Friday, October 10, 2008

Opportunity Lost

Now it's GMC's turn. Their stock dropped below $5.00 per share for the first time since 1951. They are finding out its tough selling 30K vehicles without financing. So do we go ahead and stroke them a check to? I'm sure we will do something to bail them out. Boy, did we miss a great opportunity to turn things around in this country 7 years ago.
President Bush had it all. Right after 9/11 he had the congress, the people, and most of the free world behind him. With the right direction alot of these problems could have been avoided. If you remember President Bush in his speech told everyone to go out and spend money. WRONG!! He said that Iraq was responsible for the attack. WRONG!! He said we needed to attack them on their soil and take the fight to them. Partially WRONG!! What he failed to say was this. The people who attacked us were Saudi's, Egyptians, and Syrians all funded by us. Yep, everytime we import oil from the middle east we are funding their campaign. Instead of telling us to spend he should have told us to cut back. During WWII this country was asked to make sacrifices. What sacrifices were we asked to make after 9/11? During WWII the automakers converted over to building tanks and planes. Why weren't the automakers told to convert over to building vehicles that would get a minimum of 30mpg? Do you think he would have faced as much opposition to drilling and to nuclear power if he had explained it was for fighting our enemy? Of course not. And finally he should have made it clear we were coming for Al-Quida in Afghanistan and there would be no prisoners, no negotiations, no questions. The Taliban could turn them over or they all could die together.
No what happened was we invaded a country that had nothing to do with 9/11. We spent 100's of billions of dollars while giving tax breaks. We were encouraged to buy houses we couldn't afford. Detroit continued building oversized vehicles and we continued financing them up to 84 months. Now the chickens have come home to roost and unfortunately they are producing no eggs.

Syd

"In trouble where will we turn
And when you're losing the fight
Who's your white knight gonna be
Our worlds out of order and all I
see is missed opportunity" Hall & Oates "Missed Opportunity"

No comments: