Trying to keep the politics out of it.

Agree with the daily bankruptcies, no issue with him doing it if necessary..

Only issue I have is the fact he supposedly has 1.5 million in assets and I'm just curious why he can't work out a deal using his assets. Since he has a 6 figure income plus what the business is making, not to mention where are the assets of his family who helped run up the bill.Seems he should be able to work something out to prevent bankruptcy, maybe be forced to sell the business? He did supposedly guaranteed the loan and I'm sure he doesn't have to have a 6 figure income to live on.. I don't..

I'm sure this problem didn't happen over night and he hasn't managed to company for a while. Why didn't he get his name off the line of credit? Who in their right mind would keep an open LOC available and not know what was going on.

Has nothing to do with Sam Walton. Sam has been dead for years.. A poor business model for Hinojosa and his family has nothing to do with Walton either.. If business was bad, why try to maintain it like it was booming and lose money?

Now for the political statement..If he cannot manage his own finances why would I want him anywhere near funds that do not belong to him or writing regulations concerning them ??

Also, who's to say he will not get a deal if he can work a little magic helping the banking industry? Just thinking out loud.

Does not matter what letter comes after his name.

Dave

quote:

Also, who's to say he will not get a deal if he can work a little magic helping the banking industry? Just thinking out loud.

In my post I typed "Of course we cannot look at his books, or the bank's books to see what is real or not."

I had on my mind the question you posed. Who knows what type of deal they have already done?

"Seems he should be able to work something out to prevent bankruptcy, maybe be forced to sell the business?"

That is the usual outcome of these deals. The business is sold, or the assets, land, equipment. Sometimes a person can make money off a bankruptcy, but it is usually because they screw some lending institution in some way. A lot of bankers are dumbasses and may not have really looked at what they have mortgaged. The bank may not have a deed of trust on the property or equipment. They may only have a lien on income. I have done it myself. Besides, if a banker can't read a financial statement or understand one who's fault is it? A lot of banks go bust because of stupidity or fraud or both.

"Why didn't he get his name off the line of credit?"

His name may be the only asset the bank has lien on. A LOT of banks loan money on your word or name, not your financial statement. The statements are just to satisfy the bank examiners.

"Now for the political statement..If he cannot manage his own finances why would I want him anywhere near funds that do not belong to him or writing regulations concerning them ??"

Dave, there are a lot of people managing the public's money who can't manage their own. Not right, IMO, but who you gonna' call?

"Has nothing to do with Sam Walton. Sam has been dead for years.. A poor business model for Hinojosa and his family has nothing to do with Walton either.. If business was bad, why try to maintain it like it was booming and lose money?"

Some people just try to hang on even when it is hopeless. Imagine if you had a business that your grandfather or great grandfather started and it was you who was about to lose it? People will grasp at straws when good sense tells them not to. They just can't help it because they are humans, not machines.

The Sam Walton deal is not about Walton in particular. As I said he was brilliant about what he did, and it worked for him. Now you have Lowes, Home Depot, and other big chains with buying power (most of their shiot comes from China) that small mom and pop outfits cannot compete with, and are too small to even sell to the big chains. If you ain't big, you cannot sell to them. I have seen it first hand.

My point is that this has wrecked a lot of small businesses and put a lot of Americans out of work. Of course, Wally world hires a lot of folks I agree, but sure has played hell with American manufacturing, IMO.

Agree pretty much with everything but the last sentence..

Wally world cannot be held to blame for giving their customers "exactly" what they want. They wanted cheap so wally world found them cheap stuff.. I blame the customers as much if not more than Wal Mart..If the customer had insisted on American and said hang the cost then that is what they would have in the store.

American manufacturing did it to themselves, they have no one to blame but themselves. They couldn't/wouldn't get their costs down to compete. Not to mention they were evidently paying the wrong politicians.

Also if you remember Sam Walton started out just like any other mom and pop. Pretty much the same as any other business you can think of.. Difference is he expanded and kept doing what it took to grow. Mom and pop were happy with what they had until suddenly they discovered they had missed the train. Only thing left at that point was alligator tears. So rather than be happy with becoming a mini me of what they once were they closed the doors and convinced everyone they had been forced to close.

I have a cousin who worked for the largest appliance store in Bedford, IN. Jerry worked there for several years and decided to open his own appliance store. Started real small I mean like 400sq ft store. Long story short Jerry ended up the largest appliance store in town and put just about every other store out of business including the one he started with. The ones that didn't close, down sized drasticly. Today only God knows what Jerry is worth, but he is no longer in the appliance business. He now sells used lawnmowers in his store with his two sons and daughter..Sears is what got him. lol

Point is, he hasn't blamed anyone, and he is still doing what he does. His kids are doing alright too..

Dave

quote:

I blame the customers as much if not more than Wal Mart..If the customer had insisted on American and said hang the cost then that is what they would have in the store.

I will have to agree with your statement. I suppose I was really looking at the whole picture. Americans want all they can get. If they can't afford a $200 BBQ grill, they will buy what they can afford, but they will buy it.

One of my points is that having this cheap stuff readily available, whereby people don't have to save up for stuff like I used to have to, everyone can get it right now for some price. It is like a frenzy. It's cheap, let's buy it whether we need it or not. Seems to have taken something out of our society. Maybe like there isn't much peacefulness of life anymore. Too busy.

I guess Walmart is a product of the times instead of the times being a product of Walmart.

Just read a story about natural gas production in Texas that claimed that $7,400,000,000.00 has been lost to the state because of tax subsidies!
The program started in 1989, before President Bush so forget blaming him!
ma richards was at the helm then wasn't she?

What story? Post a link.

quote:

Originally posted by BD:

quote:

I blame the customers as much if not more than Wal Mart..If the customer had insisted on American and said hang the cost then that is what they would have in the store.

I will have to agree with your statement. I suppose I was really looking at the whole picture. Americans want all they can get. If they can't afford a $200 BBQ grill, they will buy what they can afford, but they will buy it.

One of my points is that having this cheap stuff readily available, whereby people don't have to save up for stuff like I used to have to, everyone can get it right now for some price. It is like a frenzy. It's cheap, let's buy it whether we need it or not. Seems to have taken something out of our society. Maybe like there isn't much peacefulness of life anymore. Too busy.

I guess Walmart is a product of the times instead of the times being a product of Walmart.

Ya mean I got a point across?? LOL

Dave

Yes, I suppose.

http://dfw.cbslocal.com/2011/0...coming-to-mansfield/

Dave

Beat me to it DC!
The part that stunned me was the assertion from the United States Department of Education that "arabic is the language of the FUTURE"!
Has "imam 0-bomb" told his Secretary of Education something he hasn't let the rest of us in on, YET?????????????????
Four other school districts got the money too, probably all in northern ohio!

Read and weep old man.......

http://news.yahoo.com/s/ap/201...re/us_wall_street_25

The school district in Mansfield is phocking insane, IMO. Every school board member should be run out of town on a rail, and I think that is what many in Mansfield have on their minds.

WASHINGTON (AFP) – Former US defense secretary Donald Rumsfeld admitted in an interview that the country "would've been better off" if he had quit after the 2004 Abu Ghraib scandal and spared no criticism of his colleagues in his new memoir published Tuesday.

In "Known and Unknown," Rumsfeld defends his handling of the war and recounts his government career serving Republican presidents from Richard Nixon to George W. Bush.

However the former Pentagon chief also admitted his biggest error during his tenure under Bush was his failure to convince the president to accept his resignation in the wake of the Abu Ghraib prison scandal.

"That was such a stain on our country. To think that people in our custody were treated in that disgusting and perverted and ghastly way -- unacceptable way," Rumsfeld told ABC News anchor Diane Sawyer.

And so I stepped up and told the president I thought I should resign. And I think probably he and the military and the Pentagon and the country would've been better off if I had," he said.

Amazing how you didn't mention a word about what he said regarding the WMD's, and the fact that everyone thought he had huge stock piles, every country and intelligence agency in the world. But hey, since that doesn't fit your agenda then you wouldn't mention it. That shows you don't care about the truth, y ou just care about continueing your ignorance.

quote:

Originally posted by BD:
The school district in Mansfield is phocking insane, IMO. Every school board member should be run out of town on a rail, and I think that is what many in Mansfield have on their minds.

BD,

I went back to the link I posted to read some of the comments. CBS (editor?) has updated the article.. Seems they removed the part that the district was making it "mandatory". And they are going to evaluate the program and might return the grant..

Does anyone really think they will return any monies after they get their hands on it?


Loved one of the responses..

quote:

Nate

How are you going to teach a foreign language when you can’t even teach them English?

LOL

Dave

This message has been edited. Last edited by: David Covey,

THAT WAS A STAIN ON OUR COUNTRY.sorta like the 1860's when the dem's went to war over wanting to keep a few african americans around the house as slaves.

quote:

How are you going to teach a foreign language when you can’t even teach them English?

I must protest that statement, Dave, and I take it a little personal that you seem to agree with it.

My daughter teaches Jr. and Sr. English. She goes above her duty in trying to get through to her students. She looks for anything to spur their imagination or even just hold their interest.

That parent should be saying something like "I wish that dumbass, irreverent, smart mother phocking kid of mine would go to class, behave and pay attention to his English teacher. Maybe he would learn some. God knows I haven't done anything to encourage him or set a good example."

I LOVE LINCOLN! the last GREAT republican!
the hand of GOD was truely on his shoulder.
we would be nothing today if it wernt for the actions of lincoln.

quote:

Originally posted by BD:

quote:

How are you going to teach a foreign language when you can’t even teach them English?

I must protest that statement, Dave, and I take it a little personal that you seem to agree with it.

Nothing personal to take BD. I didn't specify a teacher and I wasn't making a statement about teachers.. But ask yourself this, is your daughter or your wife the exception or the rule? I think the statement was to imply the kids themselves were unwilling to learn, or at least that was how I read it.

My daughter teaches Jr. and Sr. English. She goes above her duty in trying to get through to her students. She looks for anything to spur their imagination or even just hold their interest.

That's a good thing.. Her problems would have to do with the student themselves and their parents.. But you have to admit that no matter how good she is she has no control on how they speak, read, and write after they leave her environment.. Are all teachers as conscientious as your daughter??

That parent should be saying something like "I wish that dumbass, irreverent, smart mother phocking kid of mine would go to class, behave and pay attention to his English teacher. Maybe he would learn some. God knows I haven't done anything to encourage him or set a good example."

That would be the parent taking responsibility for his kid's refusal to want to learn.. The old lead a horse to water. Not to mention being willing to go to jail in order to discipline his kid.. I was made to go to school and learn until I was 16. In my immediate family, my daughter was the first to graduate. Believe me I was on her to do good. She ended up in the Honor Society, and now is a nurse with a BS degree.

Just to make a point..

I quit school in my Junior year when I was 16. Thought it was a waste of my time. In fact the only class I took that I enjoyed was vocational school auto mechanics. Went to work as a mechanic/pump jockey/car detailer/quarry worker/ whatever I could find. Met my future wife and she convinced me to go back to school. I was told by my counselor that I would have to take Jr. English over to get the credits I needed for graduation. I "suffered" through my junior year English and passed it with a C+ hating every freaking minute, although I tried hard to understand it.

Senior year comes and I'm told by the lying piece of crap counselor that I had to take another year of English. Originally in order to get me back in school I was told I only had to take Junior English.
So, I grit my teeth and go to class like a good little boy, felt like I was being force fed castor oil and beaten with a switch every time I entered the class room. At the end of the first semester after our end of semester test, which I passed, I made a comment using sh1t as a noun (Slang, something inferior or worthless.), as in” This sh1t is worthless”. The teacher didn't appreciate my usage although it was used in the correct context. She said I couldn't talk that way, so on my way out of the class for the last time I told her I didn't need English as I could cuss as well as anyone else so she could shove it. I was 19 at the time, one semester left to go.

Spent the next 15 years working in and owning my own repair shops and never missed knowing what a noun, pro-noun, verb, adjective or any of those other things were. They meant nothing to me then or now in fact.

I did however excel in basic math(higher math was unavilable at the time)and history.

I was 32 years old when I took the GED test and passed it without study. Two years later I went from the National Guard to active Army where I went back to school and now have an associate’s degree in Automotive Technology.

Point is neither that English teacher nor any from my past could make English interesting enough for some to want to learn.. So how do you think they would do teaching Arabic or any other language?

Dave

This message has been edited. Last edited by: David Covey,

The only time I get frustrated in my lack of knowledge is when I write something and then proof read it. I always catch something that doesn't look right or is misspelled. May not know what it is but I usually see it. lol

I struggled hard at Warrant Officer Course in the required Effective Writing course as well.

Dave