12 Responses to “Branding Run Amok: Example 1,001”
Yea, FBN is really out there, an interview, wow. Did you ever notice or put up a topic about CNBC when Huffington and Dean are GUEST HOSTS for 3 hours both multiple times. Both are semi- socialists, never saw a business they liked, never saw a tax that they did not support and probably have never worked in a for profit business in their entire lives. Some business experts, ha. They don’t have a clue when it comes to business. Total politics all around but the double standards abound.
PS: Paul is sponsoring a bill to audit the fed. The results of an audit like that will shed allot of light on governments incestuous relationship with business. I’d like to hear more on that topic.
Maybe out of the three anchors sitting there staring at a screen with Paul’s face on it, one of them would have thought to ask him about that business-related bill. Nope. Afghanistan. On a business channel. From a network that already has a place to talk about Afghanistan 24 hours a day, 7 days a week.
Did you get any good stock tips Joe? Sell Comcast, I hear they are about to take on a real looser.
The government rescue of the GM “unions” sure seems to be working out real well. Their share is plummeting and they are re-arranging the deck chairs again on the titanic again. On the other hand, private enterprise Ford is moven on up. GM is screwed with the government eggheads holding total power over management. Should of gone chapter 7 and Ford and a few new private enterprises would of pick up the pieces and be thriving about now. You’d think we would have learned from the Soviets and the Chinese that government run enterprises don’t respond to consumer demand. They respond to political priorities and subsidies.
CNBC cohost Dr Dean’s business knowledge and healthcare knowledge has led him to recommend the VA “socialist” (his words) hospital model as the way to go for our entire country. He says it’s the best hospital. Al, what’s your opinion about VA vs. private hospitals. Where would you send your patients? Of course we may not have that type of choice 5 years from now if this HC bill goes through. Do any folks from Canada request to be operated on in a VA hospital? I seriously doubt it.
GM’s problems having nothing to do with the government’s involvement, and Ford’s (relative) success has nothing to do with lack of same. One was simply a better run company 5 years ago, and still is today. Both rise and fall on product; the fact that Ford delivered the retro Mustang 5 years before Chevy finally got around to the New Camaro tells you all you need to know about their business models.
GM had too many brands selling too many mediocre cars, relying entirely on pickups and SUVs until the bitter end. Actually, Ford’s current success with cars is partially a fluke. The best-selling vehicle in America for several years was the Ford Explorer SUV…until they started blowing tires and killing people. Ford was forced earlier on to focus on cars as a result.
I appreciate your POV about government involvement in GM from an ideological standpoint, but in this case, the divergent trajectories of Ford and GM are unrelated to it.
Yea, if you say so Joe.
I guess that’s why the government did such a great job taking over Penn central in the 70′s and running Amtrak to this day. Billions in deficits!
Have you started happy hour already? Just kidding.
L&J, I’m not arguing for or against government involvement with GM. I’m merely telling you something I know a hell of a lot about, the auto industry. GM’s problems stem from decades of mismanagement, combined with a pay scale that provided a real middle class for their workers, while Japan out-qualitied and under-priced them with robots and cheap labor. Anyone that thinks 6 months of ownership by anybody is the reason for their current problems, doesn’t understand the automobile industry.
I agree completely that GM was horribly managed, more over the unions contributed to the problem immensely and this baby deserved a quick death. Ford was obviously in better shape.
My point is that the government takeover of GM is and will make matters worse because they have not let something that has no long term economic viability die a natural death. The unions are a cancer on the company and they are still in essence in charge and its going to kill them. For example, Biden ordered the company to build a plant and start producing Green cars in Maryland, thank you UAW and my constituents. Do you think that was a good market driven/ low cost business decision? You can’t make it up, it’s so dumb. Maryland is a low cost state, not a chance! Will anybody but the warming nuts pay extra for inefficient cars?
Now as an investor, would I ever want to invest in GM bonds when the government just wiped out the previous holders constitutional rights in order to protect the unions? Not a chance. The government is perverting the system and taking the incentives out of the system. The survival of the fittest procures an efficient robust industry that can compete worldwide. Subsidized enterprises just drag us all down the proverbial tube of inefficacy and bad decision making. GM is the king of all subsidized industries. (Same for AIG) The point is short term pain /bankruptcy and liquidation are GOOD for the long term by letting the process of creative destruction work. When a rotten tree falls a new one sprouts. We are headed for a lost decade (of economic growth) making the same mistakes Japan made in the 80’s
L&J, I belong to SEIU. I believe in unions.
I don’t think that’s even accurate, isn’t Paul supposed to be on Morning Meeting tomorrow?
Alin, come again? Ron Paul wasn’t on FBN today because he’ll be on Morning Meeting tomorrow? Ummm…
Didn’t your union boss give an interview where he said seriously.
“Workers of the world unite” ?
Karl Marx lives!
I have a barely passable living wage and health insurance, in a field that rarely provides either, because of SEIU. And if workers don’t unite to demand fair treatment, they struggle and suffer while the CEOs suck up profits. I’ll take the union backup, thankyouverymuch.