Oh Argentina

THERE ARE TWO TYPES OF PEOPLE IN THIS COUNTRY THOSE THAT ARE BROKE AND THOSE THAT SOON WILL BE BROKE Could the American dollar collapse and the country go broke as happened in Argentina a few years back? The answer to that question is absolutly. The U.S. has been the biggest debtor nation in the world for years. Argentina also had been a large debtor country before going under financially.
When Dutch Regan first took office in 1980 the U.S. was the biggest creditor nation in the world. When Dutch left office 8 years latter the U.S. was on its way to permantly becoming a nation whose debt was much bigger than the amount it was owed. Dutch in 8 years quadipled the national debt.
The main solution for getting out of this fiancial mess is for the U.S. to become a producer again instead of simply consuming what other counties produce. Nationalizing the automobile industry is a good place to start. The government should buy Chrylser. Chrylser has no place else to go since they are very close to going under like G.m and the government could buy it right. Then assume its debt and obligations. And pick the right management team to run it.
Gm must go bankrupt. The stockholders and board of directors must be held accountable for the negliagence they showed in letting the company fail the way it has. Ford has shown that they could stay in business with loan gurantees. Things must start happening quickley or Argentina isnt to far off.