My wife send me this article about a guy that owns a car dealership in Florida. His business is being taken away and given to someone else.
Why? I don't know.
By who? Take a guess.
Here is the article (here is the link to it):
My name is George C. Joseph. I am the sole owner of Sunshine Dodge-Isuzu,
a family owned and operated business in Melbourne, Florida. My family bought and
paid for this automobile franchise 35 years ago in 1974. I am the second
generation to manage this business.
We currently employ 50+ people and before
the economic slowdown we employed over 70 local people. We are active in
the community and the local chamber of commerce. We deal with several dozen
local vendors on a day to day basis and many more during a month. All
depend on our business for part of their livelihood. We are financially
strong with great respect in the market place and community. We have
strong local presence and stability.
I work every day the store is
open, nine to ten hours a day. I know most of our customers and all our
employees. Sunshine Dodge is my life.
On Thursday, May 14,
2009 I was notified that my Dodge franchise, that we purchased, will be taken
away from my family on June 9, 2009 without compensation and given to another
dealer at no cost to them. My new vehicle inventory consists of 125 vehicles
with a financed balance of 3 million dollars. This inventory becomes
impossible to sell with no factory incentives beyond June 9, 2009. Without the
Dodge franchise we can no longer sell a new Dodge as "new," nor will we be able
to do any warranty service work. Additionally, my Dodge parts inventory,
(approximately $300,000.) is virtually worthless without the ability to perform
warranty service. There is no offer from Chrysler to buy back the vehicles
or parts inventory.
Our facility was recently totally renovated at
Chrysler's insistence, incurring a multi-million dollar debt in the form of a
mortgage at Sun Trust Bank.
HOW IN THE UNITED STATES
OF AMERICA CAN THIS HAPPEN?
THIS IS A PRIVATE BUSINESS
NOT A GOVERNMENT ENTITY
This is beyond imagination! My
business is being stolen from me through NO FAULT OF OUR OWN. We did
This atrocity will most likely force my family into
bankruptcy. This will also cause our 50+ employees to be unemployed. How
will they provide for their families? This is a total economic
HOW CAN THIS HAPPEN IN A FREE MARKET ECONOMY IN THE
UNITED STATES OF AMERICA?
I beseech your help, and look forward to
your reply. Thank you.
President & Owner
Things like THIS never would have happened under Bush. It is things like THIS that are going on that make me almost miss the guy (among other things which I won't get into now).
The current administration by this act is not only putting 50+ people out of work and taking a business away from someone whose family has owned it for over 30 years, but is also causing this man (and probably some of his employees too) to file for bankruptcy.
Way to go fixing this economic crisis we have going on!!!
I think it is time for a freaking recall. Can we do that?