What we have not done is to attend to the root cause of the entire mortgage backed and CDO securities collapse. The root cause is the precipitious decline in redidential property values. If we do not attend to this root cause quickly by stimulating demand to first stabilize property values, then to raise the values, we will continue to trap more and more families in their homes.
Archive for December, 2008
An Energy Policy Enema
Posted in Broken Government, Economy and Trade, Energy Policy, Government, WP Political Blogger Alliance, oil, tagged auto companies, energy independence, hydrogen powerewd vehicles, WP Political Bloggers Alliance on December 20, 2008 | 1 Comment »
If the goal is to be more fuel efficient and lower our carbon footprint, then let’s not pussy-foot around the issue. Congress should find some big brass kahones and really address the issue head-on. My suggestion for a solution – simply pass a law that effectively says, “By the year 2020 no new motor vehicle sold in the United States for passenger use will run on petroleum based fuels or derivatives thereof.”
Obama’s UAW Challenge Among Others
Posted in Broken Government, Economy and Trade, Government, WP Political Blogger Alliance, tagged employee free choice act, manufacturing industry, middle class, Obama, uaw, unions, WP Political Bloggers Alliance on December 20, 2008 | 1 Comment »
He will need to rebuild America’s manufacturing infrastructure by convincing the unions that they are not existing in a vacuum. The need to know that they are competing worldwide against other workers and not just U.S. workers. If they know this, their actions indicate that they do not. Their long term survival and especially the UAW’s long term survival depends on making steep concessions to the Detroit Three.
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