SATURN collapses while Wall Street Stalwarts come up with IPO's for internet ventures, what's wrong with this picture?

An economy that only invests in internet IPO's while letting actual american manufacturing jobs die is more of the same crap. Wall Street is offering IPO's on some internet ventures that will produce virtually NO manufacturing jobs.

Barack Obama, you are a fraud.

Legitimate Bills versus Outrageous Credit Card Interest Rate Charges that are Wrecking the Economy and Causing Unnecessary Despair.

Since Wall Street called a timeout last September, and with the Super Bowl right around the corner, I was wondering who will call a real time out for the american consumer? A real time out involves the suspension of interest charges on all unsecured debt, also known as Credit Card Debt.

I see Barack Obama madly spinning his wheels to try and inflate the american economy with a bicycle pump, and I find it embarrassing. Meanwhile, the made in China toy you purchased a couple of years ago is still on your credit card racking up obscene interest charges.

The toy that should have been made in the United States by an american, but instead was made in China, has now cost you MORE because of ongoing interest charges than if the toy had been made in the United States and you purchased it with cash! The net result is you bought a "cheaper" toy for more money than if it had been made in the United States, and no american labor was involved in the making the toy you bought, so that is one less wage earner in the United States to buy the products that your company makes. What doesn't go around, doesn't come around.

Being a great leader involves recognizing when your own actions are trivial compared to the will and power of the people. All Barack Obama has to do is waive the interest charges on all credit card debt for anyone trying to pay down their debts. Tie it in to a consumer debt reduction plan so that people don't just mindlessly run up even more debt, but actually get rewarded for paying down their debt, and you will see the economy come back to life all by itself.

Barack Obama talks about having spoken to people all over the country while running for president, yet you still think the men in suits have all the answers. The same people that gave themselves 18 billion dollars in bonuses from the bailout money you already handed them may not be the best source for solving the problem they helped create.

Is Quality the Answer when it comes to fixing the global economy?

It seems like economic growth is fueled by the belief in something good. Once the good is created, waves of false excitement that lead to false growth get created as cheaper product imitations are made that leave the consumer with the initial belief that they are getting something valuable, for a lot cheaper.

Once the consumer realizes the new cheaper thing is not as good as what it replaced, nor as useful, consumer enthusiam disappears, the value plummets, and the economy crashes.

The initial desire to save the economy is to then try and just get things going again. But if we create things just to get things going again, and the creation isn't based on quality and longevity, there will be nothing to get excited about, hence no real growth, and the economy will just stagnate.

No matter how many times we are led to believe that quality is not the issue, there comes a moment in the economic spin cycle where quality and longevity does matter.

Just recently I read an article about how Detroit had already started retooling some engine plants to make more fuel efficient engines, and now that the price of gasoline was crashing, there was some regret being expressed that maybe Detroit had over reacted to the spike in fuel prices and retooled too quickly.

It will be interesting to see if quality and longevity can make a comeback. Right now it seems the speculators only know how to make a fast buck, which means quality won't make a comeback just yet, and neither will the economy.

There may be only one way to fix the global economy.

There may be only one way to fix the global economy, and it revolves around the governments of the world changing how they operate. Governments can no longer be energy drainers and huge tax assessors, it no longer works. The world's global economy will only heal when governments from all over the world actually begin to create wealth rather than drain it.

Global economy overlap, in which emerging industrialized nations now compete with existing ones, can only be reversed if each and every government creates it's own wealth and reduces taxes on it's citizens, and the banking institutions quit charging long term interest on short term purchases.

What kind of wealth can governments generate? Energy wealth appears to be the number one commodity. If the United States government could supply energy to it's citizens at very competitive prices, it would become it's own wealth generator and in the process would not need to tax so heavily.

If the United States government generated it's own energy, we would not need to have so many troops spread throughout the world. I don't recommend our government directly compete with energy companies, however there are certain kinds of energy the government should be able to handle, energy such as hydroelectric energy.

In the information age we could lead by example, not by military presence. It really is all about energy now.

What will fix the Stock Market? How about the government admitting that they and the banking community have gutted the consumer beyond recognition.

George Bush will speak AGAIN this morning and once again I will be reminded of the musical quartet playing on the deck of the Titantic as the Titantic sank. I feel as if George Bush is simply there to ease our minds while the economy tanks.

What would fix the stock market?

An acknowledgement by the government that between their level of taxes and fees, along with ultra high interest rates by the banks on unsecured credit, the consumer does not have enough spendable income left. If President Bush would just admit this, and agree something needs to be done about it, this would actually encourage wall street. New investments in products and goods by businesses would be spurred by the belief that the consumer will be able to afford new purchases at some point in the near future.

However, something else has to happen, and I'll devote my next article to that key issue.

117 million Taxpayers received 170 billion dollars in stimulus relief this year, Wall Street wants 700 billion, want is Wrong with this Picture?

117 million Taxpayers received a total of 170 billion dollars in stimulus relief checks this year, now Wall Street wants FOUR TIMES MORE than that amount. I find it crazy that we would ignore the consumer and their exploding debt and instead manufacture money to give to Wall Street, whose primary job is to create more debt among these same group of american consumers that are already in debt.

Crazier still is to give this money to a group of Wall Street Investors WHO WON'T EVEN KEEP THE MONY IN THE UNITED STATES! CRAZIER STILL IS THAT SOME OF THIS MONEY WILL BE USED TO BUY INFLUENCE IN THE NEXT ELECTION!

Clearly, reducing INTEREST ON OLD CONSUMER DEBT for over a 100 million american consumers would re-ignite the economy. Instead, the consumer's interests are not being addressed, but the politicians are listening to the very people who will then rebate them money for their own political campaigns.

Credit Flowing on Wall Street to do what, invest in other countries while Taking away more jobs from American Workers?

Between the government overtaxing US citizens, to Wall Street investing american money in overseas enterprises, the American Consumer has been thrown to the curb. Where is Ralph Nader when you need him?

Stock Market loses 1.1 trillion in one day over 700 billion dollar bailout bill rejection.

At first thought, one would say it's a "no brainer" to pass a 700 dollar bailout plan if it prevents a one day 1.1 trillion dollar loss on Wall Street. It would also have been a no brainer to come up with a stimulus package for consumers that encourages consumers to pay down their debts, especially OLD, unsecured DEBTS.

Reducing OLD CONSUMER DEBT may possibly be the least discussed option by financial gurus, yet it makes the most sense. Old debt is money owed on unsecured purchases that a consumer has been paying interest on for more than four years yet the principle has remained the same or barely inched downward during that time span.

Wall Street bitterly clings to OLD consumer debt as a source of income in the same manner a dog chases it's own tail. Wall Street wants to be bailed out of current bad loans, but why? So they can make new loans to whom, people still trying to pay off old debt? Wall Street and the Government can only pack so much debt onto the backs of its citizens, then it's either relief, or imprisonment.

Relief is simple enough. Just allow consumers to pay off OLD DEBT interest free. The banks already have made a ton of money off of the interest that has already been paid on the old, unsecured debt, now the consumer gets to pay back the rest with no more interest charges. The plan is so simple, and worthwhile, that not even a peep has been heard in Congress, from the president, nor from Wall Street, because this plan actually helps the consumer first. The consumer in turn would help everyone else. The consumer helping the higher ups is a plan that just cannot be stomached by the egoists in power, shame on them.

Letting the consumer pay off their OLD Debts INTEREST FREE is the only bailout that is needed right now.

What is needed BEFORE a bailout is interest free pay downs on all outstanding consumer debt. This would instantly infuse the banks with MORE of the consumers money as the consumer pays down their debt, interest free.

Money would be used to pay down existing debt, money would also be saved, and a third bonus would be the consumer would actually be able to afford to buy some goods with CASH, and NOT credit. How dare the government pay off Wall Street first while ignoring the consumer. How dare the government print up money it doesn't have and claim that newly printed money has more "value" than the consumer money that has been earned by the consumer performing a job.

No matter how much money is printed by the government, all that really matters is how much money is being generated by people working. What then matters most is, how efficiently is the consumer able to spend that money? Old interest debt on consumeable items that have been consumed and no longer exist is hurting the consumer, and the economy.

But we are led by elitists who think they must "save us" so they can continue their pampered lives of excess. The elite need to go on a diet, and leave more of the consumers money in the consumers pocket, that is how to get the economy going again.