John R. Carroll wrote:
Snag wrote:
Hawke wrote:
Last night the republicans defeated a "clean" bill to raise the debt
ceiling. Today the stock market took a 250 point drop. Last time the
republicans failed to act on a similar bill the market dropped 500
points before they changed their minds and passed the bill.


When is the GOP going to understand that when they refuse to raise
the debt ceiling it's going to send the economy into the dumpster?
They're playing a game but we're the ones who are going to lose.

Hawke

So what you seem to be sayin' is that the way to get our country out
of debt is to borrow more money ?
That seems to be a little backward to me ...

Yeah, but it works if you invest the borrowed money wisely in your
future. Bill Ford was running the Ford motor Company until 2006, when
Ford hired Alan Mulally, a former Boeing Co. senior executive, as CEO.
They then went to a consortium of banks to borrow money, literally
"hocking the farm", to restructure the company.
Every asset on Ford's books was used to collateralize their borrowing.
Plants, equipment, inventory, intellectual property - everything.
Ford survived the recession and auto industry downturn without the
need for government financing or the need to be "bailed out".
The company earned a profit of $6.6 billion in 2010, its best year
since 1999, and it has steadily gained market share in the U.S.

America needs to do the exact same thing.


--
John R. Carroll

Yeah , well , if you look at the track record our politicians apparently
don't have the same commitment the Ford execs did . I haven't seen a lot of
"wise investment in our future" from that sector in a long long time .

--
Snag
Learning keeps
you young !