Bailouts
All this talk about bailouts reminds me of hearing Arlo Guthrie singing Tom Paxton's Changing my name to Chrysler many years ago. Today in one of the papers, I read about a guy named Chris Merren, who has been standing down at King & Bay asking for a $250 million bailout, a modest sum from the government for the sake of society. He wants us to help him help us. Mr. Maren runs a wee company selling promotional products, and it seems $250 million would tide him over for a couple weeks.
There seems little doubt that at least in the large part, the big three North American automobile manufacturers are the authors of their own demise. Still, there are a lot of families out there who have been raising families on well-paying automotive jobs which are disappearing fast.
The question is, can these companies turn things around with a healthy bailout, or would it just delay disaster a little longer?
Here's The James Cotton Band with Rocket 88:
And the late great Don Walser, singing Hot Rod Mercury:
Finally, let's listen to Mr. Paxton's updated tune, I'm Changing my Name to Fannie Mae...
3 comments:
I'll bet there are actually more people named Fannie Mae than their are people named Chrysler.
Rocket 88 - what a delightful Utube - thanks!
Loved the satire one as well....oh I have such mixed feelings about these "bailouts" - I think they should tar and feather the CEO's and ride them out of town on a rail as they say out in Wyomin'! As our tax dollars once again go upwardly mobile, I wonder when us poor workin' folks are gonna get ours?
How about my friend who is barely hanging on - owns a realty company - where is his bailout? A million other small businesses like his - who bails them out? Has the world gone nuts?
Well, you know how I feel about the auto bailout.
The same way I do about logging...give them bailouts for education for retraining.
Michael Moore has been on junkets with proposals went to congress
"give the Big Three their $38 billion, but tell them you own their ass and make them build hybrids and mass transit options instead of gas-guzzling SUVs"
and here is a video:
http://blog.spout.com/2008/12/04/michael-moore-offers-an-auto-bailout-solution-clip-of-the-day/
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