GM Reports Q2 Earnings: $1.3 Billion PROFIT

[jmaryt]

Originally Posted by jrc1122

Shit does happen, and when it does,, you don't invest in it.
Unless it's a fertilizer company

the whole thing "stinks" if you ask me!.the "general" has a looong way to go,and to be honest, not a whole hell of a lot of time to get there!..the "japs",
and to a lesser extent,the "koreans" have 'em by the "nuts!"

[jrc1122]

Originally Posted by Skyman 08

Just wondering if you ever thought of all the people that would have lost their jobs if GM had not filed bankrupsy and had completely folded? ALL the dealerships, ALL the employees, many more suppliers and even the suppliers of the suppliers could have gone under. It would have just started a chain of events that who knows how far it would have reached... those that actually closed and lost their jobs were really a small percentage of who would have lost their jobs if GM had completely closed...

That's a good point. Bankruptcy does happen from time to time, especially with businesses with complex finances. I'm simply saying it shouldn't be hailed as a responsible act of kindness they bestowed on the American public or something.

And a "bail out" allowed the government to come in and start making high level decisions that circumvented current bankruptcy laws. This is why bankruptcy law was ignored in this case. and share holders, and people with actual money invested in the company went to the back of the line, while people with less or no ownership moved up in line to benefit from the deal..

It was a bad deal all around.

[jrc1122]

Originally Posted by jmaryt

the whole thing "stinks" if you ask me!.the "general" has a looong way to go,and to be honest, not a whole hell of a lot of time to get there!..the "japs",
and to a lesser extent,the "koreans" have 'em by the "nuts!"

Dude you are too extreme for my taste,, you agreeing with me, is making people lump the two of us together..

I already own a Mustang, so my creditablity dropped with this crowd, 2 weeks ago, when I bought this car. I don't need extremist agreeing with me, and adding to my thought out posts.

No offense, -- Its a free forum for the most part, but I just hope that people read what I say, and what I say only (when forming opinions about me)

[jmaryt]

Originally Posted by Dragoneye

The keyboard in front of a person gives them a voice they don't normally have...usually. I wouldn't get too upset over it. People have opinions forged from all sorts of experiences in life, and right or wrong -- there's no changing that...in fact I would encourage the respect of it.

All that REALLY matters -- is that YOU know you're not thinking blindly. That you aren't sticking to some "principal" just to be comfortable in your beliefs. Know yourself, honestly, and you'll find the truth.

(And get a Regal...that always helps.)

how about a "camaro!"..i took the "gamble" because i am trying to believe in 'em,but i gotta tell ya it wasn't an easy decision!..they were building "crap" for a very long time,and the 'japs" beat the hell out of 'em in the market place!..THAT'S the reason WHY they were having issues,because the quality sucked!..apparently it took a bankruptcy to get 'em to do what was "necessary" to survive ,and 'hopefully" prosper'!..i'll let ya know when the car gets thru the warranty period with "minimal" problems,as to whether they got it "right!"

[el ess A]

Originally Posted by Skyman 08

Just wondering if you ever thought of all the people that would have lost their jobs if GM had not filed bankrupsy and had completely folded? ALL the dealerships, ALL the employees, many more suppliers and even the suppliers of the suppliers could have gone under. It would have just started a chain of events that who knows how far it would have reached... those that actually closed and lost their jobs were really a small percentage of who would have lost their jobs if GM had completely closed...

Well, purely economically speaking, that's all speculation. Nobody knows what WOULD have happened. GM filed for bankruptcy ANYWAY, even with all the bail out money, so I'm pretty sure they would have filed without any government help, only sooner and with probably deeper cutting. People lost jobs anyway, and it was going to happen regardless. But who learns from that? Chrysler and GM will NEVER pay back what they owe, sorry to say. I'd like to see them do so, but I doubt it, seriously.

But in a truly free capital system, failed businesses happen all the time. From out of the ashes, new businesses have ALWAYS emerged and prospered. Even with the big boys on the block. "Too big to fail" is a retarded concept that goes straight against the grain of capitalism, of which our financial freedoms are based. Only the strong survive. If you're not strong enough, then restructure, go out of business. Too bad, so sad. We've now set the precedent that nobody can fail, creating a very bad arrangement for our capitalist system. Individual wealth WILL be declining because of it. You think it's bad now...

Coming from a GM family, I hope GM does recover. But at this current rate, things won't be paid back, if at all, for 20 or more years. And this is assuming they don't hit a brick wall in the meantime.

[Mr. Wyndham]

Originally Posted by jrc1122

I'm not upset man.. seriously. I am all good. I have my opinions, my morals, and my principles. You have yours, I just thought I was being called a blind thinker, and I am anything but.

I use the term 'blind' very loosely. I have seen enough in my short time to know that everyone forms opinions out of experience, no one is more right or wrong than another unless they're truly being stupid....and no two people's experiences are the same. I could probably write a few pages on the necessity for opinions and differing experiences in order for humanity to grow and progress....but my fingers are tired...

Originally Posted by jrc1122

But a question to you: Why is calling myself a tax payer, dismissed as simple rhetoric? When it is the truth. I am in fact a member of the 53% of American's who actually pays federal income taxes.

I will show you the respect of answering...but I'll ask that this conversation ends with it. Unless you want to continue in PMs, which I more than welcome. We try our hardest to keep political discussions off of this site.

Basically -- I dismiss it because it far to simple. Yes, you are a US taxpayer. Which means you own, mathematically speaking.....000000329% of the General Motors Company. Or, more realistically: 0%. Because your tax dollars go on a one-way trip to the Treasury every year. This money gets played with by the people we elect...and that's about as close to "ownership" as we'll ever get. It's a feel-good argument all in our heads -- if you'll pardon my thoughts on the subject -- because there is no real truth to the matter that the US taxpayer "owns" GM. The Treasury does. And the US taxpayer will never "get that money back" because if it wasn't GM, it would have been thrown at something else. Something that won't pay it back, or yield a return. You will not see a "General Motors" return credit on your taxes next year...because that's not the way it works. So I apologize for doing so -- but I completely dismiss this argument. Both sides of the political spectrum are using this mind-trick as a way to posture themselves on the subject. Both are deluding the public....because that's what politicians do: lie.

Originally Posted by jrc1122

I hope we are all good, but dismissing my thoughts as simple rhetoric, is sort of asking for a response don't ya think? After all we are engaged in a discussion, or so I thought.

We're very good. I like to think I'm an easy-going kinda guy. And I very rarely hinge my opinions on a person on statements made on the internet...You have to DO something awfully stupid to get me to dislike you.

Originally Posted by jmaryt

how about a "camaro!"..i took the "gamble" because i am trying to believe in 'em,but i gotta tell ya it wasn't an easy decision!..they were building "crap" for a very long time,and the 'japs" beat the hell out of 'em in the market place!..THAT'S the reason WHY they were having issues,because the quality sucked!..apparently it took a bankruptcy to get 'em to do what was "necessary" to survive ,and 'hopefully" prosper'!..i'll let ya know when the car gets thru the warranty period with "minimal" problems,as to whether they got it "right!"

Oookay? I would agree with some of the points above...except I can't help but see this everytime I read one of your posts:

[TAG UR IT]

GAH!!! I just read this entire thread...4 pages...and go to respond only to find out it's CLOSED?!?!




well, d@mn, man...






(and sorry for posting after the thread was closed, Dragon....but I have to vent somehow! )