davemcc3300

Wall Street Breakfast: Must-Know News

"Making things", says axelrod. I agree 100%. See what our "service" economy has done for us: left us dependent on the rest of the world. We are witnessing the USA slumping into second place. Who's in FIRST? No single country. We'll see more international alliances, with USA being just one of the players.

Should we shovel taxpayer money into losers like GM? Or how about a multi-time loser like Chrysler? Helloooo ...? Is it just that some flag-wavers want Toyota to fail? Guess what: businesses that do things the smart way will ALWAYS be succcessful.

And when you look at the flag-wavers very closely you see that the little buttons on their collars aren't American flags, they're "Vote Union" or the UAW or Steelworkers -- the unions that bullied management into sucking their employers into fundamentally and internationally uncompetitive postures.

What do we do now? Buy the best cars at the best price = value. Need steel? Go to Nucor -- a new breed of corporation -- not US Steel. Want to build good North American businesses? Let the private sector, including the investment bankers of the future, make the investment decisions. NOT the government!

It might take Americans another 4 years -- with the lemmings putting Obama into the presidency -- until we learn that we can't spend money we don't have, import things that take too much fuel to get to us, buy twice the house we need to live in, subsidize weak industries, vote union representation to talk to management or look to anybody else but ourselves to provide faithfully for us.

We Americans are self-satisfied, slow learners.

Which reminds me: where are the engineers and scientists that will help us recover? Maybe some will be graduating in 4 years.

Dave