Is this Economic Upheaval sign of a new industrial evolution?

Dear Mr President Obama:

Few pennies for my thought … Are we trying to save industries and institutions that may have very much an outdated mode of operations? Are we trying to pump more money and capital resources into something that may need to strongly evolve in order to morph into something better?

We are pumping money into companies that were not careful with the money they were managing and then:
  • We cry foul when AIG executives write themselves hefty bonus checks. 
  • We want to write checks for the banks – BANKS! Banks that are supposed to be super conservative with MONEY! They are the banks! Does that seem insane? 
  • What about the car companies? As public we know that the car companies need to evolve in producing higher quality cars cheaper to be competitive in the global markets

There must be very smart analysts on your team that can do a WHAT-IF analysis to see:

1- What if we let AIG fall?
2- What if we let BANKS go through their evolution and see what the remaining survivors do with the industry?
3- What if we let CAR companies go through their evolution and see what the remaining survivors do with the industry?

These statements are quite controversial and there are human and emotional elements to these statements and analysis. The government should step in and help the unemployed and the effected to keep our consumer-based economy going. This will be very hard and will have global impact but keeping on pumping capital and keep on money-printing presses may just delay the fate these industries might be destined to. It may make sense to fail for the greater good.

In my humble opinion, you should consider these points.

Red Cross Shelters Hundreds as Flood Waters Threaten

TO Sabirism.com Fans: Please donate through RED CROSS.  Thanks.

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FROM RED CROSS:

Sunday, March 29, 2009 — The American Red Cross is now focusing its operations in North Dakota and Minnesota on sheltering families displaced by the Red River’s record rise and offering around-the-clock feeding to volunteers who are still filling sandbags.  Though the river appears to have crested, fears remain that waters could rise again later in the week as additional snowfall melts.  Breaches in the levels are also possible, and Red Cross mobile feeding units are supporting the teams who are inspecting the walls of sandbags protecting the area.  The National Weather Service reports water levels could remain high for at least eight more days.

“Our supplies and workers already have been on the ground in North Dakota and Minnesota for a week, but we are getting ready for the long haul,” said Joe Becker, senior vice president of disaster services for the Red Cross “Our President, Gail McGovern, has pledged that we will be here for as long as it takes.” 

Residents who may be affected by the flooding should register on the Red Cross Safe and Well Website atwww.redcross.org.  Those without internet access can call 1-800-RED CROSS (1-800-733-2767) to register.  A trusted friend or loved one can also register evacuees on the site. 

The Red Cross encourages evacuees to bring any prescription and emergency medication, extra clothing, pillows, blankets, hygiene supplies, important documents and other comfort items.  Don’t forget special items for children and infants such as diapers, formulas and toys, along with special items for family members who are elderly or disabled. 

The Red Cross has opened six shelters and have provided well over 630 overnight stays to date.  Nearly 700 Red Cross disaster volunteers have worked in the area, helping share more than 38 thousand meals and nearly 110 thousand snacks to evacuated families and emergency workers.  Thirty-four Emergency Response Vehicles (ERVs) are providing mobile feeding and more are on the way.  More than 50,000 ready-to-eat meals are already on site, and mobile kitchens are deploying with a capacity of serving 15,000 meals a day.

Even as the Red Cross is assisting the residents of North Dakota and Minnesota, severe spring weather is also hammering other parts of the country, and Red Cross is providing help to people in those areas as well.  Nine counties in Mississippi were previously hit with heavy rain, high winds and tornadoes.  A major spring snowstorm buried parts of Colorado and Wyoming under more than a foot of snow last week, and heavy snow has struck Oklahoma, Kansas, Michigan and the Ohio Valley.  Red Cross has shelters open to help people stranded by the snow and Disaster Action Teams are on the scene in Mississippi.

Help people affected by disasters like the recent flooding and winter storms, by donating to the American Red Cross Disaster Relief Fund. On those rare occasions when donations exceed Red Cross expenses for a specific disaster, contributions are used to prepare for and serve victims of other disasters. Your gift enables the Red Cross to provide shelter, food, counseling and other assistance to victims of all disasters. Call 1-800-RED-CROSS (1-800-733-2767) or 1-800-257-7575 (Spanish). Contributions to the Disaster Relief Fund may be sent to your local American Red Cross chapter or to the American Red Cross, P. O. Box 37243, Washington, DC 20013. Internet users can make a secure online contribution by visiting www.redcross.org.

Former President Bush Makes Fun of Himself (Really)

On a lighter note … Here is Wendy Liebman on Letterman – Enjoy the skit.

To Communicate or Not to Communicate – That’s the Question!

Obama_portrait_146pxI watched the Presidential Conference Tuesday night and one of the press people asked President Obama why he took 2-3 days to come out with a certain fact. And Mr Obama responded with an awesome answer: "I wanted to have all my facts before I spoke."

The media people need to make up their mind … We let former President Bush not communicate with the public and hide any and all facts for just about anything. 

We have a very smart President in the office. One that needs to be respected – not only has he made history by becoming our first african american president to show the world we have moved on from a racially divided society but also inherited one of the largest economic messes in the history of mankind. Instead of distracting him with non-sensical stupidities, lets try to concentrate on valid and serious questions to ask. I strongly believe that this president will respond to the question with the right answer or get the answer and then answer to the people.

We are in a big mess right now – and our president needs our utmost support – from individuals to corporations to get us out of this mess. And I agree with him that we are so steep and deep into this mess due to neglect of the past 10 years that it'll take several rounds of economic stimulus injections into this economy to get it out this deep mess. The comment about the 10-years is not limited to Mr Bush – Mr Clinton has had some hand in it too in his last 18 months in the office where the dot com bubble bursted and he literally did not do anything. And then Mr Bush took over and he did not address the economy issue and we went from dot com bubble to "over-leveraging" bubble of the real estate market.

So, media people – lets not try to make news – you did a lot of that in the past 10 years. Try to report facts so that we can get out of this economic mess as soon as possible.
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