First of all, to those just tuning in for the first time, my name is Zuma Dogg, the bamboozle-busting political activist in Los Angeles, shining light on political shadiness. I put my name of the ballot in the recent mayoral election (March 3, 2009) and came in fourth out of a a field of ten candidates, without spending a penny, beating candidates with party endorsements. And I have recently been featured on ABC News NIGHTLINE for my work here inside Los Angeles City Hall as a watch-dogg and local media superstar. ("Public Access Icon" - LA Weekly, 2/09)
Sean Hannity may get a kick out of "Zuma Dogg," but I'm not as hopeful about Bill O'Rielly. But either way, like me or not, TOO BAD. You will find Big ZD is the one that political insiders like to cry to with their spin. And people like to tell me things about political shadiness, the way people like to tell Mike Walker from National Enquirer stuff about Hollywood celebrities. Ask that loser-dummy of a Los Angeles Mayor, Antonio Viagraosa about "Zuma Dogg' or any of his inferior, weak-minded spin-losers that have been powerless to neutralize my PR media attack on Villaraigosa and his spineless puppets that pose as City Council members.
So here is the Senate buzz on Capitol Hill about Obama's auto industry plans as he discussed yesterday, and I hope I am not in too much trouble for blogging this.
[This part is a little choppy, because I had limited time, but wanted to get the info out there. I wasn't going to blog this, it was going to be part of my script for a video. But may as well post it. Butr like a Quenton Tarantino movie, it pulls together at the end.]
General Motors has 264,000 workers, not including dealers, suppliers, mechanics, etc. General Motors CANNOT BE ALLOWED TO FAIL!
Chrysler (with only 53,000 employees, "yes," General Motors, "NO!" (And I'll try to explain why some on Capitol Hill say GM cannot fail by the end of this post.)
CHRYSLER IS GONE ALREADY. They can either chose to go ahead with the "arranged marriage" with FIAT, or Obama will allow it to fail. THERE WILL BE NO BAIL OUT FOR CHRYSLER. It will either merge, or be allowed to fail. SO PLEASE SIMPLY ACCEPT THAT FACT. I don't even think they care, that much, based on the numbers. So it's up to Chrysler. I'M SURE THE WHITE HOUSE WOULD LIKE TO SEE THE CHRYSLER/FIAT THING WORK; But I am here to tell Chrysler, DON'T THINK YOU'RE GONNA GET THE "G.M. TREATMENT!" (Zuma Dogg "Terminator" Voice: YOU WILL BE LIQUIDATED!)
G.M. more complicated. If G.M. fails, so does the Republican Senator from Alabama, Richard Shelby's HONDA factory. You see, if G.M. fails, companies that make parts like seats for G.M., Honda and others will lose just enough business to have to go out of business themselves. AND THEN WHERE IS HONDA GONNA GET THEIR PARTS? Japan? At least the Honda parts are being made in the U.S.
Bankruptcy and Legacy costs (code word for "pension costs"). Republicans want to wipe em away.
If G.M. fails, pensions will fail (legacy costs), and you will have all of these 264,000 G.M. employees out of work, and without the pensions they were planning on all of their careers, to pay their house payments, pay bills, and buy things.
PLUS, all the related workers like auto dealers, part makers, suppliers, mechanics -- ACROSS THE COUNTRY!
If G.M. goes bankrupt, the United States will lose 2.5 million jobs in 3 weeks time. And this will put the U.S. and Wall Street right into a FULL BLOWN DEPRESSION!!!
a) 60 days for G.M. to get their game plan together (meaning half the G.M. board will be out the door and replaced with new boardmembers, so Obama can say, "I feel confident that with this new board, we can avoid an "organized bankruptcy" for now," or;
b) an "organized bankruptcy of General Motors." (Which means the "legacy" pensions will be preserved. AND THAT'S A BIG, BIG ISSUE OF CONFLICT BETWEEN THE DEMOCRATS AND REPUBLICANS.)
OBAMA DOES NOT WANT TO HAVE G.M. GO INTO BANKRUPTCY, NOT ONLY BECAUSE OF THE JOB LOSSES, BUT BECAUSE OF WHAT THAT WILL DO TO CONSUMER CONFIDENCE (which could be as much as 60% of a factor), that is just "unfounded fear" based on bad perception. (If I buy this car, there will be no parts or service.) So I guess the "organized" part would be the part where Barack has says that the U.S. Government would guarantee the warranties (AND ZD says "organized" includes keeping the pensions).
If the unions and suppliers don't give back a little in all of this, the courts can close G.M., then all the dealers and related industries would be forced to close, as well.
Previously, the U.S. has been selling 14 million cars a year. Last year, it dropped to an "unacceptable level" of 9 million cars. This level must be raised, and the game plan is, get the economy going (more on how to do that in a moment), and the rising tide raises all the ships (or however that saying goes).
"(Treasonous) Senators who don't care about the G.M./Chrysler workers in Detroit, because they only care about the Honda workers in Alabama." Adding, "the Republicans want Obama to fail anyway. Because if he succeeds, the Republicans lose the House for the next 40 years, like the last time.The Republicans want to bust the unions."
So those are some pretty divisive forces. And at this point, you should STILL not know if I am a Democrat or Republican, because I am not taking a position on this story, merely trying to recap what my "fly on chamber walls" is trying to get me to understand. And we may be getting some exclusive, insightful info in the process. Yes, you can call it "spin." But, I call it hearing everything for both sides, and making your own decision.)
NOW, let's move onto the significance of why President Obama feels G.M. is too big to fail, and why people who are quick to say, "F*&#" 'em, let 'em go BANKRUPT in a free market society:
(And again, this isn't "Zuma Dogg Prophecy" this is what the insiders are saying, like it or not.) If we can shore up and stabilize General Motors, then we can say (according to the person saying this to me) that the WORST IS behind us. The feeling is, G.M. is the only unstable part of the STILL EXTREMELY FRAGILE U.S. economy. IF GENERAL MOTORS GOES BANKRUPT, LOOK FOR THE STOCK MARKET TO DROP TO 5000 POINTS!!!
Insiders feel we have seen most everything else level off, with some upward swinging numbers on new home sales and purchasing and whatnot. (But I'm not ready to believe any "one-trend" round of numbers, yet, myself.) But let's just say, insiders feel that the only "undealt with shoe" to drop is G.M.
HATE TO SAY IT FOLKS, BUT THE WAY IT IS BEING PORTRAYED TO ZUMA TIMES, THE ENTIRE FUTURE OF THE GLOBAL ECONOMY RIDES ON G.M. MAKING IT. And as promised, here are the chain of events that rock the economy:
1) Wall Street
2) Real Estate Market, but primarily housing market.
3) Banking System
By stabilizing the auto industry, it will stabilize the banking system, and that will stabilize the credit market as credit loosens up and becomes available to businesses and people from the banks, once again.
BUT LET'S NOT BE TOO ROSIE. IT WAS MADE QUITE CLEAR THAT IT WILL INDEED BE GETTING WORSE, BEFORE IT GETS BETTER. THERE WILL BE MUCH MORE PAIN TO COME.
So the point that they are trying to use Zuma Dogg for, is to let people know: To those people who think it's just so simple and easy to say, "Let 'em go bankrupt" -- for now, please shut the F*CK up, because it's a fragile situation as it is, and you better not be rooting for failure, or else the U.S. WILL be in a deep depression, like the one actual people are already suffering from. Because it's not as simple as the lousy factor workers in Detroit, I am told. And the parties involved; or should I say, "party" involved presented the best argument I have heard on the topic. So here it is for O'Reilly, Hannity and whoever else wants to know what they are saying on the Democratic side of Capitol Hill.
Check out the legendary YouTube videos and more on the L.A. City beloved, historic, legendary, accurately descriptive, insider icon that IS, MC Zuma Dogg. Aka Big ZD from the 213.