AllupInyourBiz

[Photo by David Duprey (NY Times)]

In the wake of the Turboprop crash in Buffalo, NY, on February 12, scrutiny is being applied to speed at which the FAA adopts changes suggested by the National Transportation Safety Board. A NY Times article concludes that the FAA, due to its entrenchment in bureaucracy, often times takes years to implement changes suggested by the NTSB. As an example of this, the Times cites the recommendation given by the NTSB to the FAA after an airliner exploded over Long Island in 1996, noting that recommendation has yet to be put into practice. According to the NY Times, “The safety board says there currently are 429 outstanding recommendations, of which 146 are more than five years old.”

Former Governor of MA, and GOP figure in the recent election, submitted an OP Ed piece for the NY Times this week. The article addressed the floundering domestic automotive industry. Romney is a self made independently wealthy individual (Bain Capital) whose father was a Auto industry mogul before becoming a political in Michigan. You would think that these things would qualify Romney to speak on the topic of solving the problems of domestic auto producers. Indeed, Romney is qualified. But Romney’s article “let Detroit go bankrupt” does not delve into any sort of complex strategy based on his expertise as a Private Equity genius. Instead, Romney merely asserts that decisions should be made using common sense. Hmmm, imagine that. Romney astutely points out that “Getting more and more pay for less and less work is a dead-end street.” Romney also suggests that bailing out the floundering auto makers will only prolong the inevitable. I couldn’t agree more.