digitaldorobo's Comments

$75 Billion in New Treasuries on Deck Momentarily

Fri, 07 Aug 2009 09:38:07 -0400

What the hell are you talking about?

I moved from Alberta to Nova Scotia and in neither province have I heard that we 'sell every house/building that we build directly to the Chinese.' Now, if you mean the Vancouver, B.C. area, then yes, there are many Chinese there. However, don't make such generalized statements--it makes you sound an immature sensationalist and racist.

Try to represent your country with a little more pride.

On Aug 06 06:53 PM BlueFielder wrote:

> Uhhh... that's what Yanks have been doing for the last 10 yrs. We
> CDN's on the other hand just sell every house/buidling that we build
> directly to the chinese. You're sorta doing the same. But with a
> 2 step process. In the end...they're gunna own ya. They no big stupid.
> Love you for long time.
>
> On Aug 06 01:10 PM optionsgirl wrote:

Jon Stewart on CNBC's 'Worthlessness'

Fri, 06 Mar 2009 09:18:45 -0500

How the hell do people expect anyone (Obama) to fix decades of fiscal mismanagement and obfuscation in six weeks (that's when Obama was sworn in).

This mindset of instant gratification and impatience is what got us into this mess in the first place.

When you do your Spring cleaning, your house always looks messier at first.

On Mar 05 10:25 AM ED K wrote:

> Cramer was a avid supporter of OBama now he's blaming him for all
> our ills,it's kind of like his stock picks,loves em' today and hates
> em' the next day.

Another Tough Month

Sun, 01 Mar 2009 00:16:34 -0500

Are the voices in your head making you so paranoid? It's guys like you that are running out and buying all the ammo.

On Feb 28 11:34 PM Big K wrote:

> February will seem like a gentle month compared to what is in store
> for this overpriced market. The economy is shutting down. The new
> administration is using this as an excuse to seize communistic power
> and raise taxes on anything that is still profitable. Economy to
> shrink 15% this year, 15% next year and 15% the following year. Then
> the bottom is really going to fall out. The US government will be
> bankrupt, democracy will end, and we will be under a communistic
> dictatorship. Goodbye to the American experiment. Hello Amerika!
> The stock market has no bottom and no place in the future of this
> country. The population will be reduced to foraging in the woods
> and wilderness for edible mushrooms and insects. Convert all your
> money to gold. It must be physical gold in your possession. Paper
> gold stocks/assets will not be worth anything. The government will
> try to get your gold, so hide it and don't tell anyone you have it.

The New Unwind

Sun, 01 Mar 2009 00:04:44 -0500

Leftists?

Wow--if it isn't Reagan, it isn't right. Is that it?

How is that right-wing Reagan-esque capitalism working out for you right now? Stay that course any longer and you will be without a country.

Give your head a shake---maybe Fox and CNBC will fall out your ears.

On Feb 27 02:06 PM Steve in Greensboro wrote:

> Don't worry about consumption. What the consumer isn't spending,
> the leftists in control of the government are going to more than
> make up for.

Socialized: The Other Buzzword

Sat, 28 Feb 2009 21:02:59 -0500

"Canada has a 100% nationalized health care system."

If you truly knew the Canadian system as you say you do, you would know that there are private clinics at which you can pay directly to get an MRI, Cat Scan faster.

As for the number of Canadian drug companies, what does that have to do with anything? Let's say it's zero and that ALL the successful drug manufacturers are in the US. Then why, in your streamlined, successful private health care, do you pay twice as much for medication and many times as much for health care in general?

Answer: unbridled greed. The same greed that lobbies Congress to not allow African nations to produce generic versions that would save hundreds of thousands of lives every year because people would then actually be able to afford the pills.

Grab a clue.

On Feb 28 08:43 PM atlasman wrote:

> How is that? Canada has a 100% nationalized health care system. Your
> example supports my comment completely. Wish I had thought of it.
>
>
> I ran sales and marketing for a very successful Canadian company
> and am very familiar with the pros and cons of their health care
> system. I am guessing you are familiar with the pros. Do you really
> understand the cons? I do not have the time to go through it in detail
> but let me ask one question for now:
>
> How many drug companies does Canada have in the top 50 in the world?
>
>
> en.wikipedia.org/wiki/...
>
> There are no free lunches unless you are receiving an Obama housing
> bailout. There are consequences to every decision and I strongly
> suggestion the country thinks through them in depth and detail before
> they dive in to his version of change.
>
> On Feb 28 07:11 PM digitaldorobo wrote:

Socialized: The Other Buzzword

Sat, 28 Feb 2009 20:54:51 -0500

"no one respects Canada''

Ummmm...you mean the same Canada that created U.N. Peacekeeping for which we received the Nobel Peace Prize? (en.wikipedia.org/wiki/...)

The same Canada that has lost so many soldiers in Afghanistan?

The same Canada that was the destination for much of the Underground Railroad?

Yeah---we're total pricks.

On Feb 28 08:03 PM kelticman31 wrote:

> Yes, So we in the US can be loved and respected around the World..
> much like Canada! Oh, wait no one respects Canada..that's why you
> guys are so nice to everyone..YOU HAVE to.

Socialized: The Other Buzzword

Sat, 28 Feb 2009 19:12:46 -0500

Communism? Wow---a little black and white wouldn't you say?

How's that strict capitalism working out for you guys?

On Feb 28 09:17 AM cabaretewilliam wrote:

> Another example of using communism to try to rescue capitalism, and
> in the end replace capitalism!

Socialized: The Other Buzzword

Sat, 28 Feb 2009 19:11:38 -0500

Yet again, more jingoism to capitalism. Why do people like you see only polar opposites?

Canada has done very well with government control over healthcare while letting other sectors be privately run.

Your 'all-or-nothing'' perspective is out of whack with the majority of countries outside your borders. But, if more Americans had realized there is a successful reality outside of your borders, you might not be where you are right now.

On Feb 28 08:46 AM atlasman wrote:

> You cannot soicialize a piece of the financial market. It really
> is an all or nothing propisition as Fannie Mae and Frddie Mac showed.
> Once government takes over one bank, they will use their competitive
> cost advantage with rates to slowly take over the market and puish
> the remaining banks aside. So which is it, socialize the entire financial
> system or let capitolism reign. It really is one or the other. You
> cannot thread the needle and have the best of both worlds.

Learning from Canada Is Not Un-American

Thu, 26 Feb 2009 08:31:48 -0500

Thank you so much for this article.

We in Canada have been watching the economic bloodshed with amazement.

We are not a socialist country; we are simply a little to the left. It shocks us when American's polarize any country that is different e.g. 'Canada is too socialist/ is communist.'

What has this enabled us to do?
-increase regulation of predatory capitalism--the very type that creates a parasitic elite that destroys an economy, and its country, in the end
-increase the quality and coverage of healthcare (my family of four pays less than $100 per month for excellent care)
-keep businesses competitive through lower healthcare plan costs
-teach personal responsibility through realistic mortgage requirements
-kept our crime and murder rate to a much, much lower level
-increase the quality and breadth of our educational system

How have we done this? By looking around the world at what works and what doesn't and then adapting.

I know I will probably get a lot of thumbs down for this post. But, before you hit the button, ask yourself if knee-jerk jingoistic U.S. hubris in 'sticking to its guns' or 'don't mess with Texas' is part of the reason it is where it is right now.

Anyone who thinks they can't learn from others is doomed to fall behind.

Cheers

Bernanke and Obama's Spending Schemes Could Ruin U.S. Economy

Wed, 04 Feb 2009 09:26:07 -0500

Nice ranting aticle

When you put that much bias and emotion into a financial article, many of us will simply line the birdcage with it.

Put your thinking hat on a little tighter.

Gold: Wealthy Investors Want Bars, Not Paper

Sun, 11 Jan 2009 22:18:52 -0500

I can't afford gold bars and I am not stupid enough to invest in paper gold (GLD) or silver (SLV) so I bought into Central Fund of Canada Limited. It is independently audited twice a year to ensure that it holds aroun 95% of its worth in physical gold and silver.

Better yet, I buy it on the Canadian exchange so my money stays in Canadian dollars rather than the soon-to-be-worthless US dollars.
Central Fund of Canada Limited(Public, TSE:CEF.A)

However, if you insist upon buying it on a US exchange: Central Fund of Canada Limited (USA)(Public, AMEX:CEF)

Check it out on Yahoo: finance.google.ca/fina...

Good luck all. Batten down the hatches...

Welcome to 'Ermflation'

Sat, 10 Jan 2009 20:50:09 -0500

What's wrong with socialized healthcare? Here in Canada we have universal healthcare (and I don't know any Communist Party members, lol).

Is it better for an economy if people go bankrupt by not being able to pay their medical bills?

On Jan 10 01:17 PM Steve in Greensboro wrote:

> Sell signal, big time.
>
> Note the +2 -5 on my comment about Bambi being more socialist and
> clueless than our RINO-in-chief Bush. This shows that there are a
> lot of people who have ridden the market down during 2008, expecting
> that the Obamessiah will solve things. They are going to get hammered
> further in 2009 (along with any who is long U.S. equities) as Bambi
> and his fellow Democrat-rocket-scient... in the Congress implement
> their green technologies, union-card-check, socialized healthcare,
> etc.
>
> Sell, sell, sell U.S. equities during 2009 and then U.S. dollar denominated
> assets generally in 2010 as inflation kicks in.

America: Is This the End of an Era?

Sat, 10 Jan 2009 20:36:38 -0500

Ahhhh yes, an old timer whose only solution is to return to the old ways.

Nice out-of-the-box solution.

On Jan 10 07:33 PM realold wrote:

> Hi folks,
>
> As an old guy, I must say that I agree with the concept that we consume
> to much and produce to little. My parents and everyone I knew as
> a kid were "productive"... They made, grew or sold things that were
> made here.
>
> For some reason, this became unfashionable. We didn't need to do
> "menial" jobs. We could do "paperwork" and be educated and sophisticated.
> Let the overseas masses do the manual labor. That expanded to growing,
> cleaning and cooking your own food - how gross, let someone else
> do that. Now, just eat veggies and look good.
>
> Point is, we evolved into useless, politically correct (everyone
> needs to be treated equally and be saved from themselves) but nice
> looking paper pushers. Hard work is not important. Everyone should
> share the benefits and be treated with respect and gag gag gag even
> if they are unemployed leaches. What is important is to be hip, attractive,
> and very liberal. Or, to take advantage of the myriad educational
> and social services and then head back to the home country.
>
> We did this to ourselves.
>
> America became great because of its individuals and resources. Efficiency
> and freedom are very important. How many people are contributing
> to what you need to live? How many people cannot even speak the language,
> but think they are entitled to all the benefits of the efficient,
> single language society that produced those benefits? Social programs
> and liberal attitudes did not create this country.. I doubt the Puritans
> were liberal.
>
> This is a far more complicated problem than just bailing everyone
> out and debasing the currency. It requires a paradigm shift - backwards,
> as most would call it.

America: Is This the End of an Era?

Sat, 10 Jan 2009 20:29:11 -0500

Ummm...there weren't waves of Buddhist monks torching themselves. Nice exaggeration.

"Japan has always been tolerant of a number of religions" -- wrong. Another nice exaggeration.

As for prejudice, I lived there for five years and can tell you it is quite real, especially against blacks and south east asians. WWII brought the Bataan Death March and Nanking massacre among others.

If you are going to make an argument, support it with facts, not fiction.

On Jan 10 10:43 AM anarchist wrote:

> Nice to hear from a student of history. I seem to remember waves
> of Buddhist monks torching themselves in Vietnam in protest of the
> U.S. presence. Have you ever been it Japan? Japan has always been
> tolerant of a number of religions including the Buddhist. I have
> a friend who was raised in Japan during the second world war, his
> mother an American and his father German and they were never harassed
> or sent to a detention center unlike the good ole US of A where panic
> and ethnic hate overruled common sense - kind of like now (viva guantanamo
> eh iThinkBig?).

America: Is This the End of an Era?

Sat, 10 Jan 2009 20:23:46 -0500

You actually believe that America is still the greatest country? Of what? Innovation and military might won't replace the rust coursing through your country's veins.

On Jan 10 09:15 AM abetterplace wrote:

> Has anyone ever witnessed a victory of any sort, by a group or team,
> that was negative to everything positive and positive to everything
> negative.These postulations come not from true Americans that believe
> in this country, but from a segment of the millions that are here
> ,by America's courtesy, to find a better life from some other God
> forsaken country that they call home. While most of these are good
> people, some harbor a rage of jealousy towards the USA. Most felt
> to have a successful life they had to come here, although, they would
> rather be in their home country. Some of this bad sentiment comes
> from born and bred Americans that at some point fell down on their
> luck and cannot seem to recover. Thus, let's just all hate America
> and all it stands for.
>
> My advice to these people is to do something constructive, say something
> constructive, get a life. If you can't, crawl back in the hole whence
> you came. You will be left lying there by the rest of this America
> that is going to recover
> and continue to be the greatest country on the face of this earth.
> You can be a part of it or die fighting it.
>
> To all, Have a great day!

America: Is This the End of an Era?

Sat, 10 Jan 2009 20:12:14 -0500

Then stop producing crappy cars.

If you build them, they will come.

Until then, look out below.

On Jan 09 09:40 AM Michael66 wrote:

> People just do not comprehend how much harm they do to the American
> economy when they buy an imported car.
>
> Take, for example, the effect of buying a $50,000 Mercedes here in
> the US.
>
> Approximately 60% of the list price of the Mercedes or $30,000 is
> transferred to Germany. That is $30,000 of American capital. The
> US loses $30,000 of capital and Germany gains $30,000 of capital.
>
>
> This $30,000 of capital is permanently lost to us. We can no longer
> use it to invest in America.
>
> In addition to a transfer of capital, that $30,000 transferred to
> Germany also represents $150,000 of jobs transferred to Germany.
>
>
> Economists figure that when one dollar is introduced or transferred
> out of a country it actually represents $5.00 of jobs gained or lost.
> This is called the “Job Multiplier effect” of capital lost or gained.
>
>
> Multiply $30,000 by the standard job multiplier of 5 and you have
> the sum of $150,000 which is the dollar value of jobs that the $50,000
> Mercedes sent to Germany and that we here in the US have lost.

>
> In other words, the purchase of the Mercedes lost America the equivalent
> of three jobs each paying $50,000. Germany gained the equivalent
> of three jobs each paying $50,000.
>
> Currently we are transferring $6,000,000,000 (six billion dollars)
> of capital per day out of the US to purchase depreciating and wasting
> assets. In essence, we are squandering our capital.
>
> This is a disaster in the making.

What Is Going On With Gold?

Thu, 08 Jan 2009 11:14:39 -0500

Kind of like being the prettiest waitress at a Denny's restaurant...

On Jan 08 07:13 AM GORILLA800 wrote:

> But all fiat currencies are basically worthless and the dollar wins
> by default .Not a great reason to be in fiats.

Another Dr. Doom: Peter Schiff

Thu, 08 Jan 2009 10:54:07 -0500

Unfortunately, most Americans don't really they rank last and almost last in most internationally recognized statistics among the industrialized nations e.g. infant mortality, ROI on education, poverty, health care, child care services, high murder rate, crime, quality of life, etc. Of course, this isn't taught in your schools. And the govt sure doesn't want to admit it.

It seems Americans get their international geography and knowledge only when they start a war.

Look outside your own country as "the fish doesn't know it is swimming in water."

The Norman Rockwell 1950s are over. Stop with the knee-jerk jingoism.

-----

On Jan 08 09:31 AM User 55065 wrote:

> Well Dr Bosun, you need data..rah rah..! Ever looked into why the
> US has the highest per capita consumption of energy, consumer goods,
> transportation, ...because US consumer can afford it--and afford
> it easier than any other country. Ever wonder why US has the highest
> per acre food production in the world, why US companies develop
> most new pharmaceuticals, why does every goods maker target US as
> the main market to sell into? You really need data..I thought you
> were knowledgable enough to know such simple facts. Yes, I may be
> somewhat biased in favor of the US, but only because I have not found
> a better place to live, at least so far. Any suggestions?? I am
> not ready to move to China or India or even France or Sweden--last
> time I visited them, US was still a better place to be.

What Happened to the American Dream?

Mon, 29 Dec 2008 18:29:58 -0500

Healthy discourse is never unpatriotic.

Knee-jerk reactions such as yours come from those who seek to sustain the status quo rather than help heal.

Open your eyes and your heart.

On Dec 29 06:20 PM john1 wrote:

> Just more unpatriotic negativity from liberals who hate America,
> and the troops.

What Happened to the American Dream?

Mon, 29 Dec 2008 14:24:34 -0500

Yeah, "return to our roots"-- God is the answer, lol.

In fact, let's go back to the days of the overbearing Catholic and Protestant churches. Let's go back to slavery.

Anyone who needs someone else to tell them how to live surely has no answers.

Anyone looking back for answers clearly is going to trip over as the world moves on.

Welcome to present.

On Dec 25 12:59 PM faithmore wrote:

> You hit the nail on the head. What you said is all true and could
> not be stated better. Unfortunatly our leaders could care less. You
> are a nobody like me just trying to squeak in a few insights of truth
> before the next shoe falls.
>
> The only thing you forgot is the truth that Washington, Franklin,
> Lincoln, Jefferson, Madison and other of our great leaders relied
> on when the chips were down. They relied on a God which they believed
> was real, not some fairy tail or flawed religious church. And they
> prayed. All were prayer warriers.
>
> Need I say more. Only when God intervenes directly will America be
> restored to its roots. "In God We Trust" is our motto, but our mantra
> is "Me First". The squeeky wheel gets the grease. The rest of us
> get screwed. How stupid to trust those that betray and hate God.

Five Sophisticated Gold and Silver Investment Strategies for 2009

Sun, 28 Dec 2008 17:16:16 -0500

Absolutely. COMEX is a house of cards waiting to fall.

If you want to invest in the real thing (backed by actual silver and gold, not paper), get into Central Fund Of Canada. Central is listed on the NYSE Alternext - Symbol CEF and the Toronto Stock Exchange - Symbols: Cdn. $ CEF.A and U.S. $ CEF.U -- buy in on the Toronto Stock Exchange (why hold US dollars?).

CEF gets audited 2x a year to make sure it holds aroun 90% gold and silver, not paper like the COMEX.

Cheers and good luck this year to all.

On Dec 28 01:24 PM Clavis wrote:

> Chaps, if you are buying gold/silver, remember to buy the real stuff,
> not pieces of paper offering; or not; delivery at some future indeterminate
> date, i.e. AVOID COMEX

Enlightening the Gold Bugs

Wed, 24 Dec 2008 09:55:56 -0500

User 10755: Wouldn't gold depletion result in increased price? You know---the old supply and demand thing?

Here Come the ZIRP

Thu, 18 Dec 2008 10:22:36 -0500

"that's what democrats do: they spend money. In fact,
> they're good at it."

Drop your knee-jerk republicansim.

Take a look at the massive spending during Reagan, Bush Sr., and Bush Jr's terms. They outspent the Democrats by far and put the US in deep debt.

Stop blaming Democrats or anyone else.

On Dec 18 10:01 AM D. McHattie wrote:

> Well, we know that the Obama administration has the support of Congress
> in passing a massive fiscal stimulus package, right? Not judging
> anyone but that's what democrats do: they spend money. In fact,
> they're good at it.
>
> Sure, there will be a metric tonne of waste and I'm sure the usual
> suspects will line up at the trough for their ration of pork. But
> the fiat currency will enter the system and it will get spent.

>
> It seems to me, in light of this, we shouldn't be waiting years for
> a resumption of inflation.

Preparing for a Rally

Thu, 04 Dec 2008 08:50:53 -0500

"Personally, I see unemployment reaching 10% as nearly 4 million Americans lose their jobs"

Add 5%. Just like the CPI, unemployment has been much higher than the government stats actually admit. Check out www.shadowstats.com/

Politically, it is not in the government's interest to show bad economic statistics. When gas and food gets factored back into the CPI, I'll start believing what the government publishes.

Bail Out Capitalism, Not Detroit

Sat, 22 Nov 2008 16:16:05 -0500

Great, another illogical bible thumper who turns everything into a religious argument.

God and economics?

40,000 children starve to death everyday in the world and your God only steps in to punish?

Nice.

On Nov 21 05:33 PM vs7578 wrote:

> I sincerely believe that God is now punishing USA and corporations
> .
> The evility has been done for last 500 years by the US Governemnt
> and the corporations alike whether it is unethical wars or slavery
> or colonism or mistreating people unfairly or promoting pornography
> or keeping profit above people's rights..
> Remember,the largest profits GM and Ford and many hotel industry
> get are not from a creative product design but from pornography.

Tough Love for Detroit Is Long Overdue

Wed, 19 Nov 2008 09:30:44 -0500

bosun.j:

What the hell are you talking about?

This isn't class warfare. This is simply the case of a union that was too stubborn to realize that their demands could not sustain an industry that made crappy, overpriced cars.

By your logic, everyone who worked on the assembly line would make 100k a year. Then a Ford Focus would cost $80k. How's that for an unsustainable industry?

Put away Marx and pick up a book on manufacturing economics.

On Nov 18 02:02 PM bosun.j wrote:

> This entire let them fail - save them argument boils down to one
> thing.
>
> Breaking the union. Driving all workers into poverty.
>
> Its class warfare at its ugliest. Its the Extremist-Capitalist owning
> class desire to own and control everything. A middle class is too
> much of a problem for the elites.
>
> The middle class cannot be allowed to move above Maslow's lowest
> level on the hierarchy of needs. Those physiological needs of breathing,
> food, water, sex, sleep homeostasis and excretion.
>
> Never let the workers achieve Maslow's second level where security
> of body, of employment, of resources, of health or of property.
>
>
> No, indeed. When those awful workers start to feel safe they start
> wanting things the elites aren't willing to allow them. You know,
> human rights.
>

Tough Love for Detroit Is Long Overdue

Wed, 19 Nov 2008 09:27:09 -0500

John D:

You stated that the Big Three were "blindsided by the skyrocketing fuel prices."

Ummm...didn't they learn their lessons from the past 'skyrocketing' of fuel prices?

Maybe if the Big Three had proper risk management policies, they wouldn't have put most of their eggs in one basket with their gas guzzling SUVs. Seriously, why the hell would any business allow itself to be pegged to something as volatile as oil prices? Truly idiotic.

Such a myopic business model shouldn't be rewarded with public fund bailouts.

On Nov 18 01:41 PM John D wrote:

> Joel ... you seem very high on Honda & Toyota environmentally
> friendly cars - if you look back, that must mean GM was well ahead
> of it's time when they came out with AV1 electric vehicle technology
> in 1990 - and if I remember correctly - North America had ZERO interest
> at the time therefore there was NO market and GM went back to what
> the people wanted. Here in North America everyone loves to jump on
> the bandwagon but have difficulty presenting the facts - I'm quite
> sure that the Asian cars are of good quality - BUT - FACT - they
> don't provide 78 jobs per 2500 cars built here like the Big3 but
> a mere 33 jobs per 2500, so what you are saying is that you would
> risk removing over 50% of the automotive jobs because Honda's &
> Toyota's are PRETTY. With those jobs lost - who is going to pay for
> the financial bailout - if the Asian imports had been regulated to
> an even playing field back in the 90's when the 1st electric car
> was brought out - North America would not be in the SAD shape it
> is in today. The cars companies have been trying to warn about this
> for years but again - no one WAS interested.Obama said it during
> one of his speeches - why do Americans allow Korea to dump hundreds
> of thousands of cars here and we sold a whopping 5000 there.

>
> There was no real problem with the Big 3 - they were all inline with
> they're restructuring efforts, other that they were blindsided by
> the skyrocketing fuel prices (which the North American governments
> AGAIN did ZERO to head off) and the biggest problem being the collapse
> of the financial sector which is preventing people from purchasing
> a house or a car as there is NO CREDIT available - Japanese &
> Korean car companies have more money to burn through (and are doing
> so at the same rate) but you can bet the Asian governments will stand
> by them to insure they're around in the future to get YOUR profits
> and take them home to support THEIR people.

Tough Love for Detroit Is Long Overdue

Wed, 19 Nov 2008 09:21:52 -0500

John D:

I had to shake my head when i read your post; you made little sense, if any.

Why should we prop up a business model that requires more employees to create a product. It is unsustainable if the competition can do a better job (AND MAKE BETTER CARS--NOT JUST 'PRETTY' AS YOU STATE) without the same overhead? I thought capitalism is about survival of the fittest/most adaptable...

By your logic, we should subsidize inefficient corporations with taxpayer dollars. That's socialism. How long should the free money continue?

It is plain and simple---the US auto industry had fought innovation, safety standards, and lower fuel consumption for decades. It failed to adapt due to its greed and inertia. It will die by its own hubris.

The UAW unionized itself out of jobs by its 'us or them' mentality. No one should make $20/hour plus benefits for turning a screwdriver. Also unsustainable.

If America is truly the champion of capitalism, it would let these bloated pigs die a natural, Darwinist death.

On Nov 18 01:41 PM John D wrote:

> Joel ... you seem very high on Honda & Toyota environmentally
> friendly cars - if you look back, that must mean GM was well ahead
> of it's time when they came out with AV1 electric vehicle technology
> in 1990 - and if I remember correctly - North America had ZERO interest
> at the time therefore there was NO market and GM went back to what
> the people wanted. Here in North America everyone loves to jump on
> the bandwagon but have difficulty presenting the facts - I'm quite
> sure that the Asian cars are of good quality - BUT - FACT - they
> don't provide 78 jobs per 2500 cars built here like the Big3 but
> a mere 33 jobs per 2500, so what you are saying is that you would
> risk removing over 50% of the automotive jobs because Honda's &
> Toyota's are PRETTY. With those jobs lost - who is going to pay for
> the financial bailout - if the Asian imports had been regulated to
> an even playing field back in the 90's when the 1st electric car
> was brought out - North America would not be in the SAD shape it
> is in today. The cars companies have been trying to warn about this
> for years but again - no one WAS interested.Obama said it during
> one of his speeches - why do Americans allow Korea to dump hundreds
> of thousands of cars here and we sold a whopping 5000 there.

>
> There was no real problem with the Big 3 - they were all inline with
> they're restructuring efforts, other that they were blindsided by
> the skyrocketing fuel prices (which the North American governments
> AGAIN did ZERO to head off) and the biggest problem being the collapse
> of the financial sector which is preventing people from purchasing
> a house or a car as there is NO CREDIT available - Japanese &
> Korean car companies have more money to burn through (and are doing
> so at the same rate) but you can bet the Asian governments will stand
> by them to insure they're around in the future to get YOUR profits
> and take them home to support THEIR people.

Corporate Bankruptcies: More Bad News Around the Corner?

Wed, 12 Nov 2008 09:57:51 -0500

The hubris of the automotive industry and the greed of the unions and their members have come home to roost.

Good bye Big Three. Long overdue.