bobbobwhite

Wall Street Breakfast: Must-Know News

The oddest thing about the "stimulus" plan is that it will not not stimulate the economy as it's not going to provide much but tothe public sector(thus the socialism word). Obama is giving $500B to social services like MedicAid! What is taxpayer paid healthcare for "his poor people" going to do to solve this economic crisis? What is the taxpayer return on that investment? It sure doesn't build infrastructure that was the reason for the money in DC a while back. I guess this is his way of giving Civil War reparations to "his people" 150 years later.

Wall Street Breakfast: Must-Know News

Detroit has not been able to adjust to the global attack on its antiquated mindset regarding what a car should be for a user. Foreign makers have made high quality cars for decades, but Detroit still makes cars that fail in a few years, just like in the '50's. At one time I was not sure if junky Detroit cars everywhere was the result of owners neglecting them because they were bad cars, or that they were just crummy no matter what the owner did to care for them. Now I know...they are both.

No bailouts for any business, banks nor autos. They never work. Make it or break it on their own is they only way. Being in Detroit with aggressive unions is a real problem but not the entire problem(any excuse will do?)as Detroit wants you to think, as the main problem is cheap components and planned obsolescence along with a marketing-only mindset. Quality anything is way down on the list. "Make it look nice in the showroom, then sell, sell,sell!"

People are no different in Ohio or Tennessee or Mississippi than they are in Detroit, so why does Ohio(Honda)build a much better car? Modern attitude+ training+quality engineering, components and build= employee involvement. Detroit will not accept this so it has none of these, as it still stuck in its old time "glory days" wondering what happened and still thinking it is all someone else's fault. Left alone, Detroit will put itself out of its own misery soon.