"The greatest glory in living lies not in never falling, but in rising every time we fall."
- Nelson Mandela
Barack Obama has been President of the United States for about 50 days and there are people asking why he hasn't pulled our economy out of the ditch yet.
I can answer that question for you. It's because George W. Bush was one of the worst Presidents in the history of the country and the economy we have is a result of his blunders and those of his failed administration.
Barack Obama has a mess to clean up exceeded only by what Franklin D. Roosevelt faced in The Great Depression. It's not going to be easy and it's not going to be fast, so do what you can to become part of the solution and stop being part of the problem.
Republicans, take note. You supported the policies of George W. Bush and you did so enthusiastically. Doing everything you can now to block Barack Obama's efforts to fix what you screwed up isn't beneficial to the country.
But, to hell with all that.
I haven't been posting for about two weeks...not because I was at La Alegría and not because I was traveling to collect on an Obama/McCain election bet. No, I've been working with a client to save one of his companies.
I've worked with GoIrish! for years. We've opened companies together, I've helped him grow and expand operations and we fixed problems he had in various companies.
I don't typically meet with GoIrish! at his home so when he invited me there for dinner I knew we had a serious issue to deal with.
Widget Manufacturing had been a lucrative enterprise for GoIrish! for many years, but it started to decline toward the end of 2007 and things got worse through 2008. He's still making money, but Widget Manufacturing's spreadsheet isn't what it once was.
While banks say they're lending money since getting bailout funds GoIrish! has an A+ credit rating and he's not getting the funding he wants for Widget Manufacturing.
The primary issues GoIrish! wanted to discuss were consolidating operations, restructuring management, laying off hourly employees and, ultimately, the possibility of closing the company.
Normally, GoIrish! pours glasses of Johnnie Walker Blue Label to celebrate a victory of one kind or another. On this night, though, it was to ease the pain. The possibility of closing a business wasn't something he'd ever dealt with before and he wasnt taking it well.
GoIrish! won't be requesting any money from the government to save Widget Manufacturing. We've put a plan in place to stop the bleeding for now and are working on long-term solutions.
I'm waiving my fee for the time being in order to save two management jobs. Meanwhile all the managers have taken a pay cut and GoIrish! is not collecting a salary. So far, Widget Manufacturing has not had any lay offs and that's something I'm doing my best to avoid.
When the history of our financial recovery is written I intend to have Widget Manufacturing be one of the things that contributed to it's success.
That's all for now, I have to jet to a meeting with GoIrish!