Depressing Gm Site

SLESierra · November 19, 2008

I know we get all kinds of post but this one is from GM to the public so I thought I would post it and not get Bar B Qued for it

http://gmfactsandfiction.com/

Bowtie2Sierra · November 19, 2008

I received an email from GM today pleading their case for a bailout with a link to this website as well.

fbachman · November 19, 2008

Despite all of the bantor, against, and for, aid to the Big 3, I feel the reality is that it is politically untennable for the government NOT to act, for political reasons alone.

There will be SOME SORT OF deal by the end of the week --- that's my supposition.

Personally, I feel it is more productive to HELP the Big 3, rather than bail out banks. IMHO only.

Bowtie2Sierra · November 19, 2008

Despite all of the bantor, against, and for, aid to the Big 3, I feel the reality is that it is politically untennable for the government NOT to act, for political reasons alone.

There will be SOME SORT OF deal by the end of the week --- that's my supposition.

Personally, I feel it is more productive to HELP the Big 3, rather than bail out banks. IMHO only.

I agree. There will be a deal worked out eventually and life will go on. Let's focus on enjoying our kick-a$$ trucks now.

QUIKAG · November 19, 2008

Despite all of the bantor, against, and for, aid to the Big 3, I feel the reality is that it is politically untennable for the government NOT to act, for political reasons alone.

There will be SOME SORT OF deal by the end of the week --- that's my supposition.

Personally, I feel it is more productive to HELP the Big 3, rather than bail out banks. IMHO only.

I agree. There will be a deal worked out eventually and life will go on. Let's focus on enjoying our kick-a$$ trucks now.

If what you guys are saying is true, then you should be buying some stock in GM. As soon as a nice bailout/loan package is announced, the stock price should jump quite a bit. Put your money where your mouth is!

fbachman · November 19, 2008

Despite all of the bantor, against, and for, aid to the Big 3, I feel the reality is that it is politically untennable for the government NOT to act, for political reasons alone.

There will be SOME SORT OF deal by the end of the week --- that's my supposition.

Personally, I feel it is more productive to HELP the Big 3, rather than bail out banks. IMHO only.

I agree. There will be a deal worked out eventually and life will go on. Let's focus on enjoying our kick-a$$ trucks now.

If what you guys are saying is true, then you should be buying some stock in GM. As soon as a nice bailout/loan package is announced, the stock price should jump quite a bit. Put your money where your mouth is!

who says I ain't?

I mean, when ya look at the stock price, GM (the WHOLE SHA-BANG) could be bought for something like $2.7 Billion... hell they got 10x that in machines, tools, real estate and equipment alone, not to mention intellectual property and inventory.

The market is insane right now. Waaaaayyyy undervalued. I think now is the time to buy, if there ever was... across the board, not just GM. Assuming ya can sit on it for the long term.

dietz4ibanez · November 19, 2008

I pray that GM could recover on their own but I dont think it will happen.. My Father in Law works for GM in Detroit.. They are offering early retirement buyouts but he isnt ready for that yet.. He is not worried either way..

HawkeyeOC · November 19, 2008

Despite all of the bantor, against, and for, aid to the Big 3, I feel the reality is that it is politically untennable for the government NOT to act, for political reasons alone.

There will be SOME SORT OF deal by the end of the week --- that's my supposition.

Personally, I feel it is more productive to HELP the Big 3, rather than bail out banks. IMHO only.

I agree. There will be a deal worked out eventually and life will go on. Let's focus on enjoying our kick-a$$ trucks now.

If what you guys are saying is true, then you should be buying some stock in GM. As soon as a nice bailout/loan package is announced, the stock price should jump quite a bit. Put your money where your mouth is!

who says I ain't?

I mean, when ya look at the stock price, GM (the WHOLE SHA-BANG) could be bought for something like $2.7 Billion... hell they got 10x that in machines, tools, real estate and equipment alone, not to mention intellectual property and inventory.

The market is insane right now. Waaaaayyyy undervalued. I think now is the time to buy, if there ever was... across the board, not just GM. Assuming ya can sit on it for the long term.

Very good time to buy, hell 2.7 billion is almost what I paid for my last truck

trolsgirl · November 19, 2008

Somehow, some way, I think GM will survive.

unit731 · November 19, 2008

Despite all of the bantor, against, and for, aid to the Big 3, I feel the reality is that it is politically untennable for the government NOT to act, for political reasons alone.

There will be SOME SORT OF deal by the end of the week --- that's my supposition.

Personally, I feel it is more productive to HELP the Big 3, rather than bail out banks. IMHO only.

If one watches or listens to FIX NEW CHANNEL one would think that the government is giving 25 billion to these 3 automakers. And reach all sorts of conclusions based on incorrect information.

Chrysler was 'bailed out' in the 1980's. No tax money ever went to Chrysler. All the government did was guarantee the loans provided to Chrysler. And Chrysler paid back all the loans - and the government actually made money after all was said and done.

There are still greedy people on and off Wall Street. They see an opportunity to make some good money. They want this 'bankruptcy' to happen. The value of the individual parts of worth more than the whole. These same vultures are all ready to pounce and 'buy' the parts and make a quick buck. They can get rid of those pesky legacy pensions and dump them on the US government via Pension Benefit Guaranty Corporation. Just another transfer to the US taxpayer. And those 'awful' wages paid to assembly line workers, ie 2007 Contract -

The entry-level wage structure will have a starting rate of $14.20 per hour.

csheatz · November 19, 2008

It all sucks, got a email this morning from GM explaining what plants were giong to be placed on temp. shutdowns for weeks at a time into the new year. Also the supplier email wanting people to write letters to congress, they have a link that you just fill in the blanks, not bad. I personally hope this all comes to a end soon. It could effect my income very quickly.

catrains · November 19, 2008

the solution is not to give money to the auto companies ...what is a real solution is to give buyers a tax deduction on the interest and taxes paid for the purchase...

the auto makers must go thru bankruptcy ..this is necessary so that they can restructure to todays maket...not 1960...

wages will be axed,,,layoff's will increase ,and suv plants will be terminated..

the manufacturing of the high mpg vehicles with alternative fuel propulsion systems is a must if the US automakers are to survive...

If you truely believe this will happen now is the time to buy all the stock you can..

I'm not..

MS3DALE · November 19, 2008

If what you guys are saying is true, then you should be buying some stock in GM. As soon as a nice bailout/loan package is announced, the stock price should jump quite a bit. Put your money where your mouth is!

My Dad suggested that to me last week,I think I'm going to do that

Question for you guys though....How much/many should I buy? $500.00 worth? $1,000.00 worth?

MS3DALE · November 19, 2008

the auto makers must go thru bankruptcy ..this is necessary so that they can restructure to todays maket...not 1960...

I agree with you on this.

gave20 · November 19, 2008

Despite all of the bantor, against, and for, aid to the Big 3, I feel the reality is that it is politically untennable for the government NOT to act, for political reasons alone.

There will be SOME SORT OF deal by the end of the week --- that's my supposition.

Personally, I feel it is more productive to HELP the Big 3, rather than bail out banks. IMHO only.

If one watches or listens to FIX NEW CHANNEL one would think that the government is giving 25 billion to these 3 automakers. And reach all sorts of conclusions based on incorrect information.

Chrysler was 'bailed out' in the 1980's. No tax money ever went to Chrysler. All the government did was guarantee the loans provided to Chrysler. And Chrysler paid back all the loans - and the government actually made money after all was said and done.

There are still greedy people on and off Wall Street. They see an opportunity to make some good money. They want this 'bankruptcy' to happen. The value of the individual parts of worth more than the whole. These same vultures are all ready to pounce and 'buy' the parts and make a quick buck. They can get rid of those pesky legacy pensions and dump them on the US government via Pension Benefit Guaranty Corporation. Just another transfer to the US taxpayer. And those 'awful' wages paid to assembly line workers, ie 2007 Contract -

The entry-level wage structure will have a starting rate of $14.20 per hour.

ahh, the old union talking points, the company and capitalism is evil, power to the people. UAW had a good run in Detroit and now it's time to make some changes.

And if one watches PMSNBC and the Clinton News Network you would think Congress did no wrong in this bear market. When in fact both wall street and congress are equally to blame for the mess. What we don't need is the government sticking it's nose were it doesn't belong, the markets. Let them play out on their own terms and everything will be fine. Most don't realize the American auto sector is strong and many plants and companies are in fine financial shape. Why should the taxpayer be burdened because certain companies, that have some political influence, have rough times. They got themsleves in this mess and they can get themselves out. And if we bail out the auto companies which sector will be next, home improvement, electric companies, pharmaceuticals, it will never stop.