We're Goin' Down

The Dow has fallen 9 points. One year ago today, the Dow was at its all time high of 14 points. They are saying that this is a really sad day for anyone with a retirement fund. Our future is not secure and there is no assurance as to what our future will be. It looks like we haven't reached the bottom yet. That's terrifying. What could the worse case scenario be?

All Dried Up?

The Federal Reserve will "buy large amounts of short-term debt in an effort to stimulate the credit markets, which have all dried up." I am truly confused by this. This $700 Billion bailout is one thing, but a strategic plan on how to prevent this from happening again should go hand in hand. Why is it that I know better? If that is the case I have to assume they know better, but may not be changing the system. I keep hearing people say the "American Dream" of owning a home is over because the rules are gonna change.

Who Moved My Cheese?

The leaders at Publicis' Starcom Media Vest Group have decided to trim the fat by letting go of about 150 employees. They have decided to "relinquish planning and buying chores for GM dealers. This will now be handled by two other groups under their umbrella. There is reorder happening in all areas of GM and any business affected by the economy. Everyone is saying, "Who Moved My Cheese?" I believe that of the many; GM will get the cheese back. The problems are the people who will lose their jobs due to the reorder. They will have to go from Caciocallo cheese to American cheese.

Global Warming is a "Crock of Shit"

GM's Vice Chairman, Bob Lutz once said that "global warming is a crock of shit." He refused to acknowledge what he said. When he first made the statement, he said his views and opinions had nothing to do with GM. It was quite reckless of him to make that kind of statement. It could be the one thing that can destroy most of the work GM has done so far. Its like a cop or doctor, even if you are off duty, you are still a cop or a doctor.

Isuzu says no to GM

Isuzu says no to GM on an offer to buy its medium-duty truck operation. On January 30, 2008 the Isuzu website says that on January 31, 2009 it will discontinue distributing new Isuzu passenger vehicles in North America and it results from the prospective cessation of production by General Motors Corporation of the
Ascender Sport Utility Vehicle, and the i-290 and i-370 pickup trucks.

Its interesting that after stopping production which would clearly affect Isuzu that they would try to sell to them. There was obvious tension.

The Arts will suffer.

GM pulled out on renewing their contract with the Youngstown, OH Arena for naming rights. This is all due to the economy and declining revenues. This is all part of the trickle down affect. The arts will suffer in terms of programs supported by corporations because companies and the city and state are trimming the fat. This is gonna be really really interesting.

The Nancys have it right!

I think Nancy Pelosi and I have the same idea. Majority should rule, but it seems he's getting what he wanted from the Senate. The House will vote on Friday.

The New York Times

Wednesday, October 1, 2008 -- 9:56 PM ET

The Senate strongly endorsed the $700 billion economic

bailout plan Wednesday, leaving backers optimistic that the

easy approval, coupled with an array of popular additions,

would lead to House acceptance by Friday and end the

legislative uncertainty that has rocked the markets.

Written September 23, 2008 for the Business 200 Exam:

Our environment has completely changed in the past eight years. Globalization has wholly changed the ways we all do business. When bad choices are made, we deal with the consequences. This addition to our spiral downward doesn't add value to the U.S. The contrast between business and government is, in business, if you mess up, you are fired. President Bush is not effectively working through his administration to achieve organizational objectives in this changing environment that has been unstructured and doomed from the beginning. He has obviously been mismanaging the administration. There was and is no planning.

He effectively wants to erase the mess by passing billions of dollars of debt on to our pockets. The central element in the process of management that entails achieving a stated organizational objective seems to be, “f*(% it.” It’s like President Bush wants to try one last dumb thing before he completes his run.

This is definitely not a balance. In his entire run he never served the U.S. He served his ego. Most managers fail with this derailed way of thinking. President Bush has not exercised control in any of the situations this country has been placed in. This example of decision making is unethical and reckless. This choice is definitely not an example of the best business practices or even a strategy. There is no “get out jail free” card, his choices have consequences.

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