GM- Government Motors

If there was name an option or two & remember about the time & economic conditions, you automatically rule out the big banks that were all claiming that they were going under & what was left were too small & they borrow from the big ones anyway. So what private investors were out there, no one that I have ever heard of so much as expressed any interest, not even the foreign car makers that have a foothold here.

samhill wrote:If there was name an option or two & remember about the time & economic conditions, you automatically rule out the big banks that were all claiming that they were going under & what was left were too small & they borrow from the big ones anyway. So what private investors were out there, no one that I have ever heard of so much as expressed any interest, not even the foreign car makers that have a foothold here.

That is right no one wanted it the way it was, now you are understanding. They would have aquired it after a bankruptcy, revamped and the company would have came back stronger. No one could make money with the strongholds everyone had on the company, unions and ceo's alike. So now we pumped a ton of money in and have the same exact product.

In another post you stated that "you learn from mistakes of the past." Answer this did we not bail out chrysler before in the 70's
So we bailed them out again, along with GM

So when will we learn from these mistakes


Eric

Hey Sam that was another one of your informative unbiased links thanks. TheAtlanticLiar.com

Franco B doesn't get it yet, you can't be beat. But when you're that stubborn, you're also unteachable.

I see you posted at 7:42, 8:43: 9:26, 11:02, 13:02, and 14:30 hours. You must be a 1% 'er to have that much free time. You could have gone to an OWS protest if you could find one.

I was happy to work today, do some custom carpentry, take pride in my work; and support local businesses The American Way.

And drive my 1991 GMC Sierra that was made well before the Socialist crime spree.

Obama seems to have pissed off small businesses across the boards nationwide. That's what the guys at the lumberyard, hardware store, and local deli thought today.

Lets see your 91 was that made in Canada or Mexico? When Chrysler was bailed out before they were the only ones in trouble & times were pretty good, they also made a comeback for awhile it seems like none of them can keep consistent quality. Maybe it's because they are driven more to make higher dividends & profit by cutting costs & the only place to cut costs is time & materials. They shouldn't have bailed them out then simply because there was only one & many of those laid off would have found employment elsewhere. Hey if you think that a depression is the answer then we may soon find out if we go back to what got us here to begin with.

Your thinking baffles me. If there are no profits who would want to invest in a company? I always thought labor was the biggest cost factor, not dividends. Well it is a non profit operation now, so all should be well.

Time is labor, the materials speak for themselves, push a assembly line faster than it was ever designed for & you make more profit. Don't forget about common & preferred stocks & how top heavy most U.S. Co.s have become, years ago the owner or founder was the Pres. or CEO & had the say in how the business was run now many have little if any say.

samhill wrote:. Hey if you think that a depression is the answer then we may soon find out if we go back to what got us here to begin with.

If GM causes a country to go into depression then we have a problem. So your answer it seems is to really name it government motors, and keep it from failing. On one token the government is the problem on the other the government is the fixer

Then Big companies and all the tax breaks they get are the problem, but if we don't bail them out they will ruin the country

I don't know but I am getting



Eric

Nope we would have done just fine with thousands of workers & support companies going under & adding even more to the unemployed, at least all those workers were spending their wages & paying their taxes right here. The same can't be said for what you want to run the country.

samhill wrote:Time is labor, the materials speak for themselves, push a assembly line faster than it was ever designed for & you make more profit. Don't forget about common & preferred stocks & how top heavy most U.S. Co.s have become, years ago the owner or founder was the Pres. or CEO & had the say in how the business was run now many have little if any say.

I agree with you on the evils of management in many cases, but you never see the evils of labor which can be just as bad or the evils of government involvement. Almost all have motives other than the betterment of the business. Corporate pay with stock options has degenerated into a pump and dump scheme no better than a boiler room operation. Rubber stamp boards of directors complete with political figures as payoffs. Labor becomes no better than an extortion racket. Government interferes for ideological reasons rather than economic or to secure fair play in the market. They are all bastards.

You are right about founders being a lot different than what comes after. Genius is replaced with corruption.

Genius is still with us however in all the small and growing companies if only government would keep hands off and let then flower. It is the only place that will provide the future wealth of the country. We see what genius can do in a short time if you look at Google. It would not surprise me if they dethrone Microsoft and Apple too for that matter.

The shame of it is the big just keep getting bigger & soon there will be no competition in just about anything.

samhill wrote:The shame of it is the big just keep getting bigger & soon there will be no competition in just about anything.

You are right about that. Small business can't afford lobbyists to custom craft laws for their benefit as happened with the Medicare drug program.

The culture of corruption has permeated nearly everything in government and a lot outside it. Even the well meaning have to make deals with the devil to accomplish anything.

Islam, rightly so, condemns the materialism of the West. No matter how costly the trousers you still have to put them on one leg at a time. Spirituality has almost vanished, even the dictionary can no longer even define it. What was common knowledge 100 years ago is no longer understood. Our behavior will determine our fitness to survive. A frenzy of covetousness and envy striving for the useless is not the answer.

A friend who had traveled the world commented to Emerson 150 years ago, that people the world over were the same but those who were closest to the wild were the most virtuous. Those who had the least but in reality had the most.

franco b wrote:Islam, rightly so, condemns the materialism of the West.

OK that is a crock of *censored*. You totally don't know how infuriating that statement is do you? Treasonous statement. If you don't like it here why don't you move to Islamabad and see if you prefer abject poverty and brutal barbaric Sharia Law. What the hell is wrong with you.
They condemn everything about the west, Christians, Jews, anything that doesn't conform to their cult religion.
You don't know what you're talking about on that one, all safe and secure in your American home.

samhill wrote:Lets see your 91 was that made in Canada or Mexico?

My 1991 GMC Sierra ,.was made in Lansing Michigan. I looked it up on the GMC website, the proof is in the VIN.

I don't have the savvy to get into this intense discussion, except to say I think you have a serious resentment against management of all kinds. That's OK it's your opinion. I thought it was the greed of unions that drove auto manufacturing out of the country, but I can't say for sure.

Dann757 wrote:

franco b wrote:Islam, rightly so, condemns the materialism of the West.

OK that is a crock of *censored*. You totally don't know how infuriating that statement is do you? Treasonous statement. If you don't like it here why don't you move to Islamabad and see if you prefer abject poverty and brutal barbaric Sharia Law. What the hell is wrong with you.

Your reading an awful lot into a simple statement.

Does Islam condemn the materialism of the West?

Are they correct? Do you think the West is not materialistic?

How does that infer that Islam is superior?

Does it perhaps partially explain their enmity towards us.

Do all Muslims live in Islamabad in poverty?