Tim H.

Will 'Cash for Clunkers' Bring the Feared Double Dip?

I think I will run out and turn in my clunker just so I can stick it to you. Ford Explorer... Hah watch out for the rollover. If your too stupid not to trade it in for say the new FORD FOCUS which has gotten rave reviews... Compared to the Ford Explorer. Who's freaking fought is that? Not the government but your dumb_ss!


On Aug 04 08:31 AM Tony Petroski wrote:

> The author: "I suspect that when we look back at the history of this
> whole period in a couple of years, C4C will be a footnote."
>
> You are correct.
>
> What will be noted by historians is the continued slide towards government
> actively managing outcomes while allies in the media slant the news
> to put the best gloss on things.
>
> I'm one of those who doesn't need a car and I own a "gas guzzler,"
> a Ford Explorer that I like a lot. I get to watch other people get
> part of my tax money to get freebies while I get nothing. Living
> the free life becomes a game of finding out what the latest subsidies
> are and making those purchases in a timely manner to game the system.
> Within a few months we will be hearing about all the re-sold vehicles
> from those who got a big subsidy to buy their KIA and now are reselling
> the vehicle they never used for a tidy profit.
>
> The march of Progressivism rolls on.

Will 'Cash for Clunkers' Bring the Feared Double Dip?

I have totally lost all respect for Seeking Alpha's website. As it has been infiltrated by the same viewpoints as those on CNBC. Why isn't Seeking alpha pumping up gold miner stocks and Gold? Those were all going to be such big winners. the commodity market bullish run would never end. i support President Obama, I also have made 25% return last 3 weeks. Rest assured their will be more pullbacks. But recession will be over by next Summer. So you just keeping posting your comments clouded by your political ideology. Wall Street and the finnacial markets in their greed brought us this awful recession. Anyone reading my comments must NEVER EVER FORGET THAT FACT!! These people writing on Seeking alpha were same one's pumping up price of oil and commodity's market as having a bullish run for many more years.... DO NOT FORGET THAT FACT. BTW yes I invest but I also have my eyes wide open. Use your own Due diligence and research when investing. Also take a grain of salt with any investing advice you read or hear and use it as just one small percentage of your investing tool. Best advice I ever read is from Buffett and huge retired money manager. It is: Buy into the markets that wall street is negative on but has real long term growth. Then be patient. The markets will return. Second part is when buying... Always buy on dips. Momentum trading is how to lose money. Always buy on the dips in a market you like. Follow those 2 basic ideas and you will make money in the stock market.

Cash for Clunkers: Short-Term Gain = Long-Term Pain

You are sooo freaking WRONG. This attempt to portray Cash for clunkers as a bad idea is because it was thought up by the government who bailed out the auto industry. In a tough economic landscape the cash for clunkers has gotten cars off road people were holding onto, helped auto dealerships and industry, helped the environment and helped the AD/media industry with advertising. I know a guy turned in an old truck got a new Ford Focus, This program has been successful with mostly the middleclass. So it's no wonder the upper incomes would look on with disdain at the program. People will work on their old cars until given a bargain to get rid of them. I find it amusing the attempted backlash on this program. It's okay to bail out the banks but for some reason it's not okay to try and save a manufacturing base that helped this country win world war 2. The anti-clunker sentiment is an attempt to to deny the fact that a goverment stimulus plan actually is working. Partly due to fact that since government owns part of auto industry and this program is helping said auto industry. The negative sentiment is actually pure politics because said sentiment is against government interfering in private industry. There is nothing wrong with this cash for clunkers program other than from a pure political ideology viewpoint.

Let's Buy Detroit Outright

Markos I don't actually disagree with your point. If it forces the auto makers to produce a profitable company and tax payer money involved that saves millions of jobs. Then yes the government has every right to put in place restrictions etc... Even to point what you suggest until at least the loans are payed back. I call them loans. One thing about the workers. Analyst keep bringing up the health care costs of UAW versus costs of say Toyota per car sold. I think it's what $1600 versus $200. But Markos (I like see a reply) a company like Toyota healthcare costs are not as high because the government of Japan and other foreign government has some kind of national health care program that takes the burden of health care costs off their companies backs unlike here in USA. So if this country would reform it's healthcare it would help all USA companies would it not. It sure would help the automakers. Unlike previous post I am not disparaging you Markos. You offered an idea and I just pointed out a problem in this country related to the costs of healthcare in that agrument about the costs per car. This goes for all american made products versus foreign competition. This country is at a disadvantage competing in the world economy because of health costs burdens on american companies. Instead of bailing out companies like BIG 3 automakers. maybe billions of that bank bailout should be used to reform healthcare which would not be a direct bailout but indirectly help ALL american companies would it not?

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

I work in a union. Not Auto workers. Soo hey full disclosure. But I want to ask anyone reading these posts a question. Is it the union's fault that the Big 3 did not develop energy conserving automobiles like the Prius? Is it the union's fault for the lack of imagination at the Big 3 in developing automobile's people want to buy? Oil is under $60 a barrel. We are in a terrible mess. People aren't just buying cars. Look what Best Buy said today. Toyota stock has taken a huge hit along with the Big 3. It's not just about wage cost per car. It's management imagination and creativity that is also part of the issue. I read along time ago in an auto magazine a critic who said none of Big 3 have any original ideas and just copy others. Witness the bailout proposal. Where did they get that idea from?they saw the banks get bailed out. Now they want to be bailed out. What happened to GM's plan to ride out the storm til 2010 when it would save billion's from union managing it's own healthcare? Which is also around time of the VOLT being mass marketed? So don't just blame the unions. Blame should be placed everywhere with the Big 3!