Ya-Online-Juegos.com | Too Little to Late! GM Fritz Henderson and Bankruptcy
Posted by myarticlenetwork on May 11, 2010
Resource Author Francisco Rodriguez Higueras
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Government run heath care, federal bailouts, stimulus packages, increased government debt; all of these topics are in the news today 24/7, 365. We hear about our government spending trillions and trillions of dollars in an attempt to correct problems that plague our country. Have you seen any of that money? How are you doing? Have you seen any benefit from government programs like cash for clunkers, home loan restructuring, or COBRA assistance?
What about us? What about, as Bill O’Reilly says, “the folks?”
Have you been affected in 2009 by any of the following:
- Shrinking 401-k
- Loss of a job
- Foreclosure
- Underemployment
- Living off of retirement savings
- Loss of a business
- Increased Debt Load
- Bank Failures
These events and many more have happened with regular frequency during 2009.
For most of us, what we have experienced is something that we have never been through in our lifetime. The events we went through in 2009 are like the floods that Georgia experienced a week ago. Interstate highways closed, 2,000 or more homes destroyed, school cancelled, bridges out and 10 people lost their lives. The people who track these types of flood events say that the level of the water far exceeded any 100 year flood maps that existed for this area of Georgia. Unprecedented is how they put it.
Unprecedented!
Sarah and her husband Elvin were in the hay business in Alabama. They hauled hay from the fields to the stores or farms in the central part of the state. One year the rains failed, and the hay fields were depleted early in the growing season. Elvin heard that Tennessee had plenty of hay for sale. So, they proceeded to drive up Interstate 65, make their purchase, and deliver hay to their usual clientele, for the same price they were getting before.
The best laid plans don’t always produce the intended result. As it was, Elvin was buying the hay for a dollar a bale and selling it for a dollar a bale. It didn’t take long for the couple to realize that their plan wasn’t working.
Sarah said, “Elvin, we need to do something different. We ain’t making any money.”
Her husband replied, “Yeah. I think we need a bigger truck.”
Needless to say, Elvin and Sarah’s hay business never launched into a competing global conglomerate or billion dollar company. Elvin just didn’t have the “right stuff.”
Other companies have tried to mimic Wal-Mart’s practices. They have even gone to the extreme of losing money on some items just to procure traffic in their stores. In tough economic times, that formula doesn’t produce revenue. In a good economy OR bad economy, the bigger truck theory only works if there is some profit on the sale
