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There’s an old saying that states; if we don’t learn by our mistakes, we are destined to repeat them. And so it goes that we are repeating mistakes made within the auto industry.
The media reports on a daily basis the turmoil within the auto industry, particularly two of the “Big Three”, General Motors Corp. and Chrysler Corp. GM is only days away from “Bankruptcy”, or whatever it can be deemed as today, and Chrysler has already accepted their government dictated “Modified Bankruptcy”. Added to this are the tens of billions of taxpayers’ dollars that has been pumped into these two ailing corporations with little to no chance of seeing these funds returned.
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Liddy (AIG CEO) berated by Senate sub-committee over bonuses.
Barney “Rubble” Frank and his band of stooges attacked a man who took the helm of AIG AFTER the federal money started rolling into the coffers of AIG. What’s important to note here, is that Liddy’s employment contract pays him and annual salary of $1. Yes, it’s true that $165 million in bonuses were paid out on March 15th and that the taxpayers footed the bill. A contract is a contract and the government should have looked deeper and put rules into effect PRIOR TO forking over nearly $200 billion to AIG.
Liddy has asked those who received bonuses in excess of $500 thousand to turn 50% back to the company. Liddy said the some have returned 100% of their bonuses. It is my opinion; know how important the safety of my family is to me, that this reflects the actions of people who are afraid for their safety. Liddy read aloud to the committee just one of the death threats the company has received. This is ludicrous! AIG has honored its legal obligations to its employees. It is our government who has dropped the ball here. I don’t support how AIG has handled its business and fiscal responsibilities but, I absolutely do not condone threat to its employees.
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The new administration now has fifty days of controlling this nation under its belt. But, what of it? The economy is still in a desperate, downward slide and with the actions and legislation set in place; do we really see any relief in sight? Well, I believe that should be determined by each and every American based on their situation. I can tell you, as a matter of fact, that most would say that things are getting tougher.
I feel blessed to be in an employment position where the risk of becoming unemployed is minimal at best. However, close acquaintances have not been so fortunate. One such acquaintance lost his job after seventeen years of dedicated employment. Oh, just to make a point, he was not employed in the private sector; he was a public servant, a very good public servant.
Now, to the meat of this post.
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As Obama-nomics takes a firm grasp on the nation and socialist government policy looms on the horizon, many see our country’s future as bleak. Many conservatives are starting to feel as though the situation is becoming hopeless.
The Obama administration has perfected a marketing scheme. This scheme has been used since day one of Obama’s entrance into the presidential arena, when he began to run for the office. I say that it has been perfected because how else could an inexperienced, senate newbie, with very questionable ties, ever be elected to our nation’s top office? We do the same thing as we venture into job interviews. We market ourselves to the prospective employer: The better we are in “Selling” ourselves, the better the chance of our being hired. The difference, we don’t spend tens of millions of dollars in doing so (This should have been a huge insight into Obama’s spending habits).
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I thought I’d take another look at our Deceleration of Independence and see if there was anything that I could relate to the current events of the day. Much to my surprise (well, not really) there was. What I found was that the current administration was not a product of the declaration but, more the reason for it. I’ll explain what I mean.
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