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<blockquote data-quote="moreluck" data-source="post: 945631" data-attributes="member: 1246"><p>The prez's goal is to free us from dependence on oil. Not foreign oil, but oil !!! He apparently thinks this can happen overnight........but you can't get lower oil overnight. He lives in the unicorn & rainbow land.</p><p></p><p>Oh, and you better check again on that housing industry being in the black......you just make this up?</p><p></p><p>"Warren Buffett is not the only major investor to admit they were wrong about investing the housing market in the United States. Recently, the California Public Employees' Retirement System, the largest in the country, sold its interest in 28 real estate projects at an estimated loss of $250 million. In a positive report on real estate from Goldman Sachs (NYSE: GS), it was still stated that the housing market in the United States would most likely decline in 2013 and not reach 2006 levels until 2023. It is not just in the United States: n article in <em>The Economist</em> reported that housing still have 50% more to fall around the globe."</p><p><a href="http://www.smallcapnetwork.com/Warren-Buffett-I-was-Dead-Wrong-about-Housing-Market-Recovery-PHM-BZHH-SPF/s/via/3420/article/view/p/mid/1/id/671/" target="_blank">http://www.smallcapnetwork.com/Warren-Buffett-I-was-Dead-Wrong-about-Housing-Market-Recovery-PHM-BZHH-SPF/s/via/3420/article/view/p/mid/1/id/671/</a></p><p></p><p>"GM still owes taxpayers. The company got $50 billion from our government, and $10 billion more from Canada. They have paid the U.S. back $7 billion plus interest, as I understand it, including the latest payment of nearly $5 billion. So they say they paid us back.</p><p></p><p>Not quite: That still leaves $43 billion."</p><p><a href="http://www.forbes.com/2010/04/21/general-motors-debt-business-autos-gm.html" target="_blank">http://www.forbes.com/2010/04/21/general-motors-debt-business-autos-gm.html</a></p></blockquote><p></p>
[QUOTE="moreluck, post: 945631, member: 1246"] The prez's goal is to free us from dependence on oil. Not foreign oil, but oil !!! He apparently thinks this can happen overnight........but you can't get lower oil overnight. He lives in the unicorn & rainbow land. Oh, and you better check again on that housing industry being in the black......you just make this up? "Warren Buffett is not the only major investor to admit they were wrong about investing the housing market in the United States. Recently, the California Public Employees' Retirement System, the largest in the country, sold its interest in 28 real estate projects at an estimated loss of $250 million. In a positive report on real estate from Goldman Sachs (NYSE: GS), it was still stated that the housing market in the United States would most likely decline in 2013 and not reach 2006 levels until 2023. It is not just in the United States: n article in [I]The Economist[/I] reported that housing still have 50% more to fall around the globe." [url]http://www.smallcapnetwork.com/Warren-Buffett-I-was-Dead-Wrong-about-Housing-Market-Recovery-PHM-BZHH-SPF/s/via/3420/article/view/p/mid/1/id/671/[/url] "GM still owes taxpayers. The company got $50 billion from our government, and $10 billion more from Canada. They have paid the U.S. back $7 billion plus interest, as I understand it, including the latest payment of nearly $5 billion. So they say they paid us back. Not quite: That still leaves $43 billion." [url]http://www.forbes.com/2010/04/21/general-motors-debt-business-autos-gm.html[/url] [/QUOTE]
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