Simple. It rewards incompetence. It’s like rewarding the kids that get C’s and ignoring the A students.
3 Little Pigs
America was built by great men – men with vision – men who refused to let obstacles stop them – men who believed in and manifested power.
Many of our formerly great companies are now run by weak [...]
Show Me Your Cards
On Fast Money (CNBC) today, Karen Finerman suggested that the Big 3 Automakers compete for bailout money. Each company puts together a proposal on what they are going to do to turn things around, how much money it will take, how long it will take, etc. They submit the plans to Congress [...]
Pelosi Bailout
House Speaker Nancy Pelosi said Saturday the House would provide aid to the ailing U.S. auto industry, requiring that the industry meet new fuel-efficiency standards, produce advanced vehicles and restructure “to ensure their long-term economic viability.” (AP)
So once again, Congress is putting macro before micro – large companies and unions before individuals.
We the People [...]
