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  • What's Happening to the Fed Funds? [View article]
    Paulson and Pelosi can throw the American taxpayer's money into this problem until they are blue in the face...

    This is a *STRUCTURAL PROBLEM*

    Nobody is buying cars... There is no DEMAND for cars... It is not unique to GM, Ford or Chrysler.. MB, BMW, Japanese makes... They are all in big trouble...

    ALL of these companies have been living off of the DEMAND created by a housing bubble. Sure, it was nice to get that home equity loan to buy you giant SUV while your house's value is climbing 40 percent a year, but it ain't so anymore, now is it?

    Paulson and Pelosi can spend our government (the American people) into bankruptcy and they are well on their way to doing it, but all of their efforts will not create demand that is NOT there. The demand will NOT be there like it was for a decade or more...

    This is sorta like an economic Vietnam... Paulson and Pelosi are going to destroy the village to save it. They will throw $billions into these companies (all of them GE BAC WFC ETC) and the end game will be the same. Their government spending is only going to create an even larger set of problems in the very near future...

    If a company needs to survive by getting handouts from the American taxpayer, they are all doomed. If Paulson and Pelosi continue their spending WE are also doomed.

    The situation was totally different in the 80's when Chrysler got their loan -- they actually gave the government something called a BUSINESS PLAN -- how we were going to get our money back. Now all we get is the companies going to Nancy with statements like" We are GM and we are a part of the American heritage and can't fail. They think they have some entitlement because of their name! Move over Woolworth's -- company's on the way!

    NOTE: It makes me sick how the big three automakers are giving this sob story of how many will be put OUT OF WORK if they fail... MILLIONS.
    What they DON'T tell you is many of those people who will be put out of work are from OUTSOURCED SUPPLIERS IN CHINA, MEXICO, ETC.
    Nov 11 16:20 pm |Rating: 0 0
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