Quote:How is Holden holding up for GM in Australia?

Holden is doing well and still in our possession, I understand. But you have to wonder about how long that's going to last. They have right side steering wheels and that's always been a niche demand for GM. Whereas it's the same in Japan, so how competitive can we be?

(06-13-2009 02:16 PM)BroncoPhilly Wrote:  But I am investing in EURO Futures.

Lol. So much for investing in gold.

Or other gold backed currencies.

Quote:Uh huh. And what happens when we go from a Trillion and a half Dollar deficit to NO DEFICIT in 1-2 years and end up putting 30% of the American population out on the street?

You still seem to think there are easy solutions, Dip

Phil, I'm no economist, but 2nd grade math will tell you, if you owe all of your neighbors money, you're not going to get out of debt by going on a wild spending spree. So far that's been B.O.'s plan.

Our hope and change ain't going so well. Obama had predicted "that with the stimulus spending, the U.S. unemployment rate this year would not exceed 8%. It now stands at 9.4%." Solution. Let's start the largest government program in our history, national healthcare.

Quote:Lol. So much for investing in gold.

Or other gold backed currencies.

I do both.

One more effort to appear clever falls on the rocks, Steer. Keep on trying, even a blind squirrel finds and acorn once in awhile.

Dip, if we were to go from a 1 1/2 Trillion Dollar deficit to NO Deficit in a year or two it'd put the US economy on the rocks. You'd see MASSIVE unemployment on the order of 30-40%, minimum.

Like it or not a major portion of the US economy is built on government spending. It never should have been that way, but we've had decades of increasing the size of government and that won't change overnight.

It would take many decades of consistent and steady cost-cutting to prune down the size of government in a politically acceptable way, IF the will to do so was there. And it isn't.

Finally, as much as you hate to criticise Bush in any way, shape or form he is equally to blame as Obama. If Bush had only HELD government spending at 2000 Fiscal Year levels (instead of letting it grow by 7-8% every year) our problems today would be significantly less. He didn't because he is no conservative-and here we are.

It's like telling my niece we can't go to the park because the car is broke down Phil. Won't matter how you say it, all she hears is we're not going.

(06-14-2009 11:31 AM)BroncoPhilly Wrote:  

Quote:Lol. So much for investing in gold.

Or other gold backed currencies.

I do both.

One more effort to appear clever falls on the rocks, Steer. Keep on trying, even a blind squirrel finds and acorn once in awhile.

The hypocrisy watch will continue to search...

Search on, McDuff. I don't run and hide from the record of my comments.

(06-14-2009 03:16 PM)BroncoPhilly Wrote:  Search on, McDuff. I don't run and hide from the record of my comments.

Searching for: not necessarily you.