Na na na, NA nA NA NA, HEY HEY HEY GOOD BYE!

Good bye GM, and congrats to Ford on a well played nail in the coffin for a desfunctional automaker of General Motors. I am all for Union rights, but not union abuses which the UAW has become because the economy was letting them get away with it. For GM to think that it is fair to give the UAW 30% in future stock options for the canceling of $10Billion Dollars in payments owed to them, give the US government 50% in future stock options for saving them and spending stupid money, and then offering the Bondholders who hold more than $30 billion dollars in bonds a 9% stake for the forgiveness of those bonds. YOU DESERVE TO FAIL. So this is my good bye letter im sending you, I guess there wasnt a need for the same vehicles from two of their companies in GMC, and Chevorlet. Who whould have guessed that, the Tax payers are never getting their money back from this company, I wonder if they are still arrogantly defending their rights to fly in on private jets everywhere. When they should have be focused on......MAKING A PROFIT. Thats Bad Money, and for some good Money I present Mickey Factz, if you dont know about him now you will atleast know 1 song.

California Still Sucks when it comes to a responsible government

In my grammatically incorrect analysis of the California budget problems on April 9, 2008. I expressed my views of California, and thoughts about their bond proposals to stop the state from falling apart.
Proposition 1D would redirect existing tobacco tax money from California’s First 5 Program to fund other state health and human services programs for the next five years
Proposition 1E is similar in nature to Proposition 1D. If approved, a large portion of funding from the Mental Health Services Act would be redirected to the state’s general fund to help pay for the Early and Periodic Screening, Diagnosis, and Treatment program

A recent article buy MSNBC states many interesting things
-"The citizens of California went to the polls and voted down all five of the ballot measures"
-state revenues running $8 billion below projections
-$16 billion in taxes for the next three, is gone, voted down by the voters.
-For next year the state is a whopping $21 billion short
-California's credit rating is the lowest of the 50 states (Lower than Michigan? That's horrible)

Some information about the Ballot initiatives
-Prop 1A is a stellar example all by itself of what's wrong with voter-run budgets. It would have raised $16 billion in taxes over four years while also requiring the state to store more of the money from years of surplus for the busts that eventually come.
Prop 1C....would have let the state raise $5 billion by selling off future lottery profits (about $1 billion a year)
-It's Prop 1B, though, that's the pièce de résistance. That one would have restored $9 billion in school funding that may (or may not, nobody is quite sure)

So once again, the sunshine state or whatever you call yourselves. PLEASE, DO NOT COME TO TEXAS. WE DONT WANT YOU HERE, SCREWING UP OUR CITIES. For all of these years you looked down on us Texas Folks, with our no state income tax, low cost of living, and multi climate state. Enjoy all the things you always boast about, the weather, the sun, opulence, and Prisons. This is what happens when you let an actor with no political experience run your government. The City of Angels is about to get bumpy, good luck.

The Guy that layed the Golden turd; Phil Gramm

Phil Gramm the man who said"We are experiencing a mental recession" had no trouble accepting $54 billion of dollars to bailout the "investment" bank UBS. The reason I said he had no trouble accepting it is because he is just not a board member or lobbyist for UBS, he is the Vice Chairman of UBS.

"The Swiss government injected six billion francs into banking giant UBS onThursday, and the central bank lent it 54 billion dollars to transfer its non-liquid assets into a separate fund....Eugen Haltiner, president of Federal Banking Commission, told journalists that the step was necessary because "trust in UBS has seriously suffered" owing to the subprime crisis and general financial turmoil. In an indication of how much of a pounding the bank's once-solid reputation has taken, customers withdrew nearly 84 billion Swiss francs worth of assets from UBS during the third quarter, it said in a statement...UBS's wealth management and business banking division saw clients withdraw a net 49.3 billion Swiss francs, "with a significant part of the outflow taking place in the last few weeks of the quarter," it said...[ZURICH (AFP)]"

Way to go Phillip! Another piece of proof that every time you touch something it is guaranteed to lose money. You just identify what is happening as capitalism, as long as Phil Gramm makes money the economy can't fail.

Phil Gramm produced porn during the Nixon administration & lost money.[The Nation]
The Porn industry is a 10 billion dollar industry according to Steve Croft and 60 minutes. How does he fail in an industry that is that profitable, how can Gramm even be referenced as a reliable economic advisor.