Do 2 Wrongs make a Right?

Do 2 Stupids make a Smart?

I don’t think so.

Stupid—Big 3 CEOs flying on separate private jets to plead to Congress for taxpayer aid.

Stupider—Congress making a big deal out of how the big 3 CEOs get around. Does Congress have no more value to add than to pick on how CEOs get to a meeting.

Stupiderer—Big 3 CEOs driving to Congress for next meeting. Did these guys education stop at Animal House? Things get bad-- road trip (I hope they stopped at a road house for a little Shama lama ding dong on the way). Really with your business in crisis getting in a car for 10 hours should not be the best use of time.

Stupidererer—Congress demanding that they approve a plan for the auto industry. Aside from telling the auto industry to get rid of their jets I have not seen Congress offer any useful insight which would make me think they could tell a good plan from a turd.

Stupiderererer—Paulsons use of Tarp. Totally ham-fisted. Reactive not proactive.

And Stupidest—Dodd and Frank warning Paulson that they may not approve the next $350 billion for Tarp. Yea that’s a good idea. Let’s make sure we have to be totally reactive—let a big bank or two fail, let FDIC become insolvent then approve the money.

Congress if you want to have value, figure out how to add value. Last check you guys make the laws and control the purse strings. That is pretty powerful. Why don’t you try to do something with all that power? Its very easy to sit in the cheap seats and fault everyone else, and its very risky to try to do something proactive; but it should be obvious right now that the only way things are going to get better any time soon is if you take a risk and do something proactive. Yea it might be a failure, but who knows you might actually do some good. Witch hunts only catch witches and aside from reading Harry Potter to my kid I don’t know many witches.

Ironic moment—Car industry retooling all their plants to go green as oil falls to 5 year lows and $1.00 a gallon gasoline is on the horizon.