RV Maker Monaco Coach Files Chapter 11

"The company's products, which include the Monaco, Holiday Rambler, Safari, Beaver, McKenzie, and R-Vision brand names along with several motorhome-only resorts, are tied closely to consumer."

The Obama team has managed to not pull us out of this free fall. His team has only made matters worse. The wealthy purchased RV products and now they have no wealth. No wealth to buy the RV products no need for the working class who were used to manufacture the RV products. Will the Obama team ever learn that the very folks they are trying to take income from is the very backbone of our system? They buy the products that keep the workers employed. Total destruction of our economic system must be the Obama team goal.

When the 'fat cats' get richer the workers share by getting the opportunity to have a job. When workers have a job and they manage their money smartly they get an opportunity at the dream of owing a home, buying a car, sending their children to higher education, etc. With the government hand out of $300 a week they will always live in poverty and never have an opportunity for more. Of course this was the goal of the communist government to make the individual feel compelled to the government system, and not have visions of opportunities. In this system the only folks who get an opportunity to be a 'fat cat' are the individuals who bribe government officials. At least in our system (for now) no one has to bribe a government official in order to have the opportunity to become a 'fat cat'. Then again if we keep going down this road of economic recovery I don't think we will see many new 'fat cats'.

I'm sorry, but you are always going to have the 'snake charmers' like a Sanford and Madoff leeching off the system. When caught punishment should be swift and impartial. History tells us that there are more swindlers in bad economic times than good. The lazy prey upon the elderly an uneducated for a quick hit. The educated should know better, but Mr. Madoff and Sanford were able to find a way to take advantage of their uneducated financial savvy. We are suppose to be rational thinkers, but what is rational about Mr. Sanford offering a 10% return when almost all financial institutions were offering 5% or less? Of course if the Feds had not kept interest rates so low for so long the educated might not have sought out the likes of Sanford and Madoff. Clinton appointee Greenspan got us started down this road to low interest rates and wealth destruction. Greenspan had a 'brain fart' when called upon to do some rational thinking!