Thursday, November 18, 2010
just thinking ....
Today Governmental Motors.. GM...
what I think.. haha... is that America got screwed again under Obubba's watch.
about 20 Billion in shares at 33.00 a share went on sale today.
now why does this matter.
WE - you and I - pay taxes to the US Government each year. The Government bought a private business with our money. 50 Billion of it. Under the watchful eye of Obubba, that company went belly up! Now in order to repay the taxpayers, you and I, they restructured the company, bailed out the unions and sweetened their health insurance, gave them exemptions for the awesome obubba heathcare, and screwed the stockholders who owned the stock at 60 or higher and watched it go to zero... yes, if you owned 1000 shares at 60 a share in GM before bubba screwed it up, you now own zero and there is ... yes there is a GM, but you own nothing!
and even adding salt to that wound, you can not buy the new unless you are an institutional investor, the little man who might own a few share or even a 1000 shares can not buy into this... but China will own over 1% of it by end of the day, if not already.
So now, to buy from the USA things made in the USA to help the economy and put folks to work, we will have to surmise that we are also helping bail out China, even at one percent, it's more than it should be.
I have never seen one man do so much crap to run our country ever in my life.
The morons who thought Bush was bad... didn't have a clue how bad life could really be till now.
Bush will be a giant among men compared to the nut we have now. When you are broke, you do not spend money. You cut back. You don't go on worthless trips that cause more financial harm to your employer, etc.
going back to the 9 small businesses in our one mile on 177 South of Stillwater.
they have a gross revenue of over of over 80 million dollars. Employee over 417 people full time and 179 part time. have laid off 35% of their employees, cut part time to minimum, every business has had all take pay cuts, and each will tell you hard times are here, and will be here for a bit. of the 9 - 6 are not sure they will survive, as lending has truly dried up here. The 3 left, probably will make it because of outside money that is not tied to the business coming in, like oil and gas, etc. not from their businesses alone.
what I think.. haha... is that America got screwed again under Obubba's watch.
about 20 Billion in shares at 33.00 a share went on sale today.
now why does this matter.
WE - you and I - pay taxes to the US Government each year. The Government bought a private business with our money. 50 Billion of it. Under the watchful eye of Obubba, that company went belly up! Now in order to repay the taxpayers, you and I, they restructured the company, bailed out the unions and sweetened their health insurance, gave them exemptions for the awesome obubba heathcare, and screwed the stockholders who owned the stock at 60 or higher and watched it go to zero... yes, if you owned 1000 shares at 60 a share in GM before bubba screwed it up, you now own zero and there is ... yes there is a GM, but you own nothing!
and even adding salt to that wound, you can not buy the new unless you are an institutional investor, the little man who might own a few share or even a 1000 shares can not buy into this... but China will own over 1% of it by end of the day, if not already.
So now, to buy from the USA things made in the USA to help the economy and put folks to work, we will have to surmise that we are also helping bail out China, even at one percent, it's more than it should be.
I have never seen one man do so much crap to run our country ever in my life.
The morons who thought Bush was bad... didn't have a clue how bad life could really be till now.
Bush will be a giant among men compared to the nut we have now. When you are broke, you do not spend money. You cut back. You don't go on worthless trips that cause more financial harm to your employer, etc.
going back to the 9 small businesses in our one mile on 177 South of Stillwater.
they have a gross revenue of over of over 80 million dollars. Employee over 417 people full time and 179 part time. have laid off 35% of their employees, cut part time to minimum, every business has had all take pay cuts, and each will tell you hard times are here, and will be here for a bit. of the 9 - 6 are not sure they will survive, as lending has truly dried up here. The 3 left, probably will make it because of outside money that is not tied to the business coming in, like oil and gas, etc. not from their businesses alone.
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