reply to post by defcon5
Detroit should have started making “Green” cars back in about 2003, but they CHOSE not to, and now want the US customer to bail them out.
So lets punish millions of Americans by firing them! Then since most of the world is unemployed and most of the wealth horded is in the hands of a
very small percentage of people who never ‘had’ to do anything, let alone ‘green’ that have stopped ‘green’ because the two wealthiest
people in the world own the world’s two biggest oil companies and let us let the unemployed and poor get angrier and angrier until you have a great
big world wide war that destroys the environment with nuclear and biological weapons. That sure is one way to go green?
Support American companies and products. Help make America strong. America will accomplish a lot more in a position of strength and vitality than it
will with envy and love of the neighbors grass.
I apologize if anything I have commented upon comes across disrespectful in any way.
I can appreciate the analytical leanings of an engineering mind. You design things. I sell them. I appreciate your very intelligent comments. I was
very much against the first bail out. The banks should have taken the loss. It might be decades before housing markets regain the close to 30% and
still dropping they have lost. Do you know how amortization works on mortgages? Most of the first several years of payments is interest on the loan.
The banks are making money off of those assets they don’t want to take a loss on.
If you or I owned a home and we needed to sell we would be screwed though. We would just have to take the loss. So why does the richest group of men
in the world not have too.
The Federal Reserve is a private not a government company.
The scam is that the Federal Reserve is the banks and the bankers. They are actually loaning us the citizens visa vi our government to loan to them
and we pay interest to the Fed on the money they are essentially loaning to themselves.
If the extremely wealthy people who own these banks don’t want to bail them out why should you or I?
If you are going to bail something out put the money into a bailout that really helps the economy. Your saying it’s ok for Americans to loan rich
bankers money to cover their losses for years as we wait for the assets to appreciate again and maybe the government not the citizen is going to see a
profit for what the citizen already had to pay for to make them that loan. No one gets hired waiting for a house to appreciate in value. It does
nothing but sit there.
Even if your dim view of the UAW is indicative of every plant in America and all they do is sit there at least they go out and spend the money they
got paid at the end of the day, and that makes someone else’s paycheck. Maybe even yours.
No one is spending any money off of houses that might have to sit for a decade until the banks can sell them without a loss. It does nothing but help
bankers not have to loose money.
You are right about so many things. I am not sure if I can agree with you that now is the time to terminate the employment of millions of Americans
when the replacement work you envision for the industry that once employed them will take another decade or more to logistically employ the same
number of people fired.
I would rather we bail no one out. It’s too late though for that. If we have to use socialistic remedies lets at least apply them to where it
benefits the greatest number of people and not the fewest.
Off to bed, as soon as I finish starring your posts. I will reply to your other great posts tomorrow. Thanks for your input and observations.
