eddie6442

Wall Street Breakfast: Must-Know News

Earth-to-Congress: AUTO BAILOUT/LOAN

Separate the 3 auto manufacurers into "Individual Entities", each supplying a proposal and business plan for Breakeven & Profitabilty. EACH FIRM will actually be applying for a loan, and be accepted/rejected based upon its own merits.
Congress will then have placed the three in competition with each other, not only for government funds, but for survival. Competition.........wh... a novel idea in an entitlement world of Detroit!
The UAW will have to submit its own plan confirming any/all concessions the auto makers incorporate into their plans, and further commit to reasonable bargaining over the next three-to-five years while the industry recovers..........
Congress will not only effectively have removed the "gun-from-their-head", but can expect detailed input upon which a proper funding decision can be made............ Also, there will be detailed proof that "One-fails--All fails" is BOGUS!!!!!!!!
Amazing -- Congress actually can show the proper Loan Application Process for all to see and copy..............
THINK OUT OF THE BOX FOR TAXPAYERS SAKE!!!!!!!

Wall Street Breakfast: Must-Know News

Auto bailouts/loans:
It's difficult to justifying putting money at risk when the recipients are adamantly & defiantly oppossed to making the "obvious" changes required to the business model.
Managements have a history of wrong decisions and weakness when negotiating with labor unions.
UAW has a history of strong arming & threatening, to gain "unreal" concessions, which are economically non-competitive.
They together have built a monster than cannot be tamed, so the only alternative to their irrational and insane behavior is regrettably to
ALLOW IT TO DESTROY ITSELF...............

The Phoenix rose from the ashes...........so can US auto industry.........
but only with a different paradigm & players............

Einstein defined INSANITY as "doing the same things over and over, then expecting a different result!

Wall Street Breakfast: Must-Know News

Governments have successfully implemented strategies to "directly" aid the economy and production.
[1] Companies to receive 100% tax credits, or current year depreciation writeoffs, for purchase of specific technology products. New PC's, Servers, Video Conferencing, etc..........
[2] Consumers to receive similar incentives for purchases of PC's, Cell phones, TV's, DVD's, etc. aimed directly at product sectors most weakened.
[3] Governments, Federal, State and local are in the stone ages technologically. Federal grants to reimburse purchases at all levels to update security, data bases, applications, etc for better efficiency and productivity.
[4] Professional services are required for the installation, and implementation of most all these, so employment is buoyed.
[5] Other similar ideas can be applied to automobiles, home appliances, HOUSING, etc.
[6] For example, a major incentive for trucking companies to convert their fleets to operate on Liquid Natural Gas, which also saves on oil consumption and helps the environment.

WHERE ARE ALL THE BRILLIANT THINKERS THESE DAYS?????????

Governments only solution seems to be to THROW MONEY ARBITRARILY, WITHOUT SPECIFIC CONDITIONS, AND HOPE FOR THE BEST.............

Wall Street Breakfast: Must-Know News

TARP money was gained by false pretenses initially. Half has been used for purposes "other than" those designated when "America needed it this weekend to avoid financial collapse".
Now the remaining $350 BILLION won't be used/needed so Paulson is leaving it for the new admin...........TO SPEND AS THEY SEE FIT!!!!!!

NOVEL IDEA: RETURN TO TAXPAYER..........UNSP...

Wall Street Breakfast: Must-Know News

Why hasn't SARBANES/OXLEY been reversed????????

Why hasn't MARK-to-MARKET accounting been rescinded????????

Does our government want to SOLVE THE PROBLEMS or simply THROW MONEY AT THEM?????????
Money = symbol of POWER!!!!!!!!!

INCREDIBLE, as every expert has been saying for months, these changes are MANDATORY!!!!!!!!!!!!!

Wall Street Breakfast: Must-Know News

What the government "still" hasn't done, all of which will help our financial system "tremendously"...........
[1] Rescind SARBANES/OXLEY;
[2] Reverse Mark-to-Market Accounting;
[3] SEC to reinstitute UPTICK RULE;
[4] NAKED SHORTING made ILLEGAL & prosecuted;
[5] CONDITIONS placed on all BAILOUT MONEYS TO ACCOMPLISH DESIRED RESULT IN ECONOMY;
[6] Paulson changed the TARP "completely" by saying, "I DECIDED"!!!!

One has only to wonder WHY, and WHO IS REALLY IN CONTROL of US?

Wall Street Breakfast: Must-Know News

Bailing out the auto industry with $25--$50--$100 Billion will accomplish "exactly what"?
Will the management that created this mess be replaced?
Will the union contracts be changed to "similar to" Toyota/Honda wages/benefits?
Will the unfunded pensions/healthcare benefits disappear?
Will the ongoing Delphi Billions be waived?
Will quality of cars be re-engineered?
Will shoddy QC be ended?
Will sloppy & inefficient work rules be no longer tolerated?
And finally, will consumers buy their cars any more than they have been over the past several years????????

I think we all know the answers:
Management will continue to be rewarded financially..........
Dividends will remain in place and paid..............
Union jobs will continue to be "bought out" @ $150-$250K ..........
Labor costs will remain highest in history for any mfg.............
And finally, the INEVITABLE WILL SIMPLY BE DEFERRED AT THE TAXPAYERS EXPENSE...........

Washington doesn't understand that AMERICA IS BANKRUPT!!!!!!!!!!
Congress just doesn't get it..............

Wall Street Breakfast: Must-Know News

President-elect Obama:

I didn't vote for you, but offer some suggestions for your consideration to help Americans. They are dramatic, controversial and may require taking on your supporters, all of which you said you would consider doing: So here goes.........

[1] Tort reform caps in medical malpractice, which will "reduce" medical costs system wide by ~15-20% rightoff. Without this initiative, any medical coverage proposal will be unnecessarily burdened negatively for the consumer and taxpayer;

[2] Legalize drugs and the benefits to America are overwhelming! Crime will be reduced dramatically. Funding for gangs will vanish. Prison populations can be reduced by half. Court systems returned to normal caseloads. Every municipality will require much smaller police forces, while EMS & hospitals will benefit in usage and cost savings. DEA, CUSTOMS, ATF, ICE, FBI staffs and resources can be redirected to protecting our borders and terrorism. Inner city youths will be motivated to get an education as the street level drug dealer will no longer be a choice. America has paid a tremendous price because of a small % of weaklings who need a crutch in life or those elite partiers. The War-on-Drugs has been an abject & costly FAILURE and needs to end, as does the Political Corruption it ferments. America will save tremendous costs incurred by this charade and Americans will be safe to walk the streets and enjoy their homes.......Just COPY SWITZERLAND!

[3] SEC Enforcement Division tripled in size and budget and motivated by a "new" Commissioner who is committed to "protecting the small investor".

[4] Provide an avenue for all non-citizen immigrants living and working in US, who are crime free and have children born here to become tax paying citizens. Quit blaming them for being here and doing our work. Allow them to achieve peace of mind and enjoy the benefits for which they have worked. Rid the country of this devisive issue. Wanna punish someone--try Employers and INS!

[5] Enact Term Limits for Congress and Senate, so no politican can remain in same position for more than 12 years.

[6] Withdrawl, or dramatically draw down, our troops and related expenses from Allies all over the world. Protect our Embassys and leave a small deterrent force in countries like S. Korea. But the days of America protecting the world are over! Plus, we can't afford it!

[7] Eliminate the Federal Department of Education along the same lines as Reagon tried! It is an unneccesary expense, source of questionable influence to States and REDUNDANT. You said you would look for Dept's of government which are no longer needed or effective........

[8] Eliminate corporate welfare, in the form of subsiies to industries which don't require "startup" funding. Start with Agriculture and progress thru Energy.............

[9] Enact the Line-Item-Veto!!!!!!!!

[10] Make Earmarks ILLEGAL!!!!!!!!!

Best wishes!!!!!!!!!!

Wall Street Breakfast: Must-Know News

ECONOMICALLY PROVEN JOB DESTROYERS:
[1] HIGHER CORPORATE TAXES;
[2] MORE CORP REGULATIONS;
[3] TRADE PROTECTIONISM;
[4] EXPANDED FORCED UNIONIZATIONS;
[5] TRIAL LAWYERS W/O LIMITS;
[6] EMPLOYER MANDATED COST INCREASES, eg. MEDICAL BENEFITS, EMPLOYER MATCHING FICA "UNLIMITED", ADD ON REGULATION COMPLIANCE, etc;
[7] CARBON EMISSION TAXES/PENALTIES = BANKRUPTCIES;
[8] INCREASED MINIMUM WAGES;
[9] EXCESS PROFITS TAXES;
[10] NO MORE DRILLING.................

****HEY****AMERICANS JUST VOTED FOR ALL THESE!!!!!!!!!!

Wall Street Breakfast: Must-Know News

A month ago, we were told the economy would collapse if Congress didn't pass a $700B [$850B PORKMARKED] within days........ Since our corrupt and self serving government still can't agree what to commit the funds for!
America has been CONNED again...........all while our savings & retirements have been descimated $3 Trillion!!!!!!!!!!!
Seems like there is no limit to the amount of dung Americans are willing to swallow..................
GREED & DESCEPTION AT ITS BEST!!!!!!!!!
IMHO

Wall Street Breakfast: Must-Know News

This entire financial tsunami can be traced back to THE GREAT SOCIETY of President Johnson. Congress, in its infinite wisdom, and desire to expand the "entitled class" ever further, has compounded the obligations. Sorry folks, but a GREAT COUNTRY can't be built on the shoulders of a welfare state, under-educated workforce, elimination of prayer/flag from schools, societal degredations, nearly half of citizens paying "no taxes", unprotected borders, corruption of our financial institutions and Congress, with NO SAVINGS & consumption financed to the largest DEBTOR NATION in the history of the world.
Hang on America, because it's about to get worse..........ALOT WORSE!!!
Sadly, this has all happened on our watch............ SHAME ON US!!!!!!!!!
IMHO

The Death of Stocks

Interestingly, since the 1980's emergence of the "massive financial services industry/mutual funds/hedge funds", America has gone from the worlds largest "CREDITOR" nation to the world's largest "DEBTOR".

America & Americans are broke.............well... not all Americans..........

There is a group of folks generally associated with running Wall Street who have become wealthy beyond comprehension............ And where did all their new found wealth come from????
The same "fools" who still think America is a great country and everything will get better, because it always does?????????

Now they seem to think that their eutopia will be in SOCIALISM....... As the saying goes, FOOLS RUSH IN...............

Wall Street Breakfast: Must-Know News

For TRUST to be restored for investors the following "must" happen"
[1] restore UPTICK rule;
[2] eliminate , and prosecute, NAKED SHORT SELLERS;
[3] change Mark-to-Market back to reality valuation model;
[4] total transparency of Hedge Fund industry;
[5] prioritize the strengthening, and funding of SEC Enforcement Div;

Otherwise, it's the same Wall Street Casino, and any sane American investor would be a "fool" to risk capital...........
IMHO!

Low Volume Capitulation - Fast Money Recap (10/13/08)

Macke's comment "the fat cats are coming up with another scam for America" is the most telling........ He is essentially telling us we have been taken, and only if we are fools will we be taken again............

Secondly, if he knows this, then WHY DON'T WE KNOW WHO THEY ARE & WHY AREN'T THEY BEING PROSECUTED?????????

Wall Street Breakfast: Must-Know News

America is clearly FOR SALE, and we will be very fortunate if foreign Countries/Companies don't end up owning our precious jewels --- our TECHNOLOGY industry. China and Japan & Korea all want to become world leaders in the numerous segments of the technology world. Now they can BUY "on-the-cheap" what they may never be able to DEVELOP competitively for 20 years..........
What's our CORRUPT CONGRESS going to say........ NO?????????