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Wednesday, June 03, 2009
Roger Schlesinger :: Townhall.com Columnist
Saving the Buggy Whip Industry
by Roger Schlesinger
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Was the Copenhagen Global Warming Summit Walk-Out a Win for the U.S.?


The possibilities are endless when you're out to rescue that which is important to this nation.

I am only sorry we didn't have this national philosophy when there were some important, historic concepts that could have been preserved. History could have been kept alive instead of relegated to the dry books that are the hallmarks of libraries and places of public importance. Topping my list is the Pony Express, which remains first and foremost in the history of the western United States, regardless of the fact that it was in business for just about a year. We could have had horse paths right along the freeway with appropriate feeding stations at various on-ramps. The cost would be less than a night at the restaurant and Broadway play taken in by the first couple last weekend. Now that is what I call putting it in perspective!

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I bemoan the death knell of the Helms Bakery delivery that was a major joy of my youth.

In Southern California these brave Helms drivers toured the streets of most neighborhoods in a squat yellow truck that carried bread, cakes, cookies and other baked delights. They signaled you with a three or four valve whistle and everyone delighted in the fresh home delivery. One day they were gone, and the Helms Bakery became the Antique Guild.

There is no doubt in my mind that the trucks were the forerunner of the Smart Car and the concept was the beginning of fast food restaurants. I know they sold corn bread, so they could have converted that delight to ethanol and had the first green delivery. The whole concept could have been kept for less than a year's salary of the vice president's speech writer. The Helms whistle sounded better, the aroma was hands down the winner and the products went down easier than his speeches.

I am just warming up, but because of time and space, I look to other good deeds that must not be left undone in today's business environment. Forget the buggy whip industry, it's too late, but what about the U.S. Post Office? How are we going to save them? They are laying off workers (can't be counted in jobs saved or created) and raising prices of stamps and are still projecting about a $2 billion deficit. Email has made the deliverable letter obsolete. Too slow and too costly, even though we do employ a goodly number of Americans who have to go through hardships each and every day delivering the advertising that goes directly from the mail box to the trash barrel. You can't say that isn't productive as it keeps many industries in business: advertising, printing, trash collection etc. On second thought, we cut down nothing to send an email and the man power and destruction of the environment is much too devastating and expensive for letters anyway. Now the question is what can we do with the buildings? Why not set them up as way stations for the Gitmo detainees while they await processing to the myriad of countries lining up to take them?

Now that I have covered the easy stuff, what in the world are we going to do with the gas stations? Now that we are going green, what about the green we are going to need to take care of the problem they present? Sure, they sit on great real estate, prime corners on major streets and boulevards, but that's the good news. The underground tanks certainly spoil the party. Have you any idea what you have to do to the land where a gas station existed? Are there enough prisoners in our jails to dig up all the land (dirt) and replace it with clean, uncontaminated dirt? Do we have enough of the clean dirt (oxymoron) to go around or are we faced with another land grab, not for the awful black gold, but for the actual dirt exchange? No country with any backbone is going to swap our dirt for theirs. We are lucky they are buying our bonds!

Now that bonds have been brought up, it is highly appropriate we discuss them because all that is being done in the name of (multiple choice) progress, solving the recession or bettering the country, really depends on whether we can sell the bonds (see above) at a reasonable rate to our allies. Allies is not a euphemism for Chinese. Sure, we could sell them for a higher rate, but being that the entire financial universe is ruled, rate wise, by the interest rates on these bonds, it isn't in our best interest to pay higher interest at this time.

Freely translated, the house of cards could topple!

Getting to the bottom line, as they say in most business circles, the $50 billion going to the old General Motors, NE: Government Motors, can simply collapse the shaky improvement in this economy by increasing the interest rates on the treasury notes and bonds, which would increase the interest rates on the mortgage backed bonds, which would raise home mortgage interest, slow sales of new and existing homes, and without missing a beat, send this economy into a new tailspin.

Maybe, just maybe, since we let so many other worthy candidates for redemption from the ravages of the business cycle be, perhaps we should have let this particular entity "go it alone." After all, 50 years of poor design and construction is an enviable record that shouldn't be tarnished with a few mediocre years before total failure. I am not the lead man for these decisions, but why would we risk a return to sensibility in the real estate market, which shows signs of happening, which could be the bedrock of the future vibrant economy for these sorrowful companies. I think the answer might be the plural of the opposite of the confederacy.

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About The Author

Roger Schlesinger's Mortgage Minute is heard on hundreds of radio stations and daily on the Hugh Hewitt radio show and Michael Medved shows. Roger interacts with his hosts and explores the complicated financial markets in order to enlighten his listeners and direct them along their own unique road to financial freedom.

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I was in the Post Office
yesterday in a line that lasted 45 mins. because only two of the five *windows* were open and one *agent*? clerk? was busy the entire time with an elderly gentleman who had to be walked through his mailing of a dozen various packages to who knows where.

The second servant of us all kept leaving her station to go into the great maw behind the desks to look for papers and whatevers.

The air conditioning wasn't on, and it was only around 70 outside, but without windows and air circulation and nearly 20 people in line, the place was overheated and stinking.

Just, think, that could be our health care system.

The gov't cannot run the Post Office (something it has hundreds of years exp. with), can't make Amtrak profitable (and now people want to ride the trains), and will let GM and Chrysler become money pits with worthless products.

Couldn't happen to a better group, the ever perfect libs.

Noithing left to do
It's evident that soon there'll be nothing left for employees of the the post office to do.

Times are achanging, that much is clear.

But let's keep the gas stations around for awhile; I don't intend to ever get rid of my gasoline driven four wheel drive Ford pickup in favor of one of these under-powered over-grown golf carts that the Greenies & BHO propose. Just imagine attemping to drive through deep snow in a golf cart. I'm in no hurry to attempt that. Not up here at 7,560 feet above sea level, where I live (Southern Colorado), where heavy snows are common in Autumn, Winter & Spring.

Hopefully, all the Greenies will move to more gentle climes, where golfcarts are suitable on the highways, leaving a four season climate to those of us who like it.

As they have less to do
As govenment agencies have less to do, they just get bigger. Great Britain used to have a ministry that handled colonial affairs. As the years went on, the ministry only became more expensive and expanded its staff, this in light of the fact that Great Britain was continually losing colonial regions. The ministry was at its most expensive and largest right before it was shut down for lack of anything to do.

That's what will happen with GM. Those dealers have nothing to worry about. As with any government agency, GM will indefinitely expand its employees and dealers until it collapses on itself.

How about ObamaSkates?
Save on fuel and emissions? OK, but here is a hysterical video on all this! http://theblacksphere.blogspot.com/2009/05/govern-motors-n ew-genericus-models.html

Omission
Shouldn't SUVs be on your list along with buggy whips and horse-watering troughs? They use too much of everything and people could get along fine without them (some of us actually raised large families while driving a normal sedan-type car) but townhall has been full of protests that Real Americans will keep their Hummers etc.

To renny
Re Amtrak: In Europe, no matter where you want to go, there is a train going there and probably one departing within the hour. When you get on, you will be assisted by a highly professional conductor who is dead-on familiar with legalities of international border crossings and who speaks several languages. The train itself will be modern, unlike rusty Amtrak. It will travel at a couple of hundred miles an hour, streaking across continents. And if you are on a Swiss train, hot chocolate will be served to you at your seat. Your train will arrive at its destination on time, to the second. If you arrive in a city, it will be at a stunningly modern and well-equipped downtown station. If your destination is up in the mountains or on some distant seashore, your train will be met by a bus or boat whose schedule is articulated with that of the train. EVERYTHING WORKS.

How, you may ask (and with some curiosity if you've been on AMTRAK lately). Because trains there are operated by a partnership of the private sector and "GOVERNMENT", which Europeans don't think is a swear-word.

Train ride
We took a train from the midwest to San Francisco in the 60's. We were only a half day late in arriving. That was when trains were good and comfortable.

Maybe the trains in Switzerland are on time, but we are in the US and they will not be on time, Guaranteed

For a good train ride on time move to Switzerland, heh Lil.

Swiss vs. U.S. trains
I've done a lot of reporting and research on trains over the years, and there are two other important differences between U.S. and European trains.

1.) In Europe, passenger trains have the right-of-way on the tracks. When there is a potential conflict because a train is behind schedule and two trains need the same track at the same time, the cargo train must wait. In the U.S., it's the opposite. (This of course refers only to primary train lines, and not local mass transit systems, although in the New York city area Metro North and Jersey Transit share lines with cargo trains.)

2.) People have a different attitude about public transport here in the U.S. They believe the train (plane, subway, whatever) is obligated to wait for them, schedule be darned. People think if they get to the station late, the train should wait for them to board. And many conductors will. I can't tell you how many times I've sat on a metro North train waiting for a guy to run through the parking lot even though it is time for the train to leave. Two or three minutes at each stop adds up quickly. In Europe, the schedule rules. The train leaves exactly on time. The door will shut directly in your face if you are not on board at departure time. And people are fine with that over there. But try telling an American that he has to be somewhere on time or he will miss out.

So, could U.S. operate like European trains? Absolutely, but not without some major changes to our culture.

About Trains
Once upon a time, a train was the fastest form of transportation with safety and reliability. Of course the trains were competing with horse drawn vehicles.

Today trains are the second fastest way to get from here to there. What is faster? Everything else.

Could they be made better? Of course they could. The trouble is that you have to get people to use them. Even the local metras have to sell tickets at below cost to get the riders to use them.

I have heard a lot of people shill for the trains, but when asked about their use of them reply - I would but...

BTW they still make buggy whips.

Here's the way to stop the parasite
Basically get local and national businesses to write a petition telling Obama and Congress they will go to another country or not hire more workers if he increases taxes and doesn't cut the budget. Parasites need to feed off of something.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAKluP7 yIwJY
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