NYTIMES Article (must be purchased for full read)
EDITORIAL DESK June 17, 2005, Friday As Toyota Goes ... By THOMAS L. FRIEDMAN (NYT) Op-Ed 822 words Late Edition - Final , Section A , Page 27 , Column 1 ABSTRACT - Thomas L Friedman Op-Ed column says General Motors, which based its business strategy on building gas-guzzling cars and scoffing at hybrid technology, should be taken over by Toyota, pioneer in hybrid engine technology; says that technology could rescue American economy, relieve its oil addiction and end dependence on Middle Eastern oil autocrats; scores Bush administration for its utter indifference to developing geo-green strategy.
Can purchase from his site
But basically, the article suggests that GM and Gov policy have DROPPED the ball, having MANY TIMES VETOED or stalled ANY ATTEMPT at fuel mileage conservation!!! ANd that the technology ALREADY EXISTS to wean us off of foreign oil.
I also summise that all this time spent on "HYDROGEN FUEL CELLS" has mostly been wasted, that it takes FOSSIL FUEL to create hydrogen fuel and that it is also VERY EXPENSIVE to manufacture. The infrastructure required would be immense.
BUT<>oil from is inexecusable. What he offers is a TIRED and OLD POS bill from over 4 years ago!!! Probably giving his cronies incentives and FOCUSING on OIL exploration from precious ALASKAN WILDERNESS, which would provide a DROP in bucket of needs.
Our ECONOMY NEEDS to be a leader in this area, what we are is like an impotent old drunk who wets in his pants! INDEED BUSH is seen as many as the WORST AMERICAN President in the history of this country. And one of the least intelligent.
YEAH, OLD WOODEN no personality GORE would have been a GREAT President, do we want personality, or should we desire the highest intelligence and steady unflappable personality? NOT "bring her on" ignorance. "Hey look at me, I mispronounce words, I'm funny, human, avg guy like you..."
FED Chairman SIR Greenspan, (SOB was knighted!) instigated STOCK BUBBLE<>
LOW RATES are here to stay for now, MULTI DECADE BOND BULL MKT LIVES. and why? because it has been used to fuel the recovery and DELAY the SECULAR BEAR MKT and the coming K WINTER.
We have 70% Home Ownership in the US. HOW MUCH more growth is left?
OVER 30% of homes bought were either INVESTORS or 2nd homes. OVER 30% were NOT PURCHASED as PRIMARY LIVING QTRS!! THAT IS A MANIA!
Median HOME PRICES have been falling, 40% of homes bought are NOT YET UNDER CONSTRUCTION.
ALL I READ this week was that 2 day decline WAS expected, JUST NORMAL, STAY LONG!
Time for a lONG bike ride, away from this, to clear my head. I bumped into friend in the real Estate business, he sees first hand what I have been saying, he sees ALL these houses (he said 50% of his sales) being BOUGHT for SPECULATION!!!
Not a PEEP from GREENIE, NOR BUSH, NOT EVEN ABOUT CHINA BUYING up our companies. F!!**& we have been sold out!!!
A SEVER stock market decline is VERY VERY possible. given bullish sentiment. IMHO
Duratek
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