Trader T

The One-Word Topic of the Day, and Week: Obama

GM's business model is fatally flawed, bailing them out would be a huge mistake and a costly one (they will just have to be bailed out again in the future) - If they go BK then so be it.

He mentioned his tax policy would result in a "net tax cut", if that means less money collected by the government, that will be bullish.

Another 'stimulus package' would just lengthen and deepen the recession. Similar to running up credit card debt to support a falsely elevated life style.

He's got to get his policy ideas through the barons in Congress - not an easy task. They will try to run the show.