Search and Yee shall find (Maybe)

Thursday, November 20, 2008

Detroit Bailout


If you have been following the news this past week it looks live the Big three automakers in Detroit are looking for a government bailout.




Auto executives were up on Capitol Hill pleading their case on how they need this "urgent" intervention or else the world is going to end. It was amusing to see these executives squirm as Congress asked why this was allowed to happen.

Those who support a government bailout argue that without it would be disastrous for the U.S. economy.

Since when is it the responsibility of the Government to bail out Business.

The last time I checked this country is a capitalist society where business succeeds or fails based on how they operate.
This is what I believe Detroit needs to do to improve their bottom line:
1.) Senior Management pay cut & elimination of bonuses

2.) Start making cars that consumers want to buy - smaller cars, better gas mileage

3.) Voluntary, temporary pay cuts for production employees - not popular but needs to be done

4.) Bankruptcy - may be needed to renegotiate these insane contracts.


Make Detroit work this out on their own and not rely on Uncle Sam to make thing all better.

You probably figured out hat I am opposed to government bailouts.

Write your Congressmen & Senators that you oppose bailouts for Automakers, Banks, Airlines, etc.

I am Neil Bytes and I approve this message.

Tuesday, November 11, 2008

VETERANS DAY




Thank you to all Veterans who served in the Armed Forces!!

Sunday, November 9, 2008

Blizzard

Blizzard in South Dakota last week.
Courtesy of the Associated Press. Enjoy!

Here's the clip:

Presidential Election Myth

The 2008 Presidential Election has come and gone and it looks like Barrack Obama will become the 44th President of the United States.

However, it will not become official until the pledged delegates submit their electoral votes on December 15th.

A common myth is that United States citizens directly elect the President, not so.

The people in each state votes and based on who recieves the most votes in each state that candidate gets the electoral votes. Most states have a winner take all approach.

The interesting point is that the delegates that will cast their respective states electoral votes are under no obligation to vote for Obama and there is no law that requires them to.

However, the electoral college is pretty much a formality. Whether the electoral college is still relevent and should be done away is another debate for another time.

Those high school civics classes have paid off.