America Becomes GM

The deficit of the US is the biggest since the Second World War at 12 percent and not because we're facing the forces of Imperial Japan or the Third Reich. It's because poor people who wanted to live the American Dream got hit with the reality that they couldn't and they'll have to lose their homes, jobs and sanity. Fitting. A ulitarian society like the US where the "Pursuit of Happiness" is the national ideal goes mad when people can't be happy without their materiel goods. It's like a Marxists wet dream.

When the budget passes sometime in April, according to Obama it will save us and defeat the Recession. Wrong. I'm sure half of that money shall be spent on pork. In fact, the whole thing smells like bacon anyway. Spending money on construction projects like it's 1990s Japan. Sickening. Didn't help the Japanese much did it? Blame it on the Baby-Boomers.

The Baby-boomers were the worst generation to have ever been born. Their sense of entitlement, absolute greed and their lust for life pretty much wrecked the planet. Going from pollution, to terrorism etc. Things will just get worse when these parasites retire.

The Age Wave theory suggests that because of the baby-boomers retiring, the US stock market will peak between 2007 and 2009 after which we'll experience rising unemployment, decline in house values and stock prices. Gee, I wonder what's happening right now?

The US government's response has been strange. Since Mr Obama is a worldy man, bringing in foreign ideas seems to be the right thing to do. Making the US more like France isn't a wise idea. After all, he's crushing that Protestant Work-Ethic, Anglo-Saxon Free Market tradition with high returns and disastrous losses. Worse than Jim Cramer can make you lose in a week while investing in GE, but that's a story for later.

Let's imagine the United States as a car company and for the purpose of my diatribe, GM. It's been beating out competitors for years, and investing in itself until one day a better, faster model comes along that's learned from the older one (GM). It conquers its foreign markets, even in its own homeland. GM is losing money because of the Union deals its homeland makes it agree to with its workers. So, GM loses out to lets say... Geely/Tata.

The US economy and prestige has taken too many hits during the George W Bush era. Iraq was bad. Real bad. If America the car brand became powerful due to the suicidal behaviour of Volkswagen and lets say Toyota. It's going down the path that its former rivals had taken decades before. The reason why I said Geely is because Geely is a Chinese car company that's now trying to enter the North American car market. Let them try, after all it's a free market. Tata is slowly trying to maneouvre itself as the 3rd World's favourite necessity, besides the AK-47.

America is GM because even though GM currently nearly 200,000 employees, it must pay benefits to over 1 million former workers who don't provide very much to the company. This is why GM and America are going bankrupt, and there's nothing we can do to stop it.