Wednesday, August 24, 2011

BloggeRhythms 8/24/2011

Some time ago, I had the real pleasure of being part of a group of folks who built the finest, most successful financial organization of its kind on the planet. We grew very quickly, expanded nationwide, and outperformed our competition to the extent that we had no peers. I believe our success stemmed from hard work, dedication, and especially, experienced creativity blended with a huge dose of street smarts. We could react and perform effectively almost instantaneously.

Ours was a public corporation which, because of our success, had a very high profile drawing a lot of interest and admiration. And then one fine day, one of the largest businesses in the country, a communications giant with a financial subsidiary, decided that it was easier to buy a successful entity than build one, so they wrote a check and quite soon then we belonged to them.

It took almost no time for us to realize that our acquirer's had no clue as to what they'd purchased. Not a soul in their employ could begin to figure out how we ran, or really, even what we did for a living. Financial industry-wise, these folks were brain dead.

Consequently, in order to gain some understanding of our endeavors, and enable their lethargic, slow-thinking, antiquated cadre of the ineptitude to try to gain some control over what they'd purchased with no capabilities of their own whatsoever, except piles of cash, they began to slow us down. And, like a disease that creeps through one's bones, they soon began to turn this marvelous, well-oiled machine, into a plodding dinosaur that functioned just like they did. A very short time after that, they possessed an empty shell.

The reason I write this tale today is, the administration's latest grasps at what few straws may be left of the nation's economy are very remindful of what I've seen happen in the past when mis-guided zealots jump into water that's hundreds of feet over their heads. They're splashing and flailing the surface, trying to find a rope or preserver, however all those things disappeared when they themselves sunk the boat.

And the worst part of the whole horrendous situation is that when the president was asked about over-regulation on his bus tour, he responded: "Show us particular [regulations] that are getting in the way of you hiring. If red tape is not improving situations, let's figure out how to get rid of them." Yet, what his answer really demonstrates quite clearly is, he hasn't a clue as to how much damage his bureaus and agencies have already done.

So, much like my own experiences have shown, it's incredible to see how much damage can be done relatively quickly when folks with no capabilities whatsoever are empowered with control. But what's worse is, after failing results are demonstrated clearly, still allowing them to proceed at all.


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