User 158164

I Was Wrong About GM Bankruptcy

Somewhere between Davewmart and Detfan is reality. Every recession you hear the "the economy will never be the same again" and they are right, the economy comes back different, and usually better. I remember the late 80's doom and gloom, followed by the 90's unemployment so low a blind felon could get a job as a night watchman.

On the other hand, GM is facing world wide competition from Volkswagon, Fiat, Toyota, a resurgent Ford, Honda, and now a slew of Chinese and Indian companies. If they all take only 2% market share, just in sheer numbers of companies it will be a hard row to hoe.

Buy back the stock? Yeah, that was a winning strategy in the 90's - $25 Billion in stock buy backs and now that stock is worth zero. The smart money spends money on product, not stock buy backs.

GM has some excellent product now, I have a Silverado with ZERO issues and I have driven the new Camaro and it is world class. They need to keep that quality up.

Most of what I read about the UAW is based on stuff they read before the new contract, and even more changes have taken place with the crisis. I never met the guy "making $80 an hour sweeping floors" in the first place. Most of that crap was just BS anyway. There are some horror stories, but I can tell you some horror stories about non-union shops also. Somehow a truck a minute spits out the back door, so someone must doing some work.

I know there are some retards talking boycotting, yeah that makes sense. Put Americans out of work solely because you don't like the President and drive down the value of the company so that you the taxpayer loses money in some kind of childish hissy fit. Fortunately I think those numbers are small and their job at the car wash does not buy a new car anyway.

In other words, if you are looking at the future for GM, I think you can be pretty optimistic, but realistic.

I think more important to the question is not what will GM do, but will this country EVER develop a sensible manufacturing policy that will get us back to work.

Recent Policy Decisions and a Greater Depression

I disagree with the assumption that the mortgage crisis started this mess. Manufacturing has gone from 20% to 10% of our economy over the last decade. What do you think happens to the housing market when 10,000 auto workers lose their jobs?

We need to make US manufacturing compedetive with the rest of the world, then people will have the wealth to buy homes.

No, instead we'll do a rant about the UAW and corporate jets and ignore the fundamental problems with the economy.

Pay no attention tot he man behind the curtain!

As GM Goes, So Goes the Nation (Part 2)

Quit repeating the LIE.

"In 1953, at the peak of its dominance, its President, Charles Wilson, declared before Congress that what was good for the country was good for GM and vice versa"

Charles Wilson, was asked at his confirmation hearing before congress, that if something was good for America and bad for GM, which would he choose. His reply was, "If it is good for America it is good for GM", meaning that even if a decision might hurt GM in the short term, in the long run the health of the American economy was good for GM.

It had nothing to do with hubris or anything else, it was a good answer to the question.

This lie is the poster child for all that is wrong with the news media in the USA. If it sounds good, it does not have to be true.

Have some small amount of integrity and publish a retraction.

The GM Meltdown

I don't know what you clowns do for a living, but after reading "bankruptsy" and "BY BY", I figure it must involve turning burgers over.

As GM Goes, So Goes the Nation (Part 2)

How many times will you post this same meaningless stupid post?


On Feb 26 08:34 AM The Mad Hedge Fund Trader wrote:

> I’ll tell you what GM’s problem is. My dad was a religious lifetime
> GM customer, buying a new Oldsmobile every five years. Once he even
> flew to Detroit for a factory tour and drove his new prize home.
> Thirty years ago I told him he was doing GM no favors by buying their
> cars, and the only way to force them to improve a deteriorating product
> was to buy better made German and Japanese vehicles. This was right
> after the State of California had forced auto makers to install seatbelts
> on new cars. Airbags and ABS brake systems were still years away.
> His response, “I didn’t fight the Japs for four years so I could
> buy their cars.” (He was a Marine). GM’s problem is that my Dad passed
> away seven years ago. Of the original 17 million WWII veterans, 1,500
> a day are dying, and there are only 1.5 million left. All of them
> loved Detroit because it built great Jeeps, Sherman tanks, and half
> tracks. Their kids prefer German, Japanese, Italian, Korean, and
> soon, Chinese, and Indian vehicles. It is no coincidence that GM’s
> problems really accelerated with the passing of the “greatest generation.”
>
>

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

You are STILL drinking that kool-aid?

We were ATTACKED, not attached, on 9-11 by Al-Queda and the Taliban in Afganistan, NOT IRAQ!


On Aug 01 01:00 PM miketobias01 wrote:

>
>
> Are you for real ....."His arguments are like the ones Bush made
> going into Irag." We were attached on 9-11 or did you forget about
> 2900 plus people that died that day! Please don't go there.
> As far as "this program!" Take a look at Germans Program that is
> really close to this one .....It was suppost to be a one time thing
> and I think there in there third year of there program! It don't
> work.
> The Government needs to get out of the peoples way..... Let the weak
> companys fail . lower capital gain tax, and taxes in general.
> Period.
>
>
>

I Was Wrong About GM Bankruptcy

Madmoron, you continue your habit of posting the same old post over and over, it just shows you are a dope. Wow, you figured out how to cut and paste. Congratulations.

In case you missed it, GM is in bankruptcy right now. Since obviously for you and sever other low intelligence "investors" don't understand what the "q.pk" means and continue to trade a stock that WILL, not might, WILL go to zero sooner or later, GM rightly covered their tails by sending you an email. They sent it to you because you are dense enough to actually still own stock, which shows how stupid you really are. Morons like you will continue to trade it waiting for the music to stop and then you will be upset to find there are no chairs at all.

Perhaps this is a lame attempt to get people more stupid than you people to run the stock up for your gain. Again, you show what a stupid loser you are.

Go back to Japan and stay there, they can have you.

Taxpayers: Beware GM's Decision to Build Compact in Michigan

I'm getting sick of this "since you and I are heavily invested in this company" crap. Take your federal taxes and divide by the percentage of the federal outlays this year that went to GM and you are more heavily invested in your next cup of coffee, so quit whining about it. Where are the long articles about AIG, who you must have at least a McDonald's Happy Meal worth of "investment" in? Next year when the IPO takes place and the "poor taxpayer" get's his money back with interest, the first time that's happened since Chrysler in the 70's, I'll be enjoying all the articles about what a smart move this was, ha ha ha.

Politics these days is all about distraction. While you are staring into one company's decision to build one model car in one town or another, or lamenting the use of private jets, or perhaps wondering about the cut of a GM's executive's suit, billions of dollars of "poor taxpayer" money is being pi$$ed away on banks.

Should You Buy an American Car?

Mad moron, stop cutting and pasting the same old BS every time someone mentions GM. Youa re just a tired old jerk who works for the japanese.

The rest of you, wondering why your house is worth nothing, your local government is going broke and your 401k can't buy a cup of coffee? Look at the Honda in your driveway, dopes.

GM Finds an Unlikely Leadership Opportunity

Hey Cobra, I love it when a moron buys a calculator.

I don't know where your numbers came from, probably saw them in a dream, huh? 240 kW-Hours would drive this car for 1200 miles.

A charge on this battery is actually 8 kW-H which is about 80 cents.

'Too Big to Fail' Should Not Exist

Obviously the author knows absolutely nothing about the auto business or how this situation came to pass.

I can hear the same arguments when the auto industry went through a massive consolidation in the 50's, When all the independent companies were gobbled up or run out by the big 2 (Chrysler and AMC were allowed to live to keep the regulators off of GM's backs) and anyone who didn't like it were told "it's market forces".

The problem is it's not "market forces", it is 50 years of self desstructive trade policies that make it more and more difficult to produce goods in this country.

We need policies that make American companies compedetive in the world market. Not protectionism, but a level playing field.

Housing: 'We're About to Have a Big Problem'

Noone is talking about the elephant in the room. Manufacturing went from 20 to 10 percent of our economy and here we are. WE ARE NOT GENERATING ENOUGH WEALTH.

If people had good paying jobs they would be buying these houses, prices would rise and this article would be titled, "Buy real estate, they aren't making more land".

So load all of your junk in your Honda and drive past the forclosed sign and wonder why it is happening to you. Well, the "buy American" crowd has been warning you for years.

Could Apple and Google Replace GM and Citi in the Dow?

Bunch of really good comments here.

Noone has a problem with the Dow Jones INDUSTRIALS having a manufacturer replaced with a software company and a retailer that sells imported goods. I am sure that will make the Dow an even better measure of the industrial state of our economy.

Auto Manufacturing: What Does 'Buy American' Even Mean?

Of your 278 posts, how many of them are this same post over, and over , and over? We get it, move on.


On Feb 26 07:21 AM The Mad Hedge Fund Trader wrote:

> I’ll tell you what GM’s problem is. My dad was a religious lifetime
> GM customer, buying a new Oldsmobile every five years. Once he even
> flew to Detroit for a factory tour and drove his new prize home.
> Thirty years ago I told him he was doing GM no favors by buying their
> cars, and the only way to force them to improve a deteriorating product
> was to buy better made German and Japanese vehicles. This was right
> after the State of California had forced auto makers to install seatbelts
> on new cars. Airbags and ABS brake systems were still years away.
> His response, “I didn’t fight the Japs for four years so I could
> buy their cars.” (He was a Marine). GM’s problem is that my Dad passed
> away seven years ago. Of the original 17 million WWII veterans, 1,500
> a day are dying, and there are only 1.5 million left. All of them
> loved Detroit because it built great Jeeps, Sherman tanks, and half
> tracks. Their kids prefer German, Japanese, Italian, Korean, and
> soon, Chinese, and Indian vehicles. It is no coincidence that GM’s
> problems really accelerated with the passing of the “greatest generation.”
>

GM Finds an Unlikely Leadership Opportunity

What a genius, you discovered what EVERYBODY missed!

Either that or that is the max load requirements for the electrical service. You think the charger is going to run at that for 8 hours? If it was, the electrical service would be rated at 60 amps.

My source? news.cnet.com/8301-111... and about a hundred other articles.

You are such a dope.