Moon Kil Woong

Economic Efficiency Cannot Be Calculated

As always almost 100% with you on your posts. With all the mass unpredictable Fed and Treasury moves it will be extraordinarily hard to determine the effects of any one or combination of actions taken by them. It's like treating a patient with a fever with flue shots, antibiotics, ritual bleeding, depessants to make them sleep, and and stimulants to wake them up. The cure is more likely to kill them than the disease.

Thanks for the quote Confucius quote. High salaries for bailed out execs do make us all sick. Catapillar is still profitable and their execs took a voluntary pay cut. I'd be happy to bankrupt GM and put it under their management any day. The big question has always been, how do we replace the management without harming the business and industry. So far management's refusal to leave, cut their salary, or do anything else but hold their employees and companies hostage for taxpayers ransom has left no other option but bankruptcy to solve this issue.

Poor GM and poor America who has to bail them out. I doubt it will solve anything. I didn't in the 70's. That's why they are still in this predicament 30 years later.