theblueamerican

Wall Street Breakfast: Must-Know News

Have some faith. The sun will come up tomorrow. Yes, the taxpayers will be paying the bill but I bet a few years down the road it will be seen as the right way to go. I think P & B get it that if there isn't a pay off for Main Street then there won't be a pay off for Wall Street. P has not done a good job of selling it but when the final deal of the bail out is all worked out, it will not make anybody happy at first but down the road it will have been the seen as the right thing that did get done. N obody likes to take medicine but they all like what it does.

Wall Street Breakfast: Must-Know News

It isn't the unions that has caused the downfall of GM. It is healthcare costs for retirees. GM can compete against Toyota. It cannot compete against Japan. If we had universal health care coverage in this country and American companies could get out of having to offer healthcare benefits to it's employees then GM would be in better shape. And before someone starts screaming about socialized medicine let me state a few observations. Healthcare is not free. It costs money to provide good healthcare and money is a finite resource. Everyone has an obligation to take care of themselves by eating right, exercising and not smoking. (Tobacco companies use to get government subsidies, why shouldn't lung cancer patients) But every American citizen has a right to decent healthcare. One of the things that made America great was the availability of a free education to everyone, just not for the rich. Modern medical technology is expensive. Some CEO shouldn't get rich by saying no to the insurance company saying no to my medical care. Why would you want to be part of a society that put greed above the well being of it's citizens regardless of economic class. Let's have compassionate capitalism in America. Money isn't isn't evil but the love of money is or so they say.