First it was the bank and financial institutions. They were providing credit for all branches in the industry and service sector. Therefore they were too important and considered too big to fail.
Now everyone is looking at the automotive industry. Car manufacturers everywhere have millions of cars on stock and consumers are cautious about investing now. Even huge discounts do not lead to a rush to the local car dealer. Time for politicians to act. If their citizens do not get it, at least their leaders should. And now they act.
After sinking hundreds of billions into ventures like AIG, the next wave of tax payers' Euros and Dollars goes to GM, Ford, Chrysler in the U.S. and Renault, Opel and presumably all others in Europe as well.
Will there be a time when our government starts realizing that hundreds of billions cannot be printed and have to raised somehow through income? And when do WE THE PEOPLE understand that these policies lead direclty to higher taxes?
If this is the new world order that the G20 is proposing, where is the valley of John Galt to where we can retreat?
Abonnieren
Kommentare zum Post (Atom)

0 Kommentare:
Kommentar veröffentlichen