This article:

http://www.telegraph.co.uk/news/worl...m-economy.html

says US carmaker failure could cut 4% from the GDP. But the cost of a
bailout is no less than 6% of GDP!

No brainer!

Let them go bankrupt!

Charles Momsen wrote:
This article:

http://www.telegraph.co.uk/news/worl...m-economy.html

says US carmaker failure could cut 4% from the GDP. But the cost of a
bailout is no less than 6% of GDP!

No brainer!

Let them go bankrupt!


I believe this underestimates the effect. While the loss caused
directly by the personnel working for the big 3 maybe only 4%. There
are other losses that are not being considered. In an area like
Indianapolis there are many business that are dependent on the auto
industry. The prepared food industry will be hit hard as layoff will
directly effect them. There are similar industries that will be
effected that are several generation removed from the company
manufacturing cars.

The other cost is a general cost. When polosi caused the failure of the
first bailout bill the market lost about 30% in 15 days. The market has
not recovered. I have seen data indicating that if the auto industry is
not bailed out, the stock market will loose another 2000 points. As I
remember about the time of polosi's tantrum, 401k plans had lost nearly
4 trillion dollars. With the subsequent losses in the market it is many
times that in all of the companies that have been effected by the
democrats bad mortgages, and the lack of credit.

Keith nuttle wrote:
Charles Momsen wrote:
This article:

http://www.telegraph.co.uk/news/worl...m-economy.html


says US carmaker failure could cut 4% from the GDP. But the cost of a
bailout is no less than 6% of GDP!

No brainer!

Let them go bankrupt!

I believe this underestimates the effect. While the loss caused
directly by the personnel working for the big 3 maybe only 4%. There
are other losses that are not being considered. In an area like
Indianapolis there are many business that are dependent on the auto
industry. The prepared food industry will be hit hard as layoff will
directly effect them. There are similar industries that will be
effected that are several generation removed from the company
manufacturing cars.

The other cost is a general cost. When polosi caused the failure of the
first bailout bill the market lost about 30% in 15 days. The market has
not recovered. I have seen data indicating that if the auto industry is
not bailed out, the stock market will loose another 2000 points. As I
remember about the time of polosi's tantrum, 401k plans had lost nearly
4 trillion dollars. With the subsequent losses in the market it is many
times that in all of the companies that have been effected by the
democrats bad mortgages, and the lack of credit.

Just for the record the market lost another 6% today. That is another
2000 points since election day. It has now lost nearly 50% of its
value since the end of polosi's 100 days. I believe that is slightly
more than 4%GDP Every day that congress drags its feet the market suffers.

The 50% is the largest losses since the depression in the 1930's when
the market lost 80% of its value, and the only thing that turned it
around was a war.

"Keith nuttle" wrote in message
...
Keith nuttle wrote:
Charles Momsen wrote:
This article:

http://www.telegraph.co.uk/news/worl...m-economy.html

says US carmaker failure could cut 4% from the GDP. But the cost of a
bailout is no less than 6% of GDP!

No brainer!

Let them go bankrupt!

I believe this underestimates the effect. While the loss caused directly
by the personnel working for the big 3 maybe only 4%. There are other
losses that are not being considered. In an area like Indianapolis there
are many business that are dependent on the auto industry. The prepared
food industry will be hit hard as layoff will directly effect them.
There are similar industries that will be effected that are several
generation removed from the company manufacturing cars.

The other cost is a general cost. When polosi caused the failure of the
first bailout bill the market lost about 30% in 15 days. The market has
not recovered. I have seen data indicating that if the auto industry is
not bailed out, the stock market will loose another 2000 points. As I
remember about the time of polosi's tantrum, 401k plans had lost nearly 4
trillion dollars. With the subsequent losses in the market it is many
times that in all of the companies that have been effected by the
democrats bad mortgages, and the lack of credit.

Just for the record the market lost another 6% today. That is another
2000 points since election day. It has now lost nearly 50% of its value
since the end of polosi's 100 days. I believe that is slightly more than
4%GDP Every day that congress drags its feet the market suffers.

The 50% is the largest losses since the depression in the 1930's when the
market lost 80% of its value, and the only thing that turned it around was
a war.


It must be Obama's fault. After all, he's not the president. Dick (I've been
indicted, along with my buddy Al) Cheney is.

Too bad the judge didn't issue an arrest warrant. He's clearly a flight
risk... he might go to his undisclosed location. LOL

--
"j" ganz @@
www.sailnow.com

Keith nuttle wrote:

Just for the record the market lost another 6% today. That is another
2000 points since election day. It has now lost nearly 50% of its
value since the end of polosi's 100 days. I believe that is slightly
more than 4%GDP Every day that congress drags its feet the market suffers.


You left out "at the end of the most obstructionist Senate in the
history of the Congress",, never has an elected majority had it's will
so thwarted in 300 years of American history....

Cheers
Martin

"Marty" wrote in message
...
Keith nuttle wrote:

Just for the record the market lost another 6% today. That is another
2000 points since election day. It has now lost nearly 50% of its value
since the end of polosi's 100 days. I believe that is slightly more than
4%GDP Every day that congress drags its feet the market suffers.


You left out "at the end of the most obstructionist Senate in the history
of the Congress",, never has an elected majority had it's will so thwarted
in 300 years of American history....

Cheers
Martin


Hey, we in the US have a lot to be proud off.. Think of it this way. We're
the only country to take some icecream, put it between two chocolate cookies
smothered in chocolate syrup, and think, "Can I deep fry this?" The answer
is Yes We Can!

--
"j" ganz @@
www.sailnow.com

Capt. JG wrote:
"Marty" wrote in message
...
Keith nuttle wrote:
Just for the record the market lost another 6% today. That is another
2000 points since election day. It has now lost nearly 50% of its value
since the end of polosi's 100 days. I believe that is slightly more than
4%GDP Every day that congress drags its feet the market suffers.

You left out "at the end of the most obstructionist Senate in the history
of the Congress",, never has an elected majority had it's will so thwarted
in 300 years of American history....

Cheers
Martin


Hey, we in the US have a lot to be proud off.. Think of it this way. We're
the only country to take some icecream, put it between two chocolate cookies
smothered in chocolate syrup, and think, "Can I deep fry this?" The answer
is Yes We Can!


Well, I'll have to concede that! Not mention that indestructible,
totally without nutritional value, never needs refrigeration, yet still
surprisingly tasty roll, the Twinky!

Cheers
Martin

"Marty" wrote in message
...
Keith nuttle wrote:

Just for the record the market lost another 6% today. That is another
2000 points since election day. It has now lost nearly 50% of its value
since the end of polosi's 100 days. I believe that is slightly more than
4%GDP Every day that congress drags its feet the market suffers.


You left out "at the end of the most obstructionist Senate in the history
of the Congress",, never has an elected majority had it's will so thwarted
in 300 years of American history....

Cheers
Martin

Gridlock - it's our only hope.

Warning lights are flashing down at quality control
Somebody threw a spanner and they threw him in the hole
Theres rumors in the loading bay and anger in the town
Somebody blew the whistle and the walls came down
Theres a meeting in the boardroom theyre trying to trace the smell
Theres leaking in the washroom theres a sneak in personnel
Somewhere in the corridors someone was heard to sneeze
goodness me could this be industrial disease?

The caretaker was crucified for sleeping at his post
Theyre refusing to be pacified its him they blame the most
The watchdogs got rabies the foremans got fleas
And everyones concerned about industrial disease
Theres panic on the switchboard tongues are ties in knots
Some come out in sympathy some come out in spots
Some blame the management some the employees
And everybody knows its the industrial disease

The work force is disgusted downs tools and walks
Innocence is injured experience just talks
Everyone seeks damages and everyone agrees
That these are classic symptoms of a monetary squeeze
On itv and bbc they talk about the curse
Philosophy is useless theology is worse
History boils over theres an economics freeze
Sociologists invent words that mean industrial disease

Doctor parkinson declared Im not surprised to see you here
Youve got smokers cough from smoking, brewers droop from drinking beer
I dont know how you came to get the betty davis knees
But worst of all young man youve got industrial disease
He wrote me a prescription he said you are depressed
But Im glad you came to see me to get this off your chest
Come back and see me later - next patient please
Send in another victim of industrial disease

I go down to speakers corner Im thunderstruck
They got free speech, tourists, police in trucks
Two men say theyre jesus one of them must be wrong
Theres a protest singer singing a protest song - he says
they wanna have a war to keep us on our knees
They wanna have a war to keep their factories
They wanna have a war to stop us buying japanese
They wanna have a war to stop industrial disease
Theyre pointing out the enemy to keep you deaf and blind
They wanna sap your energy incarcerate your mind
They give you rule brittania, gassy beer, page three
Two weeks in espana and sunday striptease
Meanwhile the first jesus says Id cure it soon
Abolish monday mornings and friday afternoons
The other ones on a hunger strike hes dying by degrees
How come jesus gets industrial disease

"Keith nuttle" wrote in message
...
I believe this underestimates the effect. While the loss caused directly
by the personnel working for the big 3 maybe only 4%. There are other
losses that are not being considered. In an area like Indianapolis there
are many business that are dependent on the auto industry. The prepared
food industry will be hit hard as layoff will directly effect them.
There are similar industries that will be effected that are several
generation removed from the company manufacturing cars.

Yup.

The other cost is a general cost. When polosi caused the failure of the
first bailout bill the market lost about 30% in 15 days. The market has
not recovered. I have seen data indicating that if the auto industry is
not bailed out, the stock market will loose another 2000 points. As I
remember about the time of polosi's tantrum, 401k plans had lost nearly 4
trillion dollars. With the subsequent losses in the market it is many
times that in all of the companies that have been effected by the
democrats bad mortgages, and the lack of credit.

Don't be a dope. McCain solved the economic crisis, despite Pelosi. LOL

--
"j" ganz @@
www.sailnow.com