Comments on: What GM’s bankruptcy means for the American auto scene http://tech.blorge.com/Structure: /2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/ Technology news Sat, 20 Mar 2010 00:07:48 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Felix Chesterfield http://tech.blorge.com/Structure:/2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/comment-page-1/#comment-198572 Felix Chesterfield Tue, 28 Jul 2009 17:17:41 +0000 http://tech.blorge.com/Structure: /2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/#comment-198572 Will GM's bankruptcy affect a site like this for <a href="http://www.gmpartsdirect.com" rel="nofollow">truck and auto parts</a> ? Will GM’s bankruptcy affect a site like this for truck and auto parts ?

]]> By: Aquaadverse http://tech.blorge.com/Structure:/2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/comment-page-1/#comment-184381 Aquaadverse Tue, 02 Jun 2009 16:37:13 +0000 http://tech.blorge.com/Structure: /2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/#comment-184381 We might have sold our soul, but we didn't finance it. China has purchased over a trillion dollars of US debt. Over the last month Hillary Clinton as Secretary of State, Speaker of the House Pelosi, Senator and one time Presidential candidate John Kerry, Treasury Secretary Geithner have all visited to to persuade China to keep buying debt. They have been manually holding down inflation on the US dollar by pegging it the Yen. Strong inflation of the US dollar is all but certain. Nationalization of Banks and investment firms, now automobile companies is idiotic. I missed the part of the US Constitution giving such authority. We've given the next probable world economic super power the ability to control and limit our options that doesn't require a single bullet, treaty or gesture. Merely discussing concerns about our financial policy has senior officials scurrying over. I realize officially there are cover excuses for other functions, but seriously? Please. We have been fortunate over the last 25 years to have an expanding economy. A whole new generation has never seen inflation. That'll change. We might have sold our soul, but we didn’t finance it. China has purchased over a trillion dollars of US debt.

Over the last month Hillary Clinton as Secretary of State, Speaker of the House Pelosi, Senator and one time Presidential candidate John Kerry, Treasury Secretary Geithner have all visited to to persuade China to keep buying debt. They have been manually holding down inflation on the US dollar by pegging it the Yen.

Strong inflation of the US dollar is all but certain. Nationalization of Banks and investment firms, now automobile companies is idiotic. I missed the part of the US Constitution giving such authority.

We’ve given the next probable world economic super power the ability to control and limit our options that doesn’t require a single bullet, treaty or gesture. Merely discussing concerns about our financial policy has senior officials scurrying over.

I realize officially there are cover excuses for other functions, but seriously? Please.

We have been fortunate over the last 25 years to have an expanding economy. A whole new generation has never seen inflation.

That’ll change.

]]> By: JohnJ http://tech.blorge.com/Structure:/2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/comment-page-1/#comment-184362 JohnJ Tue, 02 Jun 2009 14:59:06 +0000 http://tech.blorge.com/Structure: /2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/#comment-184362 s/company/country Sorry about that. s/company/country

Sorry about that.

]]> By: JohnJ http://tech.blorge.com/Structure:/2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/comment-page-1/#comment-184346 JohnJ Tue, 02 Jun 2009 12:35:42 +0000 http://tech.blorge.com/Structure: /2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/#comment-184346 Outsource != Off-shore. You can outsource, off-shore, or both, but the terms are technically unrelated. I would add that as a global concern, the only way for GM to actually off-shore is to more operations to a company they don't already do business in. Aquaadverse, we sold our manufacturing souls to China back in the '80s. Outsource != Off-shore. You can outsource, off-shore, or both, but the terms are technically unrelated. I would add that as a global concern, the only way for GM to actually off-shore is to more operations to a company they don’t already do business in.

Aquaadverse, we sold our manufacturing souls to China back in the ’80s.

]]> By: Aquaadverse http://tech.blorge.com/Structure:/2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/comment-page-1/#comment-184339 Aquaadverse Tue, 02 Jun 2009 11:17:30 +0000 http://tech.blorge.com/Structure: /2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/#comment-184339 Should have just let them fail 4 months ago. There was little hope all the various factions in a culture with 60 years of work stoppage as negotiation. Obama seriously messed up when he put the UAW ahead of the bond holders. Idiotic to take one of the cardinal rules of public financing. Bonds were supposed to make up for a lower return by putting them near the top as far as getting considerations during bankrupties. This inexperienced fool with no executive or military or private sector experience is fine with wreaking the economy and selling our future to China. I was hoping I could die without a bigger idiot than Carter in the big chair. Should have just let them fail 4 months ago. There was little hope all the various factions in a culture with 60 years of work stoppage as negotiation.

Obama seriously messed up when he put the UAW ahead of the bond holders. Idiotic to take one of the cardinal rules of public financing. Bonds were supposed to make up for a lower return by putting them near the top as far as getting considerations during bankrupties.

This inexperienced fool with no executive or military or private sector experience is fine with wreaking the economy and selling our future to China. I was hoping I could die without a bigger idiot than Carter in the big chair.

]]> By: John Pospisil http://tech.blorge.com/Structure:/2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/comment-page-1/#comment-184276 John Pospisil Tue, 02 Jun 2009 02:38:25 +0000 http://tech.blorge.com/Structure: /2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/#comment-184276 I just heard this described on Australian radio as a "defining moment in American capitalism". That's a scary thought. I just heard this described on Australian radio as a “defining moment in American capitalism”. That’s a scary thought.

]]> By: asa http://tech.blorge.com/Structure:/2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/comment-page-1/#comment-184270 asa Tue, 02 Jun 2009 02:04:36 +0000 http://tech.blorge.com/Structure: /2009/06/01/what-gms-bankruptcy-means-for-the-american-auto-scene/#comment-184270 General Motors Corp. (GM) will ask a bankruptcy judge Monday for permission to tap about half the $33 billion in bankruptcy financing being provided by the U.S. and Canadian governments. After the UAW is fully funded, GM will file for a REAL bankruptcy. But not before taking 50+ billion taxpayers dollars. We are being taken as fools. General Motors Corp. (GM) will ask a bankruptcy judge Monday for permission to tap about half the $33 billion in bankruptcy financing being provided by the U.S. and Canadian governments.

After the UAW is fully funded, GM will file for a REAL bankruptcy. But not before taking 50+ billion taxpayers dollars. We are being taken as fools.

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