Obama calls it sacrifice – I call it being wiped out
Economic Rape!
Wiped out. All your GM stock whether you are a private citizen, an institutional investor, an autoworker or anyone that invested in GM you have lost all your money. If you think the portfolio of other stocks you own won’t be affected even worse than it already is think again. Yes the stock market is up – but it goes up and down every day. Yes the general economy needed an unprecedented government intervention. But at what cost to the American Company itself? We are not investing in these companies – we are borrowing money from the world to invest and loan this money. So we shore up the balance sheets of all these companies while our balance sheet is so upside down we are essentially getting a bailout from the rest of the world. Do you think Clinton and Geithner going to China is a coincidence?
Fiat is swooping in on Chrysler. A surgical bankruptcy? Selling GM assets to Germany. The government getting 60 percent of GM. Come on now. Who is buying cars? Can your listeners afford to run out and get a new car? Will consumers buy “Green” cars that will eventually be built in America or will they shift heavily into foreign cars – more than they are already? Will they accept a tax credit of more borrowed money to trade in their cars for a more fuel efficient car? America making more promises to now support warranties on cars – like the $5 trillion in government guarantees to Freddie and Fanny. The real question is can America stay in business itself? Do you believe the US can keep borrowing and spending money? I bet if polled overwhelmingly Americans would say absolutely not. But as you know we the people as we are called have no say in any of this.
It is not about the government owning all these companies. It is about you losing all your investments in those companies. It is even more so that the governments of the world own the US and therefore those companies and you and me as a result. This will continue to cascade industry by industry. I have been saying for a year that America is a consumption economy that is devastated therefore everything – up and down the food chain – is also and will be devastated ongoing. This is not over by a long shot. And the GM, Chrysler, AIG, on and on supplemented by all the horrifying policies, business operations and the economic rape of us as Americans is at best much much worse than horrifying.
Economic Rape!
Wiped out. All your GM stock whether you are a private citizen, an institutional investor, an autoworker or anyone that invested in GM you have lost all your money. If you think the portfolio of other stocks you own won’t be affected even worse than it already is think again. Yes the stock market is up – but it goes up and down every day. Yes the general economy needed an unprecedented government intervention. But at what cost to the American Company itself? We are not investing in these companies – we are borrowing money from the world to invest and loan this money. So we shore up the balance sheets of all these companies while our balance sheet is so upside down we are essentially getting a bailout from the rest of the world. Do you think Clinton and Geithner going to China is a coincidence?
Fiat is swooping in on Chrysler. A surgical bankruptcy? Selling GM assets to Germany. The government getting 60 percent of GM. Come on now. Who is buying cars? Can your listeners afford to run out and get a new car? Will consumers buy “Green” cars that will eventually be built in America or will they shift heavily into foreign cars – more than they are already? Will they accept a tax credit of more borrowed money to trade in their cars for a more fuel efficient car? America making more promises to now support warranties on cars – like the $5 trillion in government guarantees to Freddie and Fanny. The real question is can America stay in business itself? Do you believe the US can keep borrowing and spending money? I bet if polled overwhelmingly Americans would say absolutely not. But as you know we the people as we are called have no say in any of this.
It is not about the government owning all these companies. It is about you losing all your investments in those companies. It is even more so that the governments of the world own the US and therefore those companies and you and me as a result. This will continue to cascade industry by industry. I have been saying for a year that America is a consumption economy that is devastated therefore everything – up and down the food chain – is also and will be devastated ongoing. This is not over by a long shot. And the GM, Chrysler, AIG, on and on supplemented by all the horrifying policies, business operations and the economic rape of us as Americans is at best much much worse than horrifying.
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