From: Mike Hunter on 11 Jan 2010 10:21 "Canuck57" <Canuck57(a)nospam.com> wrote in message news:PXt2n.16613$w21.11638(a)newsfe17.iad... > On 09/01/2010 6:20 PM, Nickname unavailable wrote: >> On Jan 9, 4:49 pm, Canuck57<Canuc...(a)nospam.com> wrote: >>> On 08/01/2010 10:42 PM, Nickname unavailable wrote: >>> >>> >>> >>>> On Jan 8, 6:48 pm, Canuck57<Canuc...(a)nospam.com> wrote: >>>>> On 08/01/2010 12:06 PM, Mike Hunter wrote: >>> >>>>>> GM is not yet profitable because it has been spending billions on R&D >>>>>> to >>>>>> bring their all new models to market, as well as at least five true >>>>>> electrics. >>> >>>>> Ford did it too, in fact they already have new models. And in fact did >>>>> it without $60,000 of taxpayers cash per vehicle in 2009. Not only >>>>> that, they made a profit! Yep, Ford didn't pocket pick taxpayers for >>>>> its problems. >>> >>>> ford did not have take any money by pure luck. they had lined up >>>> credit right before the inevitable free market blowout. just about >>>> every car company in the world, including the japanese, took their >>>> government money. if ford had not had luck in the timing, and did not >>>> need any credit lets say, for 6 months later, they to would have been >>>> caught up in the credit squeeze. >>> >>> Agreed. By luck, Ford pulled back. But I also think Ford knew there >>> would be a stigma attached to taking bailout moneys. >> >> >> i doubt that, they would have to prove need. >> >> Pretty good >>> conversion of debt to capital they did too. Made me some money as I >>> picked up Ford at $2.20 or so and sold out early at $6.80. Never got >>> burned by taking a profit. But Ford is now over bought. The stock is >>> diluted and holds a higher valuation than in 2006. It is due for a >>> correction as even if GM goes under, the competition for the consumers >>> dollar is going to be rough for 5 years or so. >>> >> >> >> the inevitable deflationary depression that almost always follows a >> free market blowout, is just starting to pick up steam. >> >>>>> And sorry, bet the Volt is a market loser. They spent so much time >>>>> sucking for tax dollars it put them behind developing the thing. >>>>> Sorry, >>>>> I will not buy a $40,000+++taxes GM POC when Tata is coming with a >>>>> real >>>>> smart idea. >>> >>>> then do not. and subsidize the indian tax payer, and create debt for >>>> you and your children. >>> >>> The debt for myself and my children is being saddled on me by >>> GM/Chrysler, not Tata. That is why I want the opportunity to buy Tata. >>> In fact I am considering buying their stock. On a pull back I just >>> might. NYSE TTM >> >> when you purchase products that are made by your own people, that >> creates a profit, and adds to your bottom line. >> when you purchase foreign owned, or foreign made products, you create >> debt, period. >> foreign made products, pay half the taxes, that american made >> products do. so keep piling it on your children's shoulders, and >> someday they will ask daddy "why could you not handle money properly, >> and understand what debt is?" > > So how does wealth come from GM stealing from all of us via the tax > system? > > Maybe we need to put our societies rot on the curb with the garbage.
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