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  • Wall Street Breakfast: Must-Know News [View article]
    I get the feeling that all our policy makers in DC are fearful of "what will happen" if we just allow market forces to operate normally and let the weak companies fail and the strong survive. Allowing a dinosaur like GM to keep sinking deeper and deeper into the tar pit while force feeding it neverending billions or trillions of dollars is NOT going to change the eventual outcome. Why not use the funds to develop alternative industries that have a future ?

    They keep pouring money into 20th century behemoths that are not ready to compete in the 21st century. Keeping the aging dinosaurs on life support takes money from young dynamic new companies that could change our national economy.

    We tried an economy fueled by consumption based on unlimited cheap credit and the financial institutions to deliver the unlimited cheap credit. It clearly didn't work. It's time to try something else.

    Here's a thought - let's go back to MAKING THINGS. Useful things. Things that use very little fuel. Things that collect and distribute solar, wind, tide, geothermal energy. Let's find ways to grow food that don't require vast inputs of energy.

    There's so much to be done. GM and Goldman Sachs aren't going to do it. Let's fund the folks who can.
    Oct 28 11:21 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    >The money was originally intended to speed the availability of fuel-saving technologies > Great. Now we're taking funds designed to promote green fuel improvements and using them to bail out the global leader in the production of gas guzzlers. What next ? A preschool for every pedophile ?
    Oct 28 08:21 am |Rating: 0 0 |Link to Comment
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