I want to retire when I'm 48 - Page 2

t3chfr3ak · 02-23-2009, 11:50 PM

Quote:

Originally Posted by DeathChill

I'm not sure how anyone can complain that Ford took out loans (read: NOT TAXPAYER'S MONEY) from banks. They did it smartly rather then letting themselves get to the point where they were nearly bankrupt.

I dont think anyone is complaining. But although they received their secured loan from banks, these banks (Citigroup, Goldman Sachs, and J.P. Morgan) are now going into the toilet(especially Citigroup with their stocks dropping like shit from a horse) and wasting taxpayers moneys. So really, they did get their loan from the govnt or more likely the taxpayer.

kdbolt70 · 02-24-2009, 12:00 AM

Quote:

Originally Posted by DeathChill

I'm not sure how anyone can complain that Ford took out loans (read: NOT TAXPAYER'S MONEY) from banks. They did it smartly rather then letting themselves get to the point where they were nearly bankrupt.

They literally did the exact same thing GM is doing now, except credit wasn't so tied up from the housing burst. So actually Ford was doing worse than GM, and just got lucky that they could get loans while they still could.

oldsmobile · 02-24-2009, 12:19 AM

Why does the media hate on GM so much? The banks get hundreds of billions in bailout money and they say very little. GM ask for a LOAN not a bailout, and a substantially smaller amount than the banks, and the media tears them a new one. I think that what they should do is offer vouchers to taxpayers to buy a GM Ford or Chrysler product that is made in the USA, this would not only help the auto makers but also the dealers and the economy in general. And as far as retiring at 48, let them. If somebody can sit on assembly line and do the same thing 300 times a day for years on end they should be rewarded, I know I couldn't do it.

Andro · 02-24-2009, 12:30 AM

Quote:

Originally Posted by CamaroSpike23

join the military...lol

Yes sir, retiring at 44

Dakota Kid · 02-24-2009, 10:27 AM

I retired from the Air Force at age 41. I am now well into my second career. The military retirement is a nice supplemental income, but not enough to live on.

Silver Streak · 02-24-2009, 10:36 AM

Quote:

Originally Posted by Blownhotrodder

So your saying they did a better job of preparing right? Yea I thought thats what you were trying to say.

They also didnt get that money from the govt.

No they got very lucky! You sure do bash GM alot!

Paintcode40 · 02-24-2009, 11:39 AM

Or do it my way. Work so hard for it all, you have 6 heart bypasses at 48 and are forced to retire at 48 cuz your body so f.....t up!

Blownhotrodder · 02-24-2009, 03:27 PM

Quote:

Originally Posted by Silver Streak

No they got very lucky! You sure do bash GM alot!

Yes I do, they deserve it. They are a better company than what they have shown in the past years. Im not gonna sit here and say oh its alright, its not. And as long as they operate the way they have Im gonna rag the hell out of them. Its about time they got their head out of their butt and take control of the company. The greed and money wasting of upper management, they should get rid of every one of those sorry guys. Getting millions in bonuses and the company is run into the ground. A union that has sucked the company dry with rediculous wage and benefit demands. They have for years built boring cars, the new camaro is about the only exciting thing they have built lately that the average person can remotely afford. Dealerships that are poorly run, look and operate like its the 70's. I go into a toyota dealership and everything is modern, people are friendly and accomedating, much much nicer environment.

I could go on but its just wasted breath. The funny thing is that you think I rag on them because I dont like them. I do it because I do like them. I expect more.:flag1:

mutant chicken · 02-24-2009, 03:51 PM

Quote:

Originally Posted by oldsmobile

Why does the media hate on GM so much? The banks get hundreds of billions in bailout money and they say very little. GM ask for a LOAN not a bailout, and a substantially smaller amount than the banks, and the media tears them a new one. I think that what they should do is offer vouchers to taxpayers to buy a GM Ford or Chrysler product that is made in the USA, this would not only help the auto makers but also the dealers and the economy in general. And as far as retiring at 48, let them. If somebody can sit on assembly line and do the same thing 300 times a day for years on end they should be rewarded, I know I couldn't do it.

If all goes well I should be able to retire for the first time at 50, no I don't work for the auto industry, but I have worked for the same employer since I was 19, and by the time I get my thirty years in I will be lucky if I can still walk. Most of us that drive for the the big brown man either have desrtoyed our knees or our backs by the time we retire, and our average life expectancy is only 3 years after retirement ... I guess our bodies are just plain worn out ! I hope to start a second career after I "retire" so maybe I can live a while longer, I still have two young children that I would like to see grow up, and maybe see drive my new Camaro some day !!!!!

t3chfr3ak · 02-24-2009, 07:11 PM

Quote:

Originally Posted by Blownhotrodder

Yes I do, they deserve it. They are a better company than what they have shown in the past years. Im not gonna sit here and say oh its alright, its not. And as long as they operate the way they have Im gonna rag the hell out of them. Its about time they got their head out of their butt and take control of the company. The greed and money wasting of upper management, they should get rid of every one of those sorry guys. Getting millions in bonuses and the company is run into the ground. A union that has sucked the company dry with rediculous wage and benefit demands. They have for years built boring cars, the new camaro is about the only exciting thing they have built lately that the average person can remotely afford. Dealerships that are poorly run, look and operate like its the 70's. I go into a toyota dealership and everything is modern, people are friendly and accomedating, much much nicer environment.

I could go on but its just wasted breath. The funny thing is that you think I rag on them because I dont like them. I do it because I do like them. I expect more.:flag1:

You really have to get your facts straight there buddy! For one, although GM sales have been lacking the past few years this whole automotive industry is hurting not because of bad management but because of the recession (which was caused by the housing market). Second, its not just GM hurting right now its Ford, Dodge, Honda, Mazda,..... As I said earlier Ford was in the crapper before anyone else so why are you sticking up for them? Their loans came from banks that are in the crapper also! I do think they have to cut some of their sister companies off, as there is no need for a different name with similar cars. Kinda pointless. So really, there is no need to be that pissed as its sort of not their fault. If we were not in a recession right now I dont think anything would of happened to any auto manufacturer.

Blownhotrodder · 02-24-2009, 07:20 PM

Sort of not their fault.....I like that. So does that mean it is or isnt their fault? Or it is their fault but other circumstances helped with their "problems". The Generals share of the market has been on the decline for years, why is that?

Howd you know my name was Buddy?

t3chfr3ak · 02-24-2009, 11:44 PM

Quote:

Originally Posted by Blownhotrodder

Sort of not their fault.....I like that. So does that mean it is or isnt their fault? Or it is their fault but other circumstances helped with their "problems". The Generals share of the market has been on the decline for years, why is that?

Howd you know my name was Buddy?

I think the name suits you. On the decline doesnt mean much. Why do you think ford went for their loan? Because their share of the market was at a decline also. The recession made things worse than it really would have been without it. Do you think all the other manufacturers are doing a crappy job with managing? Because they are in the same boat, you know.

Blownhotrodder · 02-25-2009, 12:19 AM

Im not sure what other manufactures your referring too but most of them are. GM is the worst though. Their costs are higher than any other in the business. Yes the recession has put an extra wammy on the auto industry but it was on its way there. You just cant have the high costs and be competitive with the others.

-Buddy

Blownhotrodder · 02-25-2009, 02:09 AM

Heres a good read.

http://www.forbes.com/2009/02/19/bac...rry_flint.html

02-24-2009, 11:39 AM	#21
Paintcode40 Drives: Silver Chevy Join Date: Feb 2009 Location: Oregon Posts: 139 View My Garage	Retire at 48 Or do it my way. Work so hard for it all, you have 6 heart bypasses at 48 and are forced to retire at 48 cuz your body so f.....t up!

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02-24-2009, 12:19 AM	#17
oldsmobile Drives: '98 Olds Aurora Join Date: Feb 2009 Location: Michigan Posts: 17	Why does the media hate on GM so much? The banks get hundreds of billions in bailout money and they say very little. GM ask for a LOAN not a bailout, and a substantially smaller amount than the banks, and the media tears them a new one. I think that what they should do is offer vouchers to taxpayers to buy a GM Ford or Chrysler product that is made in the USA, this would not only help the auto makers but also the dealers and the economy in general. And as far as retiring at 48, let them. If somebody can sit on assembly line and do the same thing 300 times a day for years on end they should be rewarded, I know I couldn't do it.

02-24-2009, 10:27 AM	#19
Dakota Kid Drives: 2010 2SS/RJT/L99 Join Date: Dec 2008 Location: Springfield, MO Posts: 1,151	I retired from the Air Force at age 41. I am now well into my second career. The military retirement is a nice supplemental income, but not enough to live on.

02-24-2009, 07:20 PM	#25
Blownhotrodder Drives: 2018 ZL1 1LE Join Date: Dec 2008 Location: Clarkesville , GEORGIA Posts: 1,857	Sort of not their fault.....I like that. So does that mean it is or isnt their fault? Or it is their fault but other circumstances helped with their "problems". The Generals share of the market has been on the decline for years, why is that? Howd you know my name was Buddy?

02-25-2009, 12:19 AM	#27
Blownhotrodder Drives: 2018 ZL1 1LE Join Date: Dec 2008 Location: Clarkesville , GEORGIA Posts: 1,857	Im not sure what other manufactures your referring too but most of them are. GM is the worst though. Their costs are higher than any other in the business. Yes the recession has put an extra wammy on the auto industry but it was on its way there. You just cant have the high costs and be competitive with the others. -Buddy

02-25-2009, 02:09 AM	#28
Blownhotrodder Drives: 2018 ZL1 1LE Join Date: Dec 2008 Location: Clarkesville , GEORGIA Posts: 1,857	Heres a good read. http://www.forbes.com/2009/02/19/bac...rry_flint.html