yikes! the systemic risk this administration is creating

[floridasandy]

to try to bring myself get back on track, here is a sobering statistic.

this year the US government will need to borrow just under 50 cents for every dollar it spends

[floridasandy]

here is another sobering statistic:
americans lost 1.3 trillion dollars of wealth in the first quarter of this year.

Household Wealth in U.S. Decreased by $1.3 Trillion (Update1) - Bloomberg.com

as housing prices continue to fall, we have this little gem out of washington:
http://www.bloomberg.com/apps/news?p...d=aI3l8W6tflrg
i guess if an 8,000 housing credit does not work, make it 15,000 dollars. the problem with these proposals is that they create a temporary boon, effectively raising the value by 15,000, but only short term until the credit is over. you have to address the underlying problem, which is the loss of jobs and manufacturing in this country!

[wheelsup]

Originally Posted by floridasandy

you have to address the underlying problem, which is the loss of jobs and manufacturing in this country!

Like Ford, GM and Chrysler?

[floridasandy]

i have never criticized ford, as i feel that they are a great american company. they are trying to behave responsibly in an economic downturn and i wish them well. i would definitely buy a ford before i would buy GM or chrysler.