Who needs California anyway?

Tom Dougherty, CEO – Stealing Share

17 June 2009

Let’s bail out GM but California? We can do without you.

California State SealSo, let me get this straight. The federal government has bailed out all the banks and the auto industry but said “Sorry, we can’t help you, California.”

Something is wrong here. I promise you, the US will learn to get along just fine without an auto industry. In fact, I believe we will have to anyway because, as much as I would like to believe that Chrysler and GM will find a way to turn things around, I simply don’t believe they have the ability or wherewithal to make it happen.

California is another matter. I simply do not believe that we can survive with a bankrupt California and, personally, I would have rather seen us bail out Sacramento (actual neighbors of all of us) then Citicorp who fleeced all of us.

For many years, the California economy has ranked fifth, sixth or seventh in the world. And while we cannot afford to have GM go away, I guess we can afford to have a third-world economy replace our largest state in terms of economic output. As Will Rogers once said “There’s no trick to being a humorist when you have the whole government working for you.”

California State SealSo, let me get this straight. The federal government has bailed out all the banks and the auto industry but said “Sorry, we can’t help you, California.”

Something is wrong here. I promise you, the US will learn to get along just fine without an auto industry. In fact, I believe we will have to anyway because, as much as I would like to believe that Chrysler and GM will find a way to turn things around, I simply don’t believe they have the ability or wherewithal to make it happen.

California is another matter. I simply do not believe that we can survive with a bankrupt California and, personally, I would have rather seen us bail out Sacramento (actual neighbors of all of us) then Citicorp who fleeced all of us.

For many years, the California economy has ranked fifth, sixth or seventh in the world. And while we cannot afford to have GM go away, I guess we can afford to have a third-world economy replace our largest state in terms of economic output. As Will Rogers once said “There’s no trick to being a humorist when you have the whole government working for you.”

See more posts in the following related categories: CHRYSLER Citibank Citicorp GM Government Bailout

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

The Video Advertising Bureau recommends crap

  Video Advertising Bureau   Tom Dougherty, CEO - Stealing Share 18 October 2018 The Video Advertising Bureau recommends crap Can you sing the Wayfair jingle? The Video Advertising Bureau wants you to believe it’s so important.   "Is the future uncertain? Nope. It’s...

A Palm device is back. Yay.

  Palm device   Tom Dougherty, CEO - Stealing Share 16 October 2018 A Palm device is back. Yay. Here is a novel idea. How about all these aging tech companies — you know, those unwilling to give up the ghost — just send me their extra cash. That way, they won’t need...

Share This