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Economics Plans of "Father Obama!"

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capaneo   Canada. Mar 30 2009 16:52. Posts 8465
As some of you know I dont visit this site anymore and I have a blog some other place and this is a copy of my last post there (If you want to leave comments about why am I still posting here and some other stuff like that please PM me)




So Government is now into the business of insuring cars! As you may know GM is basically done. And US government spent around 14B to get to the point that I and many engineers said around 4month ago. GM CEO had to leave and as a matter of fact the whole company has to go bust and get bought by small sectors. And you can be sure that in 3 month there wont be any GM. Unless obv Opera or Limbaugh come on and say something about it and congress in fear of not-getting re-elected pass some new laws. Which will only postpone the inevitable.

I actually read their plan few month ago about how they are going get out of the mess they are in and its very interesting how people running biggest car companies on the planet has absolutely no fucking idea where and what the problems are.

Also Chrysler is hoping to get bought by Fiat. To just remind you how low things have gotten. read This article from around 4 years ago. where Fiat was forcing GM to buy it back then!!!

http://www.businessweek.com/bwdaily/dnflash/feb2005/nf20050214_8224_db016.htm


Another interesting sad point is that government is trying to practically flush a big chunk of cash down the toilet by propping up New Energy/"Green" companies. As someone who is in the middle of the mess and into the research of these things I can tell you that there is no need and future for this type of stuff at the current stage we are in. There wont be any clean energy and there wont be anything getting invented by any of these guys and they all know that. The are just too dumb to realize the whole picture.
The only way we can move on from fossil fuel is by oil running out and prices going up. By pumping money into these non-efficient "zombie" companies who are only alive because of lobbying and politics, you are avoiding resources to efficient people who are driven by demands and needs of the market. People who can make stuff that are actually useful.



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In US everyone is happy as long as all the prices are rising. Unless its crude oil - Marc Faber 

traxamillion   United States. Mar 30 2009 16:59. Posts 10468

Standard. Over it though just gonna do my own thing until this system falls apart


Baalim   Mexico. Mar 30 2009 17:01. Posts 34246

told you so

Ex-PokerStars Team Pro Online 

 



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