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Battle Of The Streets: Main Vs Wall Resumes As UAW Announces Will Pull Funds From JP Morgan Chase
Seeing headlines that the United Auto workers says union will announce intention to withdraw funds from JP Morgan chase. Next up, Jamie Dimon blamed for 30 years of shitty-ass car production. Next next up, UAW to fire half its member in protest over receiving tens of billions of direct and indirect bailout funding from the JPM-Obama complex.
The monster below is all JPM's fault...
More as we get it.
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credit and debit card systems down nationwide
Testing... 1... 2... 3...
Yep, works great.
ROFLMAO!
http://finance.yahoo.com/tech-ticker/wall-street%27s-celluloid-heroes-br...
LaBeouf tells Tech Ticker he was trading every day and everywhere, even on his cell phone.
"Went to George Soros' house for dinners. Hung out with Donald Trump and talked about real estate," he says. "I'd hang out with Jim Chanos. Nouriel Roubini was like my closest friend through all of this."
If you think that is impressive, LaBeouf has substantially grown his $20,000 original investment.
"I started at 20, I am at 650 today," he says.
No, not $65. He means $650,000!
This is how the market works, if you know the right people a hot tip from Chanos or Trump can make you a millionaire in weeks
Good for UAW. Putting their $ where their mouth is...
However, isn't it a bit hypocritical? Didn't they get a huge bailout from Uncle Sam too?
But at least the UAW makes something tangible, unlike JPM.
Also, the UAW/GM doesn't pay their workers six figures.
so only those that produce tangible goods are worthwhile in your humble opinion?
guess the doctors and computer programmers will be upset to hear that, just to name the first 2 that came to mind.
Farmers have been extorting subsidies for decades, massive, massive amounts.
They are the real thieves.
LOL, no dumbfuck, traders create more value than manufacturing for an economy. Everyone knows that. That's why all the world's emerging economies are based on trading paper back and forth instead of slamming a shovel into the ground and producing some TANGIBLE of value.
Jesus Christ, you truly are a shit eating moron.
You could have avoided the junks by rephrasing:
Wall Street is compensated by extracting value from the system.
Main Street is compensated by adding value to the system.
"Every parasite needs a good host."
Well stated
Junks from "VW Bug" and gang aren't really on my things-to-worry-about list.
funny, i think a moron is someone who can't think beyond the most simplistic level: 'if i can't see it or touch it (or understand it) it can't be worth anything.'
no wonder the auto industry is in such dire straits, they employ simple minded people.
in any case, it isn't for you to decide, markets, if left free from government bailouts and subsidies, will determine the value of someone.
I'm all for free markets, are you?
didn't think so...and it's obvious why not.
uhh yeah, right, you really think americans would be better off earning $1 a day shovelling dirt like a chinese peasant.
Funny, even the chinese peasant is smart enough to want to live in a developed country where there is enough capital that machines do the work for them and leave men to use their BRAINS to create wealth.
Don't worry, i don't expect you to ever understand it. Which is the real reason china will win in the end.
Education standards in the US must be worse than i even imagined.
The education standard are so bad here that the Universities have to put quota limits on the amount of foreigners clawing to get it.
Yea, it's awful.
http://www.usnews.com/articles/education/worlds-best-universities/2010/09/21/worlds-best-universities-top-400-.html
like i said, every chinese peasant admires the developed world, wants to study here to learn how to not have to live digging ditches and assembling stuff, and yet you want to return the US to the third world economy.
whatever, you'll probably get your wish. Your children can work assembly lines and the chinese will run technology and the financial world.
I've been there many times. You haven't. You have no clue what you are talking about. But, that never seems to stop you. It's the european ignorance in you. I hold no grudge for the handicapped.
wow, you know my entire travel history? amazing...
I used china as an example, rather than naming every emerging economy in the world (or just the 10 or so i have lived in and visited over the past 30 years).
Pretty clear you have never lived in one of these countires, as i have, for 6 years in one case alone, or you might have gotten to know some of the working poor.
These people dream of the american lifestyle.
Books have been written about it as well, guess you missed those.
Want to see an economy where people make 'stuff' using manual labour? Try visiting Bolivia or Peru. Not many 'frivolous service jobs' there.
These people have an extremely hard time getting visas to canada or the USA.
Yet you want to emulate their economies.
Really smart.
No, I just know you're a fuckwad. Everything else is just easy to surmise.
You may want to think this one through a little better. In most cases, government subsidies enable/cause farmers to sell their goods at a price below the cost of production, with the subsidy making up the loss. By keeping food prices artificially low, it is the consumers that are being subsidized, not the farmers. The interesting question you should be asking is why our government does this?
What? You mean farmers aren't filthy rich from the 'dole'? I've always considered them to be the ruling elite.
i can believe farms are shitholes where you live, but where i am (southern ontario) farms have all the latest modern gear, sprawling mansions, 3 or 4 SUV's in the half mile long driveway.
I know one smallish apple farmer who made $800,000 last year. He decided to open a trendy restaurant on college street.
so i guess producing 'stuff' works for some people.
LOL...my god. Hopeless. AND I'M "simple minded".
Or not.
Yea, that's representative of farmers across the nation.
Hey, I once heard of this bus boy that bought a scratch off lottery ticket and won $750,000. Can you believe that? Unreal.
your analogy is about as good as any of your reasoning.
So you think farmers and auto companies deserve subsidies because they make 'stuff', but no one else does.
I'll stand by my belief in no subsidies even if it would benefit me personally.
At least the difference between us is crystal clear.
I think ANY industries that creates actual wealth should be guarded. I thought I made that clear...ah, forget it. Go eat a bag of shit.
(S)he is Canadian.
http://www.voxeu.org/index.php?q=node/3023
No, VWbug (or is that butt plug??), it's because JP Morgan Chase has structured a ton of loans with private equity firms, who are invested in by union pension funds, which then use those investments to create their leveraged buyout funds, which they then use to destroy companies and union jobs (as well as other types of employment).
Understand at last????
I know the answer to that question.
i understand perfectly.
subsidies,handouts, bailouts, protectionism for you and your friends, but for everyone else they are evil.
like i said, the difference between us is crystal clear.
You don't have a problem being a hypocrite, i do.
+1
If by "farmers", you mean Archer-Daniels-Midland, then yes, "farmers" do NOT deserve any subsidies. Did you know that Rockefeller gets a farm subsidy for his "farm" in Manhattan?
how many times to i have to say it?
RICH farmers get billions in subsidies year after year.
I am opposed to any and all subsidies.
Even those that might benefit me personally, shocking huh?
It's called integrity.
Now go ahead and list $1 trillion of reasons why YOU and YOUR particular industry deserves subsidies, while no one else does.
Blatant hypocrisy.
@VW: Yep, I junked you. I confess.
I've read this particular rant on other articles on ZH and have already produced my counterpoint then.
'Nuff said.
do you really think anyone gives a FF?
Withdraw which funds? Investment funds or there operating funds?
Not nice to fuck with the next Secretary of Treasure.
It must be some sort of turf war, like when the crips rub out 2 bloods who use a phone booth on their sidewalk...
shitty-ass car production?...... No shitty-ass idealism-usury sent American" Car production" to Americas former foes.
Ah.... the Pontiac Aztek, the result of a committee of jackasses working on the next great American horse SUV thingy it.
I'll never forget the first time I saw this vehicle. It was on TV during an episode of "Survivor". Someone just won a "round" of silly made for TV games and was awarded a "car". His blindfold was removed and behold, his first sight was of the Aztek. The look on his face was priceless and burned into my memory. I knew projectile vomiting was just around the corner.
"WTF is that?" was clearly written across his face. The camera lingered for a few minutes as he opened the doors and looked inside, obviously befuddled and confused. "I thought they said I won a car." The rest of his team also examined the "car". Their faces were also priceless and I could read a few of their thoughts.
"You've got to be kidding, right? What is this piece of crap?"
"And to think you're going to pay taxes on this piece of shit."
"Thank God I lost this round."
"One can only hope there's a cash instead of the car option."
http://en.wikipedia.org/wiki/Pontiac_Aztek
Styling was clearly a bomb. Unfortunately for your arguement, the actual vehicle was reliable and recieved favorable reviews. They are still sought after for thier versatility and reliability.
Ugly doesn't equal shitty. But, hey, why stop the GM bashing?
Oh, and the Big 3 are now getting better ratings than the Japs across the board by virtually every reputable review.
Let's focus on a vehicle several generations old. That makes sense.
Exactly... the problem GM got was the first oil embargo. That gig let the Japanese and european tin can cars , built for tiny nation, Island uses a chance to enter the big highway ... America. This all the while the US financial ponzi makers were gearing up .
My comment was entirely focused upon the "bomb" styling. I never said the car was mechanically unsound nor did I make that argument. I talked about the first impressions of "Survivor" contestants, of which I agreed with.
It appears you have combined other comments into mine and then drawn unsupported conclusions.
The styling was AWFUL, of course. But, come on, GM isn't the only producer to have god awful looking vehicles or product ideas.
- New Coke
- 5 blade razors (I mean...really?)
- VW "Thing"
- Nissan Cube
etc, etc, etc...
When someone says "shitty built" I equate that to quality and not styling.
Then like I said, you're arriving at unsupported conclusions with regard to my post because I never said that. Go reread my post.
hey i'll say it, american cars are shit. And this is coming from a kid whose dream car was a 69 mustang.
That was the last american car i ever bought, or ever will.
After 4 years of canadian winter american cars look like shit, rusted all to hell.
And the design...I mean come on...what are those other ugly POSs chrysler retro looking things..jeeeesus...i can't believe anyone ever bought one. What the hell was Daimler thinking?
I figure the next GM/Chrysler bailout will be in less than 5 years.
(at least Ford seems to have some competent people there...still would never buy their cars though)
Japanese and german, the only way to go.
Your qualifications as a 'floor trader' are impressive with respect to automotive technology and reliability standards. Just for a moment, I thought you were going to write something ill-informed, ignorant, and baseless.
Yes, but GM for years employed Maria n.V. Whitman, who is on the NBER who claims their recession is OVER!
Talk about unsupported conclusions! I wasn't responding to you're view.
Nor I to you.
Maybe you don't understand how this blog works. A person's comment directly under you is not responding to you. They are responding the the person who is slightly to the left and above him and you. I was responding to Boilermaker. But I can understand how you would think everything is a response to you.
But I can understand how you would think everything is a response to you. Another unsupported conclusion. Now can we move on... please.
I didn't even post here today, but then I come here and see you saying this about me. What gives you the right to step in with calling my conclusion unsupported? How did you even know what my conclusion is without me saying a word?
*humor off*
Everyone is a little fired up today... Is it the full moon?
Yes. And the firing up started around Monday.
Musical Interlude, or Just Hum Along to Whatever Shows Up.
Hopefully, a True Story. Or Based on a True Event. Or Reality Telly. Whatever;
Guy gets divorced from his wife who he'd grown to absolutely detest, and as part of the settlement, the court ordered him to provide her with a new car of at least some specified value certain.
He bought her a yellow Aztec.
'Nuff said about the Best Selling Pontiac of About 3 Nano-Seconds.
It was ahead of its time, you can live in it.
Form follows function.
Wasn't there a tent that attached to the back so you could campout under the stars in your suv?
Yes, which is the demographic it was intedend for. It was supposed to be a niche vehicle and not a bread-and-butter car. It was never meant to be a Ford Taurus.
Corvair
Aztek. Ugh.
Damn thing looks like a Honda trying to hatch a minivan.
It's like a bad TV show. Next thing you know, UAW will ask to be paid those funds in silver. Now that would be funny.
god, wouldn't that be great? I mean, Jamie has the media under his thumb, so the entire silver situation is happening beyond the radar......it would be great if someone started demanding their payment from JPM in silver.
that would blow the covers off.
Wait! Are you saying it isn't common knowledge that JPM is short a gazillion more ounces of silver than exists? At least in the financial/trading/government circles, they know, right? How the eff can you miss that?
2010Q4 is going to be a wild ride. Pass the popcorn please.
Pontiac dealers were instructed by GM to park their Aztecs 'in back lots, away from public view'
i believe it. That is one fugly vehicle..
imagine if they start a trade war and keep the japs and germans out what we'd be driving...the horror...
Looks tens times better than that boxy "Scion." I call it a tennis shoe on wheels!
Bullshit. Dealers are not instructed by the OEMs to do anything in the way of presentation of vehicles.
Ughhh, I just love a good lie presented as fact.
yeah but you believe hundreds of thousands of financial service employees are involved in a huge conspiracy to manipulate markets...
too funny!
No, I believe there are a handful of financial service titans that have bitches like you do their bidding for them.
You were a waterboy.
there were hundreds of other traders (just at my firm alone of course, not counting the tens of thousands of firms worldwide), all of whom i knew on a first name basis.
Not one was given direction from above. Some VP's and EVP's did come to us and place their own trades and had their own p&l, which more often than not was a huge loss. We used management as a contrary indicator.
Sort of how i use your opinions as a contrary indicator of reality.
It certainly is cute that you have a high opinion of what was a grunt job. Whatever gets you through the night, I guess.
Then I'd strongly recommend Wikipedia, the world's greatest collection of made-up facts
Maybe the UAW will start its own company and become self-sustaining. Or not.
That is one righteous looking Pontiac Aztek. Whatever group of individuals responsible for that monstrosity should never be allow to design another product during their lifetimes. However, most likely they were promoted and given a raise as part of the “atta boy” job well done reward.
Shouldn't we applaud them for doing the right thing, rather than bashing them for things they haven't done yet?
Applaud this:
http://www.ridelust.com/wp-content/uploads/2001_pontiac_aztek.jpg
It has the exterior trim package! Hard to believe you had to pay more to make it look worse.
Ah, yes, the Aztec. I think it was Bob Lutz who said (paraphrasing) " The Aztec is the perfect example of a car that was designed in the boardroom. Limited experience with design, and no clue what the market wanted." A real beauty, if you ask me. I especially loved the optional tent that hung out of the trunk. Nice!
They can all burn in a Chevy Vega as far as I am concerned
"They can all burn in a Chevy Vega as far as I am concerned"
With that kind of statement, you must have owned one. the Vega was another crown jewel for GM. Except for the aluminum engine block, of course.
How about the time GM slipped some Chevrolet engines into Oldsmobiles? That ended well.
How can anyone forget Cadillac's 8-6-4 computer-controlled engine experiment?
The computer was supposed to turn off engine cylinders when the traffic conditions warranted it. One owner said: "Yeah, I believe it's computer-controlled -- it's knows exactly the worst time to quit working completely!"
I had a friend who had one. He was constantly working on it. Then the engine caught fire. They replaced it and it caught fire again.
That was the beginning of the end.
My father owned a 1961 Impala. That was a beauty.
I also owned a Vega as a young man. They replaced the engine three times, once under the "regular" warranty and twice under a secret unpublished extended engine warranty that they would honor if you hired an attorney or conducted a hunger strike on the showroom floor, which I threatened to do. I even brought a sleeping bag and a cooler of water to prove I was serious.
It took about a half hour before the factory rep returned the managers frantic phone call and I was promised the second (and eventually the third) engine. It was also my first effort at public activism. I had called the local newspaper in advance and they were waiting for me. Thank you Chevy.
I sold it to the next greater fool before the engine blew a fourth time.
HAHA! My mother called the local news channel when her Vega shit the bed - for the 3rd time. I remember the reporter - checkered pants, short sleeved polyester shirt. She got it fixed, and sold it. fwiw - the Vega became a mainstay at the local drag strips. Different motor, but apparently, the "station wagon" design gave that all important edge. I'm sure the ZH crew is fascinated by this little factoid.
Or the 350 gas engine GM thought would make a good diesel, piece of junk.
When you traded the auto in the diesel option had a 2500 dollar NADA deduction.
And all of this has what to do with the 2011 Malibu?
Aside from the fact that the 2011 Malibu is a "neutered man" car, nothing. This coming from a guy who chooses to drive a Jetta wagon with a baby seat in the back - real chick magnet.
Yea, it's no rip-snorting masculine Camry.
Boilermaker, I respect you for defending your business, but you go too far. These guys are just having fun and you can not deny that GM...ahem...went in the wrong direction for awhile. Perhaps they are building a better car now (I had faith that the high end cars were still built well and bought one) but with all the money poured into the company and the screwed up way that it went through bankruptcy, favoring the unions over the bondholders, you guys still have a PR problem and arguing is not the best way to change that.
Of course they went to far in the wrong direction for too long. So did the banks, so did the airlines, so did the goverments (city, state, and federal), so did individuals, so did....everything and everyone.
PR problems aside, I don't think it's reasonable to proclaim they are still building "shitty" products. There isn't one reputable industry expert agreeing with that layman opinion. Period.
With all due respect, the industry "experts" aren't the ones who will determine the success of the company. That would be the consumers and the investors. Those are the guys you are having a conversation with here.
I agree totally, which is why the ill informed customer is normally wrong and / or living 30 years in the past. What's disturbing, in my opinion, is the sense of bizarre satisfaction people seem to derive from cheerleading the away team. I don't care if someone buys a foreign car but it's the refusal to actual consider a US car based on a Chevy Vega that's infuriating.
Again, I'm aware that the discussion of cars is a passionate discussion. Most people, though, don't have ANY clue what they are talking about. For years, they pointed toward the reviews from industy experts as to why they purchased foreign vehicles. Now that the tables have turned, those same experts are nimwits.
Why in the hell any American would be cheering the death of the Big 3 and surrender a HUGE market to foreign competitors (WHILE they are trying to repay the public) is simply well beyond my ability to comprehend.
I feel your pain. But, like most things, it takes time to rebuild the image. The automakers rode the patriotic "buy American" movement into the dirt by not building good cars. Now things are global and while many are still patriotic, past mistakes by the industry don't guarantee that the those buyers will return immediately on the promise that everything is better now. I believe that it will take a successful IPO and longer term track record of dependibility and resale value before public opinion changes. In the meantime, the best you guys can do is try to improve every day and have patience. If you do it right, it will work out.
The wife and I have had nothing but good luck with Chrysler vehicles: I own a 1990 Dodge Dakota pickup and the wife is currently driving a 2008 Jeep Grand Cherokee.
GM is coming to market with some good products. The one's that I look at are - Cadillac (cts), Chevy (vette, heavy duty p-up's), GMC (mid size SUV's), Buick ( a few models, car/suv).
I'm sure their are more, but these are the products I look at - and would buy.
And the banksters went in the right direction? Supporting the offshoring of America? Creating the largest Ponzi scheme in human history? Peddling over $2 quadrillion of securitized debt instruments?
All those debt-financed billionaires and trillionaires can't be wrong, huh????
Yes, they can.....
Way to make your point by changing the topic. There are a lot of well run companies that did not get caught up in bad bussiness, corruption, and greed. To excuse the automakers because others did it is stuff third-graders do. Are you sure you really want to make that argument?
A little off-topic, but an excerpt below from the "China/currency" article in Bloomberg this AM. Check out the NAMES that are still running the show. What the FUCK??
Economic Imbalance
The economic imbalance China is facing is “hardly avoidable in any country’s development,” Wen said yesterday, adding that China’s trade surplus as a percentage of its economy has been declining in recent years, and that both his country and the U.S. must reject trade protectionism.
Yesterday’s meeting also included PepsiCo Inc. Chief Executive Officer Indra Nooyi and two former Treasury secretaries, Henry Paulson and Robert Rubin. Former Secretary of State Henry Kissinger, who helped re-establish diplomatic ties between China and the U.S. under President Richard Nixon, was the moderator.
Paulson, Rubin, Kissinger.....who's running this fuckin country?
i caught that too steve. the more things CHANGE, the more they stay....
Chicoms talk a good story, real tough....but once America folds China will melt along with the rest of the old utopian morons, as for who runs America ... Zionist ...Skull and Bones.
"..who's running this fuckin country?"
Well, since you asked: The Trilateral Commission, the Peterson Institute, the Bretton Woods Committee, the Group of Thirty and the Council on Foreign Relations are the usual suspects fronting for the financial-intelligence complex which has long run this country.
Next question?
And Google "American Friends of Bilderberg, Inc." sometime. Very instructive tax forms and returns.
And David Rockefeller is worth far more than Bill Gates, regardless of that propaganda rag known as Forbes!
How did the UAW design that car or its production methods? Didn't know management and engineers are union.
What?
Nice image choice. lolol
Aztec, Bitchez!
When I was at Clemson about 10 years ago, our marketing professor had us attempt to market the Aztek....It wasn't easy.
http://townhall.com/columnists/MichelleMalkin/2010/09/22/the_delphi_disa...Second to the Aztec in terms of ugliness surely has to be the Chris Bangle BMW disaster.
Chris Bangle = "Flame Surfacing." Fugly!
http://en.wikipedia.org/wiki/Chris_Bangle
OT, but too good:
What Netflix CEO hopes U.S. won't notice
Reporter: Are you concerned that American Netflix subscribers will look north and ask for the same discount Canadians get at $7.99?
Netflix CEO Hastings: How much has it been your experience that Americans follow what happens in the world? It's something we'll monitor, but Americans are somewhat self-absorbed.
hahaha that really did make me lol
they should just tell 'em the loonie is worth less than the USD, therefore the price is lower in canada, i'm sure most would buy that! lol
Yeah, or like when europeans pay $20/mo for cell service instead of $100. He's absolutely correct.
Maybe he is correct, if not politically correct. I'm looking at NFLX right now and so far, so good. 162.88 +5.95
Maximize your shareholder's wealth Netflix. That's why you exist.
If Jamie Dimon is the next treasury secretary it will be because he is cashing out and is allowed to sell his entire fucking position (and is required to do so) WITHOUT paying any tax because he is entering public service. What is it going to take for America to get it???!
I'm confused. Who is the mafia supporting here?
Wall Street vs Main Street? Not IMO.
GM sits on the corner of Hope & Change Blvd and Corrupt American Union Road. It's a shitty part of town. Don't go anywhere near it.
Of course, JD Powers ranks the Big 3 cars as superior now. http://businesscenter.jdpower.com/news/pressrelease.aspx?ID=2009108
Oh, so does US News and World Reports http://usnews.rankingsandreviews.com/cars-trucks/reliable-american-cars/
And, so does MotorTrend, and Car and Driver, and Consumer Reports, and...
But, let's talk about the Corvair!
There's nothing to bring out the ill-informed idiots like a discussion about cars.
Thanks for that, hypocrite. The JDPower survey said the US brands have improved initial quality 2% better than foreign. I see nothing there that talks about superiority. Top 5:
Lexus
Porsche
Cadillac
Hyundai
Honda
Of the 22 awards, 15 went to foreign cars.
At least give us a factual argument. You bash other people for being ill-informed and proceed to link an article you apparently didn't even read....thanks.
So, in other words, you don't understand segments. Unless you think that a Hyundai is just slightly less reliable than a Cadillac. Don't worry, JD Powers is kind of cryptic like that.
Maybe this JDPowers link is easier to comprehend...http://businesscenter.jdpower.com/news/pressrelease.aspx?ID=2010099
Do you prefer businessweek? Or is that a biased pinko commie rag?
http://www.businessweek.com/autos/autobeat/archives/2010/04/detroits_opportune_moment_american_cars_are_better_than_asian_cars_americans_say.html
Nice, you link to a survey of 1000 American consumers taken during the Toyota recalls.
And according to JD Power, Hyundai is slightly less reliable than Cadillac, based on problems per 100 cars. It wasn't cryptic at all.
If it wasn't cryptic to you then it was certainly misunderstood. Cadillac is not competing with Hyundai buyers.
And, I get it, you drive a Jap car and love it and think you've made a wise purchase and are prepared to defend it to the death. I'm sure you believe that Toyota was falsely persecuted to boost GM and Chrysler...right? Right?
lucky for cadillac
AND
I see more of the same in 2010, based on initial quality in terms of overall brands problems per 100 cars. The segment awards are again mostly in favor of import, though I recognize Ford is making a marked improvement. I'm glad for them, being an American living in Michigan.
I drive a Lexus and a Subaru. I'm looking at buying a Ford this winter and so far have liked the ones I've driven. I'll compare and make a decision. I have a highway commute so I'm sort of leaning towards a Fiesta for that, given its superior gas mileage compared to its peers. You'll find something to insult me about, so I'm looking forward to it.
Nope, no insults. I was right and that was the point. I also live here in the metro area (Troy) and obviously work in the industry and have for a long time. I do not appreciate the UAW and am not at all happy with the state of the industry or the community. That said, it doesn't have a damn thing to do with the quality of the cars sitting in the show rooms.
The quality is equivalent. It needs to be a fair fight and I think the Big 3 have done a remarkable job (to hell with the executives and bad apples in the UAW) to produce really really great cars. To have people continue this senseless beat down of the Big 3 (and of course all the suppliers, dealers, etc that support them) is retarded and, obviously, not helpful to the overall economy.
So, overall, are domestic built cars now superior to foreign makes or not, according to JD Powers?
On the basis of all import averaged together vs. all domestic, they are currently 1 pp100 cars better. A truly "superior" statistic =)
I'm just sick of the "continue to buy foreign and put me out of a job" crap. If for the first time EVER, in 2010, domestic cars rank one problem per 100 cars better than foreign, how can people argue that people screwed them over by buying foreign for all these years? Not accusing you of anything, but it annoys the crap out of me.
Best wishes to you in Troy. Hopefully we start to get this state turned around....
i didn't read the report, as i am not really in the market for a car, but seriously i just don't like the styling of american cars, and i have had a lexus for many years and i swear by it.
my family tend to all drive american (fords, buicks) and i see how their vehicles look like hell after 4 years, dunno why, but they do.
if i was going to buy a new vehicle, it'd be a toyota FJ, i just like the look, and i trust toyota (see, i don't by the MSM bs).
If i had extra $$ I'd look at an Audi, although i saw a new nissan that looked very cool.
i appreciate the reliability and all that, but they all seem pretty good these days, so i go for the styling, and so do most people, even if they don't admit it.
As far as styling goes, the new Fords look pretty damn good.
Agreed. The new Grand Cherokee and Buick LaCrosse are killer too.
http://www.youtube.com/watch?v=1uIBL_ei5VM
http://www.youtube.com/watch?v=_lzU2M48QDM&feature=related
my nephew wants the new mustang...i told him i like it although i don't know much about it.
pretty sure he has his heart set on it, so i don't want to be negative about it. Hell, it really might be a good car, and anyway, it's hardly a life changing decision.
but if he wanted an aztek i'd sure tell him! lol
I assume this crowd is fairly educated, but the bailouts of auto and financial were very different. New management, debt holders too haircuts, and the industry got restructured. With banks almost no damage to investors (stock holders)
the statements that appear here have more of an ideaological bent and I hate that. Detroit failed for multiple reasons. A big protion of that has do do witht he fact that our government has no long term industrial strategy.
I think every american should be moving their money out of the big money center bans as in the move your money campaign of the Huffington post.
Gm's survival also doesn't mean turning the entire caapitialist system on it's head like we are doing with the financial system. endless free money from the discount window, ensured inflationary policies of the federal reserve and enough lobby money to be immune from presecution or appropriate fines for miss behavior.
Please.
Oh, you mean the facts of the matter are relevant?
And, as if it's in the best interest to liquidate our entire ability to mobilize for war. Give me a fucking break.
"I assume this crowd is fairly educated.."
Never assume!!!!!!!!!!!
Otherwise, your comments are highly intelligent and well-informed.
How about this for a strategy: "Stay the fsck out of EVERY market!"
Make no mistake, the Govt COULD fix the outsourcing of the manufacturing base, by penalizing companies that do so. Just what is the strategy involved here?
I am surprised that no one has mentioned this. Remember the whole GM bailout?
One of the biggest bondholders (i.e. the losers) was JP Morgan Chase. The UAW who got something for nothing (but votes) and JPM have been at it behind closed doors for years.
UAW is just flexing to keep JPM and other banks in line when GM goes bankrupt again.
F$$$ JPM AND F$$$ THE UAW!!!
i find it wan that we as a nation are willing to put 100's of billions into wars that while certainly helpful of a few manufactures and obviously the debt creators (as well as attritting a couple of thousand dead enders) that we as a nation when given the opportunity through no fault of us the taxpayer to actually take hold of the world's largest and most economically significant technology company outside of the government itself can't find a way to make it work other than to "return it to the Wall Street." One need only ask Bill Ford himself about "what the relationhsip between the auto industry and Wall Street" is like in order to understand what an opportunity cost can be lost when we simply accept failure of fundamental institutions as an ultimate good at the Federal level. GM may resuurect its "icon" status but only a fool would fail to see how no matter the IPO the idea that "we'll be sellin' 18 million cars a year" for...well...ever?...is simply not going to happen. Needless to say "our Federal Government has never been so rich."
Note to the UAW: They are JP Morgan and you aren't.
http://www.youtube.com/watch?v=VaVPASJmeMU
Hey, I really thought that thing was a brandnew model!
Must have missed this one being overseas.
It spontaneously reminds me of a Prius tail, with an X5 middle body, and a never seen before front part.
Bank run IMO. Who else has better procedures for stealing people's homes that really belong to Freddie and Fanny? You hav eto put that money somewhere.
Where are they going to go, Citi?
breeheehee!
This doesn't help the image of the automakers.
http://hotair.com/archives/2010/09/23/video-chrysler-workers-drinking-to...
Un-Fucking-Believable...
...that they didn't beat the crap out of that reporter.
You realize that there are literally thousands of employees that work there. It's the largest facility that Chrysler has. They've also been fired and rightfully so. It ain't the 70s and nobody is tolerating that shit anymore, period.
It's a good thing the unionized Germans would never do that.
Do German assembly droids dream of electric bier?
They use just as much human labor as we do. Both the domestics and European makes use a fair amount of robotics in some operations (welds, painting, etc).
it's ok, they do manual labour, we should subsidize them!
I own an equipment repair company, have technicians in the field driving all over a 200 mile area every day (...don't know if we qualify for a subsidy, since we don't make stuff, but we do fix the stuff once it breaks). Over the years I have always tried to buy american. Had Chevy vans, Ford Vans, GMC pick-up with cabs, and Chevy and Ford box trucks. I cannot tell you the number of breakdowns we had with failed waterpumps (less than 75K miles), Alternators, starters, etc. Even had one blown piston at 90K. Ok, my technicans beat the heck out of the vehicles, so, I thought it was par for the course.
Then came the Sprinter van, out of Germany. We bought the first few from Frieghtliner and then Dodge. THese things are great. Efficient, well designed, Diesel engine (FINALLY - good gas milage on a full sized van). I slowly replaced all of my Chey, GMC vehiles with the Sprinter line. I'm now replacing our pickups with the Ford Transit and Toyota Tundras. The Tundra's are great!!! Have several with over 100K, NO ISSUES. This Transit looks promising, but the thing isn't built here and still NO DIESEL!!!
I really tried to give the US automakers a shot, but, sorry to say, at least in the truck/van classes I use, the Europeans and Japanese are doing a better job....
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