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	<title>Becky speak! &#187; Economy</title>
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		<title>Bail out your own boat!</title>
		<link>http://beckyspeak.com/bail-out-your-own-boat/</link>
		<comments>http://beckyspeak.com/bail-out-your-own-boat/#comments</comments>
		<pubDate>Sat, 15 Nov 2008 20:51:08 +0000</pubDate>
		<dc:creator>Becky</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[US Bailout]]></category>

		<guid isPermaLink="false">http://beckyspeak.com/?p=15</guid>
		<description><![CDATA[What is going on with this bail out mess?   I don’t profess to be an economist, but I can smell stink when it’s pass around.    1)      Lehman Brothers out of business – was it due to a bad economy?  Hardly, they practiced greed which equals bad business practice.   Good riddance to the weak and [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small;"><span style="font-family: Times New Roman;">What is going on with this bail out mess? <span style="mso-spacerun: yes;">  </span>I don’t profess to be an economist, but I can smell stink when it’s pass around.<span style="mso-spacerun: yes;">  </span></span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt 0.5in; text-indent: -0.25in; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Times New Roman;"><span style="mso-fareast-font-family: 'Times New Roman';"><span style="mso-list: Ignore;"><span style="font-size: small;">1)</span><span style="font-family: &quot;Times New Roman&quot;;">      </span></span></span><span style="font-size: small;">Lehman Brothers out of business – was it due to a bad economy? <span style="mso-spacerun: yes;"> </span>Hardly, they practiced greed which equals bad business practice. <span style="mso-spacerun: yes;">  </span>Good riddance to the weak and greedy.<span style="mso-spacerun: yes;">  </span></span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt 0.5in; text-indent: -0.25in; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Times New Roman;"><span style="mso-fareast-font-family: 'Times New Roman';"><span style="mso-list: Ignore;"><span style="font-size: small;">2)</span><span style="font-family: &quot;Times New Roman&quot;;">      </span></span></span><span style="font-size: small;">AIG – Executives want an outing, how about community time for blowing more taxpayers money on an outing for rest and relaxation. <span style="mso-spacerun: yes;"> </span>This is hardly the time to go on a retreat.<span style="mso-spacerun: yes;">  </span>Maybe you should retreat back to the basics of practicing solid business principals (don’t spend what you don’t have).</span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt 0.5in; text-indent: -0.25in; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Times New Roman;"><span style="mso-fareast-font-family: 'Times New Roman';"><span style="mso-list: Ignore;"><span style="font-size: small;">3)</span><span style="font-family: &quot;Times New Roman&quot;;">      </span></span></span><span style="font-size: small;">Bad mortgages.<span style="mso-spacerun: yes;">  </span>Well, Mr. Bank you loaned the money, you need to figure out how to bail yourself and the homeowner out. <span style="mso-spacerun: yes;"> </span>Here are a few ideas:<span style="mso-spacerun: yes;">  </span>a) how about restructuring your loan terms with the homeowners….maybe extend interest only payments for another year to eighteen months; or extending the term of the loan for a more manageable payment.? Some effort of restructuring the home loans has to be better than foreclosure – because with foreclosure the homeowner loses, the bank loses, the next door neighbors lose, the City/County loses (no property tax), the tax payers lose too (more bailout money).  AND Mr. Homeowner, you&#8217;re to blame too. Why don&#8217;t you take on a part-time job to help bail yourself out too (you&#8217;re greed and stupidity helped get you in this mess too). <span style="mso-spacerun: yes;"> They&#8217;re hiring everywhere right now for Christmas help&#8230;.go get a second job. </span></span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt 0.5in; text-indent: -0.25in; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Times New Roman;"><span style="mso-fareast-font-family: 'Times New Roman';"><span style="mso-list: Ignore;"><span style="font-size: small;">4)</span><span style="font-family: &quot;Times New Roman&quot;;">      </span></span></span><span style="font-size: small;">GM and Ford – these “sacred cows” need to wake up. <span style="mso-spacerun: yes;"> </span>Why would the tax payer want to bail out businesses that have a combined loss of over $2 Million per month? <span style="mso-spacerun: yes;"> </span>We (the tax payer) loan you money, you just lose it.<span style="mso-spacerun: yes;">  </span>Here are some suggestions: Ford and GM, you do need to retool and make more economical cars and maybe think about making fewer (create a little demand). Oh yea, remember that little mechanism you make for the Brazilian market which allows them to put Natural Gas in their cars instead of gas. <span style="mso-spacerun: yes;"> </span>Hey, why don’t you partner with Exxon (with Billions in profit) to put CNG pumps at their gas stations so we can use Natural Gas; US consumers can then buy your cars that run on natural gas – and use our own Natural Gas (remember US is the “Saudi Arabia” of Natural Gas) and get away from Foreign dependency on oil. <span style="mso-spacerun: yes;">  </span>Also, the Unions need to restructure their contracts &#8212; if they don’t there won’t be a company anyway (restructure or no job – gee what do you think!?)<span style="mso-spacerun: yes;">  </span><span style="mso-spacerun: yes;">P.S.  I don&#8217;t want anyone to lose their jobs, but greed won&#8217;t keep your company afloat.</span></span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt 0.5in; text-indent: -0.25in; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Times New Roman;"><span style="mso-fareast-font-family: 'Times New Roman';"><span style="mso-list: Ignore;"><span style="font-size: small;">5)</span><span style="font-family: &quot;Times New Roman&quot;;">      </span></span></span><span style="font-size: small;">Hillary for Secretary of State.<span style="mso-spacerun: yes;">  </span>Now I’m on the fence about this one. <span style="mso-spacerun: yes;"> </span>I’m not an Obama supporter, but he’s the President Elect, so that’s that. <span style="mso-spacerun: yes;"> </span>She’s got Joe Bidden (Mr. Foreign Policy) to contend with – and you know he’ll be poking his nose into foreign affairs. <span style="mso-spacerun: yes;">  </span>She’s really got a tough decision &#8212; I do think she would be a great Secretary of State – and maybe that would be the best place to be.<span style="mso-spacerun: yes;">  </span>Maybe she’s thinking, hey I won’t be stuck in the Senate trying to bail out the Banks, Ford and GMs….I’d rather deal with Putin.</span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt 0.5in; text-indent: -0.25in; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-family: Times New Roman;"><span style="mso-fareast-font-family: 'Times New Roman';"><span style="mso-list: Ignore;"><span style="font-size: small;">6)</span><span style="font-family: &quot;Times New Roman&quot;;">      </span></span></span><span style="font-size: small;">G-20 – Hey wake up world!!! <span style="mso-spacerun: yes;">  </span>Reducing taxes around the Global – oh please, oh please, oh please consider this (US – Obama are you listening!!). <span style="mso-spacerun: yes;"> </span>Gee, you can just look at Ireland’s Economy and see what happened when they lowered their business tax (a win-win). <span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>I heard on Fox news today by several guests – you can’t throw money at a problem and expect it to be fixed or go away. <span style="mso-spacerun: yes;">  Lower taxes, t</span>ry it we’ll all like it!!<span style="mso-spacerun: yes;">  </span></span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Since I’m not an economist, maybe some of my hair-brained suggestions might work?   HA HA – my own little joke, but we do need to practice COMMON SENSE, not greed and stupidity.</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"> </p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"> </p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small;"><span style="font-family: Times New Roman;">Another rant, another day.<span style="mso-spacerun: yes;">  </span></span></span></p>
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