The Day The Music Died

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Nov 6, 2008 2:46 am

I can’t imagine saying out loud that I voted for someone so they could pay for my  gas and mortgage.

Nov 6, 2008 2:50 am

So who can tell me what day the music died?

  And who is the jester?   And what does eight miles high and falling fast mean?    
Nov 6, 2008 2:57 am

[quote=BondGuy]So who can tell me what day the music died?

The day Buddy Holly died. Feb. 3, 1959.

  And who is the jester?

Bob Dylan, in a cast (after his motorcycle accident/nervous breakdown.)

  And what does eight miles high and falling fast mean?

Something to do with the Byrds.

   [/quote]

Nov 6, 2008 3:52 am

[quote=BondGuy]So who can tell me what day the music died?

Buddy Holly died on February 3, 1959 in a plane crash in Iowa during a
snowstorm.
The same plane crash that killed Buddy Holly also took the lives of
Richie Valens (“La Bamba”) and The Big Bopper (“Chantilly Lace”). Since all
three were so prominent at the time, February 3, 1959 became known as “The Day
The Music Died”.
  And who is the jester?

The jester is Bob Dylan.  And what does eight miles high and falling fast mean?

The Byrd's "Eight Miles High" was on their late 1966 release "Fifth Dimension." It was one of the first records to be widely banned because of supposedly drug-oriented lyrics. Eight Miles is supposed to be the altitude an airliner flys.

   [/quote]
Nov 7, 2008 6:34 am

"Drove my Chevy to the levy and the levy was dry"

Today, this may mean GM’s demise.  It truly could be “the day that music died,” if GM doesn’t get bailed out.

Nov 7, 2008 3:04 pm

[quote=iceco1d]eF GM.  GM is in trouble for a different reason than the banks.  They are in trouble because they pay simpletons $40 an hour to make inferior products.  I cannot see GM’s assets going to waste if they go under - they will get bought by a more efficient, more productive automaker, and their facilities will start producing higher quality output. 

  GM, Chrysler, and Ford aren't victims of poor regulation, or some devious lending practice...they are simply victims of capitalism at this point.  Let it run its course, either way.  [/quote]   I wouldn't write off their demise to capitalism. I would write off their demise due to "anti-capitalism".  Basically, their hands are tied by government regulations concerning unions.  If there is a strike at a GM plant, GM cannot fire the striking workers and hire some other guy who is willing to take a lower wage. That is just wrong. That is legalized extortion.   Under a true capitalistic structure, they would hire the best labor they could find at the lowest rate. If a worker wants a raise, he can ask for it. If he doesn't get it, he can keep working, or he can walk, it's up to him.   Reagan is my hero for many reasons, but right up there is when he fired the air traffic controllers for LIFE for striking!!! That was awesome.   Unions are a parasite on America, and I think Obama will just give them sharper teeth.
Nov 7, 2008 6:22 pm

I agree with that too now_indy.  I’m against Big Gov as well.  I think in the long run, that subsidized labor, as well as subsidized anything (wheat, ethanol, etc.) won’t work cause it’s just not efficient.  Big Gov will also not work if its main purpose to hire is to just get people off unemployment lines.   Government should stimulate the economy not bail it out or subsidize it when it’s in trouble.  GM’s partly in trouble because of the government.  Huge labor costs and liabilities, protected by government regulations and unions, are the reasons why big companies like GM aren’t attractive to buyers other than perhaps the government.

Nov 7, 2008 7:00 pm

I’m torn on the possiblility of GM going under.  I have several clients who own GMAC Smartnotes and are trading in the 20-30% range.