eddie64

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  • Detroit's Biggest Failure: Losing the Youth Market
    We all have read all the things the Big 3 did wrong over the years. I'd like to challenge the readers, or even the companies themselves, to submit specific decisions that either GM, C or F made over the past 10 years that were correct and generated positive results. Discuss engineering, design, quality, reliability, proactive marketing, pricing,
    M& A, international growth, etc.

    I'm guessing the list won't be very long. Or it may not even be a list. And therein lies the reality of making the Big 3 viable, as their foreign competitors aren't standing still...........

    IMHO
    Dec 22 09:51 am |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Mark-to-Market accounting is behind all this financial collapse. It is the reason there is a liquidity crisis. And Mark-to-Market will continue to absorb all the money the FED & Treasury can print ......... into the ZILLIONS!!!!!!!!

    All the financial experts were on Kudlow last night, even ex-Fed Governors, and they agree..............yet this practice of descimating assets values is kept in tact.................o... purpose???????????

    Dec 17 08:20 am |Rating: +3 -1 |Link to Comment |View article
  • Almost Nothing Positive to Say About the Auto Industry
    Instead of speculating on "what's wrong in Detroit", why not simply focus on the successful auto manufactures IN AMERICA, WITH AMERICAN WORKERS????????? Well designed and engineered, high QC, fuel efficient and competively priced......... and oh yeah.......profitable!...
    Imitation is the greatest form of flattery................. but seems to be resisted "at all costs" when the "players" have a different AGENDA!!!!!!!!
    Dec 16 09:24 am |Rating: +4 -4 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    If I were Senator Corker, I would seriously consider ending wasting my time and energy in government. Trying to save peoiple from themselves is fruitless and filled with aggravations nobody needs.
    When America gets a real leader who gets things done, he/she is attacked as the problem. Americans don't deserve honest, results oriented leaders, as they show what they do to them...........

    America.........the country of the ENTITLED, UNDER-EDUCATED, DISHONEST, IMMORAL, POLARIZED, and FINANCIALLY STRAPPED.........
    What a wonderful future we have created for future generations??????
    PATHETIC!!!!!!!
    Dec 16 08:40 am |Rating: +3 -1 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    From what I saw on 60 Minutes last nite, coupled with the events of the past few months, I'd say THE FAT LADY is clearing her throat and very close TO SINGING!!!!!!!!!!
    I don't think there are enough printing presses, and currency quality paper, to cover all the lies we have been getting from our Business leaders & Politicians the past few years??????????
    Glen Beck commented last week on his radio show "We won't recognize America this time next year", and I'm understanding maybe what he sees that we don't realize just yet........
    SAD............VERY SAD!!!!!!!!!
    Dec 15 08:16 am |Rating: +2 -1 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Senator Corker just explained how 7 grueling hours of negotiations with all the stakeholders, all of whom agreed to make painful concessions, EXCEPT the UAW! All the UAW had to agree to was " A competitive wage to the foreign auto companies "anytime" in 2009".
    UAW REFUSED!!!!!!
    ANY competitive wage target, ANYTIME in 2009??????? NO! NO! NO!
    Would that be PETULENCE????? OBSTINANCE?????? .........................
    RUSSIAN ROULETTE??????????
    This type of intransigence has obviously worked with the weak kneed auto execs............will it work now????????????
    Dec 12 09:20 am |Rating: +9 0 |Link to Comment |View article
  • Let's Hope the Auto Bailout Has Failed for Good
    The Senate finally votes down a bad piece of legislation, which would have placed the taxpayer in the position of a new GM car buyer's first payment coupon!
    And the financial market collapses????? Investors actually want a 3 month bandaid --vs-- a real solution??????? I don't think so, but with the help of the hysterical financial media, some very cheap shares of FORD will be bought today by savvy investors with long pants!!!!!!!!
    IMHO
    Dec 12 08:28 am |Rating: +2 -3 |Link to Comment |View article
  • TARP, the Sequel: Auto Bailout
    Your friendly Congressmen are once again ignoring [defying] citizens wishes, and voting for another bottemless pit BAILOUT! Autos won't exceed TARP, at least not in 2009/10. But eventually the Business Model WILL FAIL @ GM & Chrysler...... UAW 1, TAXPAYERS 0

    Congressmen talk about the "taxpayers" as though we are something important, or relevant to them. Kinda like every Pro sports franchise tells us , "You're the greatest FANS in the world", as we PAY, PAY, PAY!!!!!!!

    Government BY THE PEOPLE, OF THE PEOPLE AND FOR THE PEOPLE........ What country are they referring to???????????

    Dec 11 08:28 am |Rating: +1 -1 |Link to Comment |View article
  • Detroit's Bailout Invites Competitive Response from Abroad
    GM & CHRYSLER:
    The GRAVE is dug, and it's only a matter of TIME & MONEY before the dirt is shoveled over the coffins. It is quite apparent that the UAW doesn't get it, and Exec's continue to display small gonnies! Dems in Congress are behoden to the Unions for over $450M in 2008 campaign financing......$53MM by the UAW. Their scare tactics of catastrophic consequences from a pre-packaged CH11 reorganization is BOGUS.
    Senator Corker has it exactly right, yet he is largely ignored as an annoying knat in Congress. UNLESS, and until the DEBT, LABOR and LEGACY COSTS are realigned, there is absolutely no way these companies can exist!
    I challenge anyone to explain how the cost of a REAL REORG will cost more than $125BB, which is where we are headed under the current legislation-----and the DIRT WILL STILL COVER THE COFFINS ......... only a few years later............
    Business as usual in DC!!!!!!!!!
    IMHO
    Dec 10 09:49 am |Rating: +1 -4 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    $15 BILLION HANDOFF:
    Auto makers get their lifeline from Republicans to Democratic administrations. Pure politics folks..........nothing more! Bush agrees so there is NO CH 11 on his watch..........His history has enough negatives?

    Cash burn will change little in the current drafts, unless the Jobs Bank is dismantled NOW, 2010 UAW agreement implemented NOW, Debt-to-Equity swap NOW, Unfunded liabilities swapped to 50% equity NOW, Plant closures W/O Job Buyouts AGREED NOW, Dealerships closed en masse W/O PENALTIES NOW, White collar salary REDUCTION 25% NOW, SG&A CUT 20% NOW, etc, etc................

    Get my drift????? I guess the Congress & Bush Administration believe that if they could PULL-THE-TARP over taxpayers, an Auto Bailout Bridge "TO NOWHERE" will be a slam dunk!!!!!!!!!!

    IMHO
    Dec 09 08:34 am |Rating: +1 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    AUTO BAILOUT: Ommissions in the draft legislation show just how inept a governmental oversight board will be in driving necessary changes now!
    [1] JOBS BANK "must end" by 3-31-09;
    [2] UAW 2010 AGREEMENT " must" be FAST FORWARDED to 3/31-09;
    [3] GM dealership agreements need to be rewritten;
    [4] Work Rules "known" to be non-productive eliminated -- NOW!!!!!!!
    [5] All management salaries "reduced" 25% -- NO BONUS' -- HIRING FREEZE;
    [6] Engineering & Quality Control REVAMPED;
    [7] Reinstitute FLEET LEASING & RENTAL CAR dist to move units;
    [8] Eliminate all sponsorship events --NOW!!!!!!!!
    [9] Replace all travel with Video Conferencing -- Conference calls -- tech;
    [10] Get rid of "at least" one level of VP's & Managements;
    [11] Cancel all corporate sponsored employee rewards events;
    ****** B-O-D's must be supplemented by Jack Welsh types!!!!!!!!!!!!
    Replace POLITICS with GOOD BUSINESS PRACTICES ---- NOW!!!!!!!

    IMHO
    Dec 08 08:25 am |Rating: +5 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    REAL SOLUTIONS for the economy --- still not considered:
    [1] Rescind Mark-to-Market accounting;
    [2] Rescind Sarbanes/Oxley;
    [3] Reinstate UPTICK RULE by SEC;
    NONE OF THESE COSTS A DIME!!!!!!!!!!

    But why do them CONGRESS IS SPENDING their way out of this mess...... Isn't that what CONGRESS' DO??????? Hey, Congress acts as though they have money.........too ignorant to even know that AMERICA IS BANKRUPT!!!!!!!!!!

    Being a MILLIONAIRE once meant something--a significant amount of money symbolizing wealth and success. NOW, being a BILLIONAIRE has replaced the peasants who only have a million. Heck, TRILLIONS is the new amount designate for REAL MONEY ------ IN AMERICA!!!!!!!!!!!

    After all, America is the strongest, richest, smartest, well educated, most productive, innovative, ethical and moral country in the history of the world.......... AREN'T WE?????????

    That's what we keep getting told............
    Dec 04 08:46 am |Rating: +2 -1 |Link to Comment |View article
  • Detroit Calling Washington's Bluff
    Campaign contributions of $53MM are behind what we're seeing play out in DC. The UAW knows if they can "promise" just enough to get a bridge loan for Big 3, that a BLANK CHECK is waiting after Jan 20!
    The taxpayers were duped by TReasury & Fed for over $700BB, so why wouldn't we expect to continue to be the object of our leaders disdain????
    It's called THE MUSHROOM THEORY-----ALIVE & WELL IN CONGRESS!!!!!
    IMHO
    Dec 03 08:11 am |Rating: +1 -1 |Link to Comment |View article
  • 'Big Three' Auto Makers Looking to Lose Weight
    On the eve of the most important meeting of the Big 3 & Congress, I have yet to read even ONE SOLID COMITTMENT as a reason for taxpayers loans. Promises---yes! Wish list --- yes! Need to do --- yes! Like to do ----yes! Want to do --- yes!

    Try going into a bank for a mortgage and telling the loan officer: I am going to improve my skills so I can demand a higher salary; I promise to destroy my credit cards; I won't eat out at restuarants anymore; No more unnecessary clothes and video games and cell phones, etc. No more travel and vacations for 3 years; yadda yadda yadda.............. Just give me the money!
    The only problem, the wife and children who make the spending decisions [UNIONS] aren't at the meeting at the bank, and never agreed to anything. NOBODY IS GOING TO MAKE THEM CHANGE!!!!!!!!!!!

    ANALOGY????????
    Dec 03 07:51 am |Rating: +1 0 |Link to Comment |View article
  • Buy, Sell or Hold: GM's Too-Big-to-Fail Myth
    I find it amazing, and very revealing, that the reorganization plans to be submitted to Congress today have ZERO participation from the UAW. It shows not onlu the intent of the UAW [unyielding], but the total ineptitude and weakness of the GM EXECS!!!!!!!!!
    If I were the Chairman of the Congressional conference, I would arrange to ask the first question about the UAW's participation. Given the honest answer, I would immediately ADJOURN THE MEETING...........
    IMHO
    Dec 02 09:35 am |Rating: +1 0 |Link to Comment |View article

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