uncle bubba's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/297479/comments http://seekingalpha.com/article/113497-december-car-sales-gruesome?source=feed#comment-347716 347716 Tue, 06 Jan 2009 14:23:58 -0500 http://seekingalpha.com/article/112819-what-does-gmac-s-bond-exchange-failure-mean-for-detroit?source=feed#comment-342681 342681 Wed, 31 Dec 2008 12:36:03 -0500 http://seekingalpha.com/article/112808-gmac-happy-to-lend-you-some-of-your-own-money?source=feed#comment-342567 342567 Wed, 31 Dec 2008 11:27:53 -0500 http://seekingalpha.com/article/112808-gmac-happy-to-lend-you-some-of-your-own-money?source=feed#comment-342566 342566 Wed, 31 Dec 2008 11:27:00 -0500 http://seekingalpha.com/article/112790-gmac-s-bad-medicine-rates-were-never-the-problem?source=feed#comment-342423 342423 Wed, 31 Dec 2008 09:58:11 -0500 http://seekingalpha.com/article/112790-gmac-s-bad-medicine-rates-were-never-the-problem?source=feed#comment-342407 342407 Wed, 31 Dec 2008 09:49:52 -0500 http://seekingalpha.com/article/112479-gmac-why-the-bond-exchange-silence?source=feed#comment-340595 340595 Mon, 29 Dec 2008 12:04:14 -0500 http://seekingalpha.com/article/110062-playing-the-auto-bailout-with-yields-as-high-as-45?source=feed#comment-338964 338964 Fri, 26 Dec 2008 18:55:28 -0500 http://seekingalpha.com/article/108196-u-s-auto-brands-receive-higher-ratings-than-their-japanese-counterparts?source=feed#comment-315871 315871 Wed, 26 Nov 2008 17:38:33 -0500 http://seekingalpha.com/article/107346-bail-out-capitalism-not-detroit?source=feed#comment-311990 311990 ]]> Fri, 21 Nov 2008 15:15:06 -0500 ]]> http://seekingalpha.com/article/107346-bail-out-capitalism-not-detroit?source=feed#comment-311975 311975 Fri, 21 Nov 2008 15:01:30 -0500 http://seekingalpha.com/article/107346-bail-out-capitalism-not-detroit?source=feed#comment-311966 311966

In a perfect world of Capitalism only the strong survive and business takes care of itself. But those are not the ground rules we have been playing under. The government has controlled and mismanaged the credit markets with the introduction of the Community Reinvestment Act and followed it up with deregulating and miss managing Fannie Mae and Freddie Mac to the point that our credit system almost collapsed.
Add to that the deregulation of the futures market that allowed oil to hit $147.00 per barrel and started a consumer driver recession. It is the governments fault, they caused the problem and they should stand good to fix it. Gm has been in a restructure program for the last several years that should reach a majority of it’s goals by 2010. I’m talking about moving the legacy cost of the retirees to the UAW, which with other cuts and changes would drastically improve Gm’s underlying cost
per vehicle. Some say that GM built gas guzzler SUV’s and trucks that the public didn’t want, but that was untrue, an out right lie. They were built due to demand for such vehicles, look at your local Toyota lot and see the number of full size V-8 trucks and SUV’s. Toyota saw the demand and was trying to tap into that large market. It was $4.00 a gallon gas that killed it in less than a month and no company can change
production over in less than 6 months and retool especially with the availability of loans gone. The government subsidized these large vehicles with large tax credits for business owners and drove the demand even higher. Another government mess up. We pay more to other countries in the form of aid to help with our security. Those opposed to helping out our manufacturing base survive the mess ups of the government should ask themselves who will build the tanks and planes the next time we need them. It makes me sick to my stomach to see supposedly grown men and women play these political games and argue over the fate of millions of worker’s future when they caused the problem to begin with. It’s time for our elected officials to get off their, he said she said, politically driven backsides, accept the responsibility that they know is their’s and fix this short term problem.
]]> Fri, 21 Nov 2008 14:54:38 -0500

In a perfect world of Capitalism only the strong survive and business takes care of itself. But those are not the ground rules we have been playing under. The government has controlled and mismanaged the credit markets with the introduction of the Community Reinvestment Act and followed it up with deregulating and miss managing Fannie Mae and Freddie Mac to the point that our credit system almost collapsed.
Add to that the deregulation of the futures market that allowed oil to hit $147.00 per barrel and started a consumer driver recession. It is the governments fault, they caused the problem and they should stand good to fix it. Gm has been in a restructure program for the last several years that should reach a majority of it’s goals by 2010. I’m talking about moving the legacy cost of the retirees to the UAW, which with other cuts and changes would drastically improve Gm’s underlying cost
per vehicle. Some say that GM built gas guzzler SUV’s and trucks that the public didn’t want, but that was untrue, an out right lie. They were built due to demand for such vehicles, look at your local Toyota lot and see the number of full size V-8 trucks and SUV’s. Toyota saw the demand and was trying to tap into that large market. It was $4.00 a gallon gas that killed it in less than a month and no company can change
production over in less than 6 months and retool especially with the availability of loans gone. The government subsidized these large vehicles with large tax credits for business owners and drove the demand even higher. Another government mess up. We pay more to other countries in the form of aid to help with our security. Those opposed to helping out our manufacturing base survive the mess ups of the government should ask themselves who will build the tanks and planes the next time we need them. It makes me sick to my stomach to see supposedly grown men and women play these political games and argue over the fate of millions of worker’s future when they caused the problem to begin with. It’s time for our elected officials to get off their, he said she said, politically driven backsides, accept the responsibility that they know is their’s and fix this short term problem.
]]> http://seekingalpha.com/article/106370-gm-the-bailout-vs-bankruptcy-meme?source=feed#comment-308173 308173

In a perfect world of Capitalism only the strong survive and business takes care of itself. But those are not the ground rules we have been playing under. The government has controlled and mismanaged the credit markets with the introduction of the Community Reinvestment Act and followed it up with deregulating and miss managing Fannie Mae and Freddie Mac to the point that our credit system almost collapsed.
Add to that the deregulation of the futures market that allowed oil to hit $147.00 per barrel and started a consumer driver recession. It is the governments fault, they caused the problem and they should stand good to fix it. Gm has been in a restructure program for the last several years that should reach a majority of it’s goals by 2010. I’m talking about moving the legacy cost of the retirees to the UAW, which with other cuts and changes would drastically improve Gm’s underlying cost
per vehicle. Some say that GM built gas guzzler SUV’s and trucks that the public didn’t want, but that was untrue, an out right lie. They were built due to demand for such vehicles, look at your local Toyota lot and see the number of full size V-8 trucks and SUV’s. Toyota saw the demand and was trying to tap into that large market.
It was $4.00 a gallon gas that killed it in less than a month and no company can change production over in less than 6 months and retool especially with the availability of loans gone. Another government screw up. We pay more to other countries in the form of aid to help with our security. Those opposed to helping out our manufacturing base
survive the screw ups of the government should ask themselves who will build the tanks and planes the next time we need them. It makes me sick to my stomach to see supposedly grown men and women play these political games and argue over the fate of millions of workers future when they caused the problem to begin with. It’s time for our elected officials to get off their he said she said politically driven backsides, accept the responsibility that they know is their’s and fix this short term problem. For the rest of you generating an income off of the volatile market ups and downs and enjoy profiting from a company crashing, get a real job and contribute to society and quit being the vultures you have become.

Mitch Mayberry
]]> Mon, 17 Nov 2008 15:18:40 -0500

In a perfect world of Capitalism only the strong survive and business takes care of itself. But those are not the ground rules we have been playing under. The government has controlled and mismanaged the credit markets with the introduction of the Community Reinvestment Act and followed it up with deregulating and miss managing Fannie Mae and Freddie Mac to the point that our credit system almost collapsed.
Add to that the deregulation of the futures market that allowed oil to hit $147.00 per barrel and started a consumer driver recession. It is the governments fault, they caused the problem and they should stand good to fix it. Gm has been in a restructure program for the last several years that should reach a majority of it’s goals by 2010. I’m talking about moving the legacy cost of the retirees to the UAW, which with other cuts and changes would drastically improve Gm’s underlying cost
per vehicle. Some say that GM built gas guzzler SUV’s and trucks that the public didn’t want, but that was untrue, an out right lie. They were built due to demand for such vehicles, look at your local Toyota lot and see the number of full size V-8 trucks and SUV’s. Toyota saw the demand and was trying to tap into that large market.
It was $4.00 a gallon gas that killed it in less than a month and no company can change production over in less than 6 months and retool especially with the availability of loans gone. Another government screw up. We pay more to other countries in the form of aid to help with our security. Those opposed to helping out our manufacturing base
survive the screw ups of the government should ask themselves who will build the tanks and planes the next time we need them. It makes me sick to my stomach to see supposedly grown men and women play these political games and argue over the fate of millions of workers future when they caused the problem to begin with. It’s time for our elected officials to get off their he said she said politically driven backsides, accept the responsibility that they know is their’s and fix this short term problem. For the rest of you generating an income off of the volatile market ups and downs and enjoy profiting from a company crashing, get a real job and contribute to society and quit being the vultures you have become.

Mitch Mayberry
]]> http://seekingalpha.com/article/105679-do-the-automakers-deserve-a-bail-out?source=feed#comment-305580 305580

I am writing in hopes of gaining your support for the American auto
industry in general and General Motors specifically. I would appreciate your
efforts in helping our industry with a bridge loan to help through this credit
crisis. I have put together some facts and thoughts that could be useful in
your decision making process. Right now the financial analyst have down
graded GM’s corporate rating to less than junk. Just 6 months ago this was
not the case. It’s a problem that feeds on itself. If GM can secure capital to
fund operations through 2009 they should be in a position to ride out the
current recession and auto sales should rebound back and cash flow would be in
the positive again. Some people say GM doesn’t build cars that people want
and that is just not true, up until this year GM was the largest auto manufacturer
in the world and sold the most vehicles, so that argument doesn’t hold water.
Also in 2010 GM has set up to move the retirement load from its books to
the UAW which will make GM’s overhead per car in line with other manufacturers.
The talk on the street is how uncompetitive GM is but if they can hold on until
2010 this will not be the case. What GM needs is a government backed loan for
operating capital to get through the next year, just like we did for Chrysler, and
when the business turns, as it will, then the loans are paid back with interest and
GM remains a private enterprise, just like Chrysler did. Once a plan is in place
and the financial analysts see that GM has a plan and sales come back with the cash
flow then the corporate investment rating will improve and the credit crisis should be
over and GM will take advantage of the private sector once again as it always has done.
There are some who say we should let private business live or die on their own but I disagree with this. We have become more and more a service based economy
and if we lose the auto manufactures we will have lost our manufacturing backbone.
If circumstances were to present themselves as they did during World War II and we
no longer owned or controlled a manufacturing base we may be reliant upon another
country for tanks and planes and that would not be a good position to be in. Plus up to
3,000,000 jobs are connected to the auto industry, mine being one of them, and this could
drive unemployment past 10% and increase and prolong the recession if GM were to go
under today. Our economy is based on consumer confidence and consumer spending. We need the leadership of this country to back GM, give people the confidence that everything is going to be all right and believe or not, it will.

Sincerely

Mitch Mayberry
Van Matre Buick Pontiac GMC Cadillac
Sales Mgr. and Business Mgr.
]]> Thu, 13 Nov 2008 17:30:46 -0500

I am writing in hopes of gaining your support for the American auto
industry in general and General Motors specifically. I would appreciate your
efforts in helping our industry with a bridge loan to help through this credit
crisis. I have put together some facts and thoughts that could be useful in
your decision making process. Right now the financial analyst have down
graded GM’s corporate rating to less than junk. Just 6 months ago this was
not the case. It’s a problem that feeds on itself. If GM can secure capital to
fund operations through 2009 they should be in a position to ride out the
current recession and auto sales should rebound back and cash flow would be in
the positive again. Some people say GM doesn’t build cars that people want
and that is just not true, up until this year GM was the largest auto manufacturer
in the world and sold the most vehicles, so that argument doesn’t hold water.
Also in 2010 GM has set up to move the retirement load from its books to
the UAW which will make GM’s overhead per car in line with other manufacturers.
The talk on the street is how uncompetitive GM is but if they can hold on until
2010 this will not be the case. What GM needs is a government backed loan for
operating capital to get through the next year, just like we did for Chrysler, and
when the business turns, as it will, then the loans are paid back with interest and
GM remains a private enterprise, just like Chrysler did. Once a plan is in place
and the financial analysts see that GM has a plan and sales come back with the cash
flow then the corporate investment rating will improve and the credit crisis should be
over and GM will take advantage of the private sector once again as it always has done.
There are some who say we should let private business live or die on their own but I disagree with this. We have become more and more a service based economy
and if we lose the auto manufactures we will have lost our manufacturing backbone.
If circumstances were to present themselves as they did during World War II and we
no longer owned or controlled a manufacturing base we may be reliant upon another
country for tanks and planes and that would not be a good position to be in. Plus up to
3,000,000 jobs are connected to the auto industry, mine being one of them, and this could
drive unemployment past 10% and increase and prolong the recession if GM were to go
under today. Our economy is based on consumer confidence and consumer spending. We need the leadership of this country to back GM, give people the confidence that everything is going to be all right and believe or not, it will.

Sincerely

Mitch Mayberry
Van Matre Buick Pontiac GMC Cadillac
Sales Mgr. and Business Mgr.
]]> http://seekingalpha.com/article/105806-gm-bailout-or-bankruptcy?source=feed#comment-305133 305133

I am writing in hopes of gaining your support for the American auto
industry in general and General Motors specifically. I would appreciate your
efforts in helping our industry with a bridge loan to help through this credit
crisis. I have put together some facts and thoughts that could be useful in
your decision making process. Right now the financial analyst have down
graded GM’s corporate rating to less than junk. Just 6 months ago this was
not the case. It’s a problem that feeds on itself. If GM can secure capital to
fund operations through 2009 they should be in a position to ride out the
current recession and auto sales should rebound back and cash flow would be in
the positive again. Some people say GM doesn’t build cars that people want
and that is just not true, up until this year GM was the largest auto manufacturer
in the world and sold the most vehicles, so that argument doesn’t hold water.
Also in 2010 GM has set up to move the retirement load from its books to
the UAW which will make GM’s overhead per car in line with other manufacturers.
The talk on the street is how uncompetitive GM is but if they can hold on until
2010 this will not be the case. What GM needs is a government backed loan for
operating capital to get through the next year, just like we did for Chrysler, and
when the business turns, as it will, then the loans are paid back with interest and
GM remains a private enterprise, just like Chrysler did. Once a plan is in place
and the financial analysts see that GM has a plan and sales come back with the cash
flow then the corporate investment rating will improve and the credit crisis should be
over and GM will take advantage of the private sector once again as it always has done.
There are some who say we should let private business live or die on their own but I disagree with this. We have become more and more a service based economy
and if we lose the auto manufactures we will have lost our manufacturing backbone.
If circumstances were to present themselves as they did during World War II and we
no longer owned or controlled a manufacturing base we may be reliant upon another
country for tanks and planes and that would not be a good position to be in. Plus up to
3,000,000 jobs are connected to the auto industry, mine being one of them, and this could
drive unemployment past 10% and increase and prolong the recession if GM were to go
under today. Our economy is based on consumer confidence and consumer spending. We need the leadership of this country to back GM, give people the confidence that everything is going to be all right and believe or not, it will.

Sincerely

Mitch Mayberry
Van Matre Buick Pontiac GMC Cadillac
Sales Mgr. and Business Mgr.
]]> Thu, 13 Nov 2008 10:54:29 -0500

I am writing in hopes of gaining your support for the American auto
industry in general and General Motors specifically. I would appreciate your
efforts in helping our industry with a bridge loan to help through this credit
crisis. I have put together some facts and thoughts that could be useful in
your decision making process. Right now the financial analyst have down
graded GM’s corporate rating to less than junk. Just 6 months ago this was
not the case. It’s a problem that feeds on itself. If GM can secure capital to
fund operations through 2009 they should be in a position to ride out the
current recession and auto sales should rebound back and cash flow would be in
the positive again. Some people say GM doesn’t build cars that people want
and that is just not true, up until this year GM was the largest auto manufacturer
in the world and sold the most vehicles, so that argument doesn’t hold water.
Also in 2010 GM has set up to move the retirement load from its books to
the UAW which will make GM’s overhead per car in line with other manufacturers.
The talk on the street is how uncompetitive GM is but if they can hold on until
2010 this will not be the case. What GM needs is a government backed loan for
operating capital to get through the next year, just like we did for Chrysler, and
when the business turns, as it will, then the loans are paid back with interest and
GM remains a private enterprise, just like Chrysler did. Once a plan is in place
and the financial analysts see that GM has a plan and sales come back with the cash
flow then the corporate investment rating will improve and the credit crisis should be
over and GM will take advantage of the private sector once again as it always has done.
There are some who say we should let private business live or die on their own but I disagree with this. We have become more and more a service based economy
and if we lose the auto manufactures we will have lost our manufacturing backbone.
If circumstances were to present themselves as they did during World War II and we
no longer owned or controlled a manufacturing base we may be reliant upon another
country for tanks and planes and that would not be a good position to be in. Plus up to
3,000,000 jobs are connected to the auto industry, mine being one of them, and this could
drive unemployment past 10% and increase and prolong the recession if GM were to go
under today. Our economy is based on consumer confidence and consumer spending. We need the leadership of this country to back GM, give people the confidence that everything is going to be all right and believe or not, it will.

Sincerely

Mitch Mayberry
Van Matre Buick Pontiac GMC Cadillac
Sales Mgr. and Business Mgr.
]]>