The death of the US auto industry

[jgalar]

Once Obama gets in the auto industry will be nationalized and not only will the unions stay in place, but the workers will be Federal employees.

The cars offered will be Yugo/Trabant like, but will still cost as much as a Lincoln Navigator.

[gypsyman]

What with inflation, the money won't be worth anything. TM, your right as far the hold of the credit card company's and lending institutions have. Problem is, even they aren't going to be able to save themselves. This country as a whole, is so far in debt, the gov't is bailing out all these company's with money that they are ''borrowing'' from the future. The people that arn't in debt, really are. They just don't know it,yet. Now the car company's are offering mega discounts with no interest loans. To who. The people that can't afford them in the first place. In just a couple of months, the farmers are going to borrow for seeds for next years crops. Wonder if the gov't has anything to do with that? I'm sure they do, I just don't know in what capacity. That'll be an interesting situation! gypsyman

[goater]

Somebody better hope that we get manufacturing, again going in the US. Realize that we (US, both private and public) are horribly in debt. The only way to repay debt is with newly created wealth. The only way to create wealth is with value added activities (manufacturing, construction, mining, agriculture). A doctor does not create wealth, a sales clerk does not create wealth, a lawyer does not create wealth ... a banker creates money (not wealth) but the money is balanced by new debt.

We need to get more value added activities going, ASAP, in this country, or we we are toast as a country. Breast beating will not do it.. wallowing in the past will not do it ... corporations that outsource are the problem .. not the solution

[SHOOTALL]

GOATER, bankers don't blance new money with debt  . They "create " money yes but only have to have 10% reserve . 90% vs. 10% ain't blanced is it ? profitable yes - blanced no !