[JNB]

The situation that we are in right now, where the economic central planners(The FED) along with corporations, only thinking to the next quarter is producting even more long term problems. GM is a prime example, they are only thinkiong from quarter to quarter with their moronic 0% financing and ultra high rebates per car sold, things that will hurt GM in the longer run, while the FED and tresury were moronic for not planning ahead by not preventing bubbles in the stock market and now real estate.

In any event, the debate to put it mildy is academic. The economic situation the US has now will not exist long term, the voters in the US when they really start to exprience real economic fear when they no longer have the ability to re-fi their homes to maintain their spending will start to vote for politicians who will "protect" their economic status, and as I said in a earlier post, this will result in less economic and social freedoms and higher taxes than ever before. Again, and many do not like to hear this, a majority of Americans will not accept a reduction in their standard of living, somthing has to give.

[Poohbah]

GM is a prime example, they are only thinkiong from quarter to quarter with their moronic 0% financing and ultra high rebates per car sold, things that will hurt GM in the longer run,

The question is, which will hurt GM more? Keeping large amounts of unsold inventory into the 2004 model year at 100% loss, or getting it moved aside at a lesser loss?