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Monday, December 08, 2008

Democracy In Action

It is begining to look a lot like Christmas for Ricky Duke. The Dago Wop Sen.Carlo Levine has proably secured billions in welfare money for General Motor's management. A management team that is the worst in automotive history. Very simply they arent deserving of the money. Gm's last big hit was almost 30 years ago. The 1980 Cadllic Sevile with the sloaping back designed by Bill Mitchell had pricing power because it was beautiful car that rode like a cabin cruiser. In the truest sense of the word it was a boat. A luxious boat that Gm made a ton of money on. How come Gm never did anything like that since Ricky Duke has been Chairmen? Because he has got his finger up ass and dosent know shit. In a true capitalistic economic system he would have been fired a long time ago. He isnt going anywere soon. Sen.Richard Shelby is right this bailout with Ricky Duke still in charge is throwing money away.
THE BROKER--THE RIGHT TRADE Its time to start looking at gold on the bullish side. Dont buy it yet. The sugar trade that was recomended a few day ago is begining to become profitable. Dont hold sugar, take the profit when it comes. The trades recommended by the Detroit Times financial bureau are short term scalping trades. Meaning take the profit when its there.