They've got 176,000 employees. They have 8,500 stores. They're an integral part of American life.
realtors and small businesses depend on them. And they sell an addictive product.
Sure, they became arrogant. Sure, they paid their employees too much. Sure, they overbuilt crappy sterile soulless locations.
But shouldn't they be bailed out too? After all, their failure would be CATASTROPHIC! It would be the end of America as you knew it. Starbucks is at the very fabric of American life.
How about $500 billion in loans, to build 100,000 new stores, update their furniture, and maybe a $100 direct tax incentive to help cash-strapped over-indebted Americans buy their coffee?
Or hell, maybe free coffee for a year for everyone?
Bail out Starbucks! It's too big to fail!
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27 comments:
Somebody shoulda told the Aussie .gov that Starbuxxx was too big too fail. Because they're already falling on their arses. That might be because there are a lot of actual Italians down here (tonnes of immigrants after WW II) and they showed everyone what real coffee tastes like. Poor Starfuxxx -- they didn't stand a chance...
You funny guy !
Great point. Everyone in America is so brain washed that they do not see how silly this whole game is. We just lay their and get kicked in the nuts over and over.
Cars, coffee, they're all addictions of our sick, indulgent society. Yes, they are all too big to fail. Bail 'em out!!
Sorry, gotta go! I'm taking my new Denali to go get my mocha java supa dupa frappe latte!!
God she is hot.i wonder if kfed still bangs her?I heard she got her real estate license last week.Anyone in LA need a piece?
America: Too fat to fail.
The U.S. is the Britney Spears of the world. We get fat, bloated and bald, can't take care of our kids, and go boom and bust career-wise, but the rest of the world still thinks we're hot and can't wait to see what we do next.
Ain't that funny?
Did anyone just notice the shot that was fired Obama's way this morning? One day after the Gov. of Illinois came out a declared the state wasn't doing business with BAC anymore to support the sit-in happening to the workers who were laid off, (something that Obama supported) he is arrested for fraud. One day. Message to Obama: we still run this and we know your past isn't squeaky. Don't get too aggressive in trying to tell us what to do.
After Spitzer, I thought in was coincidence. (He came out criticizing the banks formally a few days before before the prostitute story broke.) Now this is getting scary.
Big layoff coming to Starbucks in February.
3,400 WAMU employees laid off in Seattle.
So much for the crash-proof 'Emerald City!'.
Keith,
you have heard the rumblings for a bailout of the failing newspapers, haven't you? it started out as a joke but some members of congress are seriously talking about it.
A jury of your peers.
that tongue is out, waiting for a deposit.
Who else could be asking for a bailout next?
In a sense public education is now asking for one due to declining tax reveneues. They are always screaming and yelling that the world will end if they don't get their funding increases they think they're entitled to.
What about oil companies? They've seen a price crash, that's going to kill their profits.
What about Mrs. Fields cookies who just filed for bankruptcy? They have stores in almost every mall and people have to eat.
Ok Keith, today you are not a communist. Great post. Quit playing with my emotions.
Signed
Stupid caps guy who can't spell, Duuuuuuuuuuuuudes>>>>>))))>
Love the sarcasm today. Helps me deal with all this bs.
I think the party is over. The US is too sick to cure.
Kieth:
I was against the bailout of the banks, but see it as more appropriate for the auto companies, which represent the last of the manufacturing/productive/industrial capacity of this country. Once it is gone we are truly pwned.
That said, I find it funny that most against this bailout and the "free handout" are the very ones that take a mortgage interest deduction, exemptions for their kids, take educational deductions and generally just do not pull their own weight considering all of the services they and their families utilize.
This is the problem and the reason we have a 12 Trillion dollar debt - a bunch of people that want others to pay their way.
"The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else." Bastiat
I have a great idea to help Starbucks and the Big 3 at the same time. The government funds a program that for every overpriced cup of coffee you buy at Starbucks you get a $100 gift certificate towards a Big 3 automobile. At 5 cups a week ($500) it would only take 80 weeks (about 17-18 months) to get a free gas guzzling $40,000 SUV.
Dude, this is an awesome post. This exposes exactly what is so f-ed up about all these bailouts.
Yea, where does it end with bailing out private companies? A slippery slope to be sure.
The $34B bailout of the auto industry comes with all sorts of conditions:
1) Caps on Exec pay
2) No private jets
3) Govt overseer
4) Etc.
However the HUNDREDs OF BILLIONS to bail out PRIVATE banks and wallstreet firms comes with ZERO conditions.
Is the auto industry debacle just a ploy to get people to focus on a relatively small bailout vs the MASSIVE "no strings attached" bailout of the banks/wallstreet that went down quickly and quietly?
Only the CEO of Goldman Sachs (er I mean the Treasury Secretary) knows for sure.
Where the @#$% is MY bailout???
Oh thats right, I'm a sucker and a chump. I kept my nose to the grindstone, lived within my means, paid my bills/taxes on time. And my reward is (ta da)...I get to pay for all the fancy cars, vacation homes, parties, coke, hookers, etc....of all the fraudsters, crooks, and "leaders" of this country.
No revolution needed here folks...move along.
I know that coffee powers the software industry. But when that collapsed after the dot.com, nobody did anything.
THANKS A LOT KEITH!!
A just had lunch and then saw her picture. Now my keyboard is full of puke.
GROSS!!!!!!!!!!!!!!
She is the picture-perfect gestalt of the modern American female. Her tongue always busy in an absent minded manner. At this moment groping for more calories to fuel the compulsion to do some more shopping. Proudly displaying her fatty fat while clutching TWO drinks a cell phone and shopping bag. Soon, her tongue will stast wagging as she begins making noise into the phone.
Keith, I agree. They should bail them out. After the hardships that have come to Chicago, I am now forced to WALK to 7 11, what kind of joke is that? I want to drive my hummer threw the drive-thru. That will show 7 11?
Pfft, $5 for one cup of coffee, they should to be ashamed of themselves!
I say, let Starbucks fall! No bailouts for those who ought to be ashamed of themselves. There are more important things than coffee.
>Too fat to fail.
Oh I see Ross, a takeoff on Arie Whatever's book.
A pill popping lib friend of mine bought it, probably saw Art appear on the Mahr show or something. I wanted to ask if he ever reads books that aren't retarded. But I try not to be antagonistic.
I did not even know that was Britney until I read the other comments—I just thought it was another fatty tonguing a straw.
Starbuck is innocent! Blame Ahab!
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