Bailout:

Do we let the Big Three fail?

Schadenfreude and faith in the market makes me want to see them fail- any company that is so incredibly ignorant of future market developments deserves to fail. That’s how the market works- if you suck, you don’t get to exist anymore. They sucked. They fought tooth and nail against fuel efficiency standards- investing millions of dollars in lobbying and litigation. Now their lineup of cars simply can’t compete with the foreign imports that have this uncanny ability to get 30mpg. The alternative is giving them another loan- but is there anything to suggest that this $30 billion (or whatever number) will somehow allow them to change their whole company’s focus from behemoths to fuel-sippers? I don’t think so- so let them file under Chapter 11.

Sorry. Was watching the NewsHour during dinner and got worked up. Any other opinions?

Letterman’s Top 10 11/17/08

Last night’s Top Ten list was “Top Ten Good Things About Being Named James Bond.” The list was read by a New York City substitute teacher named James Bond (“Late Show,” CBS, 11/17).

10) “I’ve made a fortune selling autographed crap on eBay.”

9) “I have amazing gadgets like a clock that’s also a radio.”

8 ) “Lots of admiring looks when they call my table at TGI Friday’s.”

7) “At the movie theater I get a free squirt of chemical butter.”

6) “Once I received a $5,000 residual check that should have gone to Pierce Brosnan.”

5) “Calling my boss ‘M’ instead of Mr. Glickstein.”

4) “When my brother says, ‘Bond, Fred Bond,’ he just sounds like a jerk.”

3) “Always gets a laugh when I order my Jamba Juice shaken, not stirred.”

2) “Halle Barry once accidentally slept with me.”

1) “President Bush keeps calling me about capturing Bin Laden.”

Just a Personal Note

A little off topic, but today I filled out my application for a position with the Obama-Biden administration via change.gov.

 

While I probably won’t be getting a call back, I do feel a little empowered.