Tuesday, December 16, 2008

Recessions Suck

The good part of being in a recession is that when everybody is having a hard time, the feeling of individual failure is diminished.

Yes, I really had to reach for that one.

Being a small business owner, I'm not too big to fail. In fact, it appears that I'm just about the perfect size. Nobody has offered me a bailout yet. But I'm keeping my cell phone in my pocket just in case.

President Bush supposedly once said that the problem with the French was that they didn't have a word for Entrepreneur. I'm not sure if that's true, but as an entrepreneur I can tell you that America's professed love for us small business types is little more than a summer fling. Where's the love now that times are hard? I'm not feeling it.

I got to lay off eight people yesterday. That was pretty miserable for all of us. Where is our bailout? How about a Small Business Administration emergency loan program? Nada, zip, zero.

What this country really needs is a consumer based bail out.

A CONSUMER BASED BAILOUT!!!

Let everybody refinance their house for what they owe on it with a new 30 year fixed at 6%. No qualifying, no appraisals, no credit scores. This will allow anyone who can beg, borrow or steal their monthly payment to keep their house. And most people will find a way.

The second piece of this ingenious plan is to let everybody consolidate all of their non-mortgage debt into a big consolidation loan for 10 years at 10%. Again, no qualifying!

The government can insure the loans and mortgages and charge a fee for the insurance that the consumer pays. This is already happening somewhat with FHA refinances, but not enough. We need to let everybody refinance. It will stabilize housing prices as well as credit card issuing banks.

And being who we are, we'll all go out and start spending like drunken sailors again, saving capitalism for another day.

Write your congressman today!!

Wednesday, November 19, 2008

Gas and Oil Go Together Like a Lance and Boil

ATL gas is at $1.75.

AND . . . Oil is less than $55.00.

It is fuel for a recovery!
My old pal Mitt wrote a great piece for the NYT saying that GM et al should go through Chapter 11 if they want a bail out. Hear hear! Read it HERE. Go ahead. It's not as boring as it sounds. Mitt can write, too!

Mitt knows Money!

Have you noticed that Mitt is way smarter than Sarah Palin? I wonder if little old John McCain has noticed? Mitt for Treasury!!!!

The poet in John's heart.

Onward to Senior Statesman status!


Regrets, I've had a few . . .

Tuesday, November 18, 2008

Is This True?

Oct 05, 2008The Norwegian newspaper VG has reported a truly amazing story about a newly-wed trying to get to Norway to be with her husband, and the stranger who helped pay an unexpected luggage surcharge. The blog "Leisha's Random Thoughts" has translated the story.It was 1988, and Mary Andersen was at the Miami airport checking in for a long flight to Norway to be with her husband when the airline representative informed her that she wouldn't be able to check her luggage without paying a 100 surcharge:When it was finally Mary’s turn, she got the message that would crush her bubbling feeling of happiness.-You’ll have to pay a 103 dollar surcharge if you want to bring both those suitcases to Norway, the man behind the counter said.Mary had no money. Her new husband had travelled ahead of her to Norway, and she had no one else to call.-I was completely desperate and tried to think which of my things I could manage without. But I had already made such a careful selection of my most prized possessions, says Mary.As tears streamed down her face, she heard a "gentle and friendly voice" behind her saying, "That's okay, I'll pay for her."Mary turned around to see a tall man whom she had never seen before.-He had a gentle and kind voice that was still firm and decisive. The first thing I thought was, Who is this man?Although this happened 20 years ago, Mary still remembers the authority that radiated from the man.-He was nicely dressed, fashionably dressed with brown leather shoes, a cotton shirt open at the throat and khaki pants, says Mary.She was thrilled to be able to bring both her suitcases to Norway and assured the stranger that he would get his money back. The man wrote his name and address on a piece of paper that he gave to Mary. She thanked him repeatedly. When she finally walked off towards the security checkpoint, he waved goodbye to her.Who was the man?Barack Obama.Twenty years later, she is thrilled that the friendly stranger at the airport may be the next President and has voted for him already and donated 100 dollars to his campaign:-He was my knight in shining armor, says Mary, smiling.She paid the 103 dollars back to Obama the day after she arrived in Norway. At that time he had just finished his job as a poorly paid community worker* in Chicago, and had started his law studies at prestigious Harvard university.Mary even convinced her parents to vote for him:In the spring of 2006 Mary’s parents had heard that Obama was considering a run for president, but that he had still not decided. They chose to write a letter in which they told him that he would receive their votes. At the same time, they thanked Obama for helping their daughter 18 years earlier.And Obama replied:In a letter to Mary’s parents dated May 4th, 2006 and stamped ‘United States Senate, Washington DC’, Barack Obama writes:‘I want to thank you for the lovely things you wrote about me and for reminding me of what happened at Miami airport. I’m happy I could help back then, and I’m delighted to hear that your daughter is happy in Norway. Please send her my best wishes. Sincerely, Barack Obama, United States Senator’.The parents sent the letter on to Mary.Mary says that when her friends and associates talk about the election, especially when race relations is the heated subject, she relates the story of the kind man who helped out a stranger-in-need over twenty years ago, years before he had even thought about running for high office.Truly a wonderful story, and something that needs to be passed along in the maelstorm of fear-and-smear politics we are being subjected to right now.UPDATE: Thanks for the recommends, folks! Also, remember this was 1988, when 100 dollars was quite a bit of money, compared to today's value.By the way, this would be the perfect antidote to the Smear E-mails going around. If anyone has a good long email chain list, shoot it out, and let it be passed along.
Posted by Miss Caldonia at 7:13 PM
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