Gm's Fate Is Sealed

GM WILL GO BANKRUPT Which is a good thing. Once Gm is bankrupt then a real rescue package can be formulated with plenty of government help. Mitt Romeny and a lot of other people with an automative bankground have said that is the best corse for Gm. The American automobile industry is basically back to being entry level companies just like Hundi,Yugo and the Japense Companies whey they first entered the U.S. market. The Japanese Auto Companies in the begining were an extension of the government. They were funded and run by the Japanese government. Something like that can and should be done with the American Auto companies especiallly Gm which desperatly needs new management. All of the American companies are where they are today simply because of BAD MANAGEMENT. The American government unfortunately is simply to lazy to do what has to be done and that is a take over of these companies. Romeny would be a good Automotive Czar because of his family background and the fact that he made his fortune building and rebuilding businesses. The downside with Romeny is he places way to much blame on the cost of American labor for the industries problems which I dont think has anything to do with their current problemls. GIVING GM MONEY WITHOUT A CHANGE IN MANAGEMENT IS THROWING MONEY AWAY.
GENTLE BEN Citicorp caused there own problems and now Gentle Ben wants to give them more welfare money . A complete waste that wont help them or the economy. Bernacke isnt tough enough for this job. Being Fed Chairmen is like being the principle of a reform school. Bernacke isnt a tough enough disiplinarian. Greenspan in his prime would have beaten the shit out of these Wall Street hoodlums. What we need is a tough law and order Fed Chairmen like Greenspan.
OBAMA IS MAKING GOOD APPOINTMENTS He is off to a good start. Hillory Clinton was a wise choice for Sec.of State She is a very bright woman