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39 Comments

    • Fri Nov 21st 01:22 AM | Rating: 0 -1
      Commented on:
      Why Most Americans Don't Mind if the Big Three Fail
      Detroit has to shed the cost penalty of its unions. If it can't do that then it
      will never profit.

      Better to go into chapter 11 and reorg and if necessary go to the end of BK
      so that some other investor group can take over and make a profit.

      That is the way of capitalism and it works really well in a Darwin sort of way.
      View article »
    • Fri Nov 21st 01:05 AM | Rating: +1 0
      Commented on:
      JPMorgan: Expect Fed to Cut to 0% in January
      I agree with X86BSD...all this is doing is distorting the economy and ultimately
      it will destroy the value of the US dollar...I think that is the plan that is in place
      now...its much easier to let inflation pay current debts, even as the debts grow larger...because the people running the show will be long gone by then.

      To me these 'masters of the universe' in DC are just a bunch of ignorant people
      who have done much to harm this country.
      View article »
    • Wed Nov 19th 22:03 PM | Rating: 0 0
      Commented on:
      GM's Letter to Car Owners Reeks of Desperation
      It's not a loan unless it gets paid back...and when you loan to a risky borrower
      it may not get paid back. So let's call it what it is; a bailout!

      I think GM and other American car companies make ok products. That's not the
      problem. The problem is that their cost structure is too high. This is because of
      union contracts and legacy retirement benefits.

      Put simply, these companies are just not competitive in the market place.

      Much better to let them declare bankruptcy, shed the unions and operate like
      the foreign companies do in the US.

      And by the way, we can't afford to bail them out. We have to use that money
      to bail out the states that will soon be in front of congress pleading their case
      and defending their years of inefficiency and overspending.

      Reality bites, doesn't it???
      View article »
    • Mon Oct 27th 16:51 PM | Rating: 0 0
      Commented on:
      Dollar Strength: An Illusion
      dollar strong now...but inflation is coming big time...when it happens is
      open to debate, not if.
      View article »
    • Mon Oct 27th 16:46 PM | Rating: 0 0
      Commented on:
      Why Inflation Is Good
      inflation steals wealth from savers and rewards debtors.

      In what universe is that fair?

      The article is bogus!
      View article »
    • Tue Oct 7th 21:02 PM | Rating: 0 0
      Commented on:
      The Keating Connection
      I am amazed at how, at least so far, our legislators have escaped
      the brunt of the public's outrage over all of this.

      They were the enablers and the recipients of a ton of political contributions
      from the offenders.
      View article »
    • Mon Oct 6th 18:31 PM | Rating: 0 0
      Commented on:
      Fannie and Freddie Did Not Cause This Crisis
      There were a lot of players in this failures and nobody wanted it to stop.
      Not the borrowers
      Not the lenders and their agents
      Not Wall Street
      Not the home builders
      Not the local governments
      Not the state governments
      Not the fed government
      (because of all those tax $)

      But the primary responsibility for all of this imo are our federal
      legislators who pushed for easier lending, took lots of campaign money
      from most of the above list, and failed to enable proper regulation
      of all those more than stupid financial instruments.

      There are reasons why Congress is held in such low esteem.

      Please remember that when you vote in November.
      View article »
    • Mon Sep 15th 16:36 PM | Rating: 0 0
      Commented on:
      Can We Please Have Some Sanity When It Comes to Taxes?
      Looks like most here buy into the income tax concept.

      Apparently, all the indoctrination since 1913 has worked well and a monster, nanny government is the result.

      See how class envy works to divide the masses?
      View article »
    • Thu Aug 28th 20:21 PM | Rating: 0 0
      Commented on:
      Chrysler Considers Sale of Gas-Guzzling Dodge Viper
      the viper is a special interest car with a select and limited audience.
      It is a strong halo brand for Chrysler that benefits them in many ways.
      The fact that it does or doesn't make money should be besides the point.
      Any costs of the brand should be allocated to promotion/advertising.

      Very short sighted to dump this I think. And it doesn't give good gas mileage??? Nobody cares because thats not what its about.

      Chrysler already has dumped the Magnum which is nearly identical to the 300 sedan except for some sheet metal changes. This was the lowest cost rear wheel drive wagon in the world...another big mistake.

      Thats what happens when you let narrow viewed bean counters determine outcomes instead of taking a larger global view of the company and its long term objectives.
      View article »
    • Fri Aug 22nd 18:51 PM | Rating: 0 0
      Commented on:
      I.O.U.S.A. Movie Is Well-Done and Informative
      I too saw the film. Our theater had less than 100.
      I too think that everyone should pay at least some tax. This is needed
      because everyone needs a stake in the system.

      As it is now, many on the low end not only don't pay, they get back money they didn't earn. In this case you have a group that is very
      happy to get more and more from everyone else.

      I thought Buffet's remarks were just sort of 'Rah, Rah' for the U.S.
      and I thought he was largely wrong. Predicting the future from the past
      is impossible.

      Very worthwhile film. Even if there was nothing particularly new, it
      did a great job of arrangement and illustration of the dire path this
      country is now on.

      I would like to see much smaller gov't using the thesis that the gov't
      should only do what the people cannot do for themselves. Clearly,
      this is not the current case.

      McCain portrays himself as a cost cutter and fighter against pork. That may be, but all that wasteful spending is a very tiny percent of our problem. As the film illustrates, the problem is healthcare. It seems obvious that our legislators should focus on that area of spending. There is no reason why we cannot have a great system that is cost
      effective. Now the U.S. spends 22 cents for every healthcare dollar
      on adminstration. Compare that with Tiawan that has a decent healthcare system and spends less than a nickel of each dollar on
      admin. costs.

      Regarding statements that were made in the film that our national legislatures were envisioned to be only part time people with careers back home I would note that even though we supposedly have full time legislators.
      they still only work as if they are part time.
      View article »
    • Sat Aug 9th 23:20 PM | Rating: 0 0
      Commented on:
      The Electric Car Battery Battle
      Lets all hope that algae development efforts work out and we can
      have algae based gasoline for $2/gallon as one company is suggesting is achievable.

      Should this happen, probably all the electric technologies will go by
      the wayside, except for possibly uses where carbonless operation
      is really important.
      View article »
    • Tue Jul 29th 19:26 PM | Rating: 0 0
      Commented on:
      New Search Engine Cuil: Is It What You're Looking For?
      every new product has wrinkles...I don't know what will happen
      but I hope they turn out to be another good search resource.

      I wouldn't minimize what these people are trying to do as they
      are ex-google people and probably have a lot of experience in this
      area.

      Search, currently, seems to me to have a lot of limitations and
      unneeded result duplication is one of them.
      View article »
    • Mon Jul 28th 21:53 PM | Rating: 0 0
      Commented on:
      Chesapeake Energy: Natural Gas Supply Responds to Price
      all you guys please convert your vehicles to ng.

      If enough people do, then I won't have to as gasoline will be plentiful
      and cheap.
      View article »
    • Thu Jul 24th 13:45 PM | Rating: 0 0
      Commented on:
      Can Cities Create "Foreclosure Sanctuaries?" [Housing Tracker]
      This is all very troubling stuff and I think it puts the financial industry
      in an even more precarious position.

      We really have nanny state government at both local and federal levels. In the long run I don't think this is going to end well.
      View article »
    • Thu Jul 17th 13:52 PM | Rating: 0 0
      Commented on:
      Biofuels Policies: Costly, Ineffective, Inflationary
      corn(and equivalent) ethanol make no sense to me.

      But other bio fuels, including algae appear to make a lot of sense.

      Major funding for development of these alternatives could have
      a huge payback to our economy.

      But it will take time.
      View article »
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