Why I support the auto bailout?
I am one of those old-fashioned believers in free markets (I think that is what made our country great) and that is why I never supported spending a even dime bailing out Wall Street. These are the same crooks that sang the praises of free markets and why they should be left alone but when they screwed up, they line up with a begging bowl asking for help from us when they screwed American people every day.
Now why do I want to give some help to the carmakers?
Merely as an act of charity to millions of fellow Americans who would otherwise lose their jobs right away. Sad as it is, but like steel or apparel or software development, it makes no sense for us to make cars and it is in our best interest that our car companies eventually shut down. They make lousy cars, they do not want to change their business models, and they have too many other structural problems.
By giving them some money right now, however, we will just postpone the pain for workers, maybe by a few months to an year or two. To lose a job right now means that these workers will be unemployed for a very long time putting a big strain on our economy. However, I am expecting that in 6-9 months, we should see an economic recovery, and if these companies go out of business around that time, the laid off workers can find alternative employment rather quickly.
Google strategy
I wrote about Google business model a while ago and since then I have continued to discuss Google in bits and pieces based on my experience but the presentation below is a great summary of the company. It is great if you are planning on investing in the company or want to work as a publisher with them (the way I do).
Secularization caused American financial crisis
Earlier I wrote how people are begging God to save the economy. I guess everyone has a theory on what created the Wall street crisis, but morons that run Wall Street Journal have no clue what they are writing.
A clown by the name of Daniel Henninger says that the crisis is due to secularization of America. Hmmm…That means all the other secular countries of the world should be in perpetual financial crisis. “It has been my view that the steady secularizing and insistent effort at dereligioning America has been dangerous. That danger flashed red in the fall into subprime personal behavior by borrowers and bankers, who after all are just people. Northerners and atheists who vilify Southern evangelicals are throwing out nurturers of useful virtue with the bathwater of obnoxious political opinions,” he writes.
I hope anyone responsible for fixing the current mess is not listening to him; otherwise, we will be in this mess forever. It is so amusing that shenanigans of crooks in corporate America are being blamed on the religious beliefs of Americans.
