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  • Wall Street Breakfast: Must-Know News [View article]
    Shaggieman, thanks for the positive comment.

    Looking at the history of the US, we started exploiting natural resources followed by efficient manufacturing + building the potential of average people ( free libraries, land grant colleges, etc.) to contribute. In the last 70 years we developed computers that give us the potential to solve problems previously insoluble. Its time to move beyond the concepts that started in the 19Th century (automobiles) by using our technical skills and our ability to manage risks (government seed money + venture capital).

    If we believe our own rhetoric, there is no other useful option!


    On Mar 26 12:43 PM Shaggieman wrote:

    > Drew you hit on something there. I think if the government fibers-up
    > every house in America (where it makes sense to do) then a lot of
    > trips become unnecessary. I believe the new Obama package has some
    > money in there for that purpose.
    Mar 26 15:25 pm |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Trying to "fix" car companies isn't likely to solve the basic problems of the transportation industry and will only put a temporary prop under companies that have long lost the sense of imagination and creativity that was their foundation. We would be better served if tax resources were given to a consortium of creative thinkers (Stanford, MIT, RPI and the like) with the assignment of fundamentally changing the basic approach to moving from place to place. Helping GM without addressing the failings of our current transportation paradigm is like putting money into newspapers. We all know they will and must change but the direction isn't clear. GM & Chrysler operate the equivalent of obsolete printing presses. We need to focus on the "Internet" of transportation!
    Mar 26 11:23 am |Rating: +4 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    1) Its time for AIG to sell divisions. Breaking them up is the right answer to the problem of being "too big to fail" and will give them some cash as well.
    2)Have them go into chapter 11 and abrogate all their credit default swaps. AIG is a global insurer yet the US is being asked to bail out all their global business. US taxpayers should not be asked to support Swiss, English and other international interests.
    3) If they want cash, I will loan them mine but not @ 3%.
    Feb 24 12:28 pm |Rating: +4 0 |Link to Comment
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