let's get away from our neo neo classical capatalistic mandates!!
General Motors / Ford / Chrysler
- Thread starter SouthAmerica
- Start date
- Status
Is there any incentive for politicians to bail anyone out after the election?
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Yea, that's the ticket!
What would be better is to start over....
Why ?
Why would one want to pay $38,000 when they could pay $16,000 ?
When leverage ceases, so do high prices....
Why?
To simplify.......
One could borrow $100,000 before....and could add this to the pool of money that prices products.....
Now....if one is able to borrow at all....it will be like having maybe $30,000 available to price products....
Thus...what used to sell for $38,000 ....should be selling for less than $15,000.....
Everybody is in the same boat....and the money tide raises and lowers the boat....
So the slate must be wiped clean....so that a healthy start can emerge......
Why ?
Why would one want to pay $38,000 when they could pay $16,000 ?
When leverage ceases, so do high prices....
Why?
To simplify.......
One could borrow $100,000 before....and could add this to the pool of money that prices products.....
Now....if one is able to borrow at all....it will be like having maybe $30,000 available to price products....
Thus...what used to sell for $38,000 ....should be selling for less than $15,000.....
Everybody is in the same boat....and the money tide raises and lowers the boat....
So the slate must be wiped clean....so that a healthy start can emerge......
.
November 10, 2008
SouthAmerica: The US government should nationalize ASAP the 2 major US automakers GM and Ford â and should let Chrysler die a quick death.
It is stupid to give any bailout money to these companies. After the US government consolidates these 2 companies we might get one viable company.
Today GM market cap is around US$ 1.8 billion and Ford is around US$ 4 billion.
It is crazy to throw another US$ 50 billion dollars into this money pit.
.
November 10, 2008
SouthAmerica: The US government should nationalize ASAP the 2 major US automakers GM and Ford â and should let Chrysler die a quick death.
It is stupid to give any bailout money to these companies. After the US government consolidates these 2 companies we might get one viable company.
Today GM market cap is around US$ 1.8 billion and Ford is around US$ 4 billion.
It is crazy to throw another US$ 50 billion dollars into this money pit.
.
.
November 20, 2008
SouthAmerica: Last night The Charlie Rose Show was about the bailout of the 3 US automakers. Here is my posting at The Charlie Rose Show about what the US government should do about GM and Ford:
The US government should nationalize ASAP the 2 major US automakers GM and Ford â and should let Chrysler die a quick death.
It is a very stupid idea even to consider the bailout of these 3 US automakers when you take in consideration that these 3 companies are bankrupt and for all practical purposes they are out of business. Today GM stock closed at $ 2.79 per share and the market cap was US$ 1.7 billion and Ford stock closed at $ 1.26 per share and the market cap was US$ 3 billion.
Instead of giving bailout money (grants) or loans to these companies the US government should invest US$ 12 billion in each company for 95 percent of the common shares of each company. After the US government bought these companies then these companies would be consolidated into one viable company.
*****
Before Congress go any further regarding the bailout of the 3 major US automakers every senator and congressmen should be required to watch the documentary Who killed the electric car?
In June 2007 I saw a very interesting documentary on television â Produced by filmmaker Chris Paine - Who killed the electric car? (2006)
This documentary is about the development of an electrical car by General Motors EV-1
An automobile that required no gas or oilâ¦.
The filmmaker also documented how GM and the major oil companies sabotaged the electric car project right from the beginning.
GM senior management still sabotaging the electric car today for example: I saw a program on CNN âOut of Oilâ which was broadcasted this past weekend and I believe that I had seen that program a few months ago.
On this program a CNN reporter interviews Bob Lutz â GMâs vice chairman for product development â and Mr. Lutz try to give the impression to the viewer that GM still having problems with its batteries for the electric cars and he even mention that GM likes to call when batteries catch on fire â he said GM refers to it as thermal events.
GM still wants to give the impression to the public that it is very dangerous to drive these cars because their batteries can have thermal events.
The documentary who killed the electric car? Show to the public how hard GM fought to destroy the electric car â and they even interview the owner of ovonic battery â a company that had developed a battery that increased the range of the EV-1 from 60 to 100 miles between charges and a much safer battery.
GM sold its 60 percent ownership in Ovonic Battery to Chevron Texaco for them to kill that improved battery project.
The car dealers also started giving GM a hard time about the electric car because that car needed very little maintenance when compared with a car that runs on a combustion engine. The dealers brought to the attention of GM that the regular car maintenance of regular combustion engine cars was a big chunk of their regular business.
It was very interesting the interview that they had with Mr. Stan Oshinsky and his wife, Dr. Iris Oshinsky, of Energy Conversion. Technologies â and how GM and the major oil companies buried all his discoveries regarding innovations on batteries for the electric car.
GM Ovonic was formed in 1994 between GM and Ovonic Battery to manufacture a new type of battery for the EV-1
When the day comes â the US government should allow GM to go bankrupt and go out of business â that is a corporation that is not worth saving it.
*****
In September 2007 The Record (One of the major newspapers in New Jersey) published an article that called my attention, the article was about a new type of battery that can be used on electric cars and with this new technology an ultracapacitor a motorist could plug it into any source of electricity and in for five minutes get a complete new charge and drive the vehicle about 500 miles before he needs a new ultracapacitor charge.
.
November 20, 2008
SouthAmerica: Last night The Charlie Rose Show was about the bailout of the 3 US automakers. Here is my posting at The Charlie Rose Show about what the US government should do about GM and Ford:
The US government should nationalize ASAP the 2 major US automakers GM and Ford â and should let Chrysler die a quick death.
It is a very stupid idea even to consider the bailout of these 3 US automakers when you take in consideration that these 3 companies are bankrupt and for all practical purposes they are out of business. Today GM stock closed at $ 2.79 per share and the market cap was US$ 1.7 billion and Ford stock closed at $ 1.26 per share and the market cap was US$ 3 billion.
Instead of giving bailout money (grants) or loans to these companies the US government should invest US$ 12 billion in each company for 95 percent of the common shares of each company. After the US government bought these companies then these companies would be consolidated into one viable company.
*****
Before Congress go any further regarding the bailout of the 3 major US automakers every senator and congressmen should be required to watch the documentary Who killed the electric car?
In June 2007 I saw a very interesting documentary on television â Produced by filmmaker Chris Paine - Who killed the electric car? (2006)
This documentary is about the development of an electrical car by General Motors EV-1
An automobile that required no gas or oilâ¦.
The filmmaker also documented how GM and the major oil companies sabotaged the electric car project right from the beginning.
GM senior management still sabotaging the electric car today for example: I saw a program on CNN âOut of Oilâ which was broadcasted this past weekend and I believe that I had seen that program a few months ago.
On this program a CNN reporter interviews Bob Lutz â GMâs vice chairman for product development â and Mr. Lutz try to give the impression to the viewer that GM still having problems with its batteries for the electric cars and he even mention that GM likes to call when batteries catch on fire â he said GM refers to it as thermal events.
GM still wants to give the impression to the public that it is very dangerous to drive these cars because their batteries can have thermal events.
The documentary who killed the electric car? Show to the public how hard GM fought to destroy the electric car â and they even interview the owner of ovonic battery â a company that had developed a battery that increased the range of the EV-1 from 60 to 100 miles between charges and a much safer battery.
GM sold its 60 percent ownership in Ovonic Battery to Chevron Texaco for them to kill that improved battery project.
The car dealers also started giving GM a hard time about the electric car because that car needed very little maintenance when compared with a car that runs on a combustion engine. The dealers brought to the attention of GM that the regular car maintenance of regular combustion engine cars was a big chunk of their regular business.
It was very interesting the interview that they had with Mr. Stan Oshinsky and his wife, Dr. Iris Oshinsky, of Energy Conversion. Technologies â and how GM and the major oil companies buried all his discoveries regarding innovations on batteries for the electric car.
GM Ovonic was formed in 1994 between GM and Ovonic Battery to manufacture a new type of battery for the EV-1
When the day comes â the US government should allow GM to go bankrupt and go out of business â that is a corporation that is not worth saving it.
*****
In September 2007 The Record (One of the major newspapers in New Jersey) published an article that called my attention, the article was about a new type of battery that can be used on electric cars and with this new technology an ultracapacitor a motorist could plug it into any source of electricity and in for five minutes get a complete new charge and drive the vehicle about 500 miles before he needs a new ultracapacitor charge.
.
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