Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (90389)	11/19/2008 10:20:13 AM
From: Jack Hartmann	Read Replies (3) of 116555

Stop The Auto Bailout Campaign This I would disagree with you on. I certainly could see a return to the 1980-81 era of double digit unemployment again if there is no bridge loan. The economy needs jobs. I think this is very similar to Chrylser needing money in the same period. They repaid the loan back. The western ports are jammed with foreign cars sitting because their dealers lots are full. Should we let those countries dump cheap autos on us and destroy the US auto industry? The solution for the economy is jobs. It worked in Germany after the hyperinflation of the weimar republic and the US depression.

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