Tuesday, November 18, 2008

Bail---in or out????

How about them Somali Pirates?????????? 12 ships in 7 days from an area of the ocean patrolled by the US Navy, Her Royal Majesty's Navy, the EU, the Emirates, and Kingdoms of the Gulf!!!! YeeHAW!!!!!!!!!!! The Pirate Dogs hope they get to keep their loot and that they use it to improve the standard of living in the Horn of Africa, one of the poorest and most badly governed places in the entire world.
I need to correct the last post---There were a couple of inconsistencies in the sources. Apparently the ship was taken in the Gulf of Aden and is now anchored in the Indian Ocean some 450 miles from Mombasa, Kenya. Capt. 'Roid apologizes for the misinformation.
Now that the Somalis have bailed out their ships, how about the bail-out in DC of the BIG 3? I thought this was a capitalistic nation, not a welfare state. If I ran my business with as little forethought and lack of planning as that exhibited by the CEOs of the Detroit mega corporations, I'd deserve to be fired or run into bankruptcy. Now I fully appreciate that we cannot allow the auto industry to go the way of the airlines. There's always places to go and someone to take the risk and fly there. No sane person would buy any major asset from a company in Chapter 11. Cars last years and anyone purchasing one wants to make sure he can keep his investment on the road. But a free ride out of their hole is the last thing we should support as taxpayers or citizens.
I believe that successful people should get the fruits of their hard work. And executives who can't formulate a decent forward-looking business plan should go back to the business correspondence school they came from for a refresher course.
Memo to our representatives----
NO BAILOUT!!! No LOANS to the auto Industry without STRINGS!! WE THE PEOPLE need to see how OUR money will be used to sustain the industry and IMPROVE the performance of its products----MORE MPG, MORE environmentally friendly, NO MORE loans or taxpayer dollars after this ONE time.
After all, if a bunch of Somali pirates can outperform the navies of the allegedly advanced economies, our congress, senate, and captains of capitalism should be able to give us some bang for our buck in a car that gets 50-plus MPG, is safe and fun to drive.
Let's get our people in WaWa DC this message!!!!!

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