Tags
AIG, Alec Baldwin, Allstate, Ameriprise, Amreican Express, Chrysler, GM, Hartford Insurance, Kim Bassinger, Lincoln Financial, Miami, Prudential, TARP, USA Today
Well..it is Monday and I have not done this for a few weeks so I figure now is as good a time as any…
Here are my random (sarcastic) thoughts for this week.
According to the AP over 10,000 Stimulus checks in the United States went out to dead people. 10,000! (Now that is what I call economic hope and the way to recovery…right along with the multi million dollar sculpture in Miami that was funded through the same stimulus…next time I am in Miami I am certain I will look at it, walk immediately to the nearest store, open my wallet and spend! )
Chrysler and GM began closing dealerships across the United States in an effort to cut back a money losing business model. Some estimates state that over 700 dealerships will be closed by each. Chrysler is currently in bankruptcy and GM is considered to soon follow. (OK, did I miss something? I thought we were giving the companies bailout money to avoid this?….oh yeah…now I remember. 76% of Americans told the government they did not think it would work and guess what…WE were right. Once again the reason why the US Government is qualified to handle anything in business…this includes health care…they will screw it up too! Hey at least they got AIG right…didn’t they?)
According to USA Today several Property and Casualty Insurance Companies including Allstate, Ameriprise (hidden in parent American Express), Hartford, Principal Financial, Prudential and Lincoln Financial are set to now receive TARP funds to stay afloat. (Our treasury is once again proving how stupid they are…what in the crap are they thinking? Here is the problem in a nutshell…the reason these companies are struggling is because these companies are not operating properly. If I do not run my business properly I lose money..simple. I don’t get a bail out. What I fail to understand is why we continue to support companies who do not understand the most basic principal of running a business, a Capital Account. This is a magical little thing you keep extra cash in just in case times get a little tough…and yet you idiots who run these companies and get millions of dollars to do so do not know something that is oh so simple. Here is what I am going to do….I WILL NOT TO BUSINESS GOING FORWARD WITH ANY COMPANY ACCEPTING BAILOUT MONEY…Joining me?)
OK, enough about government and economy. Alec Baldwin made a comment on the Late Show regarding the need for mail order bride from the Philippines or maybe Russia. A Phillipinian Senator (it is Phillipinian right…not Phillapinoian or Phillapinacolada) outranged by the joke said that if Baldwin ever traveled to the country he would experience outrage and a beating. (Wow…big threats…I think his ex-wife Bassinger is probably administering more of a beating than he would ever face in the Philippines…then again there is probably no worry…who visits the Philippines? )
Enough said….you got any random thoughts to add for the day?

