I know, I know. The bailout worked and all headlines today present GM as having its best year since this and that. But here is raw data that you won´t see in many places: GM sold 2,595, 717 units in the Unites States during 2012; this is an 11% drop of the almost 3,000,000 units GM in 2008. GM U.S. sales in 2012 is lower and worse than any of the eight years Bush was in office. (snip) Total U.S. 2012 Auto Sales (all firms combined) are up 9% from 2008, but GM is down 11% in the same period
Just before Christmas I got a new company car, a GMC Terrain and it is a pile. It´s already been back to the dealer twice and needs to go again. Also, it´s all full of wisbang electronic trickery that is very, very annoying which has gone haywire twice, by the way. And I was gone for a weeks vacation in this time as well! I´ve put like 600 miles on the thing.
Goobernment Motors is the quintessential communist experiment. Unlike other Fascist Obambi regulations (goobernment control of price, profit, product, production and personnel while allowing private ownership), Goobernment Motors is a goobernment entity. The goobernment owns Goobernment Motors and thus the goobernment can operate it not to make a profit but to maintain a political need. In this case the need was to appease the Unions. The products produce do not have to meet a market demand and don’t have to even be sold. All that matters is the goobernment has unlimited money from taxpayers to support a ‘works’ program that benefits the goobernment, not the people.
GM and Chrysler are offering longterm leases on their products at ridiculously low monthly payments. I guess this allows them to show sales on the books, but most of those leases are not actually good paper.
When I was growing up, my family bought nothing but GM cars. My parents owned GM stock. As a young adult, I continued the family tradition, but after three GM cars developed serious problems at 60,000 miles, I gave up and started buying German cars - they´re better built and they´re fun to drive. I also convinced my parents to sell their GM stock before the gov´t bailout.
Every car I have ever purchased has been German, Japanese or British. The first car I bought was a Triumph Spitfire - it was a bear to maintain but it was a blast to drive. Don´t see any reason to change my habits in the future.
I was a proud Saturn owner - I bought 3 Saturns (1997, 2002, 2005). When I had to replace two Saturns this year, I bought a Ford Escape and a Volkswagon Jetta. Two fabulous cars...neither of them bailout vehicles. GM is a lost soul of a company. It is nothing but a campaign vehicle for Democrats. I got sick and tired of hearing at the Democrat convention in 2012 about GM, the UAW, and Ohio.
I currently own a GM car that I´ve had for 12yrs. It still runs good and has been OK for all these yrs. When it finally gives up the ghost, I´ll get another, but it will NOT be a GM or Chrysler product. Probably do like my son. He just traded in his Chevy in for a Honda. Smart young man. And Honda happens to have the highest re-sale value of just about anyone in the family auto class.
I actually owned a splendid Corvair Monza. Then a couple of Olds. A nasty Saturn. Will never ever buy a GM product. Driving a Ford Focus. Great service. Nice zippy car. Everytime I see a new GM car on the road I wonder if the owner knows he/she owns the company. Pfft on this one too.
I spent most of my adult life in Grosse Pointe, Michigan observing the auto industry. The criminal collusion between the auto industry boards, executives and the unions made the failures we have seen inevitable. Government interference put the nail in the coffin. Go back and research the usual suspects in government and lee coca´s involvement with ill advised socialist bailouts. Only Ford survived because of Henry the Duce and some tough decisions by its planners. Chrysler and GM will never be viable companies.
I´ve had 4 Saturns and loved them all, #17. Between murdering the Saturn brand and its generally lousy long-term and ongoing management, GM will never see another dime from me.
A friend of mine who works for GM was looking forward to a big raise and a record bonus this year. He, personally, won´t be getting them for disciplinary reasons, but still expects that the company will be giving them.
GM will be gone in 4 years or less. They have a six-month supply of everything except SUV´s and trucks. GM quit making the Volt - no one will buy them and besides that, selling a car for $40,000 that costs $60,000 to make is a bad business model.
What does it matter? How can they lose with their hands deep into the tax payer´s pockets? Does anyone really think Øbama and the Democrats, perfect slaves to the unions, will ever let GM sink? Market place means nothing to GM anymore. they could sell one car a year, made of adobe bricks and balsa wood and get exactly the same end of year result- and massive hand out from the US Treasury!
In Michael Agar´s book entitled Language Shock: Understanding the Culture of Conversation, he asks "[h]ow do you speak and act a lie at the same time?" Agar maintains that there are three characteristics of an act that tell ... whether a lie occurred or not: I. The sentence is false; 2. The person knows it´s false; 3. The person intends to deceive. A lie isn´t just what´s in the discourse; it´s also what´s in the circumstances of the act of speaking, like the knowledge and intentions of the speaker. Furthermore, "the thing that most people would say makes a lie
Organizing for Action (OFA), which lives at the web address barackobama.com because it is an outgrowth of the Obama presidential campaigns, is shamelessly seeking to exploit the deaths of school children at the hands of a maniac in Newtown, CT. I am beyond words. How low can you go?
Global warming hysterics at the BBC warned us in 2007 that by summer 2013, the Arctic would be ice-free. As with so many other doomsday predictions by warmists, the results turn out to be quite the opposite. The UK Daily Mail reports: A chilly Arctic summer has left 533,000 more square miles of ocean covered with ice than at the same time last year - an increase of 29 per cent. (snip) The Northwest Passage from the Atlantic to the Pacific has remained blocked by pack-ice all year. More than 20 yachts that had planned to sail it have been left
Barack Obama is a man with only one core conviction. He has, as the basic foundation of his otherwise disorganized and uncertain belief system, the irrefutable tenet that the United States, because of its European roots, has been the epitome of oppression and arrogance throughout its history. Therefore, he is able to rationalize the need to say or do anything as the transformation of American society and the end of the pre-eminent status of the United States are his sole objectives. He has, thus, adopted a pre-meditated schizophrenic personality wherein he comports himself as an apologist and appeaser on the
Liberal media bon pensants are in a huff over remarks delivered by London´s Mayor Boris Johnson suggesting that IQ and effort have something to do with income. (snip) Britain´s Guardian, which regards itself as the leading organ of the left wing intelligentsia, busied itself ginning up an editorial pretending that Johnson is probably a racist: [Johnson used] a bizarre metaphor - "The harder you shake the pack, the easier it will be for some cornflakes to get to the top" - which was likely designed to confuse with colour, and make sure that this ambitious politician didn´t say too much.
The University of Colorado at Boulder is known for being one of the most politically correct campuses in the United States, particularly when it comes to Native American cultures. (snip) I think it is absolutely fine to name the dorms after the chiefs. My problem is with the pretensions of fighting "cultural chauvinism" and "primitivization." The plain fact is that the Araphao or Hinono´ei Language was a preliterate language, unlike French. Any rendering of the language into Roman letters should qualify as "cultural chauvinism." There is no way at all to put into a foreign system of writing a preliterate
In June 2013, Judge Beryl Howell of the U.S. District Court for the District of Columbia dismissed the Pacific Legal Foundation (PLF)´s case that ObamaCare violates the Constitution´s Origination Clause. This clause reads, "All bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills." (snip)Judge Howell was likely wrong to have dismissed PLF´s lawsuit against ObamaCare for, among other reasons, not violating the Origination Clause´s second half.
President Obama will cast growing income inequality and a decline in economic mobility as a “fundamental threat to the American dream” during a speech Wednesday in Washington. The speech will serve as an early preview for next year’s State of the Union address, according to a White House official, who said Obama would focus much of his energy over the next three years on the issue. “The decisions we make over the next few years will determine whether or not our children will grow up in an America where, if you work hard, you can get ahead,” the official said.
Good stuff from Jonathan Turley at today’s House hearing on executive power, although I regret that I couldn’t find a more user-friendly format for you to watch. There’s no compilation clip; you’ll have to make do with the C-SPAN embed by fast-forwarding to the time cues I give you and being patient while the vid buffers (and buffers, and buffers).(Snip)That brings us to point two: Even if Congress can’t stop Obama, the courts can. The problem there, though, says Turley, is that O and the DOJ have argued successfully in many cases that no one has standing to sue him
Bill Clinton, the cliché goes, was the first black president, no matter his skin color. That being the case, Barack Obama is not the first black president, or the first African-American president, if you prefer, but the first hippie president. Clinton’s southern background and lifestyle were indeed more typically black, just as Obama’s was more typically hippie. And we’re not just talking about the “Choom gang” here, scarfing “Maui Wowie” on the sands of Oahu. We’re talking about all of it, the whole multi-culti-missing-white-mother-vanished-Kenyan-father-anti-imperialist-America-is-always-the-enemy-and-don’t-you-forget-it-nine-yards. And like most hippie culture as I knew and experienced it, it wasn’t about “peace and love.” Not
During a presentation at the White House in which President Barack Obama touted the benefits of the Affordable Care Act, the president declared that his signature health care reform law was not going to be repealed. This assertion led his administration members, his staff, and audience members to rise from their seats and give the president a standing ovation. Obama said that ACA opponents’ alternative to the health care reform law is to champion repeal and going back to the health care delivery system status quo ante. He specifically cited Sen. Mitch McConnell (R-KY) who he said was asked directly for
A woman has revealed how difficult it is to eat healthily and stay full when living off an average food stamp budget. Melinda Moulton, from Huntington, Vermont, was one of 200 people to take part in the 3Squares Challenge, which saw her living for a week on just $36 worth of food, or around $1.71 a meal. Opting to try and eat as healthily as possible, Ms Moulton resorted to cheap foods like yogurt for breakfast, two handfuls of peanuts for lunch and lentil stew for dinner, all of which left her unsatisfied.´I don´t know how people do it,´ said
[Video] President Obama on Wednesday declared that addressing income inequality would be the focus of “all” of the White House’s efforts “for the rest of my presidency.” In a sweeping address that touched on raising the minimum wage, investing in infrastructure and ending tax breaks for the wealthy, Obama warned that the American economy has become “profoundly unequal,” declaring economic mobility the “challenge of our time.” “The combined trends of increasing inequality and decreasing mobility pose a fundamental threat to the American dream, our way of life, and what we stand for around the globe,” he said in an hour-long
Just over two weeks ago, MSNBC host Martin Bashir delivered a harsh piece of commentary that culminated in the suggestion that someone should “s-h-i-t” in former Alaska Governor Sarah Palin‘s (R-AK) mouth. Bashir offered an abject apology on his next broadcast, but a chorus of critics continued to demand action against the host. After a reported “vacation” for the host earlier this week, Bashir announced, Wednesday afternoon, that MSNBC and Martin Bashir are parting ways. Here’s the statement from Martin Bashir, via email: After making an on-air apology, I asked for permission to take some additional time out around the Thanksgiving holiday. Upon