Wednesday, April 29, 2009

Hurry Up And Say You're Sorry!

We have to kiss and make up!

The little North Korean munchkin, Kim Jung-il, has decided that if he does not get an apology from the United Nations that he will go forward with his weapons test and nuclear arms development. Now why does this not strike me as being odd. First Lil Kim tells the U.N. and the U.S. to 'f' off when it came to the launching of his failed satellite. Now he wants the same group to apologize for issuing non-enforceable security council sanctions against his country. Does this boy have a mental problem or what?

Obama's big test came on April 5th, when North Korea not only defied the U.N. but the mighty U.S. and launched its missile test over the Pacific. Kim Jung-il said that his country was launching a satellite into orbit. I guess he wanted it to orbit the bottom of the Pacific ocean as that is where it splashed down. Looky at the all the pretty fishy! Obama failed his first tactical test and went running to the U.N. Security Council which could not come to any conclusion at that time. President B-Rock was on his European Tour at the time and issued this statement:

"With this provocative act, North Korea has ignored it's international obligations, rejected unequivocal calls for restraint, and further isolated itself from the community of nations."

Harsh words coming from the leader of the Free World. But empty words all the same. North Korea held up its open hand with all five fingers and folded down two fingers on each side to show the world what it thought of the U.S. and the U.N. But now he wants an apology from the U.N. I can't figure it out. His only reason would be to get in on B-Rock's apologetic tour and get him to issue said apology to the people of North Korea. Since the United States was arrogant in trying to keep nuclear weapons and long-range missiles away from a despot like Kim Jung-il. Hmmm go figure.

This knucklehead conducted an atomic-test blast in 2006. Our military thinks he has enough plutonium to produce about six nuclear bombs but has not figured out how to make a warhead small enough to place on a missile. Unless we have bad intelligence I think they need to reassess that notion. Why the long-range missile test earlier this month? Gotta see if it can fly the distance before placing its true payload on it.

This is a situation that our President should be all over. Not outsourcing it to the United Nations. We see all too well what happens when we get this America hating group involved in policing despots. Just look at Dafur, Somalia, Rwanda, Iraq (under Hussein), Iran's nuclear quest and the plight of Islamic women in Islamic and Arabic countries. They are powerless yet the only countries that insist on abiding by its rules are Western nations which include the United States.

So I would assume that Kim Jung-il will get his apology. But it will not be from the United Nations but from President B-Rock. He has to make certain that we are weakened and apologetic to every nation that we have offended over the years. Never mind that our soldiers have sacrificed and died for many of these same countries. So go ahead Barack. Issue another apology. You can do it on your 4th prime time broadcast tonight.

That's my word! Please post yours!

Here We Go Again. This Time It's Citigroup

The last time I blogged about bonuses it was in defense of those being paid to the employees and managers of American International Group, AIG. Now Citigroup, which is a holding company as well, is now going to ask Big Daddy if they can pay out bonuses to keep some key personnel. Big Daddy owns a 36% stake in Citigroup. So he can decide if Citigroup can pay any additional money out to key people.

Get ready for some hand wrangling and teeth gnashing from congress and the white house on this. The problem is that Citigroup needs to keep its key people in its energy-trading unit, Phibro, to continue to go forward and emerge from their current fiscal problems. The employees in this unit are threatening to leave because of the paycaps that were instituted under the bailout rules. Phibro has contributed hundreds of millions of dollars in profits to the bank.

The CEO of Citi, Vikram Pandit, should have sounded the alarm early on and not sat idly by while he was forced to agree to the government terms of operations to accept bailout funding. He was not alone in this. All of the chief executives of the banks should have been more vocal in their demands. But I guess beggars can't be choosers! All the banks knew that they would have a brain drain of their key people if they could not pay them market rates and bonuses. Now Pandit wants to provide stock-based bonuses for these people to keep them from jumping ship. This stock will vest over three years. Well, I say good luck to that. With your stock price hovering around $3 per share and losing over 95% of its value since 2007 I would rather you pay me with Mega Millions Lottery game tickets.

Citigroup has been operating like germs in a petri dish. Under the microscope and constant observation. These bonuses are needed to raise the morale of a group that are being demoralized by working for the government. When you work for the government you are told that you will toil all day and all night for pittance. You will like it and you will not ask for more because you have a job, be thankful. But for the employees that must work under these conditions if you see the light, go into it. Leave on your terms. Do not bank on the idea that Citigroup can change the mind of the Treasury Department or the President.

The government should help but Obama is a man of polling approval. The vast populace of the country often does not understand bonuses and how they are achieved or paid. They have wealth envy and think that these guys make enough already. The polls will say that Americans are opposed to paying any bonuses and Obama will force Geithner to tell Citigroup, No go!

Bonuses are always a good thing when paid for the right reasons. Have key levers attached and measurements to show that they were achieved and the company does what it is suppose to do and that is pay them when they are achieved. Our banks are becoming Nationalized and the brain drain will continue. The best and the brightest will go work somewhere else but not for these U.S. Banks.

Those are my Words! Please post Yours!

Tuesday, April 28, 2009

"Lie To Me" and "American Idol" Trump Obama 100 Days

Our distinguished president thinks so highly of himself that he continues to find it necessary to interrupt our regularly schedule television broadcasts to see and hear him speak. Fox network was forced to alter its airing of American Idol several weeks ago in order that the president's prime time news conference be televised. They did this with great reservations. As you know all the networks carry a presidential address and there are no commercial interruptions thus no revenue generated. So airing these pressers cost the networks valuable time and money.

Now it is happening again but the line in the sand has been drawn. According to Yahoo News, Fox will not televise the president's news conference on Wednesday. Fox will instead go ahead with its normal broadcast of "Lie To Me" and "American Idol." The news conference, ironically, coincides with the first 100 days of Obamanation. Boy does this guy love to see and hear himself speak! This is part of sweeps week and ratings are everything for broadcasters. Fox will alert viewers looking for this 4th prime time address to Fox News Channel and Fox Business News.

Could there be some chinks in the armor of the Obama mass hysteria media team? One would like to think so. But ABC, NBC and CBS will air it as per the request but they can't compete against "American Idol" anyway. The question has to be asked though. Why does this president find it necessary to keep giving press conferences as frequently as he does? I have not researched it but I just do not remember any other president appearing this often on television as much as this guy has.

Here's what you can expect from this Wednesday's presser from Big "O". More of the same. More of the blame. We should all get our "bulls*@t bingo" cards ready to play. Here are just a few key words for the cards that will be read from the teleprompter:

Transparency, fairness, tough economic times, 8 years of failed...,shovel ready jobs, green jobs, renewable energy, our first 100 days, tax cut for 95%, crushing health care costs, bi-partisanship, wasteful, prosperity, create jobs. I think you get the picture!

Hopefully his speech will go better than the one today when he got ahead of the teleprompter and asked for a roll up. He could have easily made himself look sincere by adding his usual dramatic pauses, uhm and ahh. But that would not be great speech reading.

So get ready for your monthly dose of Big"O" on prime time television. I wonder if any of the other networks are ready to say, "its tough out here and we need every bit of revenue we can get during these hours and I would prefer not to air your non money making dribble." This is your 4th prime time address. We heard you the first three times. It is always the same. Give us something new.

We will have to wait and see if there is any backlash at Fox for not bringing this address during prime time as requested.

That's my Word! Please post yours!