Custom Search

Sunday, November 16, 2008

The Crumbling American Economy:Whats Next?

WHAT THE GOVERNMENT CAN DO RIGHT NOW! The Fed must stop feeding money to the banks. Its wasted money. If the bankers where smart enough and greedy enough to get into this mess then Iam sure there smart enough to get out of this by themselves. After all their the orginal preachers of self reliance. Now let them practice what they preach. I grew up watching old World War ll movies especially the ones where a submarine was torepedo and started taking in water. Instantously you would hear the clanging of large metal doors being shut to close off the area where the sub was hit to keep the water out of the rest of the sub. Sometimes there were straglers who didnt get out fast enough. And you would see someone banging on the doors screaming my buddy is in there open it up. And the captain would walk up to the guy and say hey tough shitsky if we open up the doors the whold ship will get flooded and we will all go down. The banks must be cordoned off from the rest of the ecnomoy until they find a solution to their problems. The Fed can assume their role and loan money to busineses until this thing is over with. So far the bankers have swallowed a big part of the bailout money and the credit markets are still froze.
THE AUTOMOBILE INDUSTRY MUST BE SAVED BUT NOT THE WAY SEN.HARRY REID WANTS TO DO IT!!
Reed's plan for saving the industry is for the birds. Its very favorable to Gm's management which really caused Gm's downfall. The industry must be nationalized. If Gm was allowed to go bankrupt and the government steped in afterwards and assumed all of Gm's liabilities there wouldnt be any disruptions or hardship. Everyone would be protected and then the proper management could take-over and rebuild the company.
GOOD DAY!