Saturday, October 14, 2006

Market Failure

Photo -- Courtesy of www.pentoon.com


The people have spoken!! Today's newspaper reports that the "Air America Radio" network has filed for Chapter 11 bankruptcy protection.

Air America was founded by the big government is good, left wing crowd to counter the dominance the right wing has established over the talk radio world. A Minnesota angle to this story is that "comedian and native Minnesotan" (quoting the Associated Press here) Al Franken is owed $360,750 by Air America for his radio show work.

The one bright side here is that hopefully the left wingers behind Air America got an education on how free market economics works -- they wrote a business plan, provided a product, and realized consumers did not want to "buy" what they were offering thus Air America is now bankrupt. Ah, the beauty of the market!!

Perhaps it is the cynic in me but I fear a Congressional bailout of Air America should the Democrats take control of the US Congress after the November 7th elections!! :-)

Update your resumes,

Todd

4 comments:

jdsqrd said...

"I'm good enough, I'm smart enough, and, gosh darn it, nobody wants to listen to me."

Anonymous said...

Aww now see, I was all excited to come across your blog while googling the name Don Gebers for some reason I no longer recall. How delightful to find a random former Ida County resident while doing a random google search. *sigh* And then I found this post. Now I am sad! ;>) Okay I am over it...as much as I loved my Air America, Franken's show did suck!

Holstein Girl

Todd said...

Holstein Girl,

Don Gebers was a great man and a great sheriff. He taught me the science of fingerprinting for which I will always be grateful.

Hope you enjoy my blog. I have fond memories of playing football against Galva-Holstein or "Cow Town" as we used to call it.

Todd

Anonymous said...

Oddly, now that you have mentioned that, it was fingerprinting that made me google his name. I am sure it was some random tangent my mind went into while watching a CSI rerun.

So far, your blog has me intrigued which must be why I keep coming back. Even as I try to not think about that Cyclone and Viking thing...

Holstein Girl