Re: Obama-nomics

On Fri, 24 Oct 2008 12:02:37 -0700, Jim Thompson wrote:


On Fri, 24 Oct 2008 11:25:27 -0700, John Larkin
<jjlarkin@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx> wrote:

On Fri, 24 Oct 2008 11:02:45 -0700, Jim Thompson
<To-Email-Use-The-Envelope-Icon@xxxxxxxxxxxxxxx> wrote:


From...

http://news.bbc.co.uk/2/hi/business/7676957.stm

"China is a significant source of global savings and certainly is not
immune to the economic crisis which will slow its economic growth,
though it is likely to weather it well.

With nearly $2 trillion in foreign exchange reserves, it is in a
position to help with the credit crunch in the West as well as serve as
an engine of growth as the other engine, the United States, slows TO A
HALT."

...Jim Thompson


BBC? A Fellow at Oxford? Sad... she makes no sense at all.

And "to a halt"? US GDP is still increasing.

John

I think she's implying China will "cause" that.

Revised Chrysler layoff numbers... now saying _only_ 4500.

...Jim Thompson

I'm not sure why GM would even consider buying Chrysler,
just wait until they go tits-up and pick up the pieces
you want. Reid and Pelosi are sure to have troubles
with the UAW on one side and an evil private equity firm
on the other. Do you bail out the evil private equity
firm and save the workers or sacrifice the workers to
kill the evil private equity firm. Time will tell....


--
Joe Chisolm
Marble Falls, TX

.

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