User 158164

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.

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.

'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.

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.

What About Product Liability Claimants in Automaker Bankruptcies?

The lawsuit industry has nothing to do with "victims" or compassion, it is a parasite on the a$$ of industry. Poor Clarence Ditlow, maybe now he will have to find real work, if anyone would hire him.

Good job mentioning side saddle gas tanks, the poster child for tort reform. A whole "issue" generated through fraud, the problem could never be duplicated in crash tests, the liars had to add explosive devices to get them to burn. Know what else came out - the Pinto was another case of their fraud! The fact is, there were far fewer fires in those trucks than comparable models, and way far fewer than in most car crashes. You were much safer in the trucks than most cars. But with media liars like you on the job, noone hears that.

Plaintiff lawyers like John Edwards are money grubbing liars and blood suckers who feed off of lies and people's pain. Thank goodness he did that chick and kept him away from the White House.

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.

Using Innovation to Save the Auto Industry

Yeah, figures someone would bring up the Aztek, get over it already. Besides, can you honestly say that it is uglier than the Element or the Scion? Talk about cars designed to look like toasters.

Your comments about design staffs indicates you know not a single thing about the auto business.

Cars built in the 50's were good for about 50,000 real miles, when my Dad turned over 100,000 he was in the paper. I just finally junked a Cavalier, a truly cheaply built car with 280,000 miles on it.

yeah, cars cost 10 times what a home did in 1951, but homes cost 100 times what they did then, so the cost of a car is 1/10th what it was and they last 5 times longer. What's your point doofus?

Does America Want to Buy Fuel Efficient Cars?

What a dope. Mileage is not the ONLY factor people look at. Look at your own data. If mileage was what people wanted, then why does the Camry outsell the Corolla?

This is really funny: "My guess is the marketing machines at GM, Ford, Toyota, etc can sell the American public on buying anything the automakers want to sell", yeah that's why GM's market share is way up, because they can make people buy stuff they don't want! Do they keep the sharp things away from you?

Chrysler and GM Closing Car Dealerships - Will It Hurt Sales?

Does the fact that Honda and Toyota have a small fraction of the dealers compared to GM hurt them?

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.

Six Reasons Why GM Should Declare Bankruptcy

Yeah, Dell and HP produce a LOT of products in the US. Who's dispicable?

BTW, moron, most of GM's US plants are outside of Michigan.


On Mar 09 02:54 PM elcopone wrote:

> BabyRay your post below is dispicable. You are part of the problem
> that plagues the USA today - fighting for self interest above the
> interest of the nation as a whole. You are either a UAW retiree or
> a GM employee. Your reasons make that very clear. I will refute each
> of your points but this time with the interest of the entire USA
> at heart, not just Detroit.
>
> 1. Plenty of companies offer the same thing. So you are saying to
> save ANY company that offers those things? Also, last I checked GM
> was shedding jobs faster than any company in the us, and the jobs
> that are left are being shipped to Maxicao and China.
> 2. Who cares? Why does the government care? Why are they taking over
> the fund if the go Chapter 11 (this is the clear and obvious tell
> that you are a UAW retiree).
> 3. Lots of ways to attack this but.. 1 million people? Where do you
> get that figure from? Oh wait, from Wagoner and his doom and gloom
> scenario that completely ignores the way A: Chapter 11 bankrupcy
> works and B: the way capitalism works (meaning there will be investors
> to consildate the industry so that every single person who has anything
> to do with auto's is not unemployed).
> 4. Why save those rotting symbols of American laziness and inefficiency?
> How does not going into Chapter 11 save those cities? You may want
> to ask your boy Wagoner why he is making cars in Canada, Mexico,
> and China, not the US taxpayer for another handout.
> 5. The "last great American Manufacturing..." Are you crazy? You
> really are drinking that Kool-Aid! What about a little company called
> John Deere? Ever hear of another company called Catapiller??? Dell?
> HP? AMD? Intel? GE?
> 6. Those foreign companies provide jobs moron. You know, there is
> an entire country of your fellow Americans outside of Michigan that
> need jobs as well. I mean how selfish can you be.
>
> You sir are the exact problem with GM, the US Auto Industry, and
> the US in general. Lies, manipulation, greed, and deceit.

Six Reasons Why GM Should Declare Bankruptcy

Where do you get the idea that auto workers don't pay into social security. That's government workers, you dope.


On Mar 09 02:19 PM 1uncle wrote:

> Auto workers should work until they are 65 or whenever social security
> kicks in at their time of retirement and then get a pension for the
> number of years worked prorated. They should also pay into social
> security, which should be less cost automakers.

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.”
>
>

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.