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 *

Money drives Washington Redskins name change

  Washington Redskins   Tom Dougherty, CEO - Stealing Share 6 July 2020 Money drives Washington Redskins name change In the 1976 classic All the President’s Men, Deep Throat becomes agitated with Bob Woodward (played by Robert Redford) over his lack of...

MLB return in jeopardy, so is the sport itself

  MLB return?   Tom Dougherty, CEO - Stealing Share 16 June 2020 MLB return in jeopardy, so is the sport itself An MLB return to play would be more important to that sport than any other, yet major league baseball finds itself on the brink of disaster over...

Share This