GM invests $293 Million in China!

From Reuters: "...General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million)...." (http://www.reuters.com/article/newsOne/idUSTRE57T0IV20090830)

Now, I'm not the brightest candle in in the candelabra... but didn't I read recently, that GM had filed for bankruptcy... that in order to survive it required 10's of billions of cash from "we the people"... that this cash infusion was intended to keep it alive... keep thousands of Americans employed... save the industry and revitalize our economy. Make no mistake about it, these comments are not intended as being anti-Chinese... it is a country of very intelligent hard working people. One that over the millennia has contributed much to the knowledge of mankind... it is not us against them... this is a statement of what "we the people" were told... this lead coffin of a debt was required to save OUR economy... it has become more than slightly obvious that we were, yet again, mislead (lied to?) by our elected representatives...

This agreement is yet more evidence that the Chinese are far better traders and bargainers than we… make no mistake about it, these international “deals” are reviewed by or involve numerous government agencies, not the least of which is The State Department…

I have no qualms with the concept of this joint venture... HOWEVER, it takes time and money to build plants; and time and money to hire and train new autoworkers... So please, would someone explain to me why this "joint venture"... is not using the several existing modern, shuttered, assembly plants ... hiring EXPERIENCED auto workers here in the US or even Canada... shipping American made light trucks and vehicles to China... Was not OUR money intended to employ OUR citizens... to buoy up OUR economy... or did I misinterpret the words of Speaker Pelosi... Senator Reid and Mr. Obama... I never did, nor do I believe anything that comes from the mouths of Chairman Bernanke or Secretary Geithner... the heroes and champions of Wall Street...

Hold it.. hold it… the Congressional Budget Office has estimated that the cost of Mr., Obama’s nightmare health reform will cost “we the people” a mere$1.3 Trillion over 10 years… Would not this $293,000,000 be better spent providing health care for “we the people"

And so my fellow Americans... I believe that I will sit back, put my feet up, sip on a marvelous Napa Valley wine, and wait for one of you fans of Nancy, Harry and "B G & O" to provide any really good explanation this latest... sorry folks... fucking over of "We the people"...

For those of us who have any clue, and really care... the next national election is Tuesday, November 2, 2010... And none to soon... Throw The Bastards Out... ALL OF THEM...

Health Care "reform"

In his ongoing effort to "sell" his government take over of health care... calling it reform ... and attempting assuage the middle to right wing segment, the President commented that his plan does not include providing health care for illegal... undocumented... unauthorized... or in legal terms, trespassers... He also states that there the opponents of his reform plan are spreading untruths about the plan...

Mr. President, the simple fact is, the category of "you are here but we don't have any record of your being here" is already receiving the finest health care in the world... in our emergency rooms... through ever increasing over billing and rising premiums, the cost of which is being spread across those members of our society who are here because we belong here and have health care insurance...

I would suggest that there can be no health care reform, without first reforming ICE and providing a temporary entry/work visa's, thereby enabling these hard working people some semblance of legal status... allowing them to stop hiding in the shadows, work in the open, pay taxes into the system that already affords them a far better life. In this manner these fine people would then be able obtain health care coverage, drive legally, carry proper auto insurance and make our roads safer too.

Mr. President, no one wishes to deny health care for those in need... but please, when you promised us "change that we can all believe in", stop playing politics as usual... for that is no change at all...

Home Builder Numbers or More Smoke and Mirrors

Toll Brothers reported increased sales, and a lower number of cancellations. Wall Street then proceeded to wet its panties... Now why not do what Wall Street seems incapable of doing... look beyond those statements... I know of one builder with 13 new homes listed in the MLS... all 3,200 to 3,800 sq. ft. in size, 3 to 5 bedrooms... these are homes that would previous have been in the high "7's and "8's"... now being offer at $100-110 per foot!! Great the builder loses $250,000 per home... but not to worry, it makes it up in volume!!! Then we have the cancellation numbers... how many homes in contract were renegotiated in price to keep the sale together?? Could it be that Toll Brothers has a construction loan that required a payment??? Could it be that through tax breaks and accounting smoke and mirrors "we" are able to put a positive spin on things...Gotta be sure that the big boys of Wall Street can turn a fast buck... legalized gambling against a stacked deck...