Guest Voice: Dear Charlotte – You Are Bankrupt

Dear Charlotte – You Are Bankrupt

By J.J. Jackson

Dear Charlotte,

Even though you are far too young yet to understand this letter, and you are rightfully more interested in seeing how much noise you can make by throwing all of our pots and pans on the floor, I wanted to let you know that I am sorry. I am sorry at what has happened to you. For you see, you are bankrupt.

I know that this will come as a shock to you once you are old enough to read these words considering that you have never held a job, earned a wage or incurred a single debt to your name. But it is true and I am sorry that I was not able to stop this from happening. Believe me, your mother and I tried and tried hard to not have you placed in such a situation. We have worked hard, paid our bills and lived within our means.

It is not because of us, your parents, that you are bankrupt however. Ask your mother when you are older about how every week I toiled at the computer and wrote numerous articles and blog postings about the misbegotten economic ideas of our nation. These are the ideas and practices which are the real reason why, before you can even think about needing to earn a wage to support yourself, you will be tens of thousands, if not hundreds of thousands, of dollars in debt to the federal government.

I am sad for you. I am sad for you because these are not burdens that someone who is not yet even two years old should be saddled with. It is not right that the people of this once great nation have stripped you of so much at such a young age and sold you, without permission or without you having committed any crime, into slavery and bound you to serve them and their greed.

A lot of citizens have mortgaged your future for their own present comfort and security. Knowing how it feels to have my own future mortgaged by these same greedy, and dare I say unrighteous, souls I understand that it will only get worse for you as you grow up. Your mother and I already have a heavy weight on our own shoulders in which thousands of our hard earned dollars are taken by the government at the behest of the greedy who did not care enough about their own future to save for their own retirement and believe they are entitled to such at our expense. We are burdened with the heavy cost of other greedy folks who believe that we should pay for their health care because of the virtue of our success while they have not cared one bit to better their own lots in life and acquire that which they desire. And then there are the myriad of other thieves that have compiled agencies of government to demand from us to pay the other debts that they could not pay themselves.

My dear Charlotte, I know it will only get worse for you because it has only gotten worse for us. Already in the past year the government has issued hundreds of billions of dollars in debt certificates, paper money with no substantive backing simply printed on a whim, to line the pockets of people that have made more bad choices in ten minutes than you will make in your lifetime and who believe that they are “too big to fail.” The government calls these debt certificates “money,” but they are nothing more than I.O.U.s which are being financed by foreign governments that will demand the interest we are promising them in return for taking on this debt. Yes, you, my dear, will be tasked to repay these “loans” and all the other spiraling costs of a government run amok beyond sound limits.

For now you will not have to worry much about this looming crisis. There is so much that is of greater importance to you at this moment and for the next few years. You will thrill in chasing the dogs around the living room as they try to escape your all encompassing love and simple desire for just a hug and a sloppy doggie kiss from them. You will be learning your ABC’s and your 123’s and discovering new words. You will be busy trying to mimic new actions you see your mother and I doing and continue trying to sweep the floor, dust the table and clumsily sop up spills with paper towels. You will soon be learning how to ride a bike and to roller-skate. You will undoubtedly revel in enjoying the thrills of the first snow each year and then the first blossoms of spring that will follow. You will eagerly anticipate Christmas morning for many years and what Saint Nicolas has brought for you as a reward for being a good little girl.

I do not write this letter to you in order to strip you of the childish joy you will be filled with over the coming years. I do not expect you to even understand the severity of the situation in which you have been placed even when you are able to read these words, probably asking how to pronounce certain new and unfamiliar ones that you will come across in doing so. I do however write this letter to you hoping that someday, when you are older and wiser and buried by the avalanche of public debt that is bearing down on you, you will find it in your heart to forgive me for not being able to stop the pending disaster which will doom you to a life of servitude to the slothful and the greedy. I hope that you will forgive me for not being able to stop the bad policies of our government that will invariably force you to have to work even harder to support not only yourself but also support all those that the bureaucracy has decided that you must, in addition to yourself, while pursuing the American Dream.

I know that you will be able to succeed in bettering yourself and taking care of yourself but I am sad and disappointed in myself that I have not been able to make it easier on you to live free and experience a greater sense of liberty than the generation before you. I hope and pray that you will not hold it against us, your parents. And I want you to know that I will continue to do everything in my power so that I will, hopefully, one day be able to tear up this letter and never have you read it.

Love eternally,

Your Father

Countering the False Rumor that Auto Workers make $70 an Hour

I am sure that you’ve heard about the Rumor or the Conservative talking point that the Detroit Auto Workers make $70 an hour. The Conservatives will try and tell you that if you figure in all thier benefits, it totals that amount.

There’s only one little problem with that, the math, is quite frankly, wrong.

Jonathan Cohn at TNR Explains:

Well, here’s one reason: The figure is wildly misleading.

Let’s start with the fact that it’s not $70 per hour in wages. According to Kristin Dziczek of the Center for Automative Research–who was my primary source for the figures you are about to read–average wages for workers at Chrysler, Ford, and General Motors were just $28 per hour as of 2007. That works out to a little less than $60,000 a year in gross income–hardly outrageous, particularly when you consider the physical demands of automobile assembly work and the skills most workers must acquire over the course of their careers.
More important, and contrary to what you may have heard, the wages aren’t that much bigger than what Honda, Toyota, and other foreign manufacturers pay employees in their U.S. factories. While we can’t be sure precisely how much those workers make, because the companies don’t make the information public, the best estimates suggests the corresponding 2007 figure for these “transplants”–as the foreign-owned factories are known–was somewhere between $20 and $26 per hour, and most likely around $24 or $25. That would put average worker’s annual salary at $52,000 a year.
So the “wage gap,” per se, has been a lot smaller than you’ve heard. And this is no accident. If the transplants paid their employees far less than what the Big Three pay their unionized workers, the United Auto Workers would have a much better shot of organizing the transplants’ factories. Those factories remain non-unionized and management very much wants to keep it that way.

So, where did this wild figure come from? Jonathan continues:

But then what’s the source of that $70 hourly figure? It didn’t come out of thin air. Analysts came up with it by including the cost of all employer-provided benefits–namely, health insurance and pensions–and then dividing by the number of workers. The result, they found, was that benefits for Big Three cost about $42 per hour, per employee. Add that to the wages–again, $28 per hour–and you get the $70 figure. Voila.
Except … notice something weird about this calculation? It’s not as if each active worker is getting health benefits and pensions worth $42 per hour. That would come to nearly twice his or her wages. (Talk about gold-plated coverage!) Instead, each active worker is getting benefits equal only to a fraction of that–probably around $10 per hour, according to estimates from the International Motor Vehicle Program. The number only gets to $70 an hour if you include the cost of benefits for retirees–in other words, the cost of benefits for other people. One of the few people to grasp this was Portfolio.com’s Felix Salmon. As he noted yesterday, the claim that workers are getting $70 an hour in compensation is just “not true.”

I highly recommend that everyone that comes here, go read the rest of this great article. Because it really puts to bed some of the more idiotic rumors and false information. I mean, I have been raising hell about this whole bailout, but it is mainly because of the utter stupidity that is being parroted by the Far Right and by some of the not so far right. I will say this, that if this is the best that right can do, towards the middle class. They can forget about getting elected in 2010 or 2012. Of course, based upon what I’ve noticed as of late, there is not much hope of that happening anyhow.

I would suppose that there are those who might think, that I do not think that there is any problems with the Big Three. Trust me, I do. I also realize that the unions did get a bit greedy in the last 20 or so years. But, I also know this, that the errors that the present management and management in the past made at General Motors, Ford and Chrysler are NOT the fault of the Employees. Nor do I believe that the employees of these fine companies should be punished for the incompetency of these companies. Nor do I blame the employees for the missteps of the Union officials, who were out for their own agendas.

It is just a plain and simple, the Republicans and some Libertarians think that punishing the middle class and allowing those who simply go to work and do their jobs to lose their jobs is perfectly acceptable. I am not one of those people.

In a personal level, my Dad never, ever made more than $21 an hour at his job. He worked for general motors for 31 years. He drove a Hi-lo, otherwise known as a Forklift. He worked for those people faithfully, rarely took off sick, he would work as many hours as they asked him to. Sometimes double shifts, he even worked triple shifts, before they outlawed it. My Father earned his retirement, and now, I have to contend with idiot Republicans, Conservatives and some Libertarians; who want to punish my dad for G.M.’s stupidity. It just is not right. As far as his benefits go, he’s got some good benefits, but they’re not as nearly as good as they used to be. He used to pay zero for Doctor’s visits and Prescriptions, he now pays a large co-pay for doctor’s visits and prescriptions. I think my Dad has earned every last bit of those benefits, and those Conservative who would want to punish my Dad, I will say to you, what Keith Olbermann said about those in the Bush Administration who knowingly send your Nation’s troops into battle for their second and third terms, despite the fact that some, if not all, are suffering from post traumatic stress syndrome; they can go to hell.

It just seems very hypocritical of this Nation to give Wall Street 700 hundred BILLION dollars, for a damned bailout that did not even really work; but you let the big three ask for a bridge loan and the whole world is like “Detroit can go to hell!” It just does not make any sense to me at all.

Matthew Yglesias and Washington Monthly

Mitt Romney throws himself out of the running for President in 2012

(H/T to Liberal Values)

I saw this and I could not pass it up.

I’ve already Blogged about another Madison Avenue Conservative who thinks that the Detroit auto worker is a piece of shit. (Who, by the way, removed my trackback, like the little fat coward fuck that he is…) Strike that, it’s still there. My bad. Was looking in wrong place. 😀

Now have another Madison Avenue Conservative coming out against the American Auto worker. Mitt Romney, the idiotic Mormon Freak is now opening his mouth towards the Detroit Auto Worker.

Mormon freak boy writes:

IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.
Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.
I love cars, American cars. I was born in Detroit, the son of an auto chief executive. In 1954, my dad, George Romney, was tapped to run American Motors when its president suddenly died. The company itself was on life support — banks were threatening to deal it a death blow. The stock collapsed. I watched Dad work to turn the company around — and years later at business school, they were still talking about it. From the lessons of that turnaround, and from my own experiences, I have several prescriptions for Detroit’s automakers.
First, their huge disadvantage in costs relative to foreign brands must be eliminated. That means new labor agreements to align pay and benefits to match those of workers at competitors like BMW, Honda, Nissan and Toyota. Furthermore, retiree benefits must be reduced so that the total burden per auto for domestic makers is not higher than that of foreign producers.
That extra burden is estimated to be more than $2,000 per car. Think what that means: Ford, for example, needs to cut $2,000 worth of features and quality out of its Taurus to compete with Toyota’s Avalon. Of course the Avalon feels like a better product — it has $2,000 more put into it. Considering this disadvantage, Detroit has done a remarkable job of designing and engineering its cars. But if this cost penalty persists, any bailout will only delay the inevitable.
Second, management as is must go. New faces should be recruited from unrelated industries — from companies widely respected for excellence in marketing, innovation, creativity and labor relations.
The new management must work with labor leaders to see that the enmity between labor and management comes to an end. This division is a holdover from the early years of the last century, when unions brought workers job security and better wages and benefits. But as Walter Reuther, the former head of the United Automobile Workers, said to my father, “Getting more and more pay for less and less work is a dead-end street.”
You don’t have to look far for industries with unions that went down that road. Companies in the 21st century cannot perpetuate the destructive labor relations of the 20th. This will mean a new direction for the U.A.W., profit sharing or stock grants to all employees and a change in Big Three management culture.
The need for collaboration will mean accepting sanity in salaries and perks. At American Motors, my dad cut his pay and that of his executive team, he bought stock in the company, and he went out to factories to talk to workers directly. Get rid of the planes, the executive dining rooms — all the symbols that breed resentment among the hundreds of thousands who will also be sacrificing to keep the companies afloat.
Investments must be made for the future. No more focus on quarterly earnings or the kind of short-term stock appreciation that means quick riches for executives with options. Manage with an eye on cash flow, balance sheets and long-term appreciation. Invest in truly competitive products and innovative technologies — especially fuel-saving designs — that may not arrive for years. Starving research and development is like eating the seed corn.
Just as important to the future of American carmakers is the sales force. When sales are down, you don’t want to lose the only people who can get them to grow. So don’t fire the best dealers, and don’t crush them with new financial or performance demands they can’t meet.
It is not wrong to ask for government help, but the automakers should come up with a win-win proposition. I believe the federal government should invest substantially more in basic research — on new energy sources, fuel-economy technology, materials science and the like — that will ultimately benefit the automotive industry, along with many others. I believe Washington should raise energy research spending to $20 billion a year, from the $4 billion that is spent today. The research could be done at universities, at research labs and even through public-private collaboration. The federal government should also rectify the imbedded tax penalties that favor foreign carmakers.
But don’t ask Washington to give shareholders and bondholders a free pass — they bet on management and they lost.
The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.
In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check.

Hey, Mormon freak boy! Care to share how many workers your asshole father laid off, while he was the President of American Motors? Do you also care to share with the rest of the country of how much of a disaster your daddy’s term as Governor of the State of Michigan was? Especially with his aborted run for President of the United States?

I did agree with some of what he wrote like this:

Second, management as is must go. New faces should be recruited from unrelated industries.
[….]
The need for collaboration will mean accepting sanity in salaries and perks. At American Motors, my dad cut his pay and that of his executive team, he bought stock in the company, and he went out to factories to talk to workers directly. Get rid of the planes, the executive dining rooms — all the symbols that breed resentment among the hundreds of thousands who will also be sacrificing to keep the companies afloat.

However, when freak boy writes stuff like this here:

The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.

Yeah, let’s kick all the fucking retirees to the damned curb, let’s get rid of all the fucking unions and let the god damn workers work for minimum wages and not give the middle class to have a chance to have a piece of the American dream. All the while the big three make all the damn money and we the middle class American worker gets screwed. Two Words Romney; fuck you! 😡

Classic Madison Avenue, snobby nosed, fiscal Conservatism, the classic Republican attitude of, “I’ve got mine and screw you.”

That mother fucker Romney had better not run in fucking 2012, he wouldn’t get fucking vote one, at least not from this Moderate Libertarian Conservative, not at all. It just so happens that if the big three here in Detroit crash, the whole fucking area will collapse. But that mother fucking Madison Avenue asshole doesn’t care, he’s got his fucking millions. So, it will not affect him.

The State of Michigan has been in recession since around 2001 or so. unemployment is though damned roof, if we let these companies fail, which they will do, if we do not bail them out. If that happens, the economy will go into a full blown nose-dive and this area will become another damned Russia, people will leave in mass and there will be massive bread-lines, it will make for an horrific event.

But the fucking asshole Madison Avenue Conservatives could give a fuck less, they’ve got theirs. Which is why I could never, ever call myself a fucking Republican, Ever!

I am not a fan of Nationalizing of anything, but we’ll prop banks up, and keep the wealthy rich, but to hell with the middle class auto worker. What idiotic bullshit! 😡

Some people, like Mormon freak boy Mitt Romney ought to be seen and not heard. Period!

It is official: Ed Morrissey is a tool

I’ve held my tongue long enough.

It is official in my book. Ed Morrissey is nothing more than a Republican tool. Not to mention a Neo-Conservative, Pope-Worshiping tool.

I just got done reading Ed’s rather idiotic ramblings about how we should just allow Detroit’s big three to drop dead and die.

You see, there’s a small problem with that, My Dad was employed by G.M.; He’s retired now; and when you insult G.M., The UAW, and the workers at G.M., you are insulting my Father. The last time some ignorant son-of-bitch insulted my Dad to my face; I ended up breaking his collar bone, in three places, cracked about 5 of his ribs and broke about 5 of his front teeth. Oh yeah, I was that angry. 😡

My Father and I, we’ve had our disagreements in the past and there’s been times, when he’s really ticked me off, but you let someone badmouth my Dad and it’s on. It’s a southern thing, and I highly doubt that you damned Yankees would even understand it at all. Politics is one thing, but family’s another and Ed just crossed into the “Fuck off and Die” category with me, when he took occasion to basically say that my Father and all of the Father’s at General Motors, Ford and Chrysler were nothing but pieces of shit. Yes, I am taking it personally.

I guess I’ll use this opportunity to say this publicly, I won’t be returning to Ed’s daily show. Because you see, when you insult my father, I tend to take that a bit personally and it tends to make me a little angry. No, let me rephrase that, that makes me a whole bunch of angry.

There was a period, when I thought that Ed Morrissey was one of the more level-headed Conservatives, needless to say, I was very wrong in that estimation of him. The truth is, Ed’s nothing more than your a-typical “well to do” Conservative, who’s attitude is “I’ve got mine and screw you” attitude, which is so-typical of your Republicans and most Conservatives. Much like that slant-eyed bitch that he works for.

So, Ed, if you happen to read this…. On the behalf of my Father and Family, who also worked for G.M….. two words fat boy, fuck you and the fucking horse you rode in on, asshole.

Iraq Quietly Fires Fraud Monitors

Something tells me that this is going to be a challenge for the next Administration.

The New York Times is reporting:

The government of Prime Minister Nuri Kamal al-Maliki is systematically dismissing Iraqi oversight officials, who were installed to fight corruption in Iraqi ministries by order of the American occupation administration, which had hoped to bring Western standards of accountability to the notoriously opaque and graft-ridden bureaucracy here.
The dismissals, which were confirmed by senior Iraqi and American government officials on Sunday and Monday, have come as estimates of official Iraqi corruption have soared. One Iraqi former chief investigator recently testified before Congress that $13 billion in reconstruction funds from the United States had been lost to fraud, embezzlement, theft and waste by Iraqi government officials.
The moves have not been publicly announced by Mr. Maliki’s government, but word of them has begun to circulate through the layers of Iraqi bureaucracy as Parliament prepares to vote on a long-awaited security agreement.
That pact sets the terms for continued American presence here after the United Nations mandate expires Dec. 31, but also amounts to a framework for a steady reduction in that presence. Such a change will undoubtedly lessen American oversight of Iraqi institutions.
While some Iraqi officials defended the dismissals, saying there had been no political motivation, others pointed to the secrecy involved as supporting their view that those removed had lost their posts without good cause. Each of Iraq’s 30 cabinet-level ministries has one inspector general. These oversight officials are supported by varying budgets and staffing. – Read the Rest

As much as I would like to say that this is the first I have heard of this, it is not. CNN did an investigative piece on the corruption in Iraq a good long while back.

As a Paleo-Conservative, who felt that going into Iraq was not a very smart idea, and as someone who now is aware that the intelligence that United States had as a case to go into Iraq was in fact flawed; I believe that the smartest thing that the United States can do as this point is, leave well enough alone. Because at this point, intervening in a situation such as this, can could cause more harm that good. It would be viewed by the Iraqi Government and to the people of Iraq, as the United States meddling in the affairs of the Iraqi Government. Let the Iraqi Government handle their own internal affairs.

Because honestly, it would reek of hypocrisy, if we began to meddle in the affairs of their internal Government, after all, we have corruption in our Government and you do not see Great Britain meddling in our affairs, do you? Of course not; So the United States should do likewise. One of the worst mistakes and utter missteps that this Nation ever made, was when we started becoming the Policeman of the World. This happened in World War I, which led to the actions that caused Japan to bomb Pearl Harbor, which lead to World War 2. This happened in Korea, and in Vietnam. It happened in the first gulf war and now in the second Iraq War. My question to my readers is this, when will the United States finally wake up and realize that they need to stop trying to not only rule their own country, but others as well. Until that happens, we will continue to have wars, that have no legal merit.

It is truly a sad commentary on the United States, but it is a true one, unless of course, you are some sort of Pro-War Neo-Conservative shill.

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Blogs for Borders for 10/27/08

From my friends over at Freedomfolks.com:

The weekly vlog/podcast on illegal immigration and border security. In this weeks edition…

The shadow campaign? Did you know there is another whole election campaign going on right under your nose? In another language?

Is America Balkanizing? We take a look.

100% Preventable! Americans continue to pay the bloody price for open borders. In this edition elderly Americans are preyed on by an illegal alien while a previously deported drug dealer shoots two NYC cops! When will the madness end?

Download for your Ipod here.

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This has been the Blogs For Borders Video Blogburst. The Blogs For Borders Blogroll is dedicated to American sovereignty, border security and a sane immigration policy. If you’d like to join find out how right here.

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Blogs 4 Borders! 09/29/08

I missed this on Monday. Hopefully I will remember next week….

Our weekly vlog/podcast on illegal immigration and border security. In this weeks edition…

Vigilance Dispatch: Everyone is talking about the massive bailouts. How has illegal immigration fed into the financial crisis that Washington plans to fix using our taxpayer dollars?

100% Preventable! Americans continue to pay the bloody price for open borders, when will the madness end?

Blogs For Borders 09/29/08

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