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 Wheels and (bailout) Deals - Vehicle News

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Wheels and (bailout)  Deals - Vehicle News - Page 9 Empty
PostSubject: Re: Wheels and (bailout) Deals - Vehicle News   Wheels and (bailout)  Deals - Vehicle News - Page 9 EmptySat Dec 06, 2008 11:41 pm

More trains is the answer.
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Wheels and (bailout)  Deals - Vehicle News - Page 9 Empty
PostSubject: Re: Wheels and (bailout) Deals - Vehicle News   Wheels and (bailout)  Deals - Vehicle News - Page 9 EmptyThu Dec 11, 2008 10:59 am

Here is Peter Schiff on CNN telling the presenter what happens wihen the money gets pumped into the Auto Industry from the American Govt.
1 the money comes from taxes ie less money for others
2 the money is printed - less money for everyone through inflation
3 the money is borrowed, thus reducing the amount of money other investors can borrowi for potentially more productive purposes

Schiff says here that the Auto Industry must be allowed to fail in its current incarnation and that if it is it will be thriving again in 5 years in a new shape.