Pimco's Bill Gross

So I thought I would try and contribute, instead of ask questions all the time.

I read Bill Gross's newsletter every month. Liked this paragraph:

"This phrase of a “level playing field” opens up endless possibilities. If, in fact, the solution to how we can reclaim the vision of Ronald Reagan’s “shining hill” and the Allentown of decades past is to “level the playing field”, there are obviously a number of ways to do it. The constructive way is to stop making paper and start making things. Replace subprimes, and yes, Treasury bonds with American cars, steel, iPads, airplanes, corn – whatever the world wants that we can make better and/or cheaper. Learn how to compete again. Investments in infrastructure and 21st century education and research, as opposed to 20th century education are mandatory, as is a withdrawal from resource-draining foreign wars. It will be a tough way back, but it can be done with sacrifice and appropriate public policies that encourage innovation, education and national reconstruction, as opposed to Wall Street finance and Main Street consumption."

December 2010

you guys can learn this in the vote topic!!!! the pages are slowly turning, watch a Ford commercial with Tom Rowe, sell your Honda sell your toyota, that message will burn into the brains. they wouldnt dare put a commercial on 10 years ago and say that.

Very well stated by Gross. Our leadership thinks in 1 year intervals, maybe 2-4 years max because of election cycles. If they had vision they would understand that U.S. jobs are the key. 10% plus unemployment is a path to disaster.

I was not against the infrastructure spending in the stimulus packages. Build and repair roads and bridges, the taxpayer gets tangible benefit from their dollars and U.S. workers are put to work on the projects. I've been reading for years that our electric transmission system needs a new "backbone", a project that 2 years ago was estimated at 60 billion. I say do it - the lack of transmission has held up many renewable energy projects, again it puts taxpayer money to tangible benefit, and people are put to work. Critically, like the military Berry Amendment, make it mandatory to use U.S. good in all facets of the project and you have a winner.