Category Archives: Employment

The David Letterman Sextortion Scandal And Confession Has Damaged The CBS Network !

From Murrow To Mediocrity…

The Fall From Grace At CBS

The Ed Sullivan Theater (photo from Wikimedia Commons)

The Ed Sullivan Theater in New York City, home of the Late Show, where David Letterman delivered his mea culpa, mea culpa, mea maxima culpa, admitting to sexual indiscressions with staff members (photo from Wikimedia Commons)

Legendary CBS broadcasting giants, including Edward R. MurrowWalter Cronkite and Ed Sullivan must be turning over in their graves as a result of their “Tiffany Network”, the Columbia Broadcasting System, having its image tarnished by scandal in recent years.  The latest (sex) scandal to hit CBS involves David Letterman, his staff, and a CBS Producer named Robert Halderman.

Executives at CBS must regret the day they lured David Letterman away from NBC.  And the venerable Ed Sullivan Theater in New York City, where CBS tapes the Letterman show, has been forever sullied by the scandal that hit the news Thursday.  CBS began broadcasting from CBS-TV “Studio 50” in 1936, and renamed it the Ed Sullivan Theater in 1967.  The Ed Sullivan show was broadcast from there during it’s 23-year run, from 1948 thru 1971.

In the 1970’s, about the time that David Letterman was a weatherman on an Indianapolis, Indiana television station, we were working for a company in New York City that sold equipment to broadcasters.  They did business with CBS, and on one occasion our work took us to the Ed Sullivan Theater.  We entered that building in awe.  We felt extremely privileged to be in that space, where some of the most historic broadcasts in the history of television originated from.  Today however, we would be embarrassed to be seen entering  the studio where the Beatles made their U.S. debut, and where virtually every notable performer or group from that era appeared,  many of them multiple times.

Ed Sullivan would cringe if he heard what David Letterman admitted to this past Thursday, while standing on the same stage that Sullivan’s shows were broadcast from.  Ed Sullivan was so squeaky clean that it was commonplace for him to ask performers to change objectionable lyrics in the songs they performed on the Ed Sullivan show.  Performers that refused to clean up their lyrics would not be broadcast, and those that reneged on their promise to sanitize their lyrics (remember that this was live television), were never invited back to the Ed Sullivan show again.

This past Thursday, in what can only be described as one of the most bizarre broadcasts of the Letterman show (or any television show, for that matter), Letterman delivered his mea culpa, admitting to his sexual indiscretions, to an audience of people who were laughing like hyenas.  Apparently, the audience didn’t know what to make of the confession, and assumed it was part of his comedy routine.  Here’s an article published by the New York Daily News on Friday, which identifies a woman who worked for David Letterman, who they believe is involved in the scandal.  In any case, Letterman’s broadcast confession certainly gives a whole new meaning to the term “Worldwide Pants”.  You can probably find the confession on YouTube and elsewhere, but we aren’t going to link to it, since it seems that CBS has been asking YouTube to pull any excerpts people have been posting from the show, due to copyright infringement, and, no doubt, severe embarrassment.  Ya know, maybe CBS should have never broadcast it in the first place.

In the 1970’s Watergate scandal, Richard Nixon had his infamous 18- minute gap on the White House tapes.  Similarly, in the Letterman scandal, CBS has redacted the ten-minute mea culpa segment of David Letterman’s monologue from the official copy that CBS posted on YouTube (read this NY Times article about the missing Letterman segment).

As an aside, we think it’s worth noting that technology like cellphones, digital cameras, the VCR, DVDs, computers, the Internet and websites like YouTube have a way of  changing the status quo, and making existing law moot in many cases.  As many individuals and corporations have learned over the last few years, it is largely an exercise in futility to try and have something that has been posted on the Web taken down.  The harder you try to quash something, whether a photo, a video, an MP3 file or a point of view, the faster it propagates.  Remove it from one website, and it springs up in 100 other places.  The battle to protect intellectual property (IP) has been made infinitely more difficult as technology has made it a trivial matter to make high quality copies of materials such as music, movies, photos, etc.  Two events in particular stick out in our mind;  The introduction of VCRs in the late 1970’s, which had the entertainment industry scared to death about illegal recording of television shows, and the advent of music sharing websites such as Napster.  Blogs, personal websites, and the fact that virtually everyone can now have a “printing press” in their home has changed the publishing and newspaper businesses forever.  Organizations have learned that a different mindset is necessary to survive.  If you can’t beat them, join them.  As an example of this consider the fact that every major U.S. daily newspaper that has managed to survive also has a website.  Newspapers have even begun scrapping their paper editions, becoming Internet-only news outlets, a la The Huffington Post (see this NYTimes article about The Seattle Post-Intelligencer going Internet-only).  But we digress.

If we were running CBS, the Letterman show would be pulled faster than you can say “Top Ten List”, but for financial reasons, we doubt CBS will pull the show.  Moral and ethical standards are simply not what they were when William S. Paley was running CBS.  Certainly not at CBS, and not anywhere else in broadcasting, or society in general.  If Letterman can continue to do well in the ratings, his job is probably secure.  But we expect to see CBS getting hit with lawsuits from Letterman staffers, who will say that his conduct created a hostile work environment.

And of course, the “Top Ten” lists have begun to appear on the Web, in response to the Letterman scandal.  A fellow WordPress blogger posted “The Top Ten Reasons Why David Letterman Should Be Fired”, while this conservative Christian website posted their own Top Ten list.

– Routing By Rumor

P.S. – According to this article at the Museum of Broadcast Communications, “From Murrow To Mediocrity” was the title of a scathing 1987 New York Times op-ed piece written by CBS newsman Dan Rather.

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Introducing The Sichuan Tengzhong Hummer H1

This week’s bankruptcy filing by General Motors, and indeed the current critical condition of the entire U.S. economy can be traced directly to the wholesale loss of decent paying American manufacturing jobs, primarily to China.  Retailers like Walmart, whose stores are stocked predominantly with cheap Chinese-made goods are thriving, because financially desperate American families can’t afford to shop anywhere else (Walmart employs almost 1.5 million workers in the United States, and will be adding 22,000 more U.S. workers to its payroll in 2009; while this may sound like good news, it is anything but.)  It is a vicious cycle of cheap imports, resulting in job losses and low wages for those still lucky enough to find work, that creates an even greater demand for cheap imports that are destroying the American economy even more.  Probably the only thing that is limiting imports from China right now is the lack of available space on cargo ships.  The U.S. government does not seem to be the least bit inclined to limit imports, despite the damage they are doing to our country.

Now, it appears that General Motor’s Hummer division is being sold to China’s Sichuan Tengzhong Heavy Industrial Machinery Company.  We feel that dismantling what was one of the largest and oldest American corporations, and selling a portion of it to China is nothing short of treason.  It’s also ludicrous.  Friends, what you are witnessing is an acceleration of the destruction of the U.S. economy.

On a purely practical level, it won’t work.  The type of American buyers who are attracted to a vehicle like a Hummer won’t want a Chinese vehicle.  And as the U.S. economy continues to disintegrate because of exactly this sort of exportation of American brands and jobs, few if any Americans will be able to afford to buy a Hummer, or any vehicle, for that matter.

From a national security standpoint, selling yet another major American manufacturing company to China places America in grave danger. And remember… Hummer is basically a military vehicle, even if it has morphed into a family vehicle for soccer moms on American highways. We’ve said it before on this blog, and we’ll say it again…  Anytime it desires, China will be able to bring America to its knees without firing a single shot.  If China cuts off the supply lines that America has become dependent on, the United States will starve to death.   And we won’t be able to defend ourselves either, because unlike during World War II, America’s manufacturing capacity has all but disappeared.  If you think that melamine-laced pet food, lead-tainted toys, or toxic sheetrock from China are a problem, you ain’t seen nothing yet.

How bad are things getting for U.S. manufacturers?  We went to the Home Depot recently to buy a few sheets of sandpaper, and everything they had was made in China.  It appears that America can’t even manufacture sandpaper any more.

So stop worrying about North Korea or Iran or al-Qaeda or the Taliban.  What you should really be worrying about are those shiny new Sichuan Tengzhong Hummers that will soon be rolling down America’s highways.

We wonder if they sell portraits of Chairman Mao at Walmart.  There’s a bare wall in our living room where we could hang it.

– Routing By Rumor

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Circuit City Finally Bites The Dust

The news shouldn’t surprise anybody, certainly not readers of this blog.

Richmond, Virginia based Circuit City stores announced today their intention to close their 567 remaining stores and liquidate their inventory.  We predicted that they wouldn’t last much past the end of the 2008 Christmas season.

That means another 34,000 American workers joining the unemployment line.

See our previous posts…

Circuit City Stores Files For Chapter 11 Bankruptcy Protection

One Foot In The Grave At Circuit City

Philip Schoonover Learns That What Goes Around Comes Around

– Routing By Rumor

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Bloomberg Hits The Nail On The Head Regarding Economic Stimulus Plan

NYC mayor Michael R. Bloomberg

NYC mayor Michael R. Bloomberg

There was a piece on the radio this morning which discussed New York City Mayor Michael Bloomberg‘s comments about any future economic stimulus plans. Unfortunately, our searches for his comments have come up empty, but we’re guessing that he made these remarks yesterday. If we’ve misquoted Mr. Bloomberg, our apologies. We are going on our recollection of what we heard on the radio this morning.

Mr. Bloomberg (his middle name is “Rubens” – how many of you knew that?) said that the first round of economic stimulus checks the government mailed out amounted to a program that allowed Americans to go buy Chinese-made widescreen TVs at Circuit City. We couldn’t agree more. In fact, if you’ve followed RoutingByRumor, you know that we have said that the first round of economic stimulus checks amounted to little more than a subsidy for Middle East Oil producing countries, big oil and China, Inc. (You can rest assured that no matter how low the price of oil goes, no matter how much demand drops, that ExxonMobil will continue to post record profits in the quarters and years ahead.)

Franklin Delano Roosevelt

Franklin Delano Roosevelt

Mr. Bloomberg said that any future economic stimulus program should fund infrastructure projects, which would be similar to what the United States undertook to help lift the country out of The Great Depression. President Franklin Delano Roosevelt‘s Works Progress Administration (WPA) created almost eight million jobs between 1935 and 1943. Just as importantly, this New Deal agency built highways, bridges, schools and other public works projects across America that still serve our nation today. New York City has more than it’s share of crumbling infrastructure, and like other American cities, would benefit greatly from a modern-day WPA.

Mr. Bloomberg has been critical of the Federal government’s economic stimulus plan in the past. In fact, he’s been against it all along. Last February, he said the then-proposed first round of economic stimulus checks were “like giving a drink to an alcoholic”.

Athough not in relation to the current debate on future economic stimulus spending, Mr. Bloomberg appeared before lawmakers on Capitol Hill this past June, in his capacity as co-chair of Building America’s Future.   He gave this testimony about the need to invest in infrastructure projects.

At a time when there’s more layoffs in the news every day, and the scope of those job cuts are getting wider and wider (today’s news brought word of Citibank planning 10,000 job cuts worldwide), we desperately need a government program that will give American families more than fleeting relief. We need a program that will keep the economic stimulus money the government spends here at home, instead of it being an indirect subsidy for China, which doesn’t benefit American families one bit. Walmart is doing very well, thanks to American families desperate to stretch their income. There is no need to provide Americans with stimulus checks they can take to Walmart, to buy more Chinese made goods. We’ve read that something on the order of 80% of the goods on the shelves at Walmart are made in China.

There’s slim chance that outgoing President George W. Bush will try to implement a program that will put Americans to work while also rebuilding America’s infrastructure. Our hope is that President-elect Barack Obama will seize the opportunity to lift America out of hard times by proposing a program styled on Roosevelt’s WPA. If Washington is going to spend billions of more dollars in an attempt to prevent an economic collapse, doesn’t it make sense to spend it on projects that will benefit America for generations to come, while keeping our money here at home ?

– Routing By Rumor

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Circuit City Stores Files For Chapter 11 Bankruptcy Protection

This morning, Circuit City filed a bankruptcy petition (see bloomberg.com article), In Re Circuit City Stores Inc., 08-35653, with the U.S. Bankruptcy Court for the Eastern District of Virginia. If you’ve been following this blog, you won’t be surprised by today’s filing. Circuit City has had one foot in the grave for a while now (see our article from last week). See additional coverage of this story by Forbes, The Associated Press, The New York Times, Barron’s and Reuters.

The Richmond Times-Dispatch reported that last Friday, up to 800 employees at Circuit City’s corporate headquarters (more than a third of the workers there) received pink slips.

Circuit City owes well over half a billion dollars to suppliers including Hewlett-Packard, Samsung, Sony, Zenith, Toshiba, Garmin and Nikon. With bankruptcy looming, more and more vendors have refused to extend credit to Circuit City. With today’s filing, we’re pretty sure their ability to obtain terms from vendors is now pretty much non-existent. It probably also ensures that the New York Stock Exchange will de-list Circuit City, as they have already warned, if their share price doesn’t make a sustained recovery to above $1.00 a share. In early trading today, Circuit City shares have lost more than 90% of their value, falling from a lofty $0.12 per share when the market opened, and now sitting at an embarrassing two pennies a share (but that’s at least twice as much as we think its worth, so you could say its overvalued).

11/11/2008 Update…

Well, that didn’t take long. The latest milestone on the devolution of Circuit City has occured. Circuit City shares have been delisted from the New York Stock Exchange (NYSE), and are now trading on the Pink Sheets.  With all these pink slips and pink sheets, maybe pink is Circuit City’s new color.  Circuit City is now what is referred to as a “penny stock”. That light you see at the end of the tunnel just may be the oncoming Best Buy Express. Click here to get a quote on Circuit City shares (CCTYQ.PK)

Things have gone steadily downhill for Circuit City since they made the absolutely brilliant business decision in March of last year, to fire 3,400 of their most experienced employees. Consumerist.com has posted
this excellent timeline of Circuit City’s decline, titled “How Circuit City Came Undone”, which shows their declining stock price in relation to various events in their demise. The graph looks a lot like a ski slope. It’s the sort of thing they’ll probably use in business schools, when teaching a course in how to destroy a successful company.

Perhaps the saddest part of this modern day Greek tragedy is the fact that the executives who were the architects of this debacle earned millions of dollars for their role in the company’s failure. Perhaps the new scrutiny that the country’s economic meltdown is focusing on executive compensation will cause the directors of corporations to hold their executives responsible for the bad decisions they make. Here’s a suggestion… Instead of simply lavishing millions of dollars in company stock on executives, how about adding the condition that they won’t be vested unless there is a certain number of quarters of future growth. For instance, Mr. CEO, that five or ten million dollars worth of company stock won’t be yours unless the company makes money over the next two years. No more “take the money and run”. For too many corporate executives, it has been a game of “heads I win, tails I win”.

Given Circuit City’s history and reputation, the decrepit state of the U.S. economy, and the competition that exists in the consumer electronics space (especially from competitors Best Buy and Walmart), we think it’s a safe bet that Circuit City will never emerge from bankruptcy, and that’s, as Martha Stewart would say, “a good thing”. Last week, they announced the closing of many of their stores, and we wouldn’t bee surprised if more closings follow before the end of the year.

Coming at the beginning of the holiday shopping season, the closings and the bankruptcy filing might attract some bargain hunters, but let’s be honest… Who wants to make a major purchase from a retailer who may very well not be around, should you need to return an unwanted or defective purchase. It pretty much goes without saying that anything purchased at a going-out-of-business sale is sold as-is, no returns, no refunds. Caveat emptor.

We’re going to go out on a limb here, and make the following prediction; Circuit City’s Chapter 11 bankruptcy will become a Chapter 7 filing (liquidation) within six months, perhaps much sooner. Check back here to see how our prediction fares.

– Routing By Rumor

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One Foot In The Grave At Circuit City

With just three weeks to go before most of the nation’s retailers enter their busiest time of the year, Circuit City stores have announced their latest brilliant plan. They are closing 155 of their locations, spread across 28 states (Reuters and Associated Press, 11/03/2008). The going-out-of-business sales at these locations will reportedly start tomorrow, November 5th. This is the latest bit of bad news from the nation’s #2 electronics retailer, which has had mass layoffs, sales declines, and received a lot of negative publicity in the last few years (see our previous articles about Circuit City’s problems, here, here, here and here).  With the closing of these Circuit City locations, thousands more Circuit City employees will join the ranks of the unemployed.

This should be viewed as an emergency amputation, as opposed to a pruning. When you have a healthy core, but too much growth in the branches, you prune, to keep the rest healthy. When there is systemic disease that causes necrosis at the periphery, you amputate. Other large retailers that have been proactive in difficult times tend to close just a handful of their worst performing locations, and they’ll do it after their peak selling season. Retailers that make ill-timed cuts, and who do it with an ax instead of a scalpel, tend to suffer from poor management or a lack of management. They usually don’t act until it’s too late. We believe the current debridement occuring at Circuit City falls into this category.

The fact that Circuit City could not wait until after the holiday selling season to close these stores speaks volumes about just how bad things are at the Richmond, Virginia-based electronics retailer. Indeed, with a stock price that has traded as low as 17 cents a share in recent days, and notification last week from the New York Stock Exchange that their stock is subject to de-listing, things can’t get much worse. Some of their suppliers, fearing that Circuit City is on the verge of bankruptcy, are refusing to ship merchandise to Circuit City unless they are paid cash up front. Consumers, hard hit by the recession, and disgusted with Circuit City, are spending any money they may have, elsewhere. Even with the announced closings, some analysts are predicting that Circuit City will be forced to liquidate or file for bankruptcy by January.

As bleak as things are at Circuit City, you still hear people saying that they are exploring “strategic alternatives” (see Business Week, 11/03/2008). We will submit to you that when you’re on the verge of bankruptcy, sales have dried up, vendors are demanding cash, your stock price is measured in pennies rather than dollars, you’re forced to close hundreds of stores, and the nation is in the grip of a deepening recession, you don’t have any “strategic” alternatives. The choices seem to be declaring bankruptcy now, or trying to hang on a little longer and declaring bankruptcy a few months from now. If Circuit City is pinning their hopes for survival on having a banner Christmas season, they’re in for a terrible shock. Even relatively healthy retailers are bracing for a dismal end to a dismal year, and the U.S. economy doesn’t seem poised to roar back to life anytime soon.

Circuit City’s woes spell opportunity for it’s competitors. It appears that the nation’s largest electronics retailer, Best Buy, will likely snap up some of the locations being vacated by rival Circuit City.

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Hanesbrands Ships Even More American Jobs To China !

..And some people wonder why the American economy is on life support.

Hanesbrands, Inc., the North Carolina based clothing manufacturer best known for their Hanes, Champion and Playtex brands, has given up on more American workers. Two weeks ago, they announced the elimination of more than 8,000 jobs, or 12% of their payroll, and the closing of nine plants in five countries. The job cuts will include 1,300 workers in North Carolina alone. If you’re looking for work in China, you’re in luck. But if you’re looking for work in North Carolina, tough luck. Hanesbrands expects to hire 2,000 employees in China by the end of the year. They’re also building a new textile fabric plant in Nanjing, China.

What wonderful news for the American economy !

Hanesbrands is giving up on workers in Central America as well, including Costa Rica, El Salvador and Honduras. Apparently, not even low paid workers in these countries can compete against China. While it looks like most of these jobs are going to China, the company also said they will be moving production to plants in Vietnam and Thailand. It’s probably just a coincidence that these may be some of the worst countries on earth, in terms of worker exploitation (see “Secrets, Lies and Sweatshops“, Businessweek, 11/27/2006).

Al Norman over at The Huffington Post has written an excellent piece about Hanesbrands’ abandonment of American workers. He puts the blame squarely on retailers like Walmart, and the consumers that flock there looking for cheap goods. In fact, he calls Walmart “the travel agent for Hanesbrands”.  Also check out our article from last December, “The Walmartization Of America“.

Take a look at Hanesbrands’ CEO Richard A. Noll’s total annual compensation at Forbes.com. We would have less of a problem with the top management at a company receiving obscene levels of compensation if they were able to provide employees with secure jobs, and pay them decent wages. We’ve read opinions that most all CEOs at U.S. corporations are good, decent, intelligent people, and we trust that Mr. Noll fits that profile. But when large numbers of your employees are getting pink slips, and you are closing many of your factories, it seems to us that the pain should be shared by the most highly compensated employees at the company. If top management doesn’t see fit to spread around the pain, then the company’s directors should address the issue. Come to think of it, if Hanesbrands’ manufacturing is moving to low-cost places like China and Vietnam, perhaps their CEO position should move there also, to be closer to their workers. You could probably find a very capable CEO in Ho Chi Minh City, who would take the job for about 50 cents a day.

Do you think it’s possible for someone like Mr. Noll to comprehend the impact of the plant closings on an employee who has spent their entire career in a North Carolina textile factory, and is now told that their job is being sent to China? If you do the math, it would seem that if Mr. Noll and other executives at Hanesbrands took a modest cut in their annual compensation, Hanesbrands could afford to keep at least one of their North Carolina plants open, and many of their loyal employees on the payroll. It would sure be interesting to hear some of their soon-to-be-jobless employees’ opinions on the subject. Obviously, making tons of money is nice, but at some point, doesn’t the voice of reason (or perhaps conscience) tell you what the morally right thing to do might be ? Dining on Prime Rib is nice, but we would have trouble swallowing if we were surrounded by people who were starving to death. It’s also all about loyalty, which seems to be in terribly short supply in the American workplace, in the executive suite, as well as on the factory floor.

We believe, and we’ve written previously, that the loss of jobs and manufacturing capacity in the United States is at the root of our current economic woes. The withering stock market, the banking and real estate crisis, the credit crunch, the decrepit state of the U.S. auto industry and the weak U.S. dollar are all symptoms of an economy decimated by companies who have abandoned the American worker, in search of profits in places like China.

You know, those cheap Hanes socks, underwear or other garments at your local department store may not be the bargains they appear to be. Actually, you might not be able to afford the type of bargain that Hanes is offering !

Let’s say that you’ve had it with companies that have moved their manufacturing to China. This mom did, and she decided to boycott all Chinese-made goods for one year. She is a reporter, and wrote about her quest, in “A Year Without China: One Mom’s Fruitless Quest To Boycott China”. Her experience is quite interesting, and includes a futile attempt to avoid Hanes products made in China.

Last week, we were reading the New York Times, when an ad practically jumped off the page at us. With the title “Even The Rope We’re Hanging Ourselves With Is Made In China”, it echoes our feelings about what is wrong with the U.S. economy. A play on Lenin’s quote “The capitalists will sell us the rope with which we will hang them”, to be sure, but also very true with regard to the state of the U.S. economy.

The “rope” ad is from an organization we had never heard of, called The Institute For America’s Future. We urge you to visit their website at www.ourfuture.org. They are warning America about exactly the same things we’ve been writing about; the trade deficit, the exporting of American jobs, the loss of manufacturing capacity, and the dependence on foreign oil.

Doctor Bush and his band of merry economists can throw 700 billion band-aids at the problem, but that will have little effect. The patient is hemmorhaging, and unless the source of the bleeding is addressed, all the band-aids in China (or all the tea in China) won’t save the patient. President Bush has recently resorted to his emergency “fireside chats” with the American public, making his morning televised appearances to try and reassure the nation in the face of the economic meltdown. We think we can safely say these little pep talks have done nothing to calm Wall Street, or reassure the man on the street. They are too little, too late, from an American President who really doesn’t seem to get it.

And look at the $85 billion bailout of AIG, a company in such bad financial shape that they could afford to squander close to a half-million bucks on an “executive retreat” at a California resort, just days after lawmakers signed off on their bailout. But then, when your rich uncle is writing you a check for $85 billion, that hotel tab probably looks like pocket change. Talk about laughing all the way to the bank. It’s like giving a few bucks to a homeless person begging on the street, who then uses your money to hire a limo to take them to the welfare office. If AIG’s behavior isn’t criminal, it certainly should be.

And of course, when Robert Willumstad, the Chief Executive at AIG (he lost his job a day after the federal bailout was announced) is hauled before lawmakers on Capitol Hill, and asked to justify the squandering of money on a “retreat” at a California resort, which included $23,000 spent on spa treatments for AIG employees, he understandably pleads ignorance, telling the House Oversight and Government Reform Committee that he was “not familiar with the conference”.

In the last week or so, we’ve witnessed what historians will refer to as “The Stock Market Crash Of 2008”. The crash, proceeded by the economic epidemics of layoffs, home foreclosures and bank failures would seem to indicate to reasonable people that the U.S. economy, at the very least, is in a recession. In response to the crumbling economy, the U.S. government has taken unprecedented action to shore up banks, insurance companies and investments such as money market mutual funds. Yet, the Bush administration cannot bring themselves to using the “R” word. The Bush administration is in denial.

Good luck to the presidential candidate who will inherit this mess 100 days from now. Whichever candidate that happens to be, we think their first order of business, their top priority, must be to bring American jobs back to America, and to address the trade deficit and our dependence on foreign energy.

– Routing By Rumor

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