BUGGS

Wall Street Breakfast: Must-Know News

Say what you will, fact of the matter is the "Big Three" must become and very quickly competitive and profitable again. Too large a portion of our economy is based on auto sales, service and production to believe other-wise. Chapter 11 really is not an option for obvious reasons. Change with-in the industry is needed but must come over a specific period of time and in line with increased production and sales. Our government and the con-sumers created this "three headed dragon" and the issue at hand should be how to legally control it without slaying!

Detroit Bailout Watch: Looks Like Bush Blinked

drop dead homer!!!

America's Economic Collapse: How Bad Will it Get?

THIS REPORT BREAKS MY HEART AND LEAVES ONE SEARCHING FOR ANSWERS! ON THIS PLANET WITH ALL OF THE NATURAL RESOURCES THAT ARE AVAILABLE IT; I CAN'T FIND WORDS RIGHT NOW TO EVEN REMOTELY DEFINE THE EMOTIONS ON MY HEART. CHILDREN SHOULD NEVER BE HUNGRY ON EARTH. AS BAD AS THE ECONOMY MAY BE IN AMERICA, THERE IS STILL ENOUGH WEALTH TO ELIMINATE HUNGER IN A SMALL COUNTRY LIKE ARGENTINA! SADLY EVEN IN AMERICA THERE WILL BE CHILDREN GOING TO BED HUNGRY. I'VE READ IN MY BIBLE THAT GOD SAID TO "LOVE YOUR NEIGHBOR AS YOURSELF"! I DON'T PROFESS TO BE AN OVERLY RELIGIOUS PERSON BUT I DO BELIEVE IN GOD AND I THINK ONE OF OUR BIGGEST PROBLEMS JUST MAY BE THAT WE DON'T LOVE TOO MANY PEOPLE!!

Americans Stuck Between a Rock and a Hard Place

MR DALTORIO, THANK YOU FOR THIS VERY HONEST AND HIGHLY ENLIGHTENING ARTICLE!! I'M PLEASED TO FINALLY REALIZE THERE IS SOMEONE OTHER THAN MYSELF WELLING TO CALL A SPADE A SPADE!!!!! HOWEVER, YOUR ANALOGY OF THE WALL STREET PRO-FESSIONALS BEING GATHERED AROUND A CAMPFIRE "LIKE CHILDREN" ISN'T QUITE APPROPRIATE. LET'S CALL THEM WHAT REALLY APPLIES IN THIS CASE. "PROFESSIONAL CRIMINALS!!!!!

Detroit Bailout Watch: Looks Like Bush Blinked

CHAPTER 11, THE PRESIDENT BLINKED AND SO FORTH!! I AM TOTALLY DISGUSTED WITH WHAT I AM HEARING FROM SUPPOSEDLY INTELLIGENT PEOPLE. STOP WITH THE TUNNEL VISION AND LOOK AT THE BIG PICTURE!!!! AN AVALANCHE STARTING AT THE TOP OF A HILL AND THERE IS A TOWN AT THE BASE. THE RESULT WOULD BE TOTAL DESTRUCTION. GENERAL MOTORS DOING ANYTHING OTHER THAN BECOMING A VIABLE ENTITY AGAIN WOULD BE CATASTROPHIC FOR THIS ECONOMY. LET'S TAKE THE RETIREES AND THEIR HEALTH BENEFITS OUT OF THE PICTURE FOR A MOMENT. THE JOHNSON CORP SUPPLIES GM WITH APPROXIMATELY 60% OF THE PARTS REQUIRED FOR MANU-FACTURING AND THE REMAINING 40% IS PURCHASED BY THE IMPORTS. THE BEGINNING OF THE AVALANCHE IS GM FALLING OR GOING INTO A CHAPTER 11 THEY CAN ILL AFFORD; THE AVALANCHE CONTINUES BECAUSE JOHNSON DOWNSIZES OR MORE APTLY SHUTS DOWN (JUST LOST 3/4 OF THEIR MARKET); AND THE AVALANCHE CONTINUES. WHERE ARE THE FOREIGN MARKETS GOING TO ACQUIRE THEIR PARTS??? THE AVALANCHE IS STILL GOING BECAUSE WE FORGOT ABOUT THE AUTOMOBILE PARTS RETAIL OUTLETS, TIRE MANUFACTURERS AND RETAIL STORES, AND I GUESS AUTOMOBILE SALESPEOPLE DON'T NEED TO MAKE A LIVING!! BUT THE AVALANCHE ISN'T FINISHED YET BECAUSE WE FORGOT ABOUT THE PLASTIC MANUFACTURING PLANTS THAT SUPPLY GENERAL MOTORS, AND THE RADIOS. WE ARE ALMOST TO THAT TOWN AT THE BOTTOM OF THE HILL; THE COMPANIES THAT MANUFACTURE THE BOLTS, NUTS, SPRINGS AND ALUMINUM PRODUCTS JUST TOOK A HUGE HIT AND THE INTERNAL REVENUE IS LOOKING REAL STUPID BECAUSE THE TAX DOLLARS THEY WOULD NORMALLY RECEIVE FROM GM ARE NOT FORTHCOMING! UMMM, THERE GOES THE TOWN AT THE BOTTOM OF THE HILL!!!

Economy Now in Unprecedented Freefall

WE REALLY DON'T NEED GRAPHS AND CHARTS, ARTICLES OR REPORTS TO ADVISE JUST HOW BAD THE ECONOMY IS. WE KNOW!! BUT IT WOULD REALLY BE INTERESTING TO SEE ARTICLES AND INFORMATION ON HOW TO TURN THIS AROUND!!! WHAT ABOUT A LIST OF COMPANIES THAT ARE LOOKING TO HIRE AND IS CATAGORIZED BY TRADE. OR A LIST OF GOVERNMENT AGENCIES AVAILABLE TO ASSIST DISPLACED HOMEOWNERS AFTER FORECLOSURE.

The Real Cost of the 2008 Recession

MR GORDON, IF ONE WERE TO REALLY PAY CLOSE ATTENTION TO THE DECISIONS BEING MADE ON CAPITAL HILL YOU WOULD FIND THAT OVER 60% ARE UNCONSTITUTIONAL. THE LOOP HOLES IN OUR LEGAL SYSTEM ARE UCONSTITUTIONAL, SENATORS AND CONGRESSMEN AND WOMEN REMAINING IN OFFICE LONGER THAN AN (8) YEAR TERM I FEEL SHOULD BE UNCONSTITUTIONAL, TAKING PRAYER OUT OF THE PUBLIC SCHOOL SYSTEM IS DEFINITELY UNCONSTITUTIONAL AND I AM QUITE CERTAIN THAT THOMAS JEFFERSON AND THE FOUNDING FATHERS ARE ROLLING OVER IN THEIR GRAVES!!! THE INEQUITY OF OUR INCOME TAX SYSTEM IS UNCONSTITUTIONAL,BUT WHAT REALLY BOTHERS ME THE MOST IS THE TAX-PAYER DOLLARS PLEDGED TO CITICORP AND AIG WHICH IN REALTY IS GOVERNMENTAL ROBBERY OF THE AMERICAN PUBLIC. I SINCERELY HOPE THAT MY FELLOW AMERICANS REMEMB-ER WHAT WAS DONE TO US AT THE NEXT ELECTION OF SENATORS, CONGRESSMEN AND OTHER OFFICIALS BY NOT RE-ELECTING THEM TO OFFICE.

GM: More Bailout-Worthy than Citigroup

MY BAD, THAT IS INQUEST NOT INQEST

GM: More Bailout-Worthy than Citigroup

I'M AMAZED AGAIN!! WE WILL TAKE CARE OF THE WORLD BUT NOT OUR OWN. VIETNAM CITIZENS CAN COME TO THIS COUNTRY AND GET LOANS FOR BUSINESSES EASIER AND WITHOUT COLLATERAL! VIETNAM VETS NEED COLLATERAL. MEXICAN FOLK CAN COME ACROSS THE BORDER AND BE ALLOWED TO STAY AND FORGIVEN TAX BURDENS!! JAPAN, TAIWAN AND CHINA ARE MANUFACTURING OVER 60% OF THE CLOTHING WE WEAR AND APPLIANCES WE USE BECAUSE THE FEDERAL GOVERNMENT, OUR GOVERNMENT ALLOWED AMERICAN MANUFACTURERS TO SHIP THOSE JOBS OVERSEAS. WE GIVE BILLIONS OF TAXPAYER DOLLARS TO THIRD WORLD COUNTRIES EVERY YEAR BUT WHEN YOUR OWN CORPORATIONS NEED A LITTLE ASSISTANCE IT ISN'T FORTHCOMING. THE WASHINGTON HYPOCRITES LOVED GM WHEN MILLIONS OF TAX DOLLARS WERE POURING INTO WASHINGTON FROM THE "BIG THREE". UMMMM, HOW MANY TAX DOLLARS HAVE JAPAN, CHINA, TIAWAN AND KOREA PAID TO THE US OVER THE PAST 20 YEARS?? BETTER YET, WHAT IS THE IMPORT TAX DOLLAR AMOUNT IMPOSED ON FOREIGN AUTO MAKERS PER VEHICLE?? THE CONGRESSMEN AND SENATORS THAT CONTINUE TO INSULT AND DEGRADE THE BIG 3 CEO'S SHOULD BE REPLACED IMMEDIATELY BECAUSE IT IS A SMOKE SCREEN TO HIDE THEIR MISTAKES AND BILLS THAT WERE INACTED WITHOUT PROPER THOUGHT!! GIVE THIS SOME CONSIDERATION! HOW MANY OF YOU KNEW THE NAMES OF THESE POLITICAL REPRESENTATIVES PRIOR TO INQEST OF THE BIG 3? WHERE WERE THEY 5,6,8 OR 10 YEARS AGO WHEN THE HANDWRITING WAS ON THE WALL???????? THIS STATEMENT IS DIRECTED TO OUR REPRESENTATIVES IN THE NATIONS CAPITAL!! YOU SHOULD BE ASHAMED OF YOURSELVES BECAUSE OF YOUR LACK OF ACTION OVER THE PAST 10 YEARS. YOU ARE VERY GOOD AT PLACING BLAME AND PASSING THE BUCK, BUT IT REALLY SADDENS ME THAT NOT 1 OF YOU IS MAN ENOUGH OR WOMAN ENOUGH TO STAND AND ADMIT THAT YOU WHO REPRESENT THE GOVERNMENT OF THE USA IS MORE TO BLAME THAN AUTOMAKERS OR THE BANKS.

The Deteriorating Real Economy's Financial Indicators

MY DEAR unclejO, 100,000,000 TAX PAYERS WOULD NOT RECEIVE THE SUM OF $200,000.00 BUT 5% OF THEIR ANNUAL INCOME WITH A CAP OF $200,000.00!!! THE MAJORITY OF TAX PAYERS DON'T EARN $20K PER YEAR!!

The Deteriorating Real Economy's Financial Indicators

WHEN I THINK OF THE NUMBER OF SUPPOSEDLY INTELLIGENT PEOPLE THAT RUN THIS COUNTRY IT REALLY IRRITATES ME TO DISCOVER JUST HOW UN-EDUCATED THEY ARE WHEN IT COMES TO MONEY. THERE IS A VERY SIMPLE SOLUTION TO THIS PROBLEM BUT THEY ARE GIVING MONEY TO THE WRONG GROUP IE BANKS AND OTHERS. CONSIDER THIS OPTION FOR A MOMENT. GIVE EVERY TAXPAYER A CHECK WITH A $200,000 CAP THAT EQUALS FIVE TIMES THEIR ANNUAL INCOME, TAX THAT CHECK AND WATCH THE SPENDING FRENZY. THIS WOULD ACCOMPLISH MANY THINGS, SUCH AS A HUGE INFUSION OF TAX DOLLARS BACK TO THE GOVERNMENT, REDUCTION OF FORECLOSURES, AUTOMOBILE MANUFACTURERS WOULD NOT NEED TO BE BEGGING WASHINGTON FOR DOLLARS, RETAILERS, RESTAURANTS AND OTHER VENDORS WOULD PROSPER. THIS IS A CAPITALISTIC SOCIETY AND WILL ALWAYS PROSPER WHEN PEOPLE ARE SPENDING MONEY!!

Is Real Estate Investing Our Best Shot at Wealth?

DEAR NOITSNOT AND DAVIDMA, IF YOU READ MY RESPONSE ACCURATELY THERE IS NO MENTION OF A PRIMARY RESIDENCE AS AN INVESTMENT!!!!!!!!! COME ON PEOPLE, LOOK AT THE CURRENT HOUSING MARKET. REAL ESTATE NOT ONLY APPLIES TO YOUR RESIDENCE (WHICH I DID NOT IMPLY) BUT TO INVESTMENT PROPERTY , LAND, ETC.

Is Real Estate Investing Our Best Shot at Wealth?

REAL ESTATE OVER THE LONG TERM IS DEFINITELY AN EXCELLENT INVESTMENT. THE COUNTRY HAS MADE SOME MISTAKES AND WE THE PEOPLE HAVE ALLOWED A GREAT DEAL OF THE MESS TO HAPPEN BECAUSE WE DON'T TAKE AN ACTIVE PART IN THE POLITICAL PROCESS AS OUR MOTHERS AND FATHERS HAVE. BUT PRAYERFULLY WE HAVE LEARNED FROM THIS CURRENT CRISIS AND ARE OPEN TO CHANGE. HOWEVER, THE BEST INVESTMENT WE AS AMERICANS CAN MAKE IS IN OURSELVES. YOU LIVE IN THE MOST BLESSED COUNTRY ON THE PLANET WITH ALL THE OPPORTUNITY IN THE WORLD. EDUCATE YOURSELVES ON FINANCIAL INDEDPENDENCE, NOT FINANCIAL DEPENDENCE. A GOOD PLACE TO START WOULD BE HERE!!!! FDIREP.COM/CEBJ

Washington's Foot Dragging on Automaker Bailout Disappoints Markets

MATH IS AN EXACT SCIENCE. ONE PLUS ONE IS TWO ALL OVER THE WORLD. THE IDIOTS ON CAPITAL HILL THAT WE ELECTED TO OFFICE WILL NOT HAVE THEIR PENSION PLANS OR MORTGAGE PAYMENTS AFFECTED BY THE CURRENT ECONOMIC CRISIS!! HOWEVER, IF AN AUTO MAKER THE SIZE OF GENERAL MOTORS FALLS, THINK ABOUT THESE FACTS.....UNIROYAL, FIRESTONE, PARTS SUPPIERS, TRUCKING COMPANIES, INDEPENDENT PARTS MANUFACTURERS, PAINT SUPPLY HOUSES, ETC, ALL WILL BE IN CRITICAL FINANCIAL CRISES!! LIFE SUPPORT WILL BE OF NO CONSEQUENCE BECAUSE THE TRICKLE DOWN EFFECT WOULD CAUSE THE LOSS OF 1,000,000 JOBS, NOT TO MENTION THE HUGE LOSS OF TAX DOLLARS TO THE FEDERAL GOVERNMENT WHICH BY THE WAY PAYS SOME PORTION OR ALL OF THE SALARIES OF THE ELECTED OFFICIALS THAT WERE SO CONCERNED ABOUT THE THREE INDIVIDUALS THAT FLEW INTO DC VIA LEAR JETS. THE POSTURING BY THESE OFFICIALS TO MAKE GM, FORD AND CHRYSLER LOOK FOOLISH IN FRONT OF THE AMERICAN PUBLIC SERVED NO PURPOSE OTHER THAN AN ATTEMPT TO VALIDATE THAT CONGRESS AND SENATORS WERE DOING THEIR JOBS AND LOOKING OUT FOR THE AMERICAN PEOPLE THAT ELECTED THEM TO OFFICE. WHAT A FARCE!!!!! THOSE SAME ELECTED OFFICIALS AND BILLS THEY ALLOWED TO PASS STARTING IN 1998 IS THE REASON FOR THE CURRENT CRISIS AT HAND. TRUST AND BELIVE THE HOUSING MARKET DID NOT BY ITSELF CAUSE THIS MESS. CHANGING CERTAIN LAWS PERTAINING TO THE PURCHASE OF DEBT BY BANKS AND MORTGAGE COMPANIES BOUGHT THIS ABOUT AND IT BEGAN 10 YEARS AGO. WE AS AMERICANS ARE ALSO GUILTY BECAUSE WE CEASED TO HOLD PEOPLE THAT WE ELECTED INTO OFFICE ACCOUNTABLE. WE HAVE A NEW PRESIDENT AND NOW IT IS TIME TO HOUSE CLEAN IN THE SENATE, CONGRESS AND THE HOUSE OF REPRESENTATIVES!!

Aid for the Automakers? You Decide!

THE REDBARON IS CORRECT. MEN MUST FEED THEIR FAMILIES AND DARK AND DEEP IS AN EXCELLENT DESCRIPTION OF CHOICES WE WOULD BE FORCED TO MAKE AS MEN WHEN YOUR CHILDREN ARE HUNGRY AND YOU ARE JOBLESS!! I'M 61 YEARS OLD AND A VIETNAM VET AND FOR THE FIRST TIME IN MY LIFE AM AFRAID FOR OUR COUNTRY AND ITS CITIZENS!!

> I don't like it, but I agree with the author's stance, i.e., some
> aid, but with lots of provisions that would come with a cost to management,
> unions, debtholders, and of course, shareholders as well.
>
> To not do anything, is to risk something dark and deep, and I don't
> want to go there.