I'd say its like a zombie propped up on government funds. I say shoot it in the head and be done with it. Never chain a zombie up and hope they will find a cure, that never works in the movies and it always ends up getting loose and then biting one of your friends and then you have to kill him to. Thats why I am stocked on ammo, nothing that 800 rounds of milsurp .308 WINchester (.308 puts the WIN in Winchester) won't cure. What were we talking about again? Oh, GM stock. Right. I'll be in my Unabomber-styled shack until it starts going up again.
I talked to my broker today. I told him I was interested in a couple of those 300 million shares Ford is opening up to the public. He laughed. I left his office and went across the street. I have a new stock broker now.
Well, maybe if GM and Chrysler fails, and we have 10-15% unemployment (or more) maybe it's time to turn the US into a Socialist State. We're not that far off now.
@baldy_pm -- directive 10-289 is around the bend: I hope that god doesn't listen to you.. (which is very likely, since gods only exist in our frightened minds... but that's another story all together.)
I understand it takes some time to get used to it, but...the game is over, Reaganomics have been proven an utter disaster, and the worst is still to come.
The only solution is a state that protects its people, because we know now what happens without guidance.
Its like parents protecting their kids.. (even that is not what it used to be...)
anyway, buying GM? You must be joking. You better give it to a homeless person, he might do something useful with it.
Everybody and their brother loves to spout off this line about capitalism, but the United States is not, never has been, and never will be a true capitalist economy. We are a blend of both capitalism and socialism. For any that doubt me, think of what April means to citizens of the US. What the exact balance of the two has been fluctuates over time, but we are never fully one or the other.
@Ray Wert: I have a friend in ICE who, after a small sum of money changed hands, changed your status to that of Canadian citizen. Oh, and your visa expired last year.
File bankruptcy, go out of business. Let someone else who has a better plan buy your assets, form their own company, and run it like toyota and honda do.
We don't want to subsidize your failure any longer.
@baldy_pm -- directive 10-289 is around the bend: Go out of business you say? I wonder, where will America get its light duty trucks, police squad cars, ambulance chassis, delivery and cargo vans, taxi cabs, et cetera?
I do not see Prius Hybrid Interceptors and Honda Ridgeline ambulances going over too well.
@MrPibbistheGreatestSodaEver: I'd be careful with that. If they are forced into some form of bankruptcy all shareholder value is wiped out.
Of course, their share price right now is somewhere less than a figment of the buyer's imagination since the company has negative value. When a company has negative value the debt holders really own the company. The shareholders (equity holders) are just gambling that the company will turn around and their shares will be once again based on real positive value.
Look, GM assets are real. Their manufacturing capacity exists. All that needs to be done is rebuild a business model based on the new energy realities, and retool. WilliamG is spot on about the last chance they had to turn around after Katrina in 2005. I've argued that myself on this forum before. But unless they shed unrealistic UAW labor costs and start building vehicles for the 21st century, all the manufacturing expertise and capacity will decay and be lost. And it won't take many months. They need to bite the bullet, restructure, and put out the efficient durable product that will be needed in a less energy profligate world. They are actually really close to that point, but need restructuring to do it. I'm optimistic about GM.
05/12/09
05/12/09
05/12/09
05/12/09
05/12/09
What were we talking about again? Oh, GM stock. Right. I'll be in my Unabomber-styled shack until it starts going up again.
05/12/09
05/12/09
05/12/09
05/12/09
05/12/09
I think that would be a good investment!
02/20/09
02/20/09
I pray to god that you are joking.
02/20/09
I understand it takes some time to get used to it, but...the game is over, Reaganomics have been proven an utter disaster, and the worst is still to come.
The only solution is a state that protects its people, because we know now what happens without guidance.
Its like parents protecting their kids.. (even that is not what it used to be...)
anyway, buying GM? You must be joking. You better give it to a homeless person, he might do something useful with it.
02/20/09
Nor have we ever been.
Everybody and their brother loves to spout off this line about capitalism, but the United States is not, never has been, and never will be a true capitalist economy. We are a blend of both capitalism and socialism. For any that doubt me, think of what April means to citizens of the US. What the exact balance of the two has been fluctuates over time, but we are never fully one or the other.
@nickexperience:
Keynes WAS an idiot, and Reaganomics WAS a failure.
If you have any doubts as to that, then I highly suggest that you read a little more into economic history.
02/20/09
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles,
And by opposing end them? To die: to sleep;
No more; and by a sleep to say we end
The heart-ache and the thousand natural shocks
That flesh is heir to, 'tis a consummation
Devoutly to be wish'd. To die, to sleep;
To sleep: perchance to dream: ay, there's the rub;
For in that sleep of death what dreams may come
When we have shuffled off this mortal coil,
Must give us pause: there's the respect
That makes calamity of so long life;
For who would bear the whips and scorns of time,
The oppressor's wrong, the proud man's contumely,
The pangs of despised love, the law's delay,
The insolence of office and the spurns
That patient merit of the unworthy takes,
When he himself might his quietus make
With a bare bodkin? who would fardels bear,
To grunt and sweat under a weary life,
But that the dread of something after death,
The undiscover'd country from whose bourn
No traveller returns, puzzles the will
And makes us rather bear those ills we have
Than fly to others that we know not of?
Thus conscience does make cowards of us all;
And thus the native hue of resolution
Is sicklied o'er with the pale cast of thought,
And enterprises of great pith and moment
With this regard their currents turn awry,
And lose the name of action. - Soft you now!
The fair Ophelia! Nymph, in thy orisons
Be all my sins remember'd.
02/20/09
02/20/09
02/20/09
02/20/09
They won't tune in until his head stops flapping like the closet Canadian that he is.
/Sorry Ray. I usually kiss ass, but that one was too good to pass up.
02/20/09
02/20/09
02/20/09
It was just going back to bruxell's comment in the Lou Dobbs thread:
[jalopnik.com]
In context, it was actually a complement. So I guess that I still get to keep my reputation as the only commenter to kiss ass to Ray. :p
02/20/09
File bankruptcy, go out of business. Let someone else who has a better plan buy your assets, form their own company, and run it like toyota and honda do.
We don't want to subsidize your failure any longer.
Thanks,
U.S. Taxpayers
3...
2...
1...
(FLAME AWAY MORONS)
02/20/09
I do not see Prius Hybrid Interceptors and Honda Ridgeline ambulances going over too well.
02/20/09
Better than hitting the casino.
02/20/09
Of course, their share price right now is somewhere less than a figment of the buyer's imagination since the company has negative value. When a company has negative value the debt holders really own the company. The shareholders (equity holders) are just gambling that the company will turn around and their shares will be once again based on real positive value.
02/20/09
11/10/08