USS Enterprise

This is a time warp piece back to the days of old back in World War II. I happen to love the History Channel and today they had a non stop running of Battle 360 and it covered the battles that the carrier U.S.S. Enterprise encountered in the Pacific against the Japanese during WWII. If there was ever a symbol more worthy of the American people it was this ship against the original Axis.

Those guys went through hell more than once. If you are reading this and you are a veteran of the Enterprise then God bless your heart my friend. Holy crap! From battle after battle the Grey Ghost just wouldn’t give up and at one point she was the only surviving carrier the US Navy had during the Pacific Campaign of WWII. If there is anything that comes close to defining the road trip to hell and back, then these guys can explain it all with graphic personal first hand details.

The Enterprise encountered the best the Japanese had to give and beat them back time and time again. That is a tribute to the American spirit of the time and a testimony that many should hear. These men refused to give up and they gave it their all to defend what was right and wrong in the world. Even against overwhelming force they stood and fought and persevered. It was an amazing time and in it we can all take a serious lesson in our lives today. Regardless of all the crap thrown at you at any point in your life, somebody faced a much more dire set of circumstances than we will ever think possible, and they survived to tell the world about it.

Times are tough but times are changing for the better. Things are starting to turn around in the banking industry, stocks and confidence in them shows that. Housing starts are starting to turn the corner and the refinancing of existing homes is turning a page for the better.

Now is the time for people to stop listening to the doom and gloom media and think that it is actually possible that America can survive and get past the current economic crisis. While everyone on the news is spouting more gloom and doom you don’t hear crap about the success stories during this difficult time. Something like General Motors saying that they believe that they will be okay after bankruptcy court. Or the fact that many people able to purchase an existing home from the distressed real-estate market will be launching into home repairs, renovations, upgrades, and out right rebuilds of the existing homes all across America. Then of course it is a must to mention all the folks that still have a job, still pay their bills and pay their mortgages on time as well.

All is not lost, the ship that is the American economy is still able to tread water and make headway. We just can’t barrel ahead at 25 knots and we all need to accept the fact that we have to fix the ship and know that our battle in this economic crisis only acceptable outcome is victory. Just like in WWII, we can fix this and make it seaworthy once more to make her ready for battle on the frontline again. But we can do better. We can make her torpedo proof, make her capable of defending herself, and we can make her survive the long fight ahead of us all. All that we have to do is give her a crew worthy of the sacrifice.

Thank you Enterprise and all that served on her then and now for your courage and your service. Your history and your ship earned a respect unequaled by many and wothy of many more tributes. I just hope that the America of today can live up to your courage in the face of total aniliation and see that survival is possible and you can come back to fight another day.

Papamoka

Detroit Bailout Terms from Reid and Pelosi

It makes sense that Detroit and the big three need to change their business plan if Washington is going to bail them out. Today Senate President Harry Reid and Speaker of the House served up the terms for any bailout loan. It would not make sense to just hand out a blank check to the big three without preconditions.

It also makes perfect sense that the Congress can not let these three key corporations fail when they are so heavily interwoven in the American manufacturing economy. Given the fact that many companies all across America rely on the big three as their main customers, the Congress can not kick the stool out from under them and let them hang in the bankruptcy courts. If they did collapse in bankruptcy it would be a rush on the courts to file bankruptcy by thousands of companies all across America when they are forced to eat the big three’s simple business mistakes.

Over at the Washington Post they have this at The Ticker on the terms of the Reid and Pelosi terms…

Congressional leaders gave automakers a list of promises that must be made in writing by Dec. 2 so Congress can come back for a second lame-duck session on Dec. 8 to consider the loans.

Here is what Congress needs from Detroit before it will release any loans:

-- A "forthright, documented assessment" of the Big Three's cash position, short-term liquidity needs and plans to meet their financing needs.

-- Estimates of how much money Detroit needs based on auto sales at current, better and worse levels.

-- "Transparency and accountability," including balance-sheet reporting to the government.

-- A promise to pay the government loans back before loans the Big Three has secured from private lenders.

-- The provision of sweeteners to taxpayers in the form of warrants or other mechanisms.

-- A promise to bar the payment of dividends to shareholders and "excessive compensation, including bonuses and golden parachutes." (Note the lack of a concrete figures on bonus and salary limits; this will provide automakers with some wiggle room to retain key executives.)

-- Proposals to continue paying health care and pension obligations.

-- A demonstration that the Big Three will be able to hit fuel-efficiency standards set for by Congress last year and "and become a long-term global leader in the production of energy-efficient advanced technology vehicles." (Again, wiggle room.)

-- An agreement that the government loans will be immediately callable if Congress's requirements are not met.

Washington Post and The Ticker

Congress is going to give this loan to the big three and the terms will be met. Congress does not have a choice when the tentacles of the business the auto industry is in reaches so far and deep into our economy. If you think it will not pass then you don’t have a clue as to how far and wide these three businesses reach.

Keep the pressure on and save good paying American jobs! Call your Senator and Congressional member. Email them, write letters, and just be a pain in the butt to save your neighbors jobs.

Papamoka

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