Where is the US economy headed?

So, if the Obama administration owns all the businesses like you claim, why would they need an exit strategy?

parados wrote:

So, if the Obama administration owns all the businesses like you claim, why would they need an exit strategy?

You really need to get out more, Parados. O-Boy intends to turn the businesses over to blacks as reparation for slavery. It is all over the blogosphere.
But I still have my business and he will have to pry the key from my cold, dead hand.
(Sorry, not my style here)

parados wrote:

So, if the Obama administration owns all the businesses like you claim, why would they need an exit strategy?

You really need to get out more, Parados. O-Boy intends to turn the businesses over to blacks as reparation for slavery. It is all over the blogosphere.
But I still have my business and he will have to pry the key from my cold, dead hand.
(Sorry, not my style here)

From The Sunday TimesMarch 29, 2009

Germans wreck ‘global new deal’
Jonathan Oliver and Bojan Pancevski

GORDON BROWN’S carefully laid plans for a G20 deal on worldwide tax cuts have been scuppered by an eve-of-summit ambush by European leaders.

Angela Merkel, the German chancellor, last night led the assault on the prime minister’s “global new deal” for a $2 trillion-plus fiscal stimulus to end the recession.

“I will not let anyone tell me that we must spend more money,” she said.

The Spanish finance minister, Pedro Solbes, also dismissed new cash being pledged at Thursday’s London summit.

“In these conditions I and the rest of my colleagues from the eurozone believe there is no room for new fiscal stimulus plans,” he said.

Nicolas Sarkozy, the French president, has insisted that “radical reform” of capitalism is more important than tax cutting.

The attacks on Brown’s ambitions for the G20 to inject more money into the world economy come at the end of a week where the prime minister has travelled to three continents to build support for his proposals.

The likely deadlock at this week’s meeting will kill any remaining hope that Alistair Darling’s April 22 budget will offer significant tax cuts.

The assault by European Union leaders also represents a defeat for President Barack Obama, who is desperate for other big economies to copy his $800 billion stimulus plan.

MORE HERE:
http://www.timesonline.co.uk/tol/news/politics/G20/article5993184.ece

Woo hoo!!!! Ya'll that are still convinced that President Obama and Congress can spend us into prosperity, just skim over this one. Everybody else, take heart! It appears that there is a glimmer of hope that the leaders of the still free world are coming to some of their senses! Tax cuts of course were a good idea, but at least some are recognizing that spending what you don't have just makes you poorer.

"You cannot spend your way out of recession or borrow your way out of debt. "
Seems pretty basic, Foxfyre, but maybe community organizers haven't learned it yet?

between the "big" three and and parts industry we have burned though about $25 billion in four months....GM lost $38 billion in 07, $31 billion in 08, and things are far worse in the industry today. If we are going to bail these bad boys out without running them through bankruptcy we better add some new printing presses down at the fed to print money.

The officials said the administration did not view Chrysler to be viable as a standalone company. Under the plan, the government would provide up to $6 billion to forge the alliance between Chrysler and Fiat, but if the companies failed to reach an agreement or find an alternative plan for viability, Chrysler would not receive additional federal aid.

Fiat executives have talked to the White House auto task force about a proposal to acquire a 35 percent stake in Chrysler in exchange for small car technology, transmissions and other items that Chrysler has valued at $8 billion to $10 billion.

General Motors, meanwhile, would have a limited window to work with the United Auto Workers union, bondholders and other stakeholders and would receive an undisclosed amount of "interim financing" over 60 days to restructure the company. The officials said the administration would determine how much GM would need in "permanent capital" during the 60-day period.