Well, we heard GM may be forced into Chapter 11 Bankrupsy
protection and should bee in my opinion. The Federal Government
is contemplating throwing more money down the sewer which is AIG.
My answer is no. On Friday, we heard that the economy lost some
651,000 jobs in February, sending the nation's unemployment rate
to over 8%, worse since 1983.
Things continue to go from bad to worse in our economy, even
after President Obama took office. It's his problem now, and he
needs to deal with it responsibly! No longer can Obama claim he
inherited this mess, because the mess continues. However, the
left wing liberal nut jobs and the main stream media will
probably let him continue to do so at least for a short time.
Americans like me aren't going to buy it. We're not going to buy
stocks just because Obama decrees that owe should, at least I'm
not.
It's time for people who know financials, and not politicians to
be put in charge of trying to help our economy. The economy is
cyclical, and will recover and prosper again, even without
Governmental intervention. It sure as hell doesn't need the
kinds of out of control, deficit spending we are seeing to help
it. The sooner people like Obama and his treasury Secretary who
doesn't even know how to pay his own taxes figure that out and
get the hell out of the way, the better for America.
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