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Microcap & Penny Stocks : Rat dog micro-cap picks...
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To: Bucky Katt who wrote (38395)11/5/2008 12:28:27 PM
From: fastcats  Read Replies (2) of 48461
 
WJ, decisions of that type ought to be made in the context of a national economic strategy. Excellent related article in the current Business Week:

With the U.S. election just days away, it has never been more important to consider what the next President must do to keep America competitive. In this time of crisis, Washington has focused on the immediate and the short term. Lost are the more basic questions we really need to worry about: What is the fundamental competitive position of the U.S. in the global economy? And what must we do to remain strong when other nations are making rapid progress?

The stark truth is that the U.S. has no long-term economic strategy—no coherent set of policies to ensure competitiveness over the long haul. Strategy embodies clear priorities, based on understanding the strengths we need to preserve and the weaknesses that threaten our prosperity the most. Strategy addresses what to do, but also what not to do. In dealing with a crisis, experience teaches us that steps to address the immediate problem must support a long-term strategy. Yet it is far from clear that we are taking the steps most important to America's long-term economic prosperity.

businessweek.com

While it's too late for the auto industry, such decisions will continue to made in a haphazard fashion until a national strategy is established. Is that an achievable objective? I'm not holding my breath.

John
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