Jeff, I am by no means intendig to endorse what uncle Sam is doing, but I have the following info / thoughts regarding your questions.
1. The Fed did buy part of AIG and some of the investment banks they are bailing out (i.e., stockholders), so theroetically, if these companies bounce back, the Fed will eventually make money on the deal. Supposedly it happened in the past with our bail out of Chrysler, Savings and Loan and Mexico. However, I would not bet on it this time.
2. If we bail out the American Auto industry and you are a supplier to those companies, we are by extension bailing out your company.
3. Manufacturing jobs will come back to the US of A when our standard of living (real- term wages) becomes comparable with the standard of living of workers in competeing companies. That may happen faster than we think.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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