John D

Rating Obama's First 100 Days

He is rated high on my list - especially considering that given the state of the economy, the nation and the numerous areas in which he has been involved, he has managed to do a great job. There are not many right now that would like to be in his boots. He is obviously well respected about the globe, he is younger which allows him to have a whole different perspective of what needs to be done - right down to opening up to Cuba and breaking OLD trends!!

What Do We Need In 2009? More Failure

It's hard to believe that so many look at the auto industry as a bailout - duh - you should all be looking at it for what it is. The financial sector screwed up royally which Wall St & the government watchdogs all allowed to happen and all of the attention to the auto sector is nothing more than a "smoke & mirrors" show to distract the public. If anything the government allowed the financial sector to collapse - gave them $350 billion with NO accountability (bonuses ???), don't know where most of it went and the only thing that the auto industry did was to get caught in the middle of the credit crunch which they all rely on to sell their products. Wagner & the boys should not have been in Washington answering questions - the government should have been in Detroit telling them how they screwed it up so bad and instead of bonuses on Wall St. the attorney general should have been laying charges to those that abused the system enough to set off a crisis of GLOBAL proportions. If GM - Ford & Chrysler are in financial trouble it's only because of FREE trade instead of EQUAL trade which is another government funded blunder - "come & take ours jobs and profits - we're big enough to handle it - NOT" Hopefully a new government will take the bull by the horns and make changes to an unfair policy to allow the DUMPING of cars and many other products. Time to level the playing field!!

Wall Street Breakfast: Must-Know News

What I don't understand is why the government whats to be so involved in the auto industry now - yet 10 years ago when the auto companies indicated there was a major problem with the number of Japanese & Korean cars coming into the country and the numbers that their governments were taking in return - Free Trade agreement unfortunatley should have read EQUAL trade agreement - then all car companies would have had enough cash flow to weather the storm instead - the Asian car companies have the bulk and it's mostly North American money.

GM: More Bailout-Worthy than Citigroup

Well said Martin (& thankyou) - it's about time the focus is on the actual source of the problem - perhaps it's time the financial sector do their "Song and Dance " routine for those morons in congress that are looking the wrong direction still - perhaps some arrows would help them locate Wall St. where the problem started & still exists.

GM: More Bailout-Worthy than Citigroup

How many tax dollars out of your pocket did GM save you by not having those people on unemployment benefits - how much has the big 3 saved all Americans by having a health care plan for their workers - I don't recall any griping about it in the past - how soon people forget the good side of situations !! Just like the government has forgot how many dollars they saved for the past century - you should all be thankful that there is more in your bank accounts because of GM - Ford & Chrysler - but go ahead and turn your back when they are in need of help.


On Dec 05 03:52 PM User 313794 wrote:

> Unless I misunderstand Mr. Hutchinson's position - Citi should fail
> and GM should survive. Citi should fail because it loaned money to
> people who can no longer repay their debts and because the economy
> has turned upside down, GM should survive because when their workers
> are furloughed they receive 95% pay for doing nothing and because
> the American Automotive industry refused to produce fuel efficient
> cost effective cars for sale in the United States. How about this,
> the government limit the sale of imports as is done in other countries
> (especially Japan) so that American car makers can increase their
> sales. At the same time how about Fannie Mae and Freddie Mac get
> off their keesters and help refinance high rate loans with lower
> rate / longer term fixed loan products. Then Citi could loan GM the
> money and everyone survives. As for the position of Mr. Hutchinson,
> he should serve two tours in Iraq just to help clear his mind.