Sirius XM

I have certainly made it clear that I LOVE Satellite Radio. With the merger complete and the stations now in sync, radio has never been better. Today, the stock hit .20 and I think many of us beleaguered share holders are in for a bankruptcy.

I believe I've said this before. FUCK THE FCC. See, the FCC dragged their feet needlessly, or for a more honest reason, the National Association of Broadcasting (Corporate Radio) paid gazillions in lobbying to delay and prevent this merger. The folks that bring you 2o minutes of music and 40 minutes of commercials every hour on FM are threatened by this tiny new industry called Satellite Radio. In the end, the NAB lost and after nearly 2 years of "consideration" the FCC finally caved in to the reality that Sirius and XM were not a monopoly. During that time period, Sirius and XM were bleeding severely with the hopes they could merge and stop competing. With the two of them working as one, they stand a really good chance of being a nice profitable little company that provides a great product to anyone that wants it.

The bad news is that the two companies racked up an insane amount of debt during the waiting period and when the merger finally was completed...the stock sank. Some investors jumped out and cut there loses, sucks...but it was smart. For those of us holders of SIRI, we have found ourselves watching day by day, the ever sinking ship that is Sirius XM stock.

The auto industry doesn't understand this concept, however it seems that thousands of other companies do. It's called, Bankruptcy restructuring. It's where you enter bankruptcy and you do business as normal, all the while you are offloading your debt and making your company leaner and more efficient. I can tell you, I'm going to get screwed if they do go into bankruptcy, however they will at least emerge stronger and continue pumping great content in to my vehicle no matter where I am on the road. I would say the government should bail them out just like everyone else, especially because it's the government who put them in this position in the first place....however, our fearless leaders are not known for responsible patterns of thinking. Instead, they'll reward GM, Ford and Chrysler for horrible management and allowing labor to cripple them....and do it with my hard earned dollars. Out of curiosity, where are the conservative voices on this one? Oh, that's right, you hear them only on conservative talk radio...the same thing our new leadership regime wants to censor. Maybe I should look the other way and get excited about this "Change we can Believe in" like 52% of our country???

Ron Paul for President 2012 (He may be a little nutty, but he's got a good message)