http://kmedge.org/...
C. Jackson Grayson
June 5, 2009
Toyota, Nissan, and Honda are likely to be smiling today. Not because of the GM bankruptcy. It would definitely be un-Japanese to gloat.
They're smiling because the U.S. government thinks all it has to do is follow the management guidance of the White House auto team, give GM lots of money, fire the CEO, get labor concessions, set fuel efficiency standards, urge the company to create hybrids, and competitiveness will be magically restored.
According to The New York Times, this miracle will be wrought by a 31-year-old; a very bright young man who has never set foot in an auto plant, has never run a manufacturing business, and is advising the already laughable "auto rescue team" about running a competitive auto company in a market where Toyota is already whipping their body parts!!!
I started to laugh because I thought this was part of the Jay Leno farewell skit. No one could make this up!
More on the flip
What if Obama gave Y-Combinator 40 Billion Dollars
http://zaid.posterous.com/...
Now for some numbers...all hypothetical.
* 600,000 new startups
the number of startups that can be funded.
(total money - admin cost) / cost per startup = ($40B - $10B) / $50,000
* 1,020,000 people
employed by the startups.
avg. # of employees x total startups = 1.7 x 600,000
* 125,000 people
# of people employed by GM.artups = 1.7 x 600,000
* 125,000 people
# of people employed by GM.
There we have it folks.....Obama is mostly 'shuck and jive' when it comes to REAL hope and change !
Finally I agree with David Sirota
Obama's trail of broken promises
The prophet of hope now doesn't even bother with explanations when he reneges on his campaign pledges.
http://www.salon.com/...
The worst part of this devolution is the centrality of Obama, the prophet of "hope" and "change" who once said that "cynicism is a sorry kind of wisdom." If that's true, then he has become America's wisest man -- the guy who seems to know my kids will laugh when I tell them politicians and voters once believed in democracy and took campaign promises seriously