axelrod608

Wall Street Breakfast: Must-Know News

Retail woes, consumer confudence, earnings all related to job cuts, unemployment. Corporations cut employees to get better earnings, but the unemployed spend a lot less. It is a downward spiral with consequences.

"Our" government is reporting unemploymen around 5% while shadowstats has it around 15%. When the Soviets did it, they were accused of propaganda. The feds calls it "seasonally adjusted".

Instead of reinflating the credit bubble, our tax money should be put to work in local banks to keep people working.

The losses of the nation's major megabanks are history. No amount of new money will rehab them. Why keep throwing good money after bad ?

GM, Ford and Chrysler are history waiting for the banana peel. They sealed their fate years ago fighting every mpg and environmental improvement and focusing on gas guzzlers. Taxpayer monies should go to the companies that will replace them..

The focus by American government on "fixing" the perps that got us here is a perverse repudiation of the Constitution of the United Sataes. Nowhere does it give the government the right to favor corporations over the good of individuals.

It's time to outlaw lobbying and lobbyists. 100% government campaign funding. Or pay the price as we are now doing.