…And Barack Obama Decides The US Government Is Going Into the Auto Warranty Business…
Not sure what other signs we need that Obama is pursuing a national-socialist economy, but his latest hare-brained scheme is to get the US Government in the auto-warranty business… I guess Barack Obama can add another title to his portfolio, Car Czar ABC One, the president will announce a new government-backed warranty program for all [...]
Why The Market Continues To Vote “No” On Obama’s National-Socialist Agenda…
Awesome editorial from the Investors Business Daily. It basically says the same things we’ve been saying here for ages, good thing others are beginning to notice… IBD Is It Any Wonder The Market Continues To Sink? Last Oct. 13, in trying to explain why the market had sold off 30% in six weeks, we acknowledged [...]
GM To Invest $1 Billion from Bailout fund in Brazil…
I have nothing against Brazil or Brazilians, but why are funds which were meant to keep US companies afloat short term being used to invest long term in the economy of another nation? Yeah I am for free trade, and lower production costs, but this is insanity. Latin America Herald Tribune General Motors plans to [...]
Bailout At Work- Chrysler Gets Bailout Tax Dollars, Immediately Offers 0% Financing…
Seems Chrysler has decided to put the bailout dollars it got to immediate use: With $1.5 billion in federal loan money on the way, Chrysler LLC rolled out an array of financing options including 0 percent to lure customers back into dealerships. Chrysler is offering 0 percent financing for up to 60 months on many [...]
As Hong Kong is Declared The Freest Economy, Bernanke Wants Even More Govt Involvement in the US Economy…
We live in bizarre times… What is one to make of news items such as these: Bloomberg Federal Reserve Chairman Ben S. Bernanke warned that a fiscal stimulus won’t be enough to spur an economic recovery and that the government may need to buy or guarantee banks’ tainted assets to revive growth. “Fiscal actions are [...]
