THE STORY LINES:
1. PRESIDENT-ELECT OBAMA SAVES THE HOLIDAYS:
2. MERGER CALLED OFF:
3. EMERGENCY BAILOUT MONEY FOUND:
4. CONTRACTS REVISITED:
President-elect Obama, in a last ditch effort convened his cabinet appointees to try to circumvent a holiday catastrophe! There was heated discussions, much arm twisting ,and wheeling and dealing behind closed doors all day Christmas Eve. But just before the deadline imposed by Santa’s schedule of toy delivery, there was a temporary agreement ironed out that everyone could live with!! The federal government gathered up some left-over dollars out of the TARP fund that was recently allocated for banks, Wall Street, and all the CORPORATE CEO’S GOLDEN PARACHUTES, enough money to help both Santa and the Easter Bunny nurse their companies back to health!! Thus preserving the holidays through these recession/depression times we’re having!
One of the sticking items was, of course executive compensation and also re-working the union contracts! The govt. has taken a stake in both Santa’s company, as well as the Easter Bunny’s operations. Futhermore, the Dept of Commerce will have an input on the types of Christmas toys produced at the North Pole. There are going be some constraints and requirements to produce more “GREEN” toys in the future!! Additionally, the Easter Bunny as well as Santa, must produce and distribute more USA made and eco-friendly childrens presents!!
Although the Senate Republicans held out and voted against this “bailout”, there were enough Democrats in both houses to marginally pass the resolution. But there is something good in it for the taxpayers, they will share in the profitiblity of both companies as they work their way back to being a money-maker!!
Another crises averted!!!
ONCE AGAIN, I LOOKED IT UP SO THAT YOU WOULDN’T HAVE TO!!!!
PS THE PICTURE IS LIHUE WERE THE EASTER BUNNY AND SANTA ARE VACATIONING AFTER A TOUGH NEGOTIATIONS!!!