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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (138861)	12/11/2008 10:57:58 AM
From: koan	Read Replies (1) \| Respond to of 312685

>>with all the debt the big 3 have can they every repay it.<< They proably can't pay it off for a long time and neither can the US. We may need to inflate our way out. But the US cannot let its auto industry just die. It is the backbone of our manufacturing. what is left of it. Government will have to straighten it out. Our economy is way to fragile to put auto bankruptsies on top of it. Too big a chance it will break the back. Looking back at the great depression they can see what Hoover and FDR did wrong. they lollygqaged while 1/3rd of the banks failed along with everyone's money. 25 to 30% unemplyment, shanty towns and soup kitchens. The US has to shore up and protect its economy. Had they done a stimulous package, just a fraction of what they spent on WWII, in 1929, and secured the banks, most feel a bad depression would have been avoided.