The US economic system and the illusion of flexibility, agility, and efficiency.

Automobiles....What Is Going to Happen....

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Individuals such as DeLorean have figured it out.

A Chinese company will manufacture a car bigger than the smaller cars being thought about, that will satisfy the "largeness need" but yet travel 100 miles or more on batteries alone....for about $30,000. The smaller cars will even be below $7000....

The batteries that would now cost $20,000 will be reduced to $5000...thus making electric cars feasible.

Labor costs in the US along with the legacy costs are simply not competitive and GM will be sold off to some groups in pieces with or without bankruptcy....as will Ford and Chrysler...

Legal largesse and legacy costs have eliminated the US car manufacturers....and it will not be just the auto manufacturers going through this process.

There is going to be a lot of "mixed" companies resulting from the unraveling of the legacy/legal largesse costs debacle.....

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Electric cars are the name of the game.

Whether it be by hydrogen fueled by the water spigot....or batteries via the grid/car system.....oil is done.....

Never should any country subject themselves to fuel depot and supply interruption risks....

The idea of a gasoline/hydrogen station has to be eliminated.

Fuel starts at one's home, not Exxon's....

Oil is the number one problem of the world....

Eliminate it !
 
South America,

History rhymes, pure and simple.

Regardless of the demographics surrounding 1812, the point is that the U.S. had allowed itself to grow complacent. It's military had eroded badly in the space of 40 years and the British took advantage of it on the open seas.

The civil war was the most derisive, polarized time in U.S. history. The country was literally brought to the brink of destruction.

But, as dire as that period was, the system survived.

Same with the Depression. Complacency, arrogance, greed and self-serving behavior brought an era to an end in an ugly fashion.

But, the system survived.

Study history, it rhymes. The commentary of those eras was no different than today. The topics may change, but the end-of-the-world thinking was as similar as the commentary today is. It's tough for most anyone to keep perspective when they're in the thick of it.

This country has problems today to be sure, but I've got more confidence in the people that make up this nation than you apparently do.

New leadership that people can identify with and trust enough to cast their lot with will emerge. The old regime will be tossed out.

No matter how painful the coming changes may be, they'll come and we'll get through it. We did in the past, several times, we will again.

Because, to a man, we believe in the system. It may not be the best, but no one's been able to point to one that's lasted longer, in-tact, after so many tests.
 
http://www.nytimes.com/2008/07/05/business/05sec.html?_r=1&hp&oref=slogin

Quote from today's NYT

James D. Cox, a securities law expert at Duke Law School who returned this week from teaching corporate law in Europe, said the shift to international rules amounted to “outsourcing safety standards.”

“We would not for a moment tolerate having American auto safety standards set by China or India,” he said. “Why should we do it for financial safety standards? There has to be some accountability.”


Perfect example of US Legal Largesse....
This lawyer wants his chance of getting x% of big law suits.

Somebody somewhere tell this guy .....He will still be blabbing away while driving a Chinese or Indian car....what is this guy going to do , walk?

Legal individuals like this guy ARE THE PROBLEM, not the solution.

US Legal Largesse at its finest...IN TODAY'S PAPER.....
 
Companies that have used both domestic and overseas rules have, on average, been able to report revenues and earnings that were 6 percent to 8 percent higher under the international standards, according to accounting experts.

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There's the crux of the matter re future growth. Perfect. Change the rules. Global companies will report earnings 6-8 % higher with a stroke of the pen. Higher pps, tax revenue, investor confidence will return to a new and improved market. We cannot undo the mess regulation has created but we can join the third world. Gridlock is the mother of invention.
 
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