Shawn's Bail-Out Plan

Everybody's getting in on it! Bernanke has a plan. Paulson has a plan. McCain has a plan. Obama is working on a plan. Bush... well, I just hope Bush is working on anything. Ryan Peeler has a brilliant plan that will both inject the economy with cash and determine the next president.

Even those Libertarian Madison Avenue-types are getting onboard the Bail-Out planning bus, albeit for different reasons:
But don't worry, even ACTUAL recession won't reduce the Ad Industry's precious consumer spending, let alone RUMORS of recession.

Remember that spike 9 days ago when your mutual fund bounced back and things didn't look so bad? What the NYTimes reported as "the stock market soar[ing] last week on rumors that there would be a bailout." RUMORS, people. Stay with me, here.

And this morning, Goldman shares jumped back towards their pre-Lehman Brothers price just on rumors of Warren Buffet's $5 billion or $10 billion dollar investment. Again, RUMORS.

So JEC Chairman Chuck Schumer (Sen. D-NY) says "Americans are furious" about the price tag on the current plan for bail-out. The people are getting angry--furious--but absolutely nothing has been done, yet. So far it's just talk. Just RUMORS that things are going bad, RUMORS that things are going to get worse.

So, if the largest obstacle to approving the bail-out is the price tag and the strongest force on the US economy today is the rumor mill, I propose a 100% Free Plan to bolster the economy, save the struggling markets and stimulate America's move back to a happy, ignorant, credit-based, stable financial economy.

We need to start the rumor that everything is going great. I recommend it start with a speech from the White House-- George Bush puts one arm around McCain and another around Obama and he tells the cameras that "They'd miscalculated. Bernanke did his math wrong. Everything's good. Going great."

Then we shoot this via satellites and internet, and of course, YouTube, over to Europe and Asia and they hear that the US economy is fine, that the "crisis" was just a "bank error," and it renews the confidence of global financial markets who are quick to swoop up the deals of the weakened dollar, buying more Converse shoes and Michelin tires.

Finally, I suggest we get some people on megaphones to stand around on Wall Street and read government reports on how much more ethanol fuel we produced, how many more pairs of boots, and how much higher our standard of living is compared to years past. We could put a few Squeelers right on the steps of the Capitol building. Just to remind everybody that times are good and that you're not really in as much debt as you think you are.

Either that, or admit that the threat of recession and the entire subprime mortgage crisis was a trick to get Sen. McCain out of Friday night's debate with Sen. Obama.

But more importantly: The Browns are gonna go with Anderson again this week. Anderson! Let's just say we're a country that loves a losing streak.

Why Get an MBA?

I just read an article entitled Why Go to B-School? by Brandon Cornuke. I did not love it, but it has propelled me to articulate my own perspective. Cornuke narratively conveys his fairly ambiguous decision-making process as a function of padding his resume and killing some free time. I believe that these dispassionate motivations will not be sufficient to spur Cornuke through the intellectual and emotional gauntlet of an MBA program, even with his 720 GMAT.

The reason to get an MBA... in fact, the ONLY reason to get an MBA as I see it ...is a passion for learning about business.

No one gets a law degree just because it would "help their resume." It would be ridiculous to expect someone to labor through med school because they had 8 years of "extra time on their hands." If I were getting my Masters in Entymology and you asked me if I liked learning about bugs, you have my permission to punch me in the throat if I respond, "No, I just really like the way Entymologists talk. And I think it will look great on my resume."

I understand that going to college (undergrad) has now become something you do after high school. But graduate degrees should still be reserved for those who have a passion (at least an interest) in gaining more knowledge about a particular topic. Cornuke seems to fail to recognize that he will spend the next two years STUDYING BUSINESS before he gets those 3 initials added to his resume. He'll probably do fine, it just bothered me that he alludes to no epistemological drive towards the subject for its own sake.

Wanting to Learn About Business is a great reason to get an MBA. Anything less will not have the power sufficient to generate the motivation to complete all the course work, projects and case studies that stand between a new student and his or her degree. If you watch MSNBC, read the Economist, WSJ, and books by Kottler, Keller and Hayes, or think you would like to read anything by the HBS, then you are the right person for b-school.

Here, as I sit typing in my 2nd month of classes, I would add:
A healthy dose of masochism doesn't hurt. --Shawn Butler

Great News, Fellow MBA Students

I don't know about you, but I loved the Report in the Wall Street Journal last week. Loved it! It is great news for anyone else starting their MBA this fall!

WSJ Monday, Sept. 17, 2007
The New Battle for M.B.A. Grads
“As the competition gets more intense, recruiting companies get more creative.”

THE HEAT IS ON for corporate recruiters. With demand growing for M.B.A. graduates, it is a seller’s market out there, making it tough for many companies to meet hiring quotas using old tried-and-true recruiting methods. At a time when career opportunities are so plentiful that students can afford to turn down even six-figure offers from investment banks, it is especially difficult for traditional manufacturers to make an impression.

So to improve their odds, recruiters are visiting business schools earlier and more often, raising starting salaries and touting their company’s dedication to work-family balance.

What’s more, some also are breaking from the traditional routine of on-campus presentations and cocktail receptions and trying something new: virtual recruiting. They are mining for résumés online, arranging video interviews and using instant messaging to cast a wider net and connect more effectively with today’s tech-savvy students.

“M.B.A. recruiting is a dinosaur,” says Greg Ruf, chief executive officer of MBA Focus, a consulting firm that promotes an online résumé database to corporate recruiters. “To be successful in the future, recruiters will need a different skill set. Rather than being event planners who are transaction-oriented, they’ll need to become more adept and comfortable with technology and the online world.”

(the rest of the Article is Available here.)

The article goes on to talk about how Bigger Money, Fliexible Schedules, and Choice of Location are being included to entice young MBAs, often before they've even begun their programs. Um... that's me. School starts in 2 weeks and I am officially already looking for my Internship. The Wall Street Journal also went on to give its annual list of top MBA programs. And just Look Who is Number 1 on the Regional Rankings... Go Cougs! --Shawn Butler