Self Destruction

My background is aviation, from General Aviation to Corporate with a short stint in Commercial.  I have been laid off several time during the last 35 years and survived each time.

I have also been a small business owner with a business that failed.  As a conseqence we have 3 mortgages that we have to pay.  I understand a failed business.  I understand being out of work.

During our local news broadcast tonight a story was broadcast that the local GM factory may be closing.  The owner of a local restaurant/bar was interviewed and she proclaimed “I hope the bailout goes through”

Sorry, I AM sympathic, but this is a perfect example of “penny wise, pound foolish” or, at least, shortsightedness.  Hey, you start a business, you take your chances.  If all your eggs are in the basket labeled “auto worker customers” and the auto workers get laid off, you have no one to blame but yourself…..bad planning in the long run.  Geez, she didn’t think AUTO WORKERS get laid off?

The alternative is to nationalize as much as we can to minimize the losses…..

Wonder how her business will be then….

See previous post…………