, 1938 and 1940...
Oh what the hell...I'm retiring and calling it a career by the end of this month anyway. Time to be a full-time grandma. I have another grandchild due to make HER appearance in March 2009. I cannot wait to spoil her!
11 comments:
I have re-sent the invitations to Missy and Bill O Writes and granted administrative privileges to all our guest authors. I'm not really sure what such privileges entitle one to do, but I suppose any one of you may change the settings, design and layout of the site to suit your personal tastes...should prove interesting.
In that case, sign me up and hang on tight.
sfp
IMHO, anyone receiving any bailout money should have to take a Dave Ramsey course first and agree to his "Debt Snowball" plan to get out of debt. Dave Ramsey should be the new Secretary of the Treasury! The safest place to be in all this mess is out of debt!
This whole bail-out plan is not fair since it's loaded with discrimination. Yes, discrimination! There's a Russian bakery up the street from me that can obviously use some financial help, since they're down to only one BMW. Then there's the Iranian guy who sells hot dogs from his cart. He says he can certainly use some free money. And what about the poor Korean guy in the little news stand at the train station? I know he could use some money too. Then there's the two Mexican brothers who own a used car lot a few blocks away. Their business hasn't been so good lately, what with the ICE raids and all, but shouldn't they get some free money too?
Have you guessed yet who are the only people that will not get any financial help? Need a clue? Look in the morror!
The $700 billion bailout scheme was sold as a necessary measure to thaw frozen credit markets and allow businesses to borrow short-term money to replinish inventories and for use as operating capital. When the banks hoarded the federal funds and failed to start lending again, Paulsen, Bernanke, Bush, et. al. had egg on their faces. Now, the feds are scrambling around and talking about taking an equity position in nine large banks in order to FORCE them to start lending. On a related note, American Express has cleared the regulatory hurdles to become a commercial bank...in order to share in the bailout. The losses to Amex due to card holder defaults and loweer consumer spending must be driving the company's decision to become a bank. Imagine that...the bailout that was to be used to rescue our economy is being used as a hedge against future losses by a comparatively healthy company.
Oh, and...
don't forget the Pelosi-Reid plan to bail out the U. S. auto ndustry. That, coupled with that idiot Ed Liddy's statement that AIG's cash needs were tied to the fortunes of the capital markets and might require additional money from the feds. Said the idiot, "To the extent they [capital markets] continue to go down and we have to keep posting collateral, as it's called, the vernacular in the industry, it's possible it [the $123 billion so far in federal bailout money] may not be enough."
The AIG suits must need another spa retreat or hunting trip.
Funny how the Big Three can't make a buck anymore and the Japanese automakers who have plants in this country are all doing well...
2 things why they're still solvent:
1. They actually make small cars that get good mileage, lots and lots of them, and
2. They're non-union.
The Big 3 screwed up when they decided they couldn't make small, fuel-efficient cars and still turn a profit. But, they could buy the same from the Japanese and sell them - for a profit. Say what?
For 30 years, since the last 'fuel crisis', the upper level management of all 3 auto companies have had their heads stuffed up their fat behinds and ignored the handwriting on the wall.
If they get a bailout, one stipulation should be they immediately start making small, good-mileage cars.
Or, f*uck 'em. Let them die!
The foreign automakers will jump in to fill the void.
Geez, how did American business ever get to this point?
It's not just the incompetent management RT, "IT'S THE UNIONS"! The communist-inspired labor movement has destroyed this country. They are the major reason companies look to overseas for workers. The only people the unions protect are their own leaders and their left-wing political pals in DC.
How is it that Honda and BMW are doing so well with their plants down south, and "without the unions"? When those plants first opened, the auto workers union tried to unionize those shops "and it was the workers who said no"! How did Honda and BMW manage to do this? They treat their people well. And if you're a lazy goof-off, you're history. There's no union to protect you. In fact, you're fired by a panel of your fellow workers who are tired of lifting your weight!
If the so-called Big Three (only in their own minds) can't hack it, they should go under. Who needs them. Their experienced workers would be picked up by the Japs and Germans, who would then open more plants.
Obama needs them (the unions), Spidey. Most of the bailout money they want is to pay them back for the money they put in to his campaign. The big 3 are really health care companies for retired workers who just happen to make cars on the side.
Bill passed away but you can send to Stinkinrottenkid.
The other day they waited
The sky was dark and faded (note 1)
Solemnly they stated
He has to die
You know he has to die
And all the children learning
From books that they were burning
Every leaf was turning
To watch him die
You know he has to die
The summer sun looked down on him
His mother could but frown on him
And all the others sound on him
But it doesn't seem to matter
And when the day had ended
With rainbow colours blended
His mind remained unbended
He had to die
You know he had to die
You know he had to die
Ways to revitalize the American manufacturing sector:
1. Repeal state and federal minimum wage laws.
2. Outlaw closed shops.
3. Repeal the law authorizing the EPA.
4. Repeal Taft-Hartley, Davis-Bacon and the Fair Labor Standards Act of 1938.
5. While you're at it, repeal the Securities Acts of 1933, 1938 and 1940...
Oh what the hell...I'm retiring and calling it a career by the end of this month anyway. Time to be a full-time grandma. I have another grandchild due to make HER appearance in March 2009. I cannot wait to spoil her!
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