Buy Ford

  I can't believe the news today.  Now I know your about my age if that made you sing the U2 song Sunday bloody Sunday, one of my favorites of all time.  Anyway, I read that the car company GM is now 50% owned by the Federal Government and 39% owned by the UAW or United Auto Workers Union.  Now, I have had a lot of bad ideas in my day but this is the worst idea I have ever heard of!

  We have a government that has no idea how to make a profit or do anything that takes customer service, think of the last time you went to the DMV or called the IRS with a question.  Now partner that with the people who negotiated an $87 dollar an hour average rate for all blue collar workers and had no idea that this would make the cars to expensive and not competitive to foreign models.  So, who cares, they will just be out of buisness right?  Well there is the big problem, they have already taken billions from the taxpayers and my guess is they will continue to do so every time they need more.  Once again can you say bad idea! 

  Now contrast this with Ford who took no money from the taxpayers.  Founder Henry Ford I consider to be one of the great Capitalist in American history.  The Ford Foundation is a charity set up and funded by the Ford family and was given enough money to go on in perpituity.  Ford’s stock hit a low of $1.01 and closed today at $5.19. 

  Ford makes a great product, I sold my 1997 Ford Winstar this year, it had over 200,000 miles on it and never neded any major work and got a 2007 Ford F250 diesel truck.  But talk about an uphill battle, not only do they have the usual foreign competition that doen’t have to pay near as much labor costs, but now they have to compete against a company with an endless supply of our tax dollars.  I urge you to buy a Ford and support this great company for two reasons.  First to show that Capitalism is still alive and works much better than Socialism and second, because the US needs a world class manufacturer to keep our great country healthy and strong.

 

WHAT ARE WE MAD ABOUT

Are you kidding me?  Let me get this straight, we are supposed to be really upset at AIG because the government gave them and others TRILLIONS of dollars and they paid 120 million in bonuses to employees.  Ok, I understand, why they are paying bonuses when the company lost all this money?  The simple answer is they already had employment contracts that paid a bonus at a certain date.  These are legal contracts that can only be broken by the company filling bankruptcy which is what we should have allowed to happen in the beginning.  Bad companies that make bad decisions, like paying millions in bonuses even though the company is failing, need to go bankrupt so that good companies that make good decisions can take the bad companies customers and employees and everyone is happy.   

I am not nearly as mad at AIG paying 120 million in bonuses as I am at President Obama giving away TRILLIONS of dollars.  Remember, it takes more than 999 million dollars to make a BILLION and more than 999 BILLION dollars to make a TRILLION dollars.  Billion and trillion used to be terms that were only thrown around by kids upping bets, I’ll bet you a million, well I’ll bet you a billion, oh yea, well I’ll bet you a trillion, and that was were the game stopped.   Now I wonder how many months it will take to hear that President Obama has spent a GADZILLION, if that really is a word.

The last figure I heard was that the Government has spent more than 7 TRILLION dollars.   Getting mad at AIG paying 120 million in bonuses is like getting upset about the wind generated from a flee fart while your in the middle of a hurricane.