Re: We all love Obama
in response to
by
posted on
Mar 04, 2010 06:00PM
Edit this title from the Fast Facts Section
I'm just joking around. Hard to love any politician who doesn't benefit my bank account. His CCard fix didn't work. Obama is finally showing some juevos. There's not much he can do anyway. Middle class must grow and I'm not sure how, except individuals striking out to create jobs with innovative ideas instead of hoping someone else does it. The middle class needs to start producing instead of servicing. Obama should help them. Also, middle class can help themselves by getting out of personal debt.
US govt should be investing in US vertical production so it will pay off 10 years from now. Canada should do the same. In SF Bay Area, they are building the Bay Bridge, doubling the time to make it. Why, because they've got to get the steel from China. In a time like now, with all US proported ideals of investing in infrastructure, and it's still cheaper to buy from China with US citizen tax dollars, depriving US companies of profit and US workers of jobs. US and Canada need to begin developing vertical ore refinement factories, to bring cost down and make it cost effective to buy locally. If Cliffs could do this, and model Great Western (but not just heavy rare earths), they would get Gov't financing and our SP would skyrocket.
My CPA is nervous. He worked hard all his life for a few millions. Now he doesn't know where to put it, as nothing seems secure. At first Chinese money seemed right, but who knows now?
This uncertain environment makes companies like Cliffs seem attractive, because metal companies have been trained to make their decisions based on decades in the future, rather then reactions to immediate environments. Consequently, downturns are simply buying repositioning opportunities.
Lots of talk with no data. What can Cliffs do next to get back to $100.00?
-sg