What's that sound? Could it be the sound of deflation sneaking into the world economy? I wonder what it will take to sell all of the RV's and all of those houses in Compton, CA and Clark County, NV and don't forget all of those big trucks and SUV's.
Which brings me to GM. The fact that those big dopes have the nerve to ask for government help is way beyond my ability to comprehend. I know that the auto industry is a big part of the US economy and there are tons of people who depend on its success for employment. But ... remember back in the early ninety's when the auto industry was faced with the dilemma surrounding the gas consumption of their newest innovation, the SUV? the solution was not to make the cars more efficient as a thinking company should, but rather to "lobby" to have the SUV's designated as trucks thereby qualifying them for lower gas mileage. Now, I take the position, that each of us has a moral responsibility, an imperative, to use as little energy as possible. Therefore, I might be a bit opposed to the whole idea of the SUV ... period. But, to get the entire consuming public of the US into buying into the idea that a big station wagon is a truck is a pretty good trick. Still not as good as light beer, e.g., make it manly and the dopes who drink it have to buy twice as much to get drunk. Now, there's a really good trick. I'll bet that whoever cooked that one up is in the advertising hall of fame.
Anyhow, AIG and the rest of the idiots that are the recipients of the government's largess should be taken into the public square and flogged by the rest of us. The economy is going into the tank. Deflation is VERY REAL and it is going to kill many businesses in the country. If GM gets a handout, then so should we. At least bike shops are responsible green businesses that deserve help. The companies that are getting it though are the ones that put us in the hole to begin with.
It is a bitter irony indeed, that I saw it coming, tried to warn about it and now may end up a victim.
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3 comments:
Yesssss. I think the gov. should be bailing out
bike shops, not those dopes at GM. Of course,
GM has lobbyists and you don't. Another consideration is that that one bailout is never enough. AIG has been bailed out, what?
three times, with the latest one for
150 billion, and that will not be the end of it.
So GM gets bailed out. So what? They will need another one, and another. . . Look what happened
to NW airlines after the state of MN bailed them out.
You've probably seen it by now, but the Times, on line, has has a story dealing with how the lobbyists have gotten in on the act. Dem's dat got are dem's that git!
Well, you may get your wish. Today the NYT
has a piece saying that GM isn't going to be
bailed out. The Republicans don't buy it,
and I don't either. The dopes at GM kept
making huge expensive SUVs that nobody
wants now. Maybe it's the end of the Car Culture
that dominated the U.S. for so long, and
the beginning of Bike Culture!
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