Monday, November 10, 2008

IN A WORD "GM"

This is surely sad, it is likely that the stock could fall to $0.....it could live on but somebody is going to get the shaft.

China rescue plan BS.

World is in a deflationary spiral.....DOW to NEW LOWS during this Bear market.......some businesses will go on like nothing is happening....and my business hs picked up this week, nothing huge, but real live customers coming in. I do offer lower cost alternatives, but it hadn't mattered.

Thanks jbr and SSK for your thoughts, I will do my best to survive, I redid my showroom, reorganized it, put out new stuff, it looks best it ever did!

No, we didn't do anything and are caught up in this, but the collosal screw ups wont leave many without scars....looks like Obamma's team is full of the regular insiders.....
http://www.usnews.com/articles/news/campaign-2008/2008/11/07/obamas-transition-economic-advisory-board-the-full-listn_print.htm

His advisers range from mega-investor Warren Buffett to Google CEO Eric Schmidt.
The full membership of Obama's Transition Economic Advisory Board is:

David Bonior (member of House of Representatives, 1977-2003)
Warren Buffett (chairman and CEO of Berkshire Hathaway)
Roel Campos (former commissioner of the Securities and Exchange Commission)
William Daley (Midwest chairman of JPMorgan Chase; secretary of commerce, 1997-2000)
William Donaldson (chairman of the SEC, 2003-2005)
Roger Ferguson (president and CEO of TIAA-CREF; former vice chairman of the Board of Governors of the Federal Reserve)
Jennifer Granholm (governor of Michigan)
Anne Mulcahy (chairman and CEO of Xerox)
Richard Parsons (chairman of the board of Time Warner)
Penny Pritzker (CEO of Classic Residence by Hyatt)
Robert Reich (professor at the University of California-Berkeley; secretary of labor, 1993-1997)
Robert Rubin (chairman and director of the Executive Committee at Citigroup; secretary of the Treasury, 1995-1999)
Eric Schmidt (chairman and CEO of Google)
Lawrence Summers (professor at Harvard University; managing director at D. E. Shaw; secretary of the Treasury, 1999-2001)
Laura Tyson (professor at the Haas School of Business, University of California-Berkeley; chairman of the National Economic Council, 1995-1996; chairman of the President's Council of Economic Advisers, 1993-1995)
Antonio Villaraigosa (mayor of Los Angeles)
Paul Volcker (chairman of the Federal Reserve Board, 1979-1987)

D

2 comments:

Anonymous said...

SOME THINGS NEVER CHANGE! THE CHANGE WE NEED YEA RIGHT! AMERICA HAS BEEN DUPED AGIAN. AMAZING

Anonymous said...

Paul Volcker (chairman of the Federal Reserve Board, 1979-1987)


Deflation is not in the cards get ready.