<?xml version="1.0" encoding="utf-8"?>
<feed xmlns="http://www.w3.org/2005/Atom" xmlns:thr="http://purl.org/syndication/thread/1.0">
  <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html" />
  <link rel="self" type="application/atom+xml" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o_atom.xml" />
  <id>tag:www.thedonovan.com,2010://1/tag:www.thedonovan.com,2008://1.10035-</id>
  <updated>2010-02-07T17:12:39Z</updated>
  <title>Comments for Some thoughts on the Auto Industry Bailout</title>
  <subtitle>We&apos;re the Military and Airpower Guys of Jonah Goldberg of National Review Online + a stray we found wandering around looking lost.  All original material JHD, BHD, JR, WT,  and KA 2003-2010</subtitle>
  <generator uri="http://www.sixapart.com/movabletype/">Movable Type 4.12</generator>

  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035</id>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.thedonovan.com/cgi-bin/mt41/mt-atom.cgi/weblog/blog_id=1/entry_id=10035" title="Some thoughts on the Auto Industry Bailout" />
    <published>2008-11-23T09:17:54Z</published>
    <updated>2008-11-23T10:47:54Z</updated>
    <title>Some thoughts on the Auto Industry Bailout</title>
    <summary><![CDATA[Well, a parable, actually. I got this a few years back and dusted it off, cuz it still works.Times haven't changed a-tall.A Japanese auto manufacturer and an American one decided to have a canoe race on the Missouri River. Both teams practiced long and hard to reach their peaks of&nbsp; performance before the race.On the big day, the Japanese won by a mile. The Americans, very discouraged and depressed, decided to investigate the reason for the crushing defeat. A senior management team was formed to investigate and recommend appropriate action. The senior management team reviewed the video of the race...]]></summary>
    <author>
      <name>Bill</name>
      <uri>http://www.thedonovan.com</uri>
    </author>
    
    <category term="Politics" />
    
    <content type="html" xml:lang="en" xml:base="http://www.thedonovan.com/">
      <![CDATA[Well, a parable, actually. I got this a few years back and dusted it off, cuz it still works.<br /><br />Times haven't changed a-tall.<br /><br /><blockquote><div>A Japanese auto manufacturer and an American one decided to have a canoe race on the Missouri River. Both teams practiced long and hard to reach their peaks of&nbsp; performance before the race.<br /><br />On the big day, the Japanese won by a mile. <br /><br />The Americans, very discouraged and depressed, decided to investigate the reason for the crushing defeat. A senior management team was formed to investigate and recommend appropriate action. <br /><br />The senior management team reviewed the video of the race and discovered that the Japanese had 8 people paddling and 1 person steering, while the American team had 8 people steering and 1 person paddling, but the management team could draw no obvious conclusion. <br /><br />Feeling a deeper study was in order, the American company's management hired a consulting company and paid them a six-figure sum for a second opinion. <br /><br />The consulting firm concluded that the Americans had too many people steering the boat and not enough people were paddling. <br /><br />Unsure of how to utilize that information, but wanting to prevent another loss to the Japanese, the canoe team's management structure was totally reorganized to 4 steering supervisors, 3 area steering superintendents, and 1 assistant superintendent steering manager. <br /><br />They also implemented a new performance system that would give the 1 person paddling the canoe greater incentive to work harder. It was called the &ldquo;Paddling Team Quality First Program,&rdquo; with meetings, dinners, and free pens for the paddler. There was discussion of getting new paddles, some state-of-the-art canoes, a hydraulically-actuated paddler's seat, extra vacation days for practices and a monthly monetary bonus. <br /><br />The next year the Japanese won by two miles. <br /><br />Humiliated, the American management laid off the paddler for poor performance, halted development of a new canoe, sold the paddles, and canceled all capital investments for new equipment. The money saved was distributed to the Senior Executives as bonuses and the next year's racing team was outsourced to India. <br /><br />The End. <br /><br />Here's something else to think about: <br /><br />US auto manufacturers have spent the last thirty years moving factories out of the US, claiming they can't make money paying American wages, while Japanese auto manufacturers spent the last thirty years building more than a dozen plants inside the US. <br /><br />US manufacturers rack up billions in losses every year, and every year the Japanese rack up billions in profits.</div></blockquote>&nbsp;<br />As a personal aside, GM used to manufacture auto parts in the town in which I reside.<br /><br />Fifteen years ago, they moved the manufacturing equipment south of the border, laid off 80% of the workforce and put the remainder to work assembling the parts shipped up from the new facility.<br /><br />Assembly production plummeted because 97% of the parts were either defective, broken, or didn't fit properly. Assembly costs skyrocketed because, on average, it took a roomful of parts to get enough good ones to assemble fifteen door handles. After five years, GM closed the assembly line, laid off the remaining workers and tore down the building because it wasn't cost-effective to keep the plant open -- they were ordering too many parts and turning out too few assemblies -- not to mention the weekly cartage fees for a forty-cubic-yard dumpster...]]>
      
    </content>
  </entry>

  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80743</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80743" />
    <title>Comment from ry on 2008-11-24</title>
    <author>
        <name>ry</name>
        
    </author>
    <content type="html" xml:lang="en" xml:base="">
        <![CDATA[Ah, Kev, the High Priest of Pure Libertarianism, has spoken. ;)&nbsp; <br />
<br />
I do so love the reworked Anarchists 'Broken Window' argument.&nbsp; You liquidate their assets.&nbsp; Okay, what makes the money circulate to actually propel the economy and create wealth for Joe Schmoe?&nbsp; Madison was wrong.&nbsp; 'To provide for the Commonweal' is the cause and it's bloody apparent and explicit in the Constitution.&nbsp; If I remember right that's part of the Preamble(ah, and here's where the calls of 'It doens't count!' will come in.&nbsp; So, like the Bible, parts that are inconvenient don't count.).<br />
<br />
Again, this is exactly what I'm talking about with the use of micro econ thought with a macro econ problem.&nbsp; Can't afford?&nbsp; A gov't can run a debt indefinitely.&nbsp; Who or what is going to repossess and what'll they take?&nbsp; Montana?&nbsp; National debt really only means you cannot get more and better loans.&nbsp;&nbsp;We've seen, repeatedly,&nbsp;where gov'ts have paid off loans with&nbsp;mass printings of&nbsp;money.&nbsp; Is it dangerous?&nbsp;&nbsp;Sometimes.&nbsp; England has&nbsp;done it at least three times successfully, but the Reich of Kaiser Wilhelm tried it and it sucked.&nbsp; YOur kids can't afford it?&nbsp;&nbsp;Bollucks.&nbsp; The debt our parents and gparents left&nbsp;us from WW2 was far greater than what this will be,&nbsp;and&nbsp;THAT&nbsp;is something we're still paying off.&nbsp; Cannot afford it?&nbsp; <em>Brotha please.</em>&nbsp;&nbsp;&nbsp; We were paying that off and undergoing one of the largest rearmaments in US history during Reagan(while Tip O'Neil scuttled any chances of truly getting domestic welfare spending in hand).&nbsp; We can afford $10B a month for Iraq and Afghanistan but not $20B for the big three?&nbsp;<em> Brotha please.</em><br />
<br />
Never mind the wealth that was created by such unsecured spending paid for Reagan's build up(going with a UCLA&nbsp;prof who posits that it was the unrestrained domestic spending that is the real source of that debt).&nbsp; Never mind that booms tend to cover the busts, if people are smart(like Dusty was) and actually SAVE&nbsp;during the good times against the bad.&nbsp; Naw.&nbsp; We'll just toss a few classic shiboleths and that'll kill the opposition.&nbsp; Yup-yup.&nbsp; SOrry, Kev.&nbsp; This is wrong.<br />
<br />
We are thru the looking glass. Extreme measures are necessary.&nbsp; 5 years from now let Ford die an ugly, drawn out death.&nbsp; I'll make the popcorn and build the grandstand.&nbsp; but right now capital must flow to get the economy moving and you gd don't get that by letting a major pillar of the economy fail.&nbsp; That is lunacy of the first order and holding to principle as if it were a suicide pact.<br />
<br />
<em>How would you feel if you were a line worker in a Toyota factory in Tenn. paying taxes to bail out your competitor?<br />
</em>No worse than as a tax payer seeing a Seriveman live better than me, or as a chem student who brought in a $10M grant seeing 1/3 of that money go to the English dept.&nbsp; Again, when did micro econ thought become the governing principle in a macro econ problem?&nbsp; When did personal annecdote and 'feelings' become the deciding factors here?&nbsp; I thought the Left were the ones who did that.&nbsp; You already see that kind of crap.&nbsp; Some farms pay taxes that wind up being subsidies for competitor farms.&nbsp; Already happens.&nbsp; Every day.&nbsp; It is how a large economic system works---some parasite off a good sector until they themselves are a good sector which feeds a lagging sector.&nbsp; The movie industry is an excellent example of how this works----the stuff that Joe Schmoe loves pays for all the arty movies that don't make money(until you get something like Good Will Hunting which goes gangbusters and pays for 17 other films to be made).&nbsp; It is counter-intuitive.&nbsp; It feels wrong.&nbsp; BUt, hey, it was a bunch of capitalists reading <em>Wealth of Nations</em> who figured out that it works and works well(most of the time).&nbsp; But, hey, it doesn't come down to everyone having to balance their checkbook like I do so it MUST be wrong, right?]]>
    </content>
    <published>2008-11-25T00:47:09Z</published>
    <updated>2008-11-25T00:47:09Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80736</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80736" />
    <title>Comment from Kevin on 2008-11-24</title>
    <author>
        <name>Kevin</name>
        
    </author>
    <content type="html" xml:lang="en" xml:base="">
        <![CDATA[&quot;We must remember that governments do not produce anything.  Their only resources come from producers in the economy through such means as inflation and taxation.   The government has an obligation to be good stewards of these resources.  In bailing out failing companies, <strong>they are confiscating money from productive members of the economy and giving it to failing ones.</strong><br />
<br />
By sustaining companies with obsolete or unsustainable business models, the government prevents their resources from being liquidated and made available to other companies that can put them to better, more productive use.  An essential element of a healthy free market, is that both success and failure must be permitted to happen when they are earned.  But instead with a bailout, the rewards are reversed &ndash; <strong>the proceeds from successful entities are given to failing ones.</strong>  How this is supposed to be good for our economy is beyond me.&quot;<br />
<br />
Much more on the link below.<br />
<br />
<a href="http://www.house.gov/htbin/blog_inc?BLOG,tx14_paul,blog,999,All,Item%20not%20found,ID=081124_2545,TEMPLATE=postingdetail.shtml" rel="nofollow">http://www.house.gov/htbin/blog_inc?BLOG,tx14_paul,blog,999,All,Item%20not%20found,ID=081124_2545,TEMPLATE=postingdetail.shtml</a><br />
<br />
And, in keeping in that same tone...<br />
<br />
&quot;I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.&quot;- James Madison<br />
<br />
Like Mr. Madison quoted above.&nbsp; Can any denizen of Babylon on the Potomac cite where, just exactly where, the authorization for these actions are authorized among the specifically enumerated powers delegated to to the Federal Government?<br />
<br />
Can a single representative of our 4th Estate muster up the cajones to ask that simple question of any Congresscritter or the Executive Branch?<br />
<br />
The Constitution really is just a ragged sheet of outdated parchment isn't it?<br />
<br />
Bottom line.&nbsp; Our nation (the producers anyway) can't afford this.&nbsp; Our kids and generations to come sure as heck won't thank us for the debt and dare I&nbsp;call it... 'socialism' that we will saddle them with.<br />]]>
    </content>
    <published>2008-11-24T21:37:46Z</published>
    <updated>2008-11-24T21:37:46Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80735</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80735" />
    <title>Comment from bman on 2008-11-24</title>
    <author>
        <name>bman</name>
        
    </author>
    <content type="html" xml:lang="en" xml:base="">
        <![CDATA[How would you feel if you were a line worker in a Toyota factory in Tenn. paying taxes to bail out your competitor?&nbsp; I love my Ford product and don't think for a minute that if they went into chapter 11 I couldn't get it serviced or that I couldn't buy another one next year.&nbsp; I flew on Delta last weekend and how many times have they been reorganized under #11?&nbsp; Let them fail and reorganize their labor costs, get rid of the deadwood and produce the products on line.]]>
    </content>
    <published>2008-11-24T21:21:49Z</published>
    <updated>2008-11-24T21:21:49Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80711</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80711" />
    <title>Comment from R Jewell on 2008-11-24</title>
    <author>
        <name>R Jewell</name>
        
    </author>
    <content type="html" xml:lang="en" xml:base="">
        <![CDATA[I'm surprised no one has come up with the one major reason that we *must* bail out the big three for this country to survive..........<br />
<br />
There aren't enough Toyotas available to fill out the starting grid for the Daytona 500 next spring.]]>
    </content>
    <published>2008-11-24T14:32:59Z</published>
    <updated>2008-11-24T14:32:59Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80700</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80700" />
    <title>Comment from Argent on 2008-11-23</title>
    <author>
        <name>Argent</name>
        <uri>http://insanityblog.com/</uri>
    </author>
    <content type="html" xml:lang="en" xml:base="http://insanityblog.com/">
        <![CDATA[Yes it's true as Ry says, in the unusal circumstances of a collapse the socialist idea of government spending lots is actually a good one.&nbsp; Assuming of course they don't bring the interest too high and damn well stop it when things improve.&nbsp; Now is indeed the time for good infrastructure projects of a temporary nature.&nbsp; Pity US debt is so high.<br />
<br />
But economic collapses are a way for the badly run companies to be purged it's a necessary and horrible part of capitalism.&nbsp; Some of them really do have to fail.<br />
<br />
And here we see the consequences of stupidity and semi blackmail in the US car makers.&nbsp; Now government chooses between one evil or the other.&nbsp; Ry makes a powerful argument I'm not really on his page fully.&nbsp; Simply speaking government would have to do some unpopular things to these companies to shake it up.&nbsp; Otherwise when the economy improves you'll still have the same idiots running the show badly and then again a bailout will happen and before you know it the employees of GM etc will be on a defacto unemployment benefit except they'll be working, like the Soviet system.&nbsp; <br />
<br />
Perhaps in practice let the worst one die (still an ugly 1/3 of 1/5 if Ry is correct) and prop up the other two kicking out bad mangement and having the rest serve at Her Majesties Pleasure so to speak.&nbsp; Probably hard work retooling and redesigning and remarketing (Ry is right it can be faster it *has* to be faster) and possibly a viscious fight with the unions too if wages are an issue (no idea if that's the case).<br />
<br />
Protectionism and Pullback is always bad for business but it's a killer right now and unfortunately it's the normal reaction.&nbsp; Even at home, people are expecting the worst or experiencing it and so cuttting back.&nbsp; It's a process that fires someone else.&nbsp; But what to do?&nbsp; Only the very rich or government can really go against this grain.<br />
<br />
<br />]]>
    </content>
    <published>2008-11-24T03:55:45Z</published>
    <updated>2008-11-24T03:55:45Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80697</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80697" />
    <title>Comment from ry on 2008-11-23</title>
    <author>
        <name>ry</name>
        
    </author>
    <content type="html" xml:lang="en" xml:base="">
        <![CDATA[<p>HF6, I don't claim that it is certainty that GM, Ford, or Chrysler will go out of business or fail.&nbsp; They don't have to for the negative effects to be felt nation wide(1/5 workers directly connected, including people who do payroll...).&nbsp; But, that possibility is a high enough likelihood that one should be a bit nervous about it to begin with.&nbsp; <br />
<br />
PEople are taking the wrong view. that of 'parasites' instead of 'symbiotic creatures'.&nbsp; Symbiotes is more apt.&nbsp;&nbsp;Some can beat their chest about how smart they were with money, but that analysis or picture they present is shallow---where'd that money come from?&nbsp; Wasn't that money being available a result of someone else's economic activity, and if so aren't you a parasite too?&nbsp;&nbsp;That's the reality, folks.&nbsp; It isn't the nice dream&nbsp;that we're all self&nbsp;made individuals.&nbsp; The reality is that we&nbsp;all&nbsp;exist, economically speaking, at nodes of economic activity like lines of thread and not cut off and seperate.&nbsp; If one sector struggles we all feel it.&nbsp;&nbsp;&nbsp; One sector goes gangbusters we all share in it to some degree as well.&nbsp; Hence, it's just the natural order of things that now it is&nbsp;time for some of us to bail out others since they carried us(or their taxes even made&nbsp;our career possible).&nbsp; Lament it, but accept the reality.&nbsp; <br />
<br />
SOmepeople made money hand over fist but trickle down did occur during the dot com craze, and we all took hits when the bubble popped.&nbsp; Essentially, we're all parasites in some way that mooches off the successes of another sector of the economy.&nbsp; Ergo, we can't allow a major pillar to fail in a time of crisis as it will come back to us(don't chit where you eat).&nbsp; The failure of Ford in and of itself would cause a financial crisis---as does every time it does a layoff.&nbsp; BUt we're in the 'perfect storm' and one more storm in the mix leaves us all Mark Wahlberg on the Doria Gale.&nbsp; We, as a nation, can not afford to allow them to fail as it would plunge the larger economy deeper into a chithouse, and things are bad enough.&nbsp;It isn't great depression bad, or even&nbsp;Maliase of Carter bad, but do we really want to get&nbsp;there before acting?&nbsp; Isn't preventitive action/maintenance a&nbsp;whole lot&nbsp;&nbsp;easier and cheaper than major overhaul?<br />
<br />
18 months ago I'd have said, 'Let 'em fail.'&nbsp; Not today.&nbsp; We're already in a crisis and don't need it largened.&nbsp; Argent is correct, buy-outs tend to breed bad behavio(u)r.&nbsp; But, given the interdependent nature of the economy we cannot afford a major hit at this time since the ripple effects will be trebbled and we're all already in a bad way.&nbsp; Keep 'em running for 6 months is simply a necessity for the larger economy(meaning so it doesn't come home to bite all of the rest of us in the heiny).&nbsp; <br />
<br />
Restructuring GM/Ford/Chrysler isn't going to solve the problem.&nbsp; The decisions they made 7 years ago put them here, and it'll take a year or so for them to undo those decisions(what to make, they over focused on large vehicles, and it'll take a crash program about a year to retool lines to produce other vehicles.&nbsp; Most reports I've seen say 7 years to retool, but I believe it could be done faster)..&nbsp; We need people to spend to get the economy moving again.&nbsp; Keeping people employed at Ford allows them to spend.&nbsp; It's more likely to create a sustainable reaction, if you will, than the Obama work corps idea since keeping Ford/Etc running also leads to peripheral work while the works project is funny once(look at the price of concrete now that China is mostly done with its big building projects).&nbsp; <br />
<br />
We're in the 0.1% conditions, and therefor the normal rules don't apply.&nbsp; It's a Keynsian argument.&nbsp; But, using the micro economic rules, as most people have, has only made thigns worse.&nbsp; On the macro scale the way out of a recession is not to tighten the belt.&nbsp; Most have done that right now and that only worsens the problem.&nbsp; It's counter intuitive.&nbsp; The way out is to spend, and only gov't can spend in the necessary amounts.&nbsp; Hence, we all take the tax hit(which is a lot smaller than if we all had to do the requisite spending on our own, size has a quality all its own after all), the gov't does the spending to prime the economic pump, and the economy eventually gets going.&nbsp; This is the Gospel According to Keynes, and even Nixon and Reagan knew the man was right(Reagan with the S&amp;L bailouts of the 80s).&nbsp; <br />
<br />
Grumble because you're annoyed you'll pay some taxes, we all should be able to do that, but don't get on this 'parasite' thing.&nbsp; It isn't correct, doesn't actually solve the damn problem, and is actually an apples to oranges comparison sicne such a view stems from using micro econ rules to a macro econ problem.&nbsp; Throw darts at the Obama picture onthe board if you must, but accept the necessity.&nbsp; It's your job that depends on the economy moving as well, not just the CEOs of Ford/Etc.<br />
<br />
(heh, who ate all the cheetos(throws&nbsp; glance at HF6 and BCR), and ain't free hotel internet grand?)</p>]]>
    </content>
    <published>2008-11-24T00:41:56Z</published>
    <updated>2008-11-24T00:41:56Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80694</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80694" />
    <title>Comment from HomefrontSix on 2008-11-23</title>
    <author>
        <name>HomefrontSix</name>
        <uri>http://homefrontsix.blogspot.com</uri>
    </author>
    <content type="html" xml:lang="en" xml:base="http://homefrontsix.blogspot.com">
        <![CDATA[But Ry (and it's good to see you back!&nbsp;Missed ya!)...not bailing out GM doesn't mean that GM will cease to exist or that all of those jobs will cease to exist. Chapter 11 (or 13...not sure which applies to GM) will force reorganization and the hope is that they will make some of those people steering either become paddlers. <br />
<br />
At the same time, I&nbsp;do so wish we could revoke the bailout from entities like AIG and, instead, put it toward restructuring GM and the like. <br />]]>
    </content>
    <published>2008-11-23T23:23:15Z</published>
    <updated>2008-11-23T23:23:15Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80693</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80693" />
    <title>Comment from John of Argghhh! on 2008-11-23</title>
    <author>
        <name>John of Argghhh!</name>
        <uri>http://www.thedonovan.com</uri>
    </author>
    <content type="html" xml:lang="en" xml:base="http://www.thedonovan.com">
        <![CDATA[Whee!&nbsp; Ry found some pennies for Innernuts access!]]>
    </content>
    <published>2008-11-23T22:48:57Z</published>
    <updated>2008-11-23T22:48:57Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80691</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80691" />
    <title>Comment from ry on 2008-11-23</title>
    <author>
        <name>ry</name>
        
    </author>
    <content type="html" xml:lang="en" xml:base="">
        <![CDATA[I always loved the final line of any good battle plan, 'When all else fails improvise.'&nbsp; In general, reliance on market corrections is a GREAT idea.&nbsp; But this is a time that the GOP&nbsp;and Conservatives EARN&nbsp;the 'Stupid Party' title, in spades.&nbsp; Letting the big three die slowly as they focused on SUV and 2000#+ vehicle lines wouldn't be so bad.&nbsp; BUt, much to the chagrin of the Purists, the economy is a symbiotic thing.&nbsp; Certain times that symbiotic system can handle something going really bad, and other times it cannot.&nbsp; We're in one of those cannot times.&nbsp; 1/5 of all jobs in the US are tied directly to the Big Three.&nbsp; If one of them goes down we lose 2 million plus jobs.&nbsp; That's going to hit all of us hard.&nbsp; Really damn hard.&nbsp; Sure it sucks, and there's much to not like about it, but the other most likely option(letting them fail) sucks since it'll leave all of us broke(anyone see how Hoover handled it?).&nbsp; <br />
<br />
Since when were conservative principles and individualism a suicide pact, eh?]]>
    </content>
    <published>2008-11-23T22:31:53Z</published>
    <updated>2008-11-23T22:31:53Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80687</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80687" />
    <title>Comment from BillT on 2008-11-23</title>
    <author>
        <name>BillT</name>
        <uri>http://www.thedonovan.com</uri>
    </author>
    <content type="html" xml:lang="en" xml:base="http://www.thedonovan.com">
        <![CDATA[Heh. <br />
<br />
Art imitating Life imitating Art...<br />]]>
    </content>
    <published>2008-11-23T21:07:37Z</published>
    <updated>2008-11-23T21:07:37Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80686</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80686" />
    <title>Comment from Katherine Optima Maximae on 2008-11-23</title>
    <author>
        <name>Katherine Optima Maximae</name>
        <uri>http://www.thedonovan.com</uri>
    </author>
    <content type="html" xml:lang="en" xml:base="http://www.thedonovan.com">
        <![CDATA[<br />
&quot;That's not the corporate font. Re-do it.&quot; <br />
<br />
OMG!&nbsp; I just had a flash back!<br />
<br />]]>
    </content>
    <published>2008-11-23T20:58:13Z</published>
    <updated>2008-11-23T20:58:13Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80679</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80679" />
    <title>Comment from BillT on 2008-11-23</title>
    <author>
        <name>BillT</name>
        <uri>http://www.thedonovan.com</uri>
    </author>
    <content type="html" xml:lang="en" xml:base="http://www.thedonovan.com">
        <![CDATA[It happened fifteen years ago. Figger inflation and the cost of redoing the slide presentation about thirty times --<br />
<br />
&quot;That's not the corporate font. Re-do it.&quot; <br />
<br />
&quot;That *first* presentation you did had a blue background. I think grey looks more professional.&quot; <br />
<br />
&quot;New policy from up top -- all media must have the corporate logo in the lower left corner.&quot; <br />
<br />
&quot;The grey in the corporate logo disappears on that grey background. Make it stand out more, but don't mess with the logo's color and keep the grey background.&quot;<br />
<br />
-- will bump it up to seven figures today, easy.<br />]]>
    </content>
    <published>2008-11-23T19:47:50Z</published>
    <updated>2008-11-23T19:47:50Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80675</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80675" />
    <title>Comment from John of Argghhh! on 2008-11-23</title>
    <author>
        <name>John of Argghhh!</name>
        <uri>http://www.thedonovan.com</uri>
    </author>
    <content type="html" xml:lang="en" xml:base="http://www.thedonovan.com">
        <![CDATA[The story is completely bogus. I&nbsp;work for a management consulting firm, and there's no way we wouldn't have found a way to make that a 7-figure sale...]]>
    </content>
    <published>2008-11-23T16:38:53Z</published>
    <updated>2008-11-23T16:38:53Z</updated>
  </entry>
  
  <entry>
    <id>tag:www.thedonovan.com,2008://1.10035-comment:80670</id>
    <thr:in-reply-to ref="tag:www.thedonovan.com,2008://1.10035" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html"/>
    <link rel="alternate" type="text/html" href="http://www.thedonovan.com/archives/2008/11/some_thoughts_o.html#comment-80670" />
    <title>Comment from Argent on 2008-11-23</title>
    <author>
        <name>Argent</name>
        <uri>http://www.aaronpoeze.com</uri>
    </author>
    <content type="html" xml:lang="en" xml:base="http://www.aaronpoeze.com">
        <![CDATA[Bailouts have a serious problem.  They short-circuit the capitalistic feedback loop.  This encourages the growth of incompetence.<br />
<br />
Even worse, they provide immune competetion to their competitors causing other well run business to face the risk of collapse.<br />
<br />
Finally they invite the spread of begging hands and the encourage the business to repeat beg in a cycle of dependence not unlike an addict.<br />]]>
    </content>
    <published>2008-11-23T11:16:01Z</published>
    <updated>2008-11-23T11:16:01Z</updated>
  </entry>
  
</feed>

