Jack WELCH saw it coming and prepared for this. In private, he and I agree on the main source of the problem: Greenspan. I also agree with him on the other cause of the current economic problem: Greenspan. I hear Immelt agrees that the best thing for our full economic recovery and return to an economic expansion is to find a replacement for: Greenspan. Despite Greenspan, this economy will recover, but Greenspan will claim credit, but the credi will no belong to him for any recovery, history will demonstrate that when it comes to Greenspan: HE WAS THE PROBLEM. GE had the right numbers, from the right technology companies, customers and suppliers alike to have seen this coming, and the HONEYWELL MERGER and WELCH STAYING ON was because they saw the Greenspan problem coming, Honeywell and Welch staying on was the solution for GE. Without Honeywell, Welch would have left early as previously planned. You can credit the DOW not falling 70% like the NASDAQ squarely on WELCH, he deserves and earned that credit, whereas the 70% and $5 Trillion Dollar loss on the NAsdaq and rest of the markets, this blame rests solely with Greenspan. Bush will see the light when the taxes come in, after April 15th, and the revenues that dried up, and surplus that is shrinking will finally allow Bush to announce to the American people that GREENSPAN IS THE PROBLEM....and the solution.....?
I am,
Truly your$,
-Crystal Ball |
