GM Inside News Forum - View Single Post - Gutierrez: 'dangerous to have Washington tell these companies how to run their bus'

joemac · 12-01-2008, 07:21 PM

These elected officials act like they can run a business. A quick peek into government financials, every year they spend more than than collect in revenue, their debt has been increasing year after year after year, currently at at $10 trillion. There's not another business alive who operates with that much debt or that bad of a balance sheet. Now what's that about you were telling me about a successful business model.

It was the government and their greedy fat cat wall street buddies who had some grand idea to keep relaxing qualifications for home mortages, this really hit home after Katrina, suddenly every vicitim qualifies under a NINJA (No Income, No Job, No Assets) noooo problem, everyone qualifies for a $350k mortage. Then shockingly the homeowner can't pay the mortage and disappears like a ninja never to be seen again. Duh!

This tumble locks up credit markets, effects companies and economiies of all scales, then the same people that started this mess seem to know how to run everything. Lord help us if we're relying on these people to help correct the ships course, yes the same people that ran it to ground, are now the going to be the heros that get us back on course.

12-01-2008, 07:21 PM	#6 (permalink)
joemac 3.6 Liter SIDI V6 Join Date: Jan 2006 Posts: 1,014	Re: Gutierrez: 'dangerous to have Washington tell these companies how to run their bu These elected officials act like they can run a business. A quick peek into government financials, every year they spend more than than collect in revenue, their debt has been increasing year after year after year, currently at at $10 trillion. There's not another business alive who operates with that much debt or that bad of a balance sheet. Now what's that about you were telling me about a successful business model. It was the government and their greedy fat cat wall street buddies who had some grand idea to keep relaxing qualifications for home mortages, this really hit home after Katrina, suddenly every vicitim qualifies under a NINJA (No Income, No Job, No Assets) noooo problem, everyone qualifies for a $350k mortage. Then shockingly the homeowner can't pay the mortage and disappears like a ninja never to be seen again. Duh! This tumble locks up credit markets, effects companies and economiies of all scales, then the same people that started this mess seem to know how to run everything. Lord help us if we're relying on these people to help correct the ships course, yes the same people that ran it to ground, are now the going to be the heros that get us back on course.