John D

Fast Money Recap - AIG Bonuses Just Business as Usual (12/22/08)

If the North American auto industry was not laying off 100's of 1000's of workers all of that money generated would still be going back into the economy, people would have the money to make the mortgage payments more houses would need to be built, but we as North Americans figured we were invincible and started to buy more & more imports,(has anyone noticed where the electronics industry, the textile industry just to name a few have gone) which as we now know was just shooting ourselves in the foot while we were holding the gun when it went off.
If the economy is to be turned around we must educate the people and this is a hard lesson learned. We need to suck it up, realize we are not as strong in the global market as we all thought and start buying what our neighbors, friends and relatives all build or we will find ourselves in a hole that we will take decades to get out of. Just think of all the jobs and futures of our children that will not happen if we don't. The governments have all signed DEALs with other countries (not enough thought put into them for the long term) that they cannot get out of but we as the people are free to buy as we want so we now know to buy NORTH AMERICAN and help OURSELVES survive the economic crisis. "BUY AN IMPORT AND DRIVE NORTH AMERICA INTO DEPRESSION"