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Rev.Hammer
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« on: November 18, 2008, 12:01:42 PM » |
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Well now, we have dont have a pickle of a situation, we have a barrel of them! The dumbassery of the lending system and plain old consumer greed and stupidity have crashed the worlds credit systems. There were people more than willing to overbuy on homes and not buy a home that is more in line with their means of living and there were greedy aholes out there dumb enough to loan people money when it was dubious that they could pay it back.
As my granddad used to say:
Sometime you pay for your stupid and you cant give a check.
I dont like the government bailout plan in play. It would give way more influence in the banking industry by the US Gov, that I am comfortable with. Business is a very Darwinian thing. Those that adapt and cope the best survive. Yes it may slow worldwide economic growth, but that growth will be far more rooted and stable. I am a hardcore fiscal and governmental conservative and a fairly liberal social issues kinda guy.
You want to know what killed Abraham Lincoln? The cussed doctors digging around inside his skull trying to find the bullet! Had they left him alone, he might have lived with some impairment but he would have lived! The economists and Johnny Fed need to get thier fingers out of the money pie!
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« Last Edit: November 18, 2008, 12:47:03 PM by Rev.Hammer »
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Rev.Hammer
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« Reply #1 on: November 18, 2008, 12:20:42 PM » |
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The auto industry bailout smells bad to me. All of the Big3 makers are going on about going banrupt.
SO?
Big damn deal! They are counting on the public not understanding what Chapter11 bankruptcy means.
Its simple. Chap 11 means that they are going to reconsider their business structure, RESTRUCTURING, NOT closing doors! This means that everything from Union contracts, supplier contracts, dealerships and all that will be looked at as to how to cut expenses and increase profits. PROFITS are the nature of business, NOT WELFARE.
This also means streamlining the dealership setups. There are far fewer Honda dealerships than GM dealerships and they made good money. There are TOO MANY Big3 dealerships! There is a way to help problems right there.
The dropping of all that jack into the hands of the Big3 comes with too much baggage. My business continues to struggle and yeah, I have problems too, ALL BUSINESSES DO! I am not going around, moocherating moolah from folks! You see, there is a critical point that most seem to miss. Outside money means that other people have a say in the way that you do business. If you want the stack o jack then you gotta kiss ass. That aint for me. If the USGOV drops a load of green, you can bet your casket that Johnny Fed is gonna drop trou and tell you exactly how he likes it.
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« Last Edit: November 18, 2008, 12:51:37 PM by Rev.Hammer »
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Rev.Hammer
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« Reply #2 on: November 18, 2008, 12:38:02 PM » |
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Okay, so GM was playing a game of 'sniff the eggsalad' over Chrysler and then decided that it no pass de sniff test.
Eeeyyaahh, riiiiight.
Here is way that it might play:
GM says no for now, the bailout comes to play, everyone gets their cut of the bailout, GM pops up and says the eggsalad is fine and its time for a picnic with Walter P's pride and joy.
GM, gets the cut of the bailout that went to Chrylser, craps on the MoPar retirement, scraps the Chrysler suppliers and uses theirs already in play, dissolves all of the Chrylser Dealerships and subvolves them into GM dealerships and lets quite a few GM dealers go by the wayside and drops Pontiac and/or Buick in the crapper like it did Oldsmobile (RIP).
HOLEY MOLEY !!! GM will be rockarolla all ovah!
On a brighter note:
The US used car market and performance aftermarket is going to be really good for a while. Expect prices to rise..
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« Last Edit: November 18, 2008, 12:55:37 PM by Rev.Hammer »
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Rev.Hammer
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« Reply #3 on: November 19, 2008, 06:58:20 PM » |
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AHA!!! Found out today that the 700billion dollar bailout is actually a 850 billion dollar piece of work.
Why?
Because or friends the Damocrats want to tack on 150 billion in pork.
Like my buddy Hudson sez;
Follow the money and find the motivation.
On another note:
How can US automakers hope to compete with the ridiculous cost of labor load that it has?
Other countries crank out cars that are comparable in quality to the US on 40% less cost of labor.
Are we getting what we are paying for?
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Doughemi
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Posts: 11
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« Reply #4 on: November 27, 2008, 10:08:43 AM » |
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Truth hurts...
I resent the fact that the taxpayers are shouldering the burden for piss poor corporate leadership.
I looked at my 401k statement and had to swallow the fact that I am at the same place now that I was 2 years ago. I invested 15 percent of my money and now that money is gone. I could have stopped contributing and blown all that money on truck mods and hookers and I would still be in the same spot.....but smiling!
The tax rate was 100%!
Happy Thanksgiving.
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Rev.Hammer
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« Reply #5 on: December 30, 2008, 09:53:07 AM » |
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WELL the tale is told:
The automakers wanted 50B and got 13B.
Ford got smart and bowed out. Kudos to them because they wont have the Gummints finger in their arse every ten minutes. This bodes well for Ford and badly for GM and whatever the hell Chrysler is called these days.
Chrysler is going to be gone, I am afraid, as we know Chrysler. Sadly, the fewer the competitors the lower the competition and the slower the innovation.
Seriously tho, Doug.... I can really sympathise and we both know that there is no bailout for us..
HOWEVER, I would actually recommend buying stocks right now. They are stinker cheap and cant go anywhere but up!
PS.... make sure that the company is still in business!
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