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Sunday, November 30, 2008

The Financial Bailout Hit Everything But The Target

TRILLIONS NOT BILLIONS NOW HAS BEEN POURED INTO THE FINANCIAL BAILOUT AND VERY LITTLE HAS CHANGED. The automobile industry which should have been the target of the bailout has received nothing and not a thing has been done about restructing it. The United States needs a healthy auto industry if we are going to climb out of this mess. In Gm 's and Chrysler's case they should be immediatley nationalized. The management and stockholders especially in Gm's case should not benefit in anyway from a government takeover even if Gm is forced into bankruptcy. They are the cause of Gm's problems with bad management decisions and pour supervision. The Japanese say any government assistantence for the automakers is unfair. How hypocritical. When the Japanese auto industry was in its infancy it was under the financial supervision of their government. The American auto industry after being the leaders are now back to being helpless infants in need of the same kind ofgovernment help the Japanese automakes received from their government. What makes the Japanese so dangerous is that they are now in a position to influence American domestic policy. You see they are now the biggest and most powerful automakers in the United States which means they are able to buy poltical influence and force a domestic agenda that is tilted towards them. What they couldnt win in World WarII they have now achieved because of Rick Wagoner. We could become an economic colony of Japan. That is why its so important to revive and rescue the American automobile industry or suffer a disasters fate. Bernacke and Paulson are dangerous. They throw money at there banker friends like it was candy with little results and our key industry our life line is left to rot. That is bad policy.
ITS BEGINING TO LOOK LIKE GOLD AND THE STOCK MARKET ARE AT THE BEGINING OF A GOOD RALLY. Sugar looks very bullish but i wouldnt buy it yet.
GOOD DAY