James Wood

Paulson's Plan Fails to Understand the Problem; Madoff Is a Perfect Example

I am opposed to throwing money down a rat hole, which I believe will happen with much of the Paulson plans. I am in favor of plans to get money to our needy workers and businesses where that money can be beneficially employed. As you focus on the auto business, I suggest you might want to look a what I consider to be a good plan to realistically save the autmotive industry. You can see this article at "A Solution for General Motors"
seekingalpha.com/artic...

Thanks. Jim Wood
.



On Dec 16 03:45 AM Nothing from nothing wrote:

> Your argument is very similar to one I have been listening to lately
> with the exception of your political footnote.
>
> How is borrowing money to build roads fundamentally different than
> borrowing money to build houses was in the first place? According
> to your argument, the empty houses of the real estate bubble should
> have saved our sorry butts. Afterall, building them created jobs
> plus we got rows and rows of them sitting around. In a very real
> sense, we-the-people, are owning them since we now own the banks
> that own the houses that nobody lives in or takes care of.
>
> Tell me what good the roads are gonna do us if nobody has a car,
> gasoline or the means to obtain either??? Is that why Obama is supporting
> the Big-3-Bailout ya think? Or perhaps the campaign funding he received
> from their lobbyists or the UAW had something to do with influencing
> his perspective on that one?
>
> What about this idea... What if we all started to work on figuring
> out how to save money rather than spend it? What if we began promoting
> some goodwill and cooperation instead of greed and competition starting
> right here at home?
>
> If Wall Street wants to join Main Street in this endeavor, then step
> up. If not, then they should back up
>
>
>