the real problem with Romney's statement
The problem is simple: The 47% are Romney's most loyal supporters. Let's look at them in detail. The elderly and disabled: 61.6 million, about 21% of the population. These are Romney's most loyal...
View ArticleThe good news....and the bad news about the economy
The good news: The number of people collecting unemployment insurance benefits is dropping. The bad news: The reason for the decline is that their unemployment benefits ran out. The people are...
View ArticleDid NASA hire the AIG, GM AND banking industry marketing teams???
After the votes are counted, NASA decided to just throw out the results and name it Tranquility??? When NASA held a popular vote to name the space station node, they didn't expect hundreds of thousands...
View ArticleIs a little protectionism really bad for the economy?
Let's tell the truth here. We need FAIR trade, not necessarily just "Free" trade. We don't really want to force our blue-collar work force to try to compete directly with foreign workers who work...
View ArticleThe truth about global warming
I've heard a lot of mindless chatter from both sides of the issue. The truth is like a game of chess: both simpler and more complicated than either side of the issue would care to admit. Let's...
View ArticleThe $7 TRILLION bailout: How do we get off this train wreck?
There was a time when $700 billion was real money. But it's just 10% of the current size of the bailout. http://money.cnn.com/2008/11/26/news/economy/where_bailout_stands/index.htm And, if you think...
View ArticleDoes a Senator have the right to pressure his constituents not to file...
http://www.wsav.com/midatlantic/sav/news.apx.-content-articles-SAV-2008-11-14-0044.html A grand jury has subpoenaed Saxby Chambliss to testify concerning allegations that he has used his office as...
View ArticleBillionaire Warren Buffett is investing in the auto industry
No, not one of the Big Three. Not Tesla, either, although Ithink it might be a great investment when it issues its IPO, whichhas been delayed due to the recession. Mr. Buffett invested $250 million...
View ArticleThe biggest political turkey: GM
This is a company which lost $43.3 billion last year, and will probably lose about that much again this year. At the same time that it's begging for half of the $25 billion bailout, with Ford and...
View ArticleA few facts about the Citigroup bailout:
Chalk another successful bailout deal up for those excellent negotiators, Paulson and Bush. Citigroup graciously allowed the government to give it an injection of $2.6 billion in cash by buying 254...
View ArticleIs GM TRYING to commit corporate suicide?
When GM's CEO, Rick Wagoner, goes before Congress with hat in hand, begging for a bailout, and it's laying off thousands of U.S. employees, is that really a good time for GM to announce that they...
View ArticleGreen Machines: A look at the future of the auto industry
If GM falls, we might actually have a boom in domestic automanufacturing, as the smaller, more agile companies step up to create anew, more efficient, more innovative, highly competitive auto...
View ArticleBailout blues: A few words about FORD.
Everybody talks about GM. But nobody is really talking about Ford much. Why not? Well, Ford has $25 billion in cash on hand. It also has $242 billion in assets, about the same amount as its debts....
View ArticleIs the DOW's freefall over?
I predicted a low of 7,000 last summer. I think that it's probably still a good guess, but I'm getting a little more pessimistic lately. I'm beginning to think that 6,000 is a more likely bottom....
View ArticleTo the UAW: How to save your jobs: Just BUY GM and Ford!
GM has a market cap of $1.7 billion. Ford has a market cap of $3 billion. Cerberus would probably pay you to take Chrysler off their hands. $5 billion or so out of the retirees' health care trust...
View ArticleEconomics and the auto industry simplified
Supply and demand. It's that simple. The problem with the U.S. auto industry is that they are supplying the U.S. market with massive amounts of huge gas-guzzling monstrosities. There isn't much...
View ArticleDo we need to bail out GM?
The short answer is NO. Not unless GM can be fixed, not just kept on life support indefinitely. I'm going to try to do an objective analysis, but I must admit that I have mixed feelings about GM....
View ArticlePresidential Puppies
I would recommend a Dachshund. Besides their loyalty and high intelligence, they have a mischievious quality unlike any other breed. A short-haired dachshund is hypoallergenic, and they range in...
View ArticleIf I could choose Obama's cabinet, it would look something like this.
My way of choosing the secretarys: REAL advocates, NOT just industry talking heads. Secretary of State: Colin Powell Secretary of the Treasury: Warren Buffett or Paul Volcker Secretary of Defense: Sam...
View ArticleA new direction for the Grand Old Party?
Let's consider a new direction for the Republican party. Or rather, an old one. Too many people have confused the definitions of liberal and conservative, giving up the old ideals of freedom,...
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