Tuesday, December 2, 2008

General Motors is Generally Screwed

Happy December! I have been out of it recovering from too much turkey and a little beer. Some of you may know the symptoms I exhibited as the "itis". I had the ill itis.


No one's dinner actually looks like that!

Moving along, there has been much to speak on in the last week or so.


For starters, President Elect Obama (who I am now gonna refer to as PEObama for the next month and 18 days) officially named some key people to his cabinet. Here's the list:

Senator Hillary Clinton, Secretary of State
Secretary Robert Gates, Secretary of Defense
Eric Holder, Attorney General
Governor Janet Napolitano, Secretary of the Department of Homeland Security
Susan Rice, Ambassador to the United Nations
General Jim Jones, USMC (Ret), National Security Advisor

And no, the last dude isn't the Dipset's and Harlem's own, Your Obama's favorite Obama (see this article for reference), Jim Jones. Even though they're both Capo Status...


---------------General Jim Jones ------------ Dipset Capo Status Jim Jones---------------
The resemblances are astounding!!!

Also in the past week, I had been talking to friends about small banks making a comeback because of an article I read in Crain's New York Business. Basically it said small banks would be willing to give loans unlike big banks who can't monitor them as well and are scared. Also since the big banks always end up selling some loans elsewhere, it may be hard for them to find buyers and they would panic whilst said loan is being lent.

My girl Jen sent me an article from a blog at the New York Times that goes further into this. Joe Nocera, a columnist, has been receiving many e-mails from a high level employee at a Big Bank on how things should change. It breaks everything down pretty simply. It can be especially insightful if you're looking for information on the credit crunch that's happening. Because it is real. Check out the 3 posts here.

Also, upon further searching Joe Nocera's articles, I found this one about the Auto Crisis that is happening right now. With the reduction in car commercials, and General Motors supposedly running through $2 billion a week, y'all need to educate yourselves and figure out how this affects you. Here ya go: Should General Motors go Bankrupt?


two times.

2 comments:

Kitty Bergen said...

Coming to a Screeching Halt

The most robust gesture of humility the heads of the auto industry could muster, was to be chauffeured into Washington instead of flying in on private jets in their $4000. Armani suits and comfortable Zegnas. This shows they have no concept of middle, working and lower class financial plights. To arrive in hybrid cars they could have introduced to the public decades ago only adds skid marks to the pristine victimized image of themselves they wish to portray.
I want to live in their phantasmagorical world where I can spend more than a century committing crimes against the public sector; throttle the life out of my competition; choke my employees out of medical benefits; guzzle away pensions, then shift into reverse claiming there was a problem with the transmission of what the law is and to whom it pertains.
Is it time for the monopolizing autocrats to be dismantled like a Lexus in a chop shop? This commuter says, "Bring on the wrenches!"
Kitty Bergen
Yorktown Heights, NY
December 6, 2008

Kitty Bergen said...

Where would the City of New York be if it were not in the habit of eating its young? In true bureaucratic style bespeaking the most cowardly of actions, on Friday afternoon, July 17th, Dr. Barbara Barlow was fired as Director of Harlem Hospital’s Surgical Department. This honorific was bestowed upon the long standing, world renowned chief for declining to trim the hospital's budget by firing two of the department's senior neurosurgeons. Fearing the continued employment of these two physicians would plunge the entire Health and Hospital Corporation into bankruptcy, HHC was unable to find or execute any other plausible alternative. Dr. Barlow, a behind-the-scenes troubleshooter extraordinaire, previously created the child safety program which requires window guards on all windows above the second floor if the residence is occupied by children. As one of the world's leading experts in penetrating trauma, she also created and developed the child-friendly playground project which revolutionized the building of safe play areas from the 1980s to the present. This stemmed from what Dr. Barlow called, "repeaters." She noticed that after surgically treating children with gunshot wounds in January, the same children would appear back in her operating room in July, with injuries sustained from riding on top of elevators and other high risk behaviors. Deciding to address this social dilemma personally, she identified the three main areas where children spend their time and the situations in these environments which jeopardized their well-being. Much like Oprah Winfrey she decided to sacrifice her personal maternal drives for the sake of all children. For her devotion to the children and the community of Harlem this doyenne of doctors has been sliced and discarded by the bureaucRATS like a healthy appendix after a misdiagnosis. So the ‘cRATS are sitting pretty this weekend. They’ve saved the City a few bucks. Too bad that in doing so they have cost it more than a few of its youngest lives. This presents yet another justification for the nationalization of health care and places a black eye squarely on the face of corporate America.
KB