Archive for August, 2009
Who do you trust?
Monday, August 10th, 2009 | Uncategorized | No Comments
WHO DO YOU TRUST?
There was a television game show which debuted on November 18, 1957 called Who Do You Trust? Johnny Carson was the emcee and the announcer was Bill Nimmo who was replaced by Ed McMahon midway through the series. While the format of the game was similar to The Newlywed Game, it more closely resembled Groucho Marx’s You Bet Your Life.
Johnny Carson spent the bulk of the show’s time slot interviewing the three couples which were selected to be the contestants. These couples were chosen mainly because of their interesting idiosyncrasies. Each couple would be asked three questions which resulted in a winner’s purse of $25, $50, and $75. As you can tell, the stakes were high and the drama would build as each couple tried to correctly answer the question. I’m sure their collective pulse rates climbed to astonishing levels. After all, $75 was at stake. Each of the questions involved a numerical answer and the couple coming closest to the correct answer would advance to the bonus round. The reason the game was titled Who Do You Trust? is that the man would be asked whether he wanted to answer the question or whether he trusted his wife to arrive at the correct answer.
This hard-driving, pulse-raising, high stakes quiz show lasted for six years. That was all the drama we as a nation could handle. Any more would have caused apoplexy to the American TV-watching public.
There is today, with the bailouts of Chrysler and GM, a game being played. This game has much higher stakes and affects all of us whether or not we watch TV. Our legislators in general, and Obama in particular, in an attempt to save two mismanaged companies, have embarked on a game called Who Do You Trust?
In this new version of Who Do You Trust? for the 21st century, we have embarked on a journey which will require investors to determine who they trust before making investments. The secured bondholders of Chrysler were forced out of their lawful and customary place as first lien holders into the position of “too bad folks, the law no longer applies.” Unfortunately, the Supreme Court refused to hear the case so now it’s “investor beware.”
By simply ignoring to hear the lawsuit, the precedent has been established to disdain a premise of our economy which has been a cornerstone of commerce which set America apart from the demagoguery of socialistic societies. In the future, when Chrysler or GM is looking for investors to provide capital to keep them operating, it may be slim pickings. You have all heard the saying, “Fool me once, shame on you. Fool me twice, shame on me.” This act of our leaders may have unintended consequences.
Who do you trust? That’s a good question. A question which you should ask every time you do business with someone. Having a home built is a huge investment of your money and time. Who do you trust to partner with you in accomplishing your purposes? Over the past several months, I have tried to show you why Precision Builders is a trustworthy company which has a track record to prove it. After 35 years of building homes and working with our customers, we have an established track record of trustworthiness. So ask yourself, “Who do I trust to build my home?”
I promise you that Precision Builders will not set aside our record of success for expediency. Who should you trust? Precision Builders.