Socialism cannot compete!

Wall Street Breakfast: Must-Know News

So...no national security concerns there with GE "joint venturing" with AVIC. :( How in h#ll have we allowed this to continue???


On Nov 16 09:34 AM Kolk Abuk wrote:

> GE's planned 50-50 joint venture with Aviation Industry Corporation
> (AVIC) of China illustrates a fundamental leverage that finance has
> over good sense where national interests are concerned. From AVIC's
> own website here:
>
> www.avic.com.cn/EN/cop...
>
> "China Aviation Industry Corporation (AVIC) is an ultra large state-owned
> enterprise and an investment institution, authorized and managed
> by the Central People’s Government...
>
> AVIC develops in series fighter, fighter bomber, bomber, transport,
> trainer, reconnaissance aircraft, helicopter, attack aircraft, general
> aviation aircraft, UAV, etc. It also develops engines and missiles,
> such as turboprop engines, turbo-shaft engines, turbojets, turbofans,
> air-to-air missiles, air-to-surface missiles and ground-to-air missiles.
> It develops and builds brand aircraft including J-10, FBC-1, FC-1,
> L-15, JL-9, etc., brand engines such as Taihang, Qinling, Kunlun,
> etc. It provides advanced aviation-weaponry to Chinese military forces."

Wall Street Breakfast: Must-Know News

That's what this form of socialism is: government picking winners. The way that control is exerted is that each company knows it must comply with the agenda if it wants to be among the chosen. The only recourse the public has right now is to boycott those "chosen" companies...Congress is *not* listening to the people.


On Nov 16 09:46 AM Dave M. wrote:

> Go witness the outrage (message boards set up) of the Delphi non-union
> employees who had their pensions slashed while the unionized employees
> did not. That's Obama filling the pockets of certain Americans in
> a discriminatory fashion. Hope and change on a selective basis. Makes
> me sick.

Wall Street Breakfast: Must-Know News

* GE execs should be tried for treason!
* Thomas Hoenig gets it.
* Let GM/Opel fail!! No American tax $$ to Opel!!!

Three Reasons for Bear - Fast Money Recap (10/15/08)

Angell is an idiot!!:

"He explained we can't survive deflation in house prices on top of a decline in equity prices."

Sorry Wayne...but over-inflated housing prices are a big part of the problem! We *need* them to deflate, in order for buyers to come into the market!! I waited to buy...and am still waiting. I *saw* that prices were bubbling. Do you think I'm going to step in now, with the government and idiots like you talking about using artificial means to prop prices up???

Let's cut to the core here: there are reasons why home prices are overinflated, and it's not just banker greed, or greed by those flipping houses. We have a population that is heavy to the "boomer" segment -- they have now reached a point in their lives where they are selling second homes...downsizing a bit in prep for retirement. That is being overlooked. The boomer population is also at the heart of the medicare & S.S. funding crises...and will be a tax revenue problem in general...because the government will soon be paying all kinds of *entitlement* and providing *services* to a large group of people with a much smaller base supporting it all...and the government will never trim back to any significant degree, while those boomers are still voting. *THAT* is the problem with ever having gotten onto a socialist, entitlement path to begin with!! It also underscores the grave error of our birth-control, anti-population mentality!! We'd have millions more in the work-force right now if it weren't for that immoral, fallacious thinking. The chickens are coming home to roost in all these respects.

It is clear that any efforts to prop up home pricing in the face of such significant demographic shifts are doomed to failure, and will only result in creation of another artificial bubble at the expense of taxpayers. This bailout is setting up for an even harder fall...and sooner or later, the people will have had enough and there will be another Tea Party.