should i buy some GM stock

[loopkiller 10+ year member]

I am not saying that I have any answers to the issues here in the US or for the Big 3. All I do know is that we no longer make many things here in the US. Cars were our last big manufacturing industry left. It seems like that ship will sail soon. I understand that Walmart prices are all you can afford, but that just perpetrates the cycle. It puts more and more US workers on the streets looking for work.

Basicaly this is my whole point. The US has become this place where everything is disposable. We buy the cheapest crap that last for a year or so then we toss it out and buy another one. We are the only society that I know that thinks this way. Why not buy better quality once and have it last longer? I don't know of anything made in China that is of better quality. I only know of things that are cheaper. If it costs a few bucks more to buy a better quality part made in the US, why not? Better yet, do without until you can afford it. Why settle for the low price crap? I admit, I have bought crap from Walmart myself before. I know that I have contributed to the problem. But I am now making a concerted effort to buy durable goods that are made to last, hopefully made in the US.

And I know that there are some contradictions in this post and I am not sure why that is. It seems like the US car companies were OK if their cars only lasted 3 years. That meant that you would be forced to buy a new one. But outside of the Big 3, it seems like other manufacturing industries in the US focus on quality and durability. I wonder why that is?

 

[kh971 10+ year member]

Then America should compete where it's core competancies are...and it's not sweatshop labor.

True, America does do that, but it does not employ the masses.

Face it America, has some of the best technology in the world, take healthcare, weapon systems and many others, but with goverment schooling and a lack of respect with our younger generation and a lack of wanting to suceed, manufacturing will be the only option for a majority of this country.

 

[Lugnutz 10+ year member]

True, America does do that, but it does not employ the masses.Face it America, has some of the best technology in the world, take healthcare, weapon systems and many others, but with goverment schooling and a lack of respect with our younger generation and a lack of wanting to suceed, manufacturing will be the only option for a majority of this country.

Not everybody is cut out to be college grads. Every society needs balance.

 

[kh971 10+ year member]

The US tax rates are high, but with the actual amount of taxes the companies pay, the US ranks as one of the lowest in actual taxes paid.

How do you know this, and how can you prove it to me? I know what my manufacturing company pays in quarterly.

 

[kh971 10+ year member]

Not everybody is cut out to be college grads. Every society needs balance.

Every town needs a drunk I guess:laugh:

 

[skydeaner 10+ year member]

yeah. buy some NOW!!!!! Before the reaper gets you.

 

[kh971 10+ year member]

There are better stock purchases out there like POT and MOS.

 

[Lugnutz 10+ year member]

How do you know this, and how can you prove it to me? I know what my manufacturing company pays in quarterly.

The US pays about 13% of profits in taxes which is lower then most developed countries.

http://www.cbpp.org/10-27-08tax.htm

http://www.reclaimdemocracy.org/corporate_welfare/real_tax_rates_plummet.php

 

[Lugnutz 10+ year member]

Every town needs a drunk I guess:laugh:

You need laborers. You can't just have a whole society of college grads. You still need labrorers to do, you know, the labor.

 

[snoopdan 5,000+ posts]

GM will get a limited bailout. You mark my words, the Obamathon gravy train is about to start rolln' on thru - FIRST STOP....Detroit.

 

[Lugnutz 10+ year member]

The government bailed out Chrysler in 1979, why can't they do the same for GM?

 

[snoopdan 5,000+ posts]

The government bailed out Chrysler in 1979, why can't they do the same for GM?

Because at that time, that was they only thing they were bailing out. Its not going to be real popular to bail out GM when there is billions of dollars of our money being shoved into the finanical markets to keep them afloat.

They'll still probably pull it off though.

 

[snoopdan 5,000+ posts]

The government bailed out Chrysler in 1979, why can't they do the same for GM?

Ya know, a secondary irony of that bailout was that Chrysler came up with the "minivan" after the bailout which saved its *** for years. I find it funny now that the same mechanism that saved the company then is whats killing them now. No one wants to buy a gas guzzling SUV, Minivan, or anything else that doesnt get 30 mpg.

 

[Lugnutz 10+ year member]

Why should they not bailout GM when they are bailing out the banks? Especially when the GM bailout pales in comparison to the financial bailout.

 

[Lugnutz 10+ year member]

Ya know, a secondary irony of that bailout was that Chrysler came up with the "minivan" after the bailout which saved its *** for years. I find it funny now that the same mechanism that saved the company then is whats killing them now. No one wants to buy a gas guzzling SUV, Minivan, or anything else that doesnt get 30 mpg.

i believe that was when they developed the K-cars or whatever they were.