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Saturday, February 07, 2009

Righting the Automobile Industry Is Job One

One of the biggest mistakes of the Obama administration so far is not paying enough attention to the American automobile industry. That really is the place to start rebuilding the economy. His stimulus package is a good one but wont have a lasting affect without a strong viable auto industry. The American automoble industry really is the engine that will pull the economy out of this mess (the most lethal in years). The banks who really are the cause of the mortgage collapse should be left to deal with their own problems. Like that a lot of the bad management would be forced out. If housing prices started going up again that really would take care of most of the banks problems.
So how what would it take to get home prices back up? We dont produce anything anymore. Its all gone because of globalization. The high paying jobs that only the Automobile industry can provide would enable people to earn a big enough paycheck to buy houses and consumer products again.
Fords is making progress which is why they turned down the governments bailout money. They soon will be offering a product that is unique. In the fall they will be coming out with a mid-size sedan that gets better gas milage than just about any sub-compact or economy car. If the car is durable and holds up they have a sure fire hit. Gm and Chrysler are just about ready to close. The government cant keeping sending Gm monthly welfare checks. Gm should be nationalized. THE AUTOMOBILE INDUSTRY SHOULD BE RECEIVING MOST OF DR.OBAMA'S ATTENTION AND IT ISNT AND THAT IS VERY DANGEROUS
The Detroit Times has received many requests from we assume(they didnt give ocupation) retirement planners commodity brokers,stock brokers,oil salesmen and other financial crooks to ask Bernard "Bernie" Madoff to post his pitch on the internet . Bernard Bernie Madoff is a first class crook showman. And it was our influence and pressure that kept him out of jail. So that is why we were asked to help. So Bernard Bernie could u please post your pitch and dealing with objections on your webb site. You will be helping your fellow cheats,liars and thieves improve their standard of living. Thank You! Bernard Berney