Wednesday, June 10, 2009
"no good deed goes unpunished"
In the words of an old wall street sage, "no good deed goes unpunished" and seems bankers and auto companies have found out the hard way. The big banks Faustian deal with the government has not gone the way they had planned and now perhaps way too late there is an attempt to undue the damage.Auto companies tried but failed to stop their demise, for everyone except the UAW fell short and their attempts to save them selves.
With the 1970's ideology of failure taking hold ,the government appropriately reaches for someone with no auto experience to run an auto company but if you look at the level of gross incompetence of guys in Washington with one failure after the next stacking up it may not make any difference anyway. These are the same guys who want to tell you how much money you can make . I do have to laugh when even the administrations full blow attempt to destroy the US economy has in it self met failure, failing to fail sorta speak.
And this is where we sit only four months in ,huge deficits .increased taxation ,heavy regulation, zooming oil prices and absolutely no job creation what so ever! No administration not even Jimmy Carter failed so massively so quickly !
dare I say GO OBAMA ,keep on keeping on