The Fable of the Hot Dog Stand

Why would anyone in their right mind think that this Administration is doing the right thing to U.S.Automakers or Corporate America. Recently, the CEO of General Motors was fired by a sitting President of the United States of America. The sad fact is that many, maybe most Americans think the move by President Obama was correct and seeing the blood in the water they wanted more. Many pandering, lazy, fetch and carry, Press Persons, who lick the boot of this administration at every opportunity and prop up every misguided scheme proposed by the despots in DC, are lauding this move.

Not only is the President replacing CEO's, but he is also replacing the Board of Directors with hand picked lackys' that will benefit from the President's largess. He is putting in "a more diverse" group of Directors which translates to people of color which translates to political payback pure and simple. This is aimed at the very people President Obama despises the most, Corporate America. He is appointing people whom he, the President, either doesn't think would ever achieve this station on their own or who's opinions on environmental change are the same as his.

While you can agree diversity in the Board Room is a good thing, you can't throw the baby out with the bath water. Minorities have made amazing strides in business and corporate America in the last half century. Shaking things up at the top of Corporate America may not be a bad thing but not at the expense of losing potential investors. The President is not a CEO or a businessman and maybe his failures in the past have colored his opinion but he is certainly on a path that is destructive to American business.

This is the real truth. When he met with CEO's recently in the White House this conversation reportedly took place:

These are complicated companies,” one CEO said. Offered another: “We’re competing for talent on an international market.”

But President Barack Obama wasn’t in a mood to hear them out. He stopped the conversation, and offered a blunt reminder of the public’s reaction to such explanations. “Be careful how you make those statements, gentlemen. The public isn’t buying that.”

“My administration,” the president added, “is the only thing between you and the pitchforks.”

The experience of the members of any Board of Directors and CEO's is how stockholders and investors gauge a company. Even if the people he appoints have been on Boards before they won't know their investors or the company as well as the current Boards do. It started with just one Company and now Tim Giethner and the President want to do more of this kind of thing at the cost of dismantling the entire American economy, this in the worst business environment of our lifetimes.

It doesn't make sense so let me leave you with with this little fable:

Pretend you own a chain of hotdog stands and you sell the best all-beef hotdog in the world. Today the Government tells you, "you have to sell only hot dogs made with wagu beef (the most expensive beef in the world at about $120.00 a pound)." Now your hotdogs, as good as they are, are too expensive for anyone to buy, so you have to lay off some of your hot dog stand pushers, but their union won't let you fire them. Now you're broke so you go to Uncle Sam and ask him for a bailout. Uncle Sam says "sure, but your fired," He then replaces you with a stooge and the cart pushers with hand picked sycophants loyal to him and who's loyalty is now being rewarded.

Uncle Sam now runs the Hot Dog stands

and he guarantees every bite.

Too bad no ones buyin' it!