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Author Topic: Under Water and Sinking  (Read 1279 times)

Offline kingbee

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Under Water and Sinking
« on: October 09, 2012, 01:19:04 PM »
http://www.rasmussenreports.com/public_content/most_recent_podcasts/2012_10/government_ownership_still_hurting_the_gm_brand

Here is a new poll that shows that the simple fact that General Motors known today as Government Motors by most voters is suffering from a poor public image, keeping a majority of Americans from considering a GM product for their next new car or truck.  IMHO this image is part and parcel of the fact that the Federal Government (You an I) still overwhelmingly "Owns" most of the "new" General Motors stock, and this stock has lost half or more of its value since the Federal Government created it almost 4 years ago.  Not only are you and I under water with this stock but the 20% of GM stock in the UAW's pention plan is underwater as well.

Offline AllenF

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Re: Under Water and Sinking
« Reply #1 on: October 09, 2012, 08:18:15 PM »
What about all the I.O.U.s that the Social Security Administration has for all the years the fed has spent what was saved up?   What are they worth?

Online kathyp

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Re: Under Water and Sinking
« Reply #2 on: October 09, 2012, 08:57:12 PM »
the fed is required to fund SSI.  there is no way to force GM to pay the american people back.  GM was failing for a reason.  we threw good money after bad.
.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville

Offline BlueBee

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Re: Under Water and Sinking
« Reply #3 on: October 09, 2012, 09:15:21 PM »
And Facebook is down 46% since their IPO.  The NASDAQ composite is down 40% from year 2000.  What does that all mean?  Next to nothing. 

Markets go up and markets go down; why is that a surprise to beeks  :?   

General Motors is actually up 20% year to date; I bet you wish you had that one in your portfolio ;)  Ford on the other hand is down 6% for the year.  Government or not, I would rather own GM than Ford; both stock wise and car wise.

BTW…. GM is not failing  :)

Online kathyp

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Re: Under Water and Sinking
« Reply #4 on: October 10, 2012, 12:39:44 AM »
as you say, markets go up and down. over the long haul, i'd rather own ford. 

of course, if you own any american company, you are taking a risk as long as this guy is prez.  if he decides to "save" it, you, the investor, are screwed. 

http://www.forbes.com/sites/louiswoodhill/2012/08/15/general-motors-is-headed-for-bankruptcy-again/

and GM is failing.  another brilliant pick by "the one".
.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville

Offline sterling

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Re: Under Water and Sinking
« Reply #5 on: October 10, 2012, 11:01:22 AM »
>another brilliant pick by the "one"
Are you talking about O or Blue? :?

And did you see where the Korean company that Obama gave out a bunch of stimulus money to build batteries for the Volt in August of 2010 has not built one battery and is in the process of laying off workers. :oops:

Online kathyp

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Re: Under Water and Sinking
« Reply #6 on: October 10, 2012, 12:46:58 PM »
Quote
Are you talking about O or Blue?

maybe both?   :-D
.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville

Offline buzzbee

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Re: Under Water and Sinking
« Reply #7 on: October 10, 2012, 06:07:33 PM »
Sterling,nothing to worry about. it was only 150 million of taxpayer dollars. There's more where that came from.
Just add this to Solendra and Fisker. All good investments. What was it that Perot said? Hear the giant sucking sound of jobs and money leaving America.It's almost a deafening roar right now.


Offline buzzbee

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Re: Under Water and Sinking
« Reply #8 on: October 10, 2012, 06:13:15 PM »
Here is some enlightening news. Blue bee is right,more jobs at GM!!
http://freebeacon.com/from-janesville-to-jilin/
In China!!! :shock:

Offline kingbee

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Re: Under Water and Sinking
« Reply #9 on: October 10, 2012, 06:33:59 PM »
What about all the I.O.U.s that the Social Security Administration has... What are they worth?

The Social Security IOUs are only worth what ever dollars that seniors and the disabled can politically pry from out of the hands of the EPA, USDA, Medicaid, VA, Department of Energy, HHS, and other Federal agencies.  Trying to cut the Intrest on the National Debt is an impossibility as the intrest on the debt will soon consume three times or more than the Defense budget now consumes.