cabaretewilliam

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

One thing the article missed. The interest paid on the One billion borrowed, and the 2-3 more billion they are going to ask for. That will more that double the cost. Assume that these borrowed dollars are paid back in 50 years, a good assumption. It will mean a cost of $200,000 per car sold!

7 Arguments Against a Quick Recovery

What the Rep's should be shouting out every day is "It's the DEBT stupid" until main street gets it. You did a great job of explaining things. Now we need to get the message out.

Could the Dow Fall to 1600?

Time to buy some condos and villas in the emerging economy of the Dominican Republic. caribbeanrealty.ca Construction here is still booming, though I would expect a short slowdown in the next year. there are 86 million Babyboomers starting to retire right now. Enough of them have money to move south, and prices in the DR are at 50% relative to other islands. Check it out.

As GM Goes, So Goes the Nation (Part 2)

Good article. One vital dimension is absent. A favored nation that turns it's back on God will pay the price. The accepting of easy divorce, adultry, fornication, homosexual choices, greed, unethical business, porn etc. is all a part fo the breakdown. The Calvinst "Work is good" ethic was replaced with "The gov. or my employer OWES ME". The USA - and the West, is where it is at because of all of the above. God has in the past given great empires over to stupidity. The USA may recover, but I doubt it.

What Shape Will Recession Take?

The best quote in the last weeks, on this site, "We are now using communism to rescue capitalism". In the former USSR, the governments got rid of all state owned businesses. In the USA the government is buuying them all up but only after they have been run into the ground as worthless. Brilliant!