"Eisboch" wrote in message
...
When Bush first took office the national average price for a gallon of
regular gas was $1.46.

Today, eight years later, regular is selling around here for about
$2.21/gal. In some places, like Cleveland, Ohio, the price has dropped
below 2 bucks/gal.

Not bad for 8 years.

Nice job, W.


Eisboch (the facts are true, the rest is a joke to yank a few chains)

The lower gas prices are nice. It's the rest of the *world* economy I'm
worried about.

"D.Duck" wrote in message
...

"Eisboch" wrote in message
...
When Bush first took office the national average price for a gallon of
regular gas was $1.46.

Today, eight years later, regular is selling around here for about
$2.21/gal. In some places, like Cleveland, Ohio, the price has dropped
below 2 bucks/gal.

Not bad for 8 years.

Nice job, W.


Eisboch (the facts are true, the rest is a joke to yank a few chains)

The lower gas prices are nice. It's the rest of the *world* economy I'm
worried about.

Insightful. It is really called deflation. The opposite of inflation.
With the market loosing so much value, people losing jobs, the prices people
will pay is going with it. The right "sustainable" price for oil would be
about $70-85 barrel.

Sounds good at first glance, but it is in reality a sure sign of depression.
It means that homes will further decrease in value and even more people will
"walk away" from their debts. In effect, the US economy value is equalizing
to India, China, South America...

This will lead to total collapse as how does the US government pay for a 12
trillion debt in an outright stalled economy? Government prints money like
a crack junky shoots dope.

Add the insatiable spend-crazy lust for governments to bail out companies
like GM and the banks paints a bleak picture for the US economy. Very bleak
indeed. Every time the government announces a bail out we get a market
tumble.

"Canuck57" wrote in message
...

"D.Duck" wrote in message
...

"Eisboch" wrote in message
...
When Bush first took office the national average price for a gallon of
regular gas was $1.46.

Today, eight years later, regular is selling around here for about
$2.21/gal. In some places, like Cleveland, Ohio, the price has dropped
below 2 bucks/gal.

Not bad for 8 years.

Nice job, W.


Eisboch (the facts are true, the rest is a joke to yank a few chains)

The lower gas prices are nice. It's the rest of the *world* economy I'm
worried about.

Insightful. It is really called deflation. The opposite of inflation.
With the market loosing so much value, people losing jobs, the prices
people will pay is going with it. The right "sustainable" price for oil
would be about $70-85 barrel.

Sounds good at first glance, but it is in reality a sure sign of
depression. It means that homes will further decrease in value and even
more people will "walk away" from their debts. In effect, the US economy
value is equalizing to India, China, South America...

This will lead to total collapse as how does the US government pay for a
12 trillion debt in an outright stalled economy? Government prints money
like a crack junky shoots dope.

Add the insatiable spend-crazy lust for governments to bail out companies
like GM and the banks paints a bleak picture for the US economy. Very
bleak indeed. Every time the government announces a bail out we get a
market tumble.

My hope is that the GM/Ford/Chrysler problems are resolved (if resolvable)
in bankruptcy, not throwing more tax payer dollars at them.

"D.Duck" wrote in message
...


My hope is that the GM/Ford/Chrysler problems are resolved (if resolvable)
in bankruptcy, not throwing more tax payer dollars at them.


Duck, I couldn't agree with you more. Chapter 11 isn't permanent. It
allows for "reorganization" which is exactly what the auto industry needs to
do right now. Revise business plans, products and re-negotiate the union
contracts under the watchful eye of a bankruptcy judge.

Handing them a pile of taxpayer money, calling it a government "investment"
just to keep them in business under their current organizational structures
won't do a damn thing.

Eisboch

On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:


"D.Duck" wrote in message
m...


My hope is that the GM/Ford/Chrysler problems are resolved (if resolvable)
in bankruptcy, not throwing more tax payer dollars at them.


Duck, I couldn't agree with you more. Chapter 11 isn't permanent. It
allows for "reorganization" which is exactly what the auto industry needs to
do right now. Revise business plans, products and re-negotiate the union
contracts under the watchful eye of a bankruptcy judge.

Handing them a pile of taxpayer money, calling it a government "investment"
just to keep them in business under their current organizational structures
won't do a damn thing.

I agree.

Tom Francis - SWSports wrote:
On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:

"D.Duck" wrote in message
...

My hope is that the GM/Ford/Chrysler problems are resolved (if resolvable)
in bankruptcy, not throwing more tax payer dollars at them.

Duck, I couldn't agree with you more. Chapter 11 isn't permanent. It
allows for "reorganization" which is exactly what the auto industry needs to
do right now. Revise business plans, products and re-negotiate the union
contracts under the watchful eye of a bankruptcy judge.

Handing them a pile of taxpayer money, calling it a government "investment"
just to keep them in business under their current organizational structures
won't do a damn thing.

I agree.


I think the bailouts should be stopped dead until the Bush
Administration reveals who has gotten every dollar handed out so far.

Boater wrote:
Tom Francis - SWSports wrote:
On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:

"D.Duck" wrote in message
...

My hope is that the GM/Ford/Chrysler problems are resolved (if
resolvable) in bankruptcy, not throwing more tax payer dollars at them.

Duck, I couldn't agree with you more. Chapter 11 isn't permanent.
It allows for "reorganization" which is exactly what the auto
industry needs to do right now. Revise business plans, products and
re-negotiate the union contracts under the watchful eye of a
bankruptcy judge.

Handing them a pile of taxpayer money, calling it a government
"investment" just to keep them in business under their current
organizational structures won't do a damn thing.

I agree.


I think the bailouts should be stopped dead until the Bush
Administration reveals who has gotten every dollar handed out so far.

For once you have a good idea. If the unions are requires to make public
their business expenses and employee salaries, so should the government
when they hand out gobs of money to poorly managed businesses.

"Boater" wrote in message
...
Tom Francis - SWSports wrote:
On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:

"D.Duck" wrote in message
...

My hope is that the GM/Ford/Chrysler problems are resolved (if
resolvable) in bankruptcy, not throwing more tax payer dollars at them.

Duck, I couldn't agree with you more. Chapter 11 isn't permanent. It
allows for "reorganization" which is exactly what the auto industry
needs to do right now. Revise business plans, products and
re-negotiate the union contracts under the watchful eye of a bankruptcy
judge.

Handing them a pile of taxpayer money, calling it a government
"investment" just to keep them in business under their current
organizational structures won't do a damn thing.

I agree.


I think the bailouts should be stopped dead until the Bush Administration
reveals who has gotten every dollar handed out so far.

I am sure at this point, Obama is aware of the spending. Last I heard he
supports it.

On Thu, 13 Nov 2008 11:38:58 +0000, Tom Francis - SWSports wrote:

On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:


"D.Duck" wrote in message
om...


My hope is that the GM/Ford/Chrysler problems are resolved (if
resolvable) in bankruptcy, not throwing more tax payer dollars at
them.


Duck, I couldn't agree with you more. Chapter 11 isn't permanent. It
allows for "reorganization" which is exactly what the auto industry
needs to do right now. Revise business plans, products and
re-negotiate the union contracts under the watchful eye of a bankruptcy
judge.

Handing them a pile of taxpayer money, calling it a government
"investment" just to keep them in business under their current
organizational structures won't do a damn thing.

I agree.

Tough call. I don't like these bailouts, but can we afford not to? In
this country, 1 in 10 jobs are connected to the auto industry. If the
auto companies fail, we're talking depression, not recession. All of
this, could get real scary, real quick.

wrote:
On Thu, 13 Nov 2008 11:38:58 +0000, Tom Francis - SWSports wrote:

On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:


"D.Duck" wrote in message
...

My hope is that the GM/Ford/Chrysler problems are resolved (if
resolvable) in bankruptcy, not throwing more tax payer dollars at
them.


Duck, I couldn't agree with you more. Chapter 11 isn't permanent. It
allows for "reorganization" which is exactly what the auto industry
needs to do right now. Revise business plans, products and
re-negotiate the union contracts under the watchful eye of a bankruptcy
judge.

Handing them a pile of taxpayer money, calling it a government
"investment" just to keep them in business under their current
organizational structures won't do a damn thing.
I agree.

Tough call. I don't like these bailouts, but can we afford not to? In
this country, 1 in 10 jobs are connected to the auto industry. If the
auto companies fail, we're talking depression, not recession. All of
this, could get real scary, real quick.

Busting the unions should be a requisite part of any bailout plan.
Otherwise they will be back again in a few years looking for another
handout. It's time we earn from our mistakes and stop repeating them.