Not Ranked
Fair and funny enough. But, the point is surely being missed here. We have gone from a country where self reliance was considered an admirable trait and accepting charrity was considered totally embarassing to quite the reverse. That is not funny. Its sad. Friggin auto company bosses going hat in hand to the governement asking for alms. Same for most state governors. And large city mayors. And many banks. The timeless story in "Its a Wonderful Life" is lost today on most of us.
What I do not get is WHY the auto makers would not prefer bankruptcy to alms? They could finally get rid of the unions. And become competitive. The Japanese would be laughing their boots off if it were not for the fact that their number one importer is US. If we go bust, so do they!
We can print only so much money before it starts to cost pounds of money for a pound of bread.
It is the end of the world as we know it.
Mike
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Happy to be back at Club Cobra!
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