6/1/09

It's very cloudy outside.....

  • It has been reported that now that bailout funds have rescued them , banks are eager to get back to business as usual. They apparently will fight tighter regulatory practices down to our last dollar.
  • Everyone who sends out financial statement are using a lot of paper to embarrass us into going paperless. Go green, it will save the environment! Interesting that where there is a buck to made they find it convenient to become environmentalists. No hint as to their willingness to share the profits.
  • GM is bankrupt! Somehow I find it difficult to shed a tear, especially since a Hummer forced me to take the shoulder recently.
  •  We will be the majority owners in the new GM. We will be the silent owners in the new GM. The new GM will tell us what we  should drive, just like the old GM.
  • My guess is that the new GM will be an American corporation with headquarters in Detroit and plants in China and Mexico. The Detroit headquarters will be important if they are to qualify for more bailout funds.
  • Fiat will run Chrysler. They will finish the job Daimler started - run Chrysler right into the ground.
  • Social Security and Medicare need fixing but the job is a political mine field. After all a Congressman needs job security and that nice government pension. The motto in Congress is “Don’t do today what you can put off until tomorrow!”.

  • Actually things aren’t that bad, they just look bad. On the other hand, looks are all we can go by.
 There is a threat of a thunderstorm. I feel it in my thinking.

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