I used to have a Google AdSense "ad" here but the AdSense people at Google kept sending out homosexual oriented garbage so I deleted it. The jerks."
Delphi Automotive Moves Production 100% Offshore
As you now know from even more recent news... Delphi Automotive is intending to move ALL production offshore while maintaining about 9000 management people here in the US - and very shortly. My opinion: Ford and GM will (HAVE TO) follow shortly since they want their assembly plants near Delphi's parts making. This then also puts the crimp on any sub assembly companies that service Delphi, Ford, GM, etc... The ripple effects will be enormous over time.
When we have 1) Management that gives itself million dollar raises, 2) Laborers that demand $90,000 a year plus the most outrageous health care and retirement packages in the universe... while foreign labor is paid 2 dollars an hour? You tell me there's no war on the Middle-Class!
Corporate greed is killing America. Union greed is killing America. And did you think there could be any other outcome?
Watch this video from CNN:
Click HERE
Housing Bust Getting Worse...
The US Federal Reserve will need to slash interest rates three times this year as the housing slump goes from bad to worse and the American consumer begins to buckle, Goldman Sachs has warned.
Click HERE for the FULL story
Bernanke Concern About Nations Fiscal Health
"Unfortunately, economic growth alone is unlikely to solve the nation's impending fiscal problems," Bernanke told the Senate Budget Committee.
Bernanke acknowledged that official projections suggest the U.S. budget deficit could stabilize or shrink in the next few years, but cautioned: "We are experiencing what seems likely to be the calm before the storm."
Please, read the entire story by clicking HERE.
Citris to skyrocket in price
Three nights of freezing temperatures have destroyed up to three-quarters of California's $1 billion citrus crop, according to an estimate issued Monday as forecasters warned the weather could continue.
Do you sense higher prices coming? I do...Click HERE for the FULL Story
