What do you think about GM?

[Dar]

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huh????

 

[bkreugar]

mjsdhs
We are 38 my husband and I. He is no financial slouch and I was a saver till I met him.

Anyway in your siggy it says you now know why silkies are evil we are scheduled to get our first silkies and polish June 10! We are very excited and my summer plans with DD 11 is to do videos with them.Remaking some popular rock songs like Nickelbacks Rockstar. (we all what to be big polish chickens) instead of we all just wanna by big rockstars!

 

[Dar]

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k you and i are about the same age and DH is no slouch either but he cant stand up to people the real estate agent had him looking at houses double our price range..he is a real push over...

and silkies....we have a broody hen right now sitting on 3 eggs...and she is evil and viscous nippin at DH when he went to lift her so we can candle eggs..

 

[beak]

I believe the 66 cents to the UAW is to take care of the health and pension plans for their retired workers. I know they're union workers and they created the middle class and 40 hour weeks and all that terrible stuff so they don't deserve a pension. However I would be a little upset if I worked a back breaking mind numbing job for 25 to 30 years so I could have a guaranteed retirement with health benefits and lost it all because of rotten management. The bond holders have insurance on their investments and will be reimbursed.

I really don't think anyone would have stepped in and taken over GM. It would just be sold as salvage.

GM management was providing what the consumers wanted. Look at the behemoths that Toyota came up with. Nissan too. The thing is they had a complete line of small cars too. The American companies were limited and caught with their pants down.

The only thing the government is at fault for is allowing greed to run rampant. They removed restrictions and regulations so more people could buy houses and deregulated the stock and bond market so that investors could make bigger false profits.

GREED GREED GREED. Capitalism encourages and breeds greed. There needs to be control. It allows people that have an unfair advantage in manipulation to control all the money. The old adage about anybody being able to make it rich if you work hard is pure simple BS. It does happen but only in a small percentage of people that work hard.

 

[yotetrapper]

Okay, this is my opinion of how the government is responsible. Sure, a lot of middle class people bought more that they could ever afford and foreclosed and that was a huge part of the problem. But during the Clinton administration, regulations were passed requiring banks to accept a certain % of high risk debtors. It wasn't the greed of the banks, it was the gov'ts interfence in forcing them to accept mortage applications they would have normally thrown in the trash can. They were approving mortgages for people who didnt even have an income, and lived off of welfare! Enter in lobbyist group ACORN who would surround banks not complying with the regulations and use scare tactics to pressure the banks to approve low class minority applications. SO this is why I say government is responsible.

Are the people responsible? Sure are! But inner cities breed a whole different culture of people, ones who know nothing other than nursing the government teat. To force banks to to give mortgages to these people are what caused this crisis.

As for the UAW bankruptcy terms, they are ridculous and unprecedented. In all of America's history, in bankruptcies such as this one, the secured stock holders got there share and a higher pecentage than any unsecure stock holders. The UAW stocks were unsecured. Again, the gov't interfered and set a very terrifying and dangerous precedent for the financial world.

Beak, sure you're "allowed" to say that... you might thank a soldier for your right to do so. As for me, I've nothing more to say to you.

 

[chickenguysmom]

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As Americans we save so little of what we make. We went from being a nation of producers to a nation of consumers within one or two generations. It is all about the choices people make and the responsibility they take for their actions.

If you choose to have a cell phone with tons of minutes and text all day long. If you have to have cable TV because your reception is crappy. If you choose to eat out and go to movies and drink Starbucks. Those are all choices that effect your personal bottom line. Of course I don't mean you personally, Mr. Beak. What I am trying to say is that folks don't seem to remember what a NEED is vs. a WANT. Then when they have made poor choices all their lives they look to someone to blame and someone to bail them out. For some it is bankruptcy, for others it is gov.t bailouts. Whatever it is it began with society telling you 'it is not your fault'. Not your fault if you are overweight - its McDonald's fault or your genetic make up, but you are not to blame. If you have cancer, it's the cigarette maker's fault for selling you the ciggies not yours for buying them and smoking them. If you didn't get a high paying job it's not your fault it is because you are__________ whatever. It's not because you decided to drop out of school, skip classes. Or better yet blame it on the education system. Anyone but the individual.

Sort of long, but it's all about personal responsibility. And yes folks that come from modest middle-class families can become rich but they will all tell you they made choices, hard choices about what was important to them and their goals. A good book to read is The Millionaire Next Door.

I apoligize in advance to anyone who has ever smoked, got turned down for a job or skipped classes.

 

[beak]

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I was a soldier. Yes you can thank me for the right to have a different opinion than you. That's whats great about being a vet. Everyone has to thank me for all their rights. I'll still talk to you though. Because I respect your right to have a different opinion. The bond holders actually want GM to go bankrupt so they can get their bonds covered by insurance. Yes Clinton started the lowered requirements for mortgages. The deregulation of the stock market was a pub deal. Some senator with the first name Chris I believe.

Have a nice day.

 

[bkreugar]

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Yes Americans wanted those bigger trucks and suv's but surely they could come up with a way to increase fuel efficiency.That would sell big! And another reason the big 3 pushed those bigger suvs and trucks was because they were more profitable.Like builders preferring to build mcmansions to starter houses.

 

[bkreugar]

As Americans we save so little of what we make. We went from being a nation of producers to a nation of consumers within one or two generations. It is all about the choices people make and the responsibility they take for their actions.

Totally agree with Chickenguysmom. Then again it is very hard to save when my Dh's healthplan has a $1200.00 individual deductible. I felt like with 4 of us in the house one of us was sick enough to go to the doc EVERY month and that was totally out of pocket.That however is another issue.

 

[Whispering Winds]

I still think taking all that money and splitting it with us legal Americans was the BEST idea out there. . .think of what THAT would have done to the economy. They thought this stimulus money was BAIL OUT for us, and the truth is, it just caught most people up . . .what a crock. I hate that all these people are losing their jobs, but what really stinks is what the CEO's make, their perks and bonuses, while poor Joe Blow has to get by the best way he knows how . . .oh, just don't get me started. We HAVE, MUST, NEED to start getting back to the land, I don't care if you have a 50 x 50 lot, USE it to the full extent to help feed your family . . .if most of us had a pantry and freezer full of food, we might not freak out thinking of not having steady income for a little while . . .at least our family would be fed . . . I am slowly but surely working on this, my husband is disabled, but if SS goes under, we will too, no ifs, ands, or buts about it . . .we are definitely living in scary times. I hate to think what our children and grandchildren are going to have to deal with when they are adults, and I don't care if its a democrat or a republican in office, they all are out for ONE thing, their own good. . .I have such faith that maybe things will turn around for all of us, new industry, jobs coming back . . .we just have to keep the faith. It happens about every 30 years or so, and we are such a strong nation, we always bounce back . . .let's hope we can do it again!!! Sorry, I did get started!!