What happened to main street folk?

I have always used reason to gauge decision making, and when months ago I wrote that Obama’s decision to bail out the big three in the auto industry was a waist of money; I was asked to give him a chance. But reason suggested to me that anyone who would suggest such was not really thinking at all, were not proponents of the free market system, and worse had little if any understanding of math and economics.

I specifically pointed out, and correctly that the automakers' problems are their own doing, a function of bad business decisions, messed up labor agreements and a result of making sub-par, gas guzzling cars that nobody around the world, not even Americans want to purchase. Not to mention, it was only designed to stabilize the industry , like a band-aid on a cut and not solve the problem for it would not stop what the market forces had in store – that one if not all would still fail, need to file bankruptcy and go out of business anyway.

I have never supported the use of U.S taxpayer dollars to reward the mismanagement of any business, instead I felt as if Main Street, the small businesses, those that are responsible for 80 percent or more of job creation should be getting loot if any business deserves such. I don’t by the mantra of Wall Street nor the big auto manufactures cry of being victims. How so I ask, since the Detroit companies, especially General Motors, have way too many brands and dealers to operate efficiently, at least in reference to their current market-share levels.

What gives the President the right or authority to steal my money and give it to supra rich mutha fuckas who operate failing businesses? No wonder the right says that we have corrupt Socialists in power now, who run our government. And these are the same folks who say we should not just pass folks in schools because of their grades, yet say in essence if you are a failure in business, you are rewarded. Like the more you fuck up, the more you can take tax money (rob) the citizens of this country. Jones aint ask me if I wanted the auto industry or Wall Street if they can have my loot. I mean if the car industry couldn’t be effective in their own industry why or how can the government be?

I think we would be better served if Obama gave $100 stacks to every citizen in the USA to pay they bills and get rid of they debt. But me no democrat nor am I as smart as big wigs in the white house or on capital hill – I just think and ask what happened to main street Mr. president, recant, you said we would be first? I just wish I could communicate without conflation and derogation that private interest do not equate, nor are the same as economic interest, especially the economic interest of the American citizen.

Government Motors

I wanted to write this a few days ago, particularly after I read the comments regarding how the administration plans to deal with the automobile industry. Now many of you know my approach to economics as well as my position of this crisis. First I think that there needs to be a restructuring of our financial system, that we can’t keep on giving folks money to waste, that we need to produce something the rest of the world will purchase and that we should let the free markets deal with this – let businesses fail.


Now if you have not read his remarks, I suggest you do so with the quickness. From what I have discerned, after several readings is frightening. It seems that what his auto task force is undertaking is in direct conflict with the constitution of the United States, specifically the Taking Clause of the Fifth Amendment. Now I know that many of us dumb Americans aint read and don’t know the constitution, and likely couldn’t tell the difference between the fifth or sixth amendment if asked. The Fifth Amendment provides that private property shall not be taken without just compensation and includes a provision known as the Takings Clause, which states that "private property [shall not] be taken for public use, without just compensation." This only applies to actions by the federal government. The Takings Clause imposes two requirements on government in order to exercise this power. The first being that the property to be acquired must be "for public use," and second, that the government must pay "just compensation" to the owner of the property that is seized.


It sounds to me that the government is getting in the automobile industry. I mean the programs of the government have never worked better than those in a free market. This is something that I would expect from a communist country like China or a socialist country like France – but not here. First, there is the issue with Chrysler, in which we are about to PAY a foreign company $6 billion plus (not an American company) Fiat “ to transfer its cutting-edge technology to Chrysler and, after working closely with my team, has committed to building new fuel-efficient cars and engines here in America.” In addition, there is the statement “the United States government will stand behind your warrantee". And check this, like an investment bank, the Federal government announced it will now begin to practice automobile financing via the “the Treasury Department's Consumer and Business Lending Initiative”...and “auto finance companies to increase the flow of credit to both consumers and dealers.”

Then there is the statement that my tax money (recovery act funds) will be used “to purchase government cars” and go out as “other federal fleet purchases as well.” How can the government get new cars with my money when I can’t afford to do such? Why not save our money so we don’t have to borrow anymore from Asia. This is not tightening ones belt buckle. Add to that that the IRS, as if it doesn’t have enough stuff to do regulating our tax dollars will become the governments automobile marketing firm. In his own words the President stated: “Third, the IRS is today launching a campaign to alert consumers of a new tax benefit for auto purchases made between Feb 16 and the end of this year -- if you buy a car anytime this year, you may be able to deduct the cost of any sales and excise taxes. This provision could save families hundreds of dollars and lead to as many as 100,000 new car sales". The current Secretary of the Treasury can’t even get Deputy’s in house to support his efforts, but we can create another wasted job at the federal level for a Director of Recovery for Auto Communities and Workers.


I do not know about you, but this is a very slippery slope. First no one in the administration is brave enough to tell us how many more bailout they are going to provide to big business or how much money they will continue to give and borrow abroad. Not to mention it will only be a matter of time before a couple of the corporations getting bailout loot will fail anyway.The sad thing is that I always her “now let me say this clearly” and “we have to do this”. We do not have to do jack. What happened to bankruptcy, at least that way nobody will have to loose their jobs while undergoing restructuring. I believe that business owners should either work their way out of their economic problems or fail for that equals a free market to me. But then again what do I know, it sounds live General motors’ don’t exist no more and has now become Government Motors.

The Baroque period

Point of Order: 1] Wanna thank Dusty for reposting my essay: deposits and despots & my post next stop - martial law, also Shine girl for putting hher reading one of my books on her blog & Chicklit girl for the review she did on me.

2] PC charger dead so will chk my blog roll when i get another. Until then?

Now I know it is about two weeks left before the general election and that folk all geeked up about this. As well as all stoked on Obama. Now I’m trying to pay attention, but I cannot really because all of my attention is still focused on my loot and getting my small business off the ground.

To me, it is all just a form of trickery and deceit, or as they say in football, a misdirection. I cannot believe the hype, especially in projections and pools related to voting penchant or the electoral map when I don’t collect the data or can read about the statistical methodology. So for me such is neither here nor there, for it would not surprise if he (Obama) won or loss; for no matter whom wins - the next ten years, if no more, will be reflective of a dead economy regardless.

In Georgia for example, there is a jobless rate of 6.5%, which lets me know that for every five folks looking for full-time employment, there is only one available job. Not to mention what we have seen over the past few weeks regarding the vertiginous ups and downs of the US Stock market and the ad hoc manner in which the Feds pick and select who to and who not to help, its no wonder the financial sector has been devastated. I still say Paulson is a fuc boy. He rejected the suggestion of Martin Feldstein for the Feds to offer low-interest loans to replace 20% of mortgages for any US home-owners.

Used to be Baroque referred to music, and ironically music created during the period in which the French Revolution was in (some aspects). The music of the Baroque period was extremely complicated and the word was taken from the architecture of the period and means highly decorated. It was composed between the time of 1600 to 1750 and included greats like Frescobaldi, Corelli, Vivaldi, Bach and Handel. Nowadays, we again have entered the Baroque period (Ba-roke), cause mutha fucas is broke mane. Who would have ever thought that Chrysler and General Motors would ever link up? Or that IHOP would be selling all the pancakes you can eat for $4.99. Or that The restaurant group that Owns Bennigans and Steak and Ale would file chapter 7 and closes all of its doors; or that Ruby Tuesday would report a 97% decline in first quarter income and as a result reduces its prices for dranks and burgers by $1.00?

Folks so broke that we seeing foreigners salivating at the mouth to eat us up. Spain’s BancoSantander is bout to, if they already aint, take full control of Pennsylvania based Sovereign Bankcorp. Aint no more profit to earnings ratios anywhere, not to mention I always wondered how one could post profits without any earnings. And ii won’t even go in to all the job lay-offs. So yea jones, America is Ba-roke (broke). Welcome to the reinvented Baroque period.

Addendum: RIP Rudy Ray Moore aka Dolemite