Comments on: Wall Street Lukewarm To Auto Bailout
Stocks Mixed As Investors Remain Unsure That $17 Billion Lifeline Will Have Lasting Impact
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- Investors continue with their heads firmly shoved up bailout fantasy land.
The stock markets continue to be outrageously overpriced given the realities of the economy. The problem is clearly that the endless bailouts and other absurd actions in Washington have totally distorted the fundamentals of market operation.
In reality, the Washington actions have set up the economy for continuing disastrous results for a long, long time. Bailout Bernanke and the feckless Fed now have accumulated over $2.2 TRILLION in debts to bailout everybody but my grandmother - but they REFUSE to say where the money went. (Bloomberg and other organizations have file FOIA requests for this info- all have been turned down.) The $700 Billion TARP has been a total failure - the money has gone principally to Wall Street pals of Paulson (who couldn''t have seen that coming?) And the marxist drug-addict plans to waste another TRILLION on "public works" - most likely monuments to himself on every street corner. And, if you can''t figure out who will actually pay for all this, your head must also be up bailout fantasy land.
What is the "bailout exit strategy"?
"Irrational exuberance" has been replaced by "bailout insanity". - Reply to this comment
- It figures, bail out the "to big to fail", let main street sink. Freaking typical. While they are doing all this and Paulson is demanding release of the
"other" 350 Billion, main street is laying off in massive strokes. We had another 60 get notice today.
A local oil company is very quietly laying off hundreds. Nothing is helping main street. - Reply to this comment
- First of all we have another huge hit coming on bad loans. It''s called Alt-A or "teaser rate" mortgages that are going to "adjust" thrusting about a 70% failure rate or approximately another trillion in bad loans. Trickle down economics is going to start showing up right after the first of the year. There is no way the markets can sustain. The major car companies are still at the beck and call from the unions. They can''t recover without major oncessions. Car companies aren''t structured to work in hard times. All of the contracts and business plans are geared for a improving economy. This is money down the toilet for special interests before they come back begging or declare bankruptcy in a few months. I am really happy to see that the people who stole the chickens are being given the keys to hen house so they can protect a new bunch of chickens. This is all just a big joke.
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- LOL, the stock market ticker is like watching a cardiac machine. It only jumps when the paddles are put to it.
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- ETF Strategist Editor David Frazier sees the stock market rebounding sharply in coming months as investors stop focusing on the current recession and start focusing on recovery. Buy now.
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- where were the deep pockets when I could''nt get a job?
Absolutely disgusting. Enjoy your christmas on my tax dollars, dont worry about me be happy... - Reply to this comment
- "Obama praises Bush auto aid plan
David Shepardson / Detroit News Washington Bureau
WASHINGTON -- President-elect Barack Obama praised the Bush Administration''s decision to bailout General Motors Corp. and Chrysler LLC, but said the automakers must end "bad management practices."
"Today''s actions are a necessary step to help avoid a collapse in our auto industry that would have devastating consequences for our economy and our workers. With the short-term assistance provided by this package, the auto companies must bring all their stakeholders together -- including labor, dealers, creditors and suppliers -- to make the hard choices necessary to achieve long-term viability," Obama said in a statement." - Reply to this comment
- Come on... This was going to happen all along. The republican senate didn''''t want to be the one to put the stamp on it for political reasons, but there was a deal all along that the already unpopular White House would step in. This way Senate republicans save a bit of face, yet the economy isn''''t allowed to take a further dive.
Posted by helloall34 at 12:25 PM : Dec 19, 2008
Dems control Congress, drooler. - Reply to this comment
- Come on... This was going to happen all along. The republican senate didn''t want to be the one to put the stamp on it for political reasons, but there was a deal all along that the already unpopular White House would step in. This way Senate republicans save a bit of face, yet the economy isn''t allowed to take a further dive.
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- Thank God Bush is still at work.............................. our Do Nothing Democrat Congress, who is suppose to be the Branch that does this, is on VACATION again. And they will enjoy a $4700 pay raise starting January 1st.
ON VACATION..........................and ............................ GETTING A PAY $4700 PAY RAISE.
How does everyone like the job this Democrat Congress has done with economy since taking power two years ago? .....................(insert eye roll) - Reply to this comment
Grammy winner Shakira on her music career, philanthropy and being sexy.
