Noam Chomsky on Democracy Now!

Speaking of Bail-outs and Nautical Allusions...

A Japanese company (Toyota) and an American company (Ford Motors) decided to have a canoe race on the Missouri River. Both teams practiced long and hard to reach their peak performance before the race.

On the big day, the Japanese won by a mile.

The Americans, very discouraged and depressed, decided to investigate the reason for the crushing defeat. A management team made up of senior management was formed to investigate and recommend appropriate action.

Their conclusion was the Japanese had 8 people rowing and 1 person steering, while the American team had 7 people steering and 2 people rowing.

Feeling a deeper study was in order, American management hired a consulting company and paid them a large amount of money for a second opinion.

They advised, of course, that too many people were steering the boat, while not enough people were rowing.

Not sure of how to utilize that information, but wanting to prevent another loss to the Japanese, the rowing team's management structure was totally reorganized to 4 steering supervisors, 2 area steering superintendents and 1 assistant superintendent steering manager.

They also implemented a new performance system that would give the 2 people rowing the boat greater incentive to work harder. It was called the 'Rowing Team Quality First Program,' with meetings, dinners and free pens for the rowers. There was discussion of getting new paddles, canoes and other equipment, extra vacation days for practices and bonuses. The pension program was trimmed to 'equal the competition' and some of the resultant savings were channeled into morale-boosting programs and teamwork posters.

The next year the Japanese won by two miles.

Humiliated, the American management laid off one rower, halted development of a new canoe, sold all the paddles, and canceled all capital investments for new equipment. The money saved was distributed to the Senior Executives as bonuses.

The next year, try as he might, the lone designated rower was unable to even finish the race (having no paddles,) so he was laid off for unacceptable performance, all canoe equipment was sold and the next year's racing team was out-sourced to India.

Sadly, the End.

Here's something else to think about: Ford has spent the last thirty years moving all its factories out of the US, claiming they can't make money paying American wages.

TOYOTA has spent the last thirty years building more than a dozen plants inside the US. The last quarter's results:

TOYOTA makes 4 billion in profits while Ford racked up 9 billion in losses.

Ford folks are still scratching their heads, and collecting bonuses...

IF THIS WEREN'T SO TRUE IT MIGHT BE FUNNY

Thanks to David Chard of www.deadhorses.org

Bail-outs and other nautical allusions

All this talk about 'bail-outs' is begging the real issue.
Bail-outs are a total waste of reserves if the hole in the boat is not being repaired. What is being done to right the ship of state and the correct the course of the economy?
The citizens of the US are simply expected to float billions in loans to the Big 3 and the Wall Street scoundrels - billions which are not in the Treasury - which are never meant to be paid back and for which no account will be demanded.
If hope for our economy is based on the magnanimity, honesty and fair-mindedness of corporate leaders, we are sunk. It would be better to scuttle this ship and let the rats drown.

Free Trade? Tell me another one...

It's not just an oxymoron and chimeric fiction; it's a criminal economic policy.

Ask the indigenous peoples of Colombia who, with sticks, stones and slingshots, are currently battling the military and para-military forces there in a valiant effort to wrest control of their lands from multi-national corporations. Ask the Bolivians who fought Bechtel and won the clear and simple human right to drink freely from their own water supply without paying an international conglomerate for it. Ask the millions of people who have been forced to work for pennies a day in the prison-like industrial compounds found in nearly every Third World country.

Now, the Free Trade pigeons have come home to roost in the USA with the continuing loss of jobs and the egregious 'bail-out' of the investment banking giants to the tune of whatever astronomic dollar amount Secretary Paulson can rattle off the top his head.

'Free Trade' is only free if you totally disregard what it costs those who are enslaved by it.

Chomsky Weighs in on Bail-out

Here's what I've been waiting to read:
http://www.informationclearinghouse.info/article20992.htm