Obama admits to mistake

TheBrutalTruth said:

You got something to cite on your information?

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Those must be evry recent numbers and everyone is in the tank now (ty Obama). Go back a few years....all will be revealed.

No matter how much the car costs coming out of detroit....3800 per car is to pay off 178000 pensioners. This cannot continue. Actually it won't GM and Chrysler took the monies when they knew darn well it wouldn't go far...shameful. In the end after we have given them billions....they will default. I believe this has been their plan all along. take as much free money as possible and then declare bankruptcy. Then they will be free of the onerous union contracts which are killing them and can start over. It's a shell game....with our money.


out.

CrackerJax said:

Those must be evry recent numbers and everyone is in the tank now (ty Obama). Go back a few years....all will be revealed.

No matter how much the car costs coming out of detroit....3800 per car is to pay off 178000 pensioners. This cannot continue. Actually it won't GM and Chrysler took the monies when they knew darn well it wouldn't go far...shameful. In the end after we have given them billions....they will default. I believe this has been their plan all along. take as much free money as possible and then declare bankruptcy. Then they will be free of the onerous union contracts which are killing them and can start over. It's a shell game....with our money.


out.

Click to expand...

the politicians who gave them the money knew it would not be repaid back.nor would bussiness just all up and appear and everyone would be selling millions of cars again.
the american consumer is taped out .the value of the equity in their assets(property) is gone ,to put fuel on the fire(the economy)they need that money.no place to get it.the real unemployment rate is figured to be around the 20% range.
there is so many people out of work right now that that has restricted a recovery.
the only place i see this economy stoping in its down fall is at the bottom.
the rate of bank failures.bankruptcy and foreclosures is escalating in speed and intensity.this is the perfect storm so to speak.
like you i am well positioned to weather the storm and do well in the process .
but just the same we have to live in this country and there is always a ever increasing threat that government could confiscate ALL wealth in this country.we are headed down that slippery slope.
the camel already has its nose under the tent and has come on in already.

Capital has hit the sidelines and with the inane policies being spewed forth, it's not coming back....

Know what else is not coming back? about 100,000 HIGHLY educated Indians and the same amount of Chinese. These folks see the writing on the wall and are answering with their feet. They are running the heck out of here. This is terrible...and the bleeding has only begun. Foreign capital is fleeing quickly and in case anyone noticed the entire country is over mortgaged. Not good...not good at all.

out.

I agree there, what's to stop them from just coming in and buying everything up? Already they could shut down half the gas stations, motels and fast food places if they want to.

Sarcasm Miss?

well done....


out.