pigdog67

Citigroup's Derivatives Reduce Bailout to a Non-Event

Arymer what you said was true in the 50s or 60s. America has gone through enormous decline in the last 15 years, and the rest of the world has moved forward a lot. The financial collapse just indicates that a tipping point was reached. Most of America's industrial base is long gone, and the knowledge base is in early forced retirement. People tried to make money in housing and financial speculation because innovation is pretty much dead. The last company you hear about is Google which has 10K employees, Nothing like the 500K GM used to have. All we have now is healthcare which is essentially a cost that grows every year, and government another cost. Thats why people think Obama will be the saviour instead of someone like Henry Ford. Excellent hospitals exist in other countries that perform operations for 20% of the cost of our hospitals. America is done. I am going to China.