Thursday, April 30, 2009
The First 100 Days
Wednesday, April 29, 2009
Buy American Automobiles: An Idle Question or Two
GM: Government Motors
- The government would end up with at least 50% of the common stock of the company, making them the majority stockholder.
- The UAW would end up with as much as 39% of the common stock.
- Bondholders would end up with the remaining 10%+ of the stock in exchange for $27 billion of GM's current debt.
- Current shareholders of GM stock would effectively have their investment wiped out.
For those of you have somehow managed to miss the signs (Signs, more like billboards!) of a fundamental shift in capitalism in the US (and the world), this would be it. This is no longer a loan or a temporary fix, this is a company voluntarily and permanently turning over voting control of its stock to the federal government. While the taxpayer will foot the bill for this, Congress, the White House and a small group of Federal bureaucrats will determine the long term future of what was once the world's largest company. What's more, they will do this in partnership with one of the nations largest labor unions. I cannot imagine a more ill-suited group to run a business of any kind, let alone one of such size and importance.
And ask yourself this:
- If GM is owned in the majority by the government, will it change it's name to "Government Motors"?
- What level of debt, in a government which seems to treat debt as its closest ally, will this new GM be allowed to roll up?
- If this plan, boldly put forward by current management, fails to return GM to profitability, what amount of red ink in this new company will determine when it fails?
- What unsupportable contracts with its partners in the UAW will be allowed to continue regardless of a lack of profitability because the UAW controls so much of the stock and the government has the taxpayers bank account to fill any gaps?
- What new levels of expensive federal bureaucracy will be required to direct, manage, and regulate this new Government Motors?
- What impact on competition (from the standpoint of both US and foreign automakers) will a government owned auto manufacturer have?
And most importantly,
Would you buy a car from a company where the design, manufacture, sale, and long-term service of your vehicle would be ultimately performed by the federal government?
I have to tell you that I will be purchasing a new car later in the year, and that this situation has certainly given me pause over the potential selection that I will make...
Tuesday, April 28, 2009
Swine Flu Susceptibility
The "Stuck On Stupid" Dictionary #17
Once again, it is time for us to add words to the ever-growing SOS "Stuck On Stupid" Dictionary. For those of you unfamiliar with this particular piece of reference material, the SOS Dictionary is an ongoing effort in lexicography which compiles terms and expressions nominally part of the English language, but which often have a special meaning here is Toledo and Northwest Ohio.
Old GM Business Plan:
- The strategy that a capitalist company or organization like General Motors creates in order to achieve an established end or objective (ie. a Profit).
New GM Business Plan:
- Any strategy that a combination of government bureaucrats, elected officials, and union leaders like the proposed new General Motors can manage to come up with, using the US taxpayers monies as financing in order to achieve an established end or objective (ie, a Profit).
- Something that has lower odds of occuring than the result of the "Infinite Monkey Theorem". (see Infinite Money Theorem)
Infinite Monkey Theorem:
- A mathematical theorem that states that an infinite number of monkeys hitting random keys on a typewriter for an infinite period of time will almost surely type a given text, such as "The Complete Works of Shakespeare".
Saturday, April 25, 2009
US History Trivia
- If a statue in a park of a person on horseback has both front legs in the air, the person died in battle. If the horse has one front leg in the air, the person died as a result of wounds received in battle. If the horse has all four legs on the ground, the person died of natural causes.
- Our first president was elected by almost unanimous acclaim, riding on the coattails of his success as the head of the Continental armies. This is pretty amazing when you realize that he lost approximately 70% of the battles he fought. Of course he won the last one, which was why the position of president was available in the first place.
- Only two people signed the Declaration of Independence on July 4th, John Hancock and Charles Thomson. Most of the rest signed on August 2nd, with the last signature being added 5 years later.
- The most well-known version of the song “Yankee Doodle”, adopted by American colonists as an anthem during the Revolutionary War, was actually created by the British, and as an insult. The song described a Yankee ‘doodle’ which was another word for a fool going to a club in London notorious for its membership of foppish dandies. So it could be said that Yankee Doodle was not only one of our first anthems, but possibly our first “gay anthem”.
- Andrew Jackson’s opponents called him a “jackass” during his run for the presidency in 1828. He liked the image so much that he made the image of the animal the new symbol of his national party, the Democrats.
- The only war that the United States could actually be considered to ever have lost was not the Vietnam War, as most people think, but was in fact the War of 1812. During this war the US lost almost every land and sea engagement, and had its capital burned to the ground. Ironically the most significant battle that the US won during this war was the “Battle of New Orleans”, which made Andrew Jackson famous and launched his political career. It fought on January 8th, which was two weeks after the war was technically already over.
- ·Every day, more money is printed for Monopoly than for the US Treasury. (Im not so sure on this one any more, as I believe that the Treasury has put the presses on overtime and into overdrive.)
TFP Column: Pulitzer or Profit
This week's effort for the Toledo Free Press came as a result of the announcement of the Pulitzer Prizes for this year. Daily newspapers have long been confused as to whether they were "award winning businesses that occasionally made a profit, or profitable businesses that occasionally won awards". I fear that the day is coming soon when it may be too late for them to choose, the choice will have been made for them ... to their decline.
And so I take up the subject of "Pulitzer or Profit", and what it holds for the industry that I'm a part of.
No need to worry about weekly newspapers like the Toledo Free Press yet however. They are much more in tune with their markets, and much more in touch with the concept of running a profitable business. Which is why, if you want to know what's going on in Toledo and Northwest Ohio, you will find out from the Toledo Free Press.
Thursday, April 23, 2009
The "Stuck On Stupid" Toledo Dictionary #16
It has been a while since we have added to the particular piece of lexicography. This is not to say that our city's leaders have not been up to their normal stupidity, but it takes exceptional stupidity in order to make it into the SOS Dictionary. Such stupidity has come to the attention of this humble scribbler, even while is a far away state.
(On a side note, I would like to give thanks once again to Fred LeFebvre, Brian Wilson, and Maggie Thurber of AM 1370, WSPD in Toledo; whose efforts to highlight the nonsense and stupidity in Toledo often inspire and greatly contribute to my efforts in assembling this particular series of postings.)
Insurance Company:
- A publicly held company (except in the case of mortgage insurance) that is empowered to operate a legal process of gambling. The company gambles that it will take in more in premiums from policy holders than it will dole out in policy settlements. The policy holder gambles that he will get more from insurance company in settlements than he (or she) will pay in premiums.
- An organization that Councilman Mike Craig thinks that he can beat at their own game by having the fire department bill for everything from fire suppression foam to wear and tear on the department vehicles. (It is this kind of thinking that pays the utility bills for the Casinos in Las Vegas.)
- Asking the taxpayers of Toledo to believe that they will not be the ones footing the bill for the lost revenue from these fees that the fire department charges when the city discovers that it is not as smart as an insurance company dedicated to making a profit, something with which the city is entirely unfamiliar with (see profit from previous entries).
Posturing:
- Striking a pose literally or figuratively in order to draw attention to one's self or make a point.
Poor Posturing:
- Striking a pose unneccessarily only to discover that you have done so in quicksand and the only attention that are now drawing is based on the fact that you are sinking and unable to escape the untenable position that you now find yourself in.
Wednesday, April 22, 2009
Banking Confusion
Earth Day
For those of you who didn't realize it (how that could be, I don't know), today is Earth Day.
In the spirit of evil Conservatism and the with concept of just blowing smoke, please note that today's postings were both written on a lap top powered by a coal-fired generator (high sulfur, by the way) while every light in the hotel room that I was staying in at the time was turned on.
Happy Earth Day to all ...
Tuesday, April 21, 2009
Toledo Government Is Pro Business
Saturday, April 18, 2009
You Stink !
Besides, your objection should not get to determine my behavior. I am allergic to cats, but that doesn't mean that other people shouldn't get to own them. What we might be able to agree on as objectionable however, is that the smell of a cheap cigar is bad, and much like a cheap perfume can be truly annoying. And that brings me to the my next point.
There are far too many out there who qualify as parts of the "unwashed masses". Not that we have sunk to the level of the French at least, where bathing still appears to be a hobby rather than a regular practice; but there still appears to be more than a few out there who could use additional doses of soap and water. And of those do manage to get within a handshaking distance of human cleaning products, many of those could use guidance in the area of cologne selection. For those of you who didn't know, the cologne that smells good on your friend may not smell as good on you. A more expensive bottle of perfume does not necessarily smell good, nor does wearing more of it make you smell better. And for those of you who have bought into the nonsensical and wildly successful ad campaign, Axe cologne and body spray does not make women go mad over you (unless it is in fact to run from your ignorance).
Covering a lack of regular bathing with a perfume or cologne, no matter how expensive or how much you use, simply doesn't work. (Remind me to tell you of an acquaintance of my youth that we used to call "Belly" some day.) What often smells even worse in many cases however, is the arrogance of the opinions of the politically correct crowd, sneering at all who do not hold the views that they consider sacred laws, never to be violated (yeah, you knew I had to get to this at some point, didn't you). The stench of such sanctimonious behavior reeks of the putrefaction of a dying mind, no longer capable of processing new facts or information. In fact this odor may be worse than almost all others; as it is insidious in the way that it spreads, can often go unnoticed until the carrier begins to speak, and is such that it cannot be helped by any purchased scent, regardless of the price. Once perceived however, it permeates the very fabric of the space around it, conveying the odors of self-righteousness, decay, and arrogance.
So for those of you sitting smugly on the pinnacle of such arrogance, looking down from its heights on those of us indulging in what you consider our misguided views and filthy habits. For those of you who wrinkle your nose in disgust at us in what you consider our misguided notions and behaviors. Remember that from the heights that you inhabit the breeze hits your exposed position first, and more directly. And for those of us, who seem to be eternally down wind of your snobbery, pompousness, and condescension let me tell you ... You stink!
Friday, April 17, 2009
TFP Column: Sword In Toledo's Stone
Wednesday, April 15, 2009
The Pay Gap Is Growing
Tuesday, April 14, 2009
Right Wing Extremists ?
Saturday, April 11, 2009
Second Hand Noise
- You are crammed into an airplane for a cross-country trip, only to be subjected to someone four rows ahead of you playing an I-Pod or DVD player through their headphones loud enough for you to hear what they are listening to just well enough to annoy the hell out of you.
- You are stopped at an intersection only to have someone pull up beside you in a car whose stereo is playing loud enough to rattle the windows in yours, not only drowning out the sound of your own radio, but that of your engine as well.
- You are sitting in a quiet restaurant attempting to enjoy a fine meal, a great bottle of wine, and perhaps an even better conversation with someone, only to be interrupted by the screams of a baby far too young to be there in the first place, but brought never the less.
- You are attempting to shop for what may prove to be a couple of completely unnecessary items in a grocery store or mall as quickly as possible before returning to the relative peace and quiet of your home, only to be subject to the squeals, screams, and shouts of some family's rug rats as they clamor for some sugar or chocolate coated item or toy guaranteed to make their behavior only worse.
- You are sitting almost anywhere these days, simply trying to enjoy a moment of peace in what is proving an increasingly insane world, only to have that brief respite ruined by someone who thinks that listening to their end of a conversation on the hands-free rig of their cell phone is something that you cannot live without.
People, if I am forced to deal with your unproven anecdotal data on the dangers of second hand smoke and to modify my behavior as a consequence, then those of you contributing to the loss of the volume control of the planet can deal with my very real concerns with the now deafening output of noxious noise coming from most of the rest of you, most of the time. Perhaps those of you particularly guilty of making this auditory assault on our collective eardrums can make a sacrifice similar to my own, and limit yourself to more solitary occasions for your mostly auditory assault. Perhaps it's time that every one of you contributing to the higher overall decibel level of the human race begin to make a similar behavior modification in the name of species' peace of mind.
TFP Column: The 10% Solution
This week's effort in the Toledo Free Press is pretty straight forward. We keep getting told by the government that times are tough and we all need to make sacrifices. Well about we go with "The 10% Solution", where every member of Congress takes a 10% pay cut instead of the raise that they just got.
Oh sure, it won't balance the budget; but it would save the government over $9 million per year, as well as show we taxpayers that our elected representatives are willing to share our pain.
Pain is exactly what you'll be feeling if you find out that you missed something going on because you thought you were too busy to catch up on everything that's going on in NW Ohio by reading the Toledo Free Press.
Wednesday, April 8, 2009
The Agony and The Ecstasy
Saturday, April 4, 2009
I'm A Liberal
TFP Column: Asleep At The Wheel
But don't let my depression over discovering yet again that I haven't been paying attention to much of what has been going on around me. And don't make the same mistake that I have, a situation that can be quickly rectified (at least in part) by spending some time catching up with events in the Toledo Free Press.
Wednesday, April 1, 2009
SCHIP II - April Fools
- Under the new guidelines, families earning up to $70,000 per year for a family of four will be eligible for SCHIP coverage
- Under the new guidelines people will still be considered children when they are 30, and therefore likewise eligible.
- 60 percent of those currently uninsured are under 35, and 40 percent of them are under 25.
- Many of these without coverage are uninsured not by compulsion but by choice, choosing to spend their money on things other than health insurance and believing that their youth and current good health offer them some level of protection.

