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 *

Walmart grocery delivery to overtake Amazon?

  Walmart grocery delivery   Tom Dougherty, CEO - Stealing Share 19 February 2019 Walmart grocery delivery to overtake Amazon? I hate grocery shopping. Let me say that up front. Every Saturday or Sunday, we trek to the nearest Harris Teeter and pile our cart...

Measuring TV advertising effectiveness

  TV Advertising Effectiveness   Tom Dougherty, CEO - Stealing Share 18 February 2019 Measuring TV advertising effectiveness I found a new study utterly hilarious as it says as much about the state of TV advertising effectiveness as it does about attention...

How feasible is the Toys R Us return?

  Toys R Us return   Tom Dougherty, CEO - Stealing Share 13 February 2019 How feasible is the Toys R Us return? It appears the rumors of Toys R Us demise are greatly exaggerated. Tru Kids Brands announces that it has begun the Toys R Us return by reopening...

Share This