From: Mike Hunter on

"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.