Comments on: Whither General Motors?

By: pappy

pappy — Sat, 16 May 2009 13:32:18 +0000

i’ve seen no mention whether the bailout money went to the union to carry over it’s pension costs, or do billions go in the crapper just for the priviledge to file bankruptcy?

By: nappybeard

nappybeard — Thu, 14 May 2009 05:56:48 +0000

as an equipment provider, I have been in Toyota, Nissan, Honda, Hyundai, BMW, several GM, Chrysler and Ford plants. The Nissan (Smyrna, TN) workers voted down being UAW three times. Almost all the components for all of the manufacturers are sourced from the same suppliers. All have foundries here and engines, tranys, and most componets are built and assembled in the US. While quality varies from plant to plant, the non union work force is proud to have safe, warm, fair paid jobs with benefits. This alone boost the quality of the products vs. the wimpering, whiney, woe is me attitudes that abound in union plants. Shame on the managment who empowered them by signing their demands. The future of a UAW run company will be short.

By: donttreadonme

donttreadonme — Thu, 14 May 2009 05:35:39 +0000

FYI,
Keep your powder dry and your Treasuries/Cash short-term. 75% chance or greater that the Fed Funds rate is 6%+ by next year. Remember, the Fed/President will ALWAYS side with the Sovereign over the economy. See Carter/Volcker. You can bank on DOW 4500 also. But I wouldn’t short and walk away – Bears eat shorts for dessert. Hedge your equity; go TIPS for bonds; stay heavy cash; dabble in gold and utilities. Ignore Kudlow. Make hay in 2013.

By: donttreadonme

donttreadonme — Thu, 14 May 2009 05:28:19 +0000

Ford is bankrupt within six months. Sales collapsing, and they will have to compete with a zombie propped up GM and Chrysler who will be busy making Smart CArs for gov’t employees at a loss (subsidized by us sheep). BAAAHHH!!

By: bobbcat

bobbcat — Thu, 14 May 2009 02:14:52 +0000

34. Will:”so it looks like it’s Ford now.”

Why a Ford? Why not a Chevy? (Fords just suck, IMHO). Personally, I prefer a Toyota. AFA American goes, I prefer the Jeep (but you ruled that out).

By: Will

Will — Wed, 13 May 2009 20:18:33 +0000

I’m sixty eight years old,and always owned GM or Christler products,I won’t buy governmet run vehicles,so it looks like it’s Ford now.

By: SteveB/Colorado

SteveB/Colorado — Wed, 13 May 2009 19:22:48 +0000

#31 jerryofva: “I bet you were screaming about $4 gas weren’t you?” Actually, answer is no. As a true conservative, I believe in conservation. I average a highway speed of about 60; my Nissan gives me 26 mpg around 55 mph while I’ll get about 17-18 mpg driving 70 mph on the highway. I still get where I want to go, even at a slower speed.

With $4 gas, I dropped my annual mileage from about 17,000 to 14,000 just by cutting out what for me were some unnecessary trips.

Another reason not to complain about $4 gas is that I have considerable positions in Canadian energy trusts. Those are the kind of energy companies that reward their shareholders with good dividends rather than paying astronomical sums to executives.

By: aprilnovember811

aprilnovember811 — Wed, 13 May 2009 18:01:54 +0000

I wrote all three of my corrupt hacks in the state of Maryland(I’m leaving the state), GM, and the UAW. I currently own a Chevrolet, it will be the last GM car, or Chrysler I ever own. I told them, it was dishonarable, and unpatriotic to take money from the backs of hardworking Americans, the honorable thing to do would have been bankruptcy. These two companies need to die. We have subsudized them enough through our, and our childrens future tax dollars. They can go to hell, never again. I hope Karma catches up with all of those involved soon. When is someone going to take on this criminal obama and his regime in court?

By: jerryofva

jerryofva — Wed, 13 May 2009 17:07:40 +0000

SteveB:

I bet you were screaming about $4 gas weren’t you?

By: owen

owen — Wed, 13 May 2009 15:03:33 +0000

Big corporations and their high officers have been cheating workers for years – by redesigning the bankruptcy laws and avoiding their fair share of taxes. In addition cram-down is an established part of bankruptcy law. So is section 363(b).

It seems none of the posters ever noticed before. Frankly, I see little difference between partisans of the Left and the Right; utterly selfish, without principles, and very stupid.