So the Federal Government has gone down the path of "investing" in our economy in order to keep us from going into a depression (which was not that likely). They have stakes in financial services and the automotive industry. Who knows what is next...
Monday night a friend and I were talking about Warren Buffet with all of the companies he owns through Berkshire Hathaway and why he doesn't cross sell more. He owns Diary Queen, Benjamin Moore, Geico Insurance, Shaw Industries, Fruit of the Loom and the list goes on... The question was why doesn't he cross sell between them? He has a lot of good brands.
I thought about what would the government do with all of their investments. Then I thought about the fact that they already have our money (tax payments). Maybe instead of tax refunds they might offer some other "deals". Here are some possibilities:
• If you have a sub-prime mortgage maybe your tax refund goes towards principle reduction to reduce default risk.
• If you are driving a car over three years old maybe you get a certificate to put towards a new Chrysler, Ford, or GM (except Hummer sense they guzzle too much gas).
• Homeowners could get certificates towards solar panels or wind generators.
The list could go on and on if the government continues to bail out different industries.
Whether or not you agree or disagree, there are some interesting things to think about. How will the Federal government deal with them? That is the $10K question.
Obviously I am trying to add some humor here but it some to seriously consider.
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