ChattanoogaPhil
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Are you now messing w/. me cause I'm new. S&W makes parts that go in a Harley?!?![]()
My point being that Dow has been up & down lately and is down over 600 points in three days. Stuff happens in the market & to individual stocks. Attributing the downturn in GM stock price to Akerson is based on what exactly? Insider information? The fact that the company is finally making and selling decent cars again?Of course he didn't drive the rest of the DOW down. When GM went public the DOW was at 11,000. That's about where it is now. However, GM is down 40% during the same time period.
His small and fuel efficient cars? "According to the Detroit News: 'A government-imposed tax hike, Akerson believes, will prompt more people to buy small cars and do more good for the environment than forcing automakers to comply with higher gas-mileage standards.'" GM makes a boatload more money on Suburbans than it does on Cruzes. In fact, I'm pretty sure it's safe to say that all the Japanese automakers outsell GM in that market - a market they actually ceded to the imports 20 years or so ago. I remember very well being in a meeting (as an hourly grunt) when management told us this very thing.What do you think of GM CEO calling for you to pay an additional $1 per gallon Federal gas tax so he can sell more of his small and fuel efficient cars? Now THAT, I have a beef with.
Please drop the whole socialist rant, OK? Japan, Germany, France, Italy, Korea and other auto producing nations back their car companies because they recognize the importance of a strong industry to the nation's economy. In The US it's socialist??? This is the sorriest bunch of clap-trap I've heard in years...Us tax payers were already paying $7,500 to try to bribe people into buying the Chevy Volt. Since that hasn't worked so well, I guess we are supposed to all be punished into buying these type cars? I consider these type tactics socialist and quite relevant in a thread about buying American.
Please drop the whole socialist rant, OK? Japan, Germany, France, Italy, Korea and other auto producing nations back their car companies because they recognize the importance of a strong industry to the nation's economy. In The US it's socialist??? This is the sorriest bunch of clap-trap I've heard in years...![]()
Pointing to other nations, especially European, socialist programs as rationale for America to follow suit is nothing new. I could not disagree more with this type of thinking, but I'll leave it at that.
Not without another silly "socialist" comment though...Pointing to other nations, especially European, socialist programs as rationale for America to follow suit is nothing new. I could not disagree more with this type of thinking, but I'll leave it at that.
Many doctors are now going to work for hospitals or medical corporations for a set salary rather than have to do billing, hire staff, pay malpractice insurance and such.
And the profits go to Japan.![]()