March 17, 2009
A healthy dose of a good old fashioned Celtic blessings is in order for all north american households. Instead of giving bail out Billions to auto manufactures, who insist on diving up this cash to ceo’s and executives, give the money to working families. If $1000 were given to each and every employed person in north amercian for a down payment on a new vehicle, a whole lot of grief would dissipate.
If such a scenario were to occur, banks- automobile manufactures- dealers and laid off workers in the automobile industry would be smiling like the Irish. Currently, everyone is in a losing situation as the auto industry is at a stand still. Nothing is moving, as car lots and storage areas are jammed with unsold vehicles. (see pictures)
There is evidence better times may be forthcoming in the not too distant future. Don’t touch your savings folks, let them grow for the future. Use the banks and financial institutions for financing of that new vehicle !!
Doug T…………The fund guy
