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jimmini · 10-28-2008, 08:52 PM

Today a Detroit Ford dealer is giving 10 shares of Ford stock to customers willing to test drive a vehical.

Your chance to get rich, the stock closed today at $2.15.= 21.50 per test drive, you do 10 test drive a day thats 100 shares a day.You do that every day and the stock goes up your RICH.

Now that your rich you can bail out GM and save us taxpayers lots of $$$.

Silvertwinkie · 10-28-2008, 09:12 PM

Quote:

Originally Posted by toastie

Very good, if GM, Ford, Chrysler file chapter 11 the goverment would have to pick up billions in pension. Remenber, only American's will hurt, GM is doing great outside of America, they have greater market share in China and India than Toyato and Honda combined.

Didn't the big 3 saddle that off to the unions to manage. I thought the put a ton of money into the pensions, then left it to the unions to manage and grow.

I agree fully that it is a national security issue, as it would be for nearly any bellwether stock that manufactures essential machines. Back in WW2, there were no new cars for a number of years cause the car companies built tanks and such. In the global world we find ourselves in, it's a bit more complicated, but the undercurrents are the same.

To bad we don't have the same philosophy when it comes to domestic and renewable energy vs. foreign energy supplies which only make others wealthy and dangerous to us.

Air2Go · 10-29-2008, 12:50 AM

Watch "Who Killed the Electric Car?," and then decide whether GM is deserving of a taxpayer bailout.

Silvertwinkie · 10-29-2008, 10:07 AM

Quote:

Originally Posted by Air2Go

Watch "Who Killed the Electric Car?," and then decide whether GM is deserving of a taxpayer bailout.

I saw this movie, and before passing any judgment, it is also important to point out that every car company that had an electric offering in that California testing group pulled their cars and some other companies also crushed their cars too.

Moreover, if GM didn't have the foresight to keep the EV1, why did no one else pick up where GM left off? Clearly the killing of the electric car was not by GMs hand alone. The State of California had a major hand in this.... does that mean that we simply allow 1 in 6 manufacturing jobs disappear because GM made a business decision? We all have had our opportunities to do the right thing, but just like GM, a lot of us kept buying big trucks for tooling around town....and why not? The fuel prices were cheap, folks could use their homes as ATMs for Escalades and GM was more than willing to supply them with what the consumers wanted. It's funny how when things get tough, GM, Ford and other automakers are villans for giving folks what they wanted. Before all this huge run up on oil, few if any cared at all about their gas guzzling SUVs. Now, the big 3 (maybe soon to be the big 2) are scrambling to make up for their shortsightedness and frankly, I'd rather see the domestic automakers get it than the bankers who went out and had a monster party on our dime.

SteveH · 10-29-2008, 10:17 AM

Quote:

and frankly, I'd rather see the domestic automakers get it than the bankers who went out and had a monster party on our dime.

I'll second that! At least that way there should be more Americans employed, and most of the money should stay in America. The Banks employ very few.

flashbackk · 10-29-2008, 10:40 AM

If you ask me, the best line in the movie "Who Killed the Electric Car?" was something like " Our problem isn't that we are running out of oil. Our problem is that there is too much oil out there."
You just have to hope god didn't put our oil under your desert ...

Jim & Susan · 10-29-2008, 10:54 AM

I have a question here. How did the Big 3 spend the $25 billion that I gave them last month?

Jim

Air2Go · 10-29-2008, 10:56 AM

"Oct 29th, 2008 | DETROIT -- If General Motors Corp. acquires Chrysler LLC, it will cost 25,000 to 35,000 jobs at the automakers, according to a Michigan consulting firm."

Overlander & Sea · 10-29-2008, 11:00 AM

Quote:

Originally Posted by Jim & Susan

I have a question here. How did the Big 3 spend the $25 billion that I gave them last month?

Jim

I believe this is a low interest loan to help the auto industry to build more efficient vehicles. I don't think they have the money, yet. It may be a while before they get this $25B.

purman · 10-29-2008, 11:01 AM

Quote:

Originally Posted by Air2Go

Watch "Who Killed the Electric Car?," and then decide whether GM is deserving of a taxpayer bailout.

I watched this movie and it was good... The only problem is, it's like the Michael Moore movies... One sided and very much that way.. To the point they overlook issues from the other side...... and so the movies discredit themselves in a way....

GM should stop worrying about buying other car companies up and work on their own stuff....

DFord79 · 10-29-2008, 11:02 AM

Quote:

Originally Posted by flashbackk

Guess who is bailing out, insuring and providing the capital for that loan you get from you friendly local bank?

There is already a fear that the bailout money is being hoarded. There is already fear that the bailout money is being pocketed by CEO's and spent on lavish life styles instead of reinvesting the money by providing loads. Of course it gonna happen. We no longer have enough people to oversee such things. The tax payers bailed out Chrysler in the 80's and the end result was? But,, We have no choice but to do it again. And yes it has a lot to do with national security. Chrysler already has an obligation to China to sell their cars in Chrysler show rooms because the borrowed money from China.

A long time senitor said some years ago the US is becomming a service oriented country farming out its job to cheap labor in foreign countries to compete in the global market. We cannot compete with other service oriented counties without becoming just like THEM. 90 percent of the ammo. our military uses is made in other countires...ie south american countries.

Out steel industry,,auto industry is or soon could be controlled by OTHER countries that could care less about us. We are rapidly becomming a smaller fish in the pond of global consumption.

A real gobal ecomony means We become just like everyone else. SCARY

And of course why did all this happen...WE ALL HAVE AN OPINION BUT,..I think it had to do with company's doing whatever it took to give investors a return on thier stock. I think it had something to do with the BOTTOM LINE mentallity of quick profit over long tern sustained growth.

The bailout money is BORROWED MONEY from other counties who seek to control more of the US economy.

AND AIRSTREAM JUST ANNOUNCED THE ARE CLOSING DOWN FOR 6 WEEKS???????? Now I am sad.