tag:blogger.com,1999:blog-570497968855832694.post6038027086923544609..comments2023-05-10T04:52:13.662-05:00Comments on American Descent: Because it Bears RepeatingUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-570497968855832694.post-84898608343467138432009-06-02T10:09:01.344-05:002009-06-02T10:09:01.344-05:00Could it be that the economy overall has stepped b...Could it be that the economy overall has stepped back from the brink of a depression, but the auto industry and specifically GM does not look to be recovering so quickly. Notice in your second quote the words, <I>"More plants will close. More dealerships will shut their doors, and so will many parts suppliers."</I> These are sort of the clues that he was speaking to a specific industry.BenT - the unbelievernoreply@blogger.comtag:blogger.com,1999:blog-570497968855832694.post-46700016444368809322009-06-01T18:54:07.759-05:002009-06-01T18:54:07.759-05:00Yes, but it OWNS GM.
In today's little speech...Yes, but it OWNS GM.<br /><br />In today's little speech Obama SAID he didn't want to run a car company, then he went right into the details of how he was going to run it.<br /><br />He said TODAY that this wouldn't make anything better overnight... things would continue to worsen for the foreseeable future.<br /><br />Obama: May 27, Los Angeles, CA<br /><br /><i>"If you like what you've seen, you ain't seen nothin' yet... When you look at the economy right now, I think it's safe to say that we have stepped back from the brink, that there is some calm that didn't exist before."</i><br /><br />Obama: This morning, all grim faced and somber...<br /><br /><i>"I will not pretend the hard times are over. Difficult days lie ahead. More jobs will be lost. More plants will close. More dealerships will shut their doors, and so will many parts suppliers. But I want you to know that what you're doing is making a sacrifice for the next generation, a sacrifice you may not have chose to make, but a sacrifice you are nevertheless called to make so that your children and all the -- of our children can grow up in America that still makes things, that still builds cars, that still strives for a better future."</i><br /><br />Whoa!!!! So, last week America's economy stepped back from the brink, but this week we're going to lose more jobs? there are more sacrifices Americans need to make?<br /><br />Flip-flopping in less than a week? All smiles stepping back from the "brink" to his Hollywood supporters last week, but more job losses and sacrifices to the rest of America this week?Erichttps://www.blogger.com/profile/08874712703862427318noreply@blogger.comtag:blogger.com,1999:blog-570497968855832694.post-43384367685856989782009-06-01T17:37:03.354-05:002009-06-01T17:37:03.354-05:00Conor Clarke of the Atlantic actually looked at re...<A HREF="http://business.theatlantic.com/2009/06/now_that_the_government_owns_general_motors.php" REL="nofollow">Conor Clarke of the Atlantic actually looked at reality and</A> <br /><br /><I>"I should have a little note on methodology here: I took the value of all publicly traded companies in the United States, which is available in the CIA factbook. The last data available is from December 31 2007, so I adjusted that value based on the percentage declines of a few major stock indices. I took that value -- about $12.5 trillion -- and subtracted the publicly traded values of the companies the United States owns. I used AIG, General Motors, Fannie and Freddie. I estimated values for a couple of other companies -- Amtrak, the Corporation for Public Broadcasting, the TVA, etc -- and threw them into the mix, too. A little algebra and presto, we have the chart."</I> <br /><br /><br />The final analysis is that the united states government own 0.0507% of America's companies.BenT - the unbelievernoreply@blogger.com