Friday, March 6, 2009

Throwing Good Money After Bad.

Gimme, Gimmie, Gimmie. That’s the cry of big business these days.

Once they convinced us they were all powerful, benevolent super companies doing good for the American people by providing jobs, credit and opportunity.

The AIG’s, GM’s and CITIs of the world took a page from L. Frank Baum’s “The Wizzard of Oz” and, as markets and business practices started to unravel, kept telling us not to pay attention to the man behind the curtain.

Boy did they do a snow job on us!

Now that these mega business giants are broker than broke, they want all our money – even money we don’t have.

“Please, please, please” they cry. We’ll be good, just bail us out (and don’t pay attention to the retreats, office furniture and other luxuries we buy with your cash). Oh, and don’t forget you can’t ask us to account for what we do with your money.

Enough is enough. It’s time to stop rewarding bad behavior and bad business practices.

GM has known for years it was making an inferior product and using a business model hopelessly outdated. Why reward them? If they can’t compete, they need to fail like every other company that can’t compete.

It’s time to fix our economic problems and I can assure you, GM, AIG, et al don’t have your best interests at heart. They just want the cash.

Why aren’t we helping all the companies large and small who are still in business creating products and jobs? If they’re weathering this storm, they must now how to run a business.

It’s time to stop rewarding the screw-ups and start reward all these companies that do it right. They are much more deserving of Federal money than any of the Wall Street disasters we keep seeing whine and cry on our TV sets during the nightly news.

If a business can survive the current economic climate, let’s give it money to keep going, to expand and create more jobs. These companies are more deserving of our support than the Wall Street Whiners. The successful will drive this economic recovery.

It is also time for America to get off its collective duff and work together to fix the economy - stop complaining, stop asking for more money, get back to economic fundamentals and drive the economy like we used to. That means stop being afraid of the recession and start working to dig out and move forward.


It’s time we stopped whining and feeling sorry for ourselves. It’s time we stopped listening to the talking head nabobs of negativism on TV (most of whom aren’t economists, just talking heads). This is like World War II, get in the march to victory or get out of the way and shut up. The time for negativism and lack of cooperation is over.

This isn’t about Democrats or Republicans; liberals or conservatives. It’s not about political or business philosophy. This is the time for us to do whatever it takes to get our country and its economy back on track.

America is the greatest country in the world. We have almost everything it takes to be great again.

All we need is the faith to step our and reclaim our destiny.

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