COMMENTS:
He’s wrong on at least two counts. Number one, the guy forked over OUR money to AIG because they were “too big to fail.” That’s mistake number one, and a big one at that. What he doesn’t understand in America is that NO company is too big to fail, and no President is too smart to fail, either. Number two, the insurance business is built on employee bonuses, just like any other sales-oriented business. As an employee, you don’t make a whole bunch of money until you sell a whole bunch of insurance. Get rid of the bonuses and you get rid of the sales staff and down go sales and…then the business that is too big to fail, fails.I felt we made a terrible mistake when we bailed AIG out, and I feel that every day that goes by with Obama’s continued demonstration of his lack of understanding the fundamentals of business is another day that I don’t want to hire an employee or two, because I don’t know if he is totally going to change the rules of business tomorrow and I don't want to take the risk of being screwed by one of his "progressive" ideas.
TODAY’S QUERIES & ANSWERS:
Q. Do you think Obama’s special fund to create loans for the small businessman is going to create more jobs? (Carlene ~ Las Vegas, NV) A. No. We’ve all seen how he used the federal loans to take control of banks, automakers and insurance companies. After working as hard as I’ve worked at my business, I’ll be damned if I will willingly put myself in a position where Obama or Reid or Pelosi could tell me how many light bulbs I can use. They can keep my damned money, I don't want to borrow it back.
Q. Why does Obama keep talking down to people as if they are dummies? (Chip ~ Ventura, CA)
A. We ARE dummies. We got ourselves into this mess, didn’t we? We allowed the circumstances with which we are now faced to happen because we were too lazy to keep ourselves informed about what is going on in Washington, didn’t we? Hi. I’m Howdy Doody. What’s YOUR name?
Q. Why did they fire the CEO of Mayers Memorial Hospital in Fall River Mills, California? (Britt – Cassel, CA)
A. Newspapers will never get the whole story, and neither side will ever totally come clean. This I do know: The Board of Directors runs through CEO’s like water. Therefore, they either don’t know a damned thing about the medical business, or they think they do and want to micromanage. No good CEO worth his or her salt wants to be micromanaged. If the Board knows so much, what do they need a CEO for in the first place? Oh, I forgot. Politicians, (the Board is elected), always have to have someone they can blame for their own mistakes, don’t they?
TODAY’S QUOTE:
“I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” ~ Barack ObamaTODAY’S VIDEO:
THE OBAMA TERRORIST TRIALS - DAY 82:
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