Ford Workers Reject Contract changes

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Get back to me when GM is gone, as it will be on the current path.
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Again, you are so dumb.
Toyota with a much smaller debt say looses blood terms like a mosquito bite.
GM in so much debt it is not fathonable, in blood terms is a person cut right through the neck jugulars and all, like a gusher.
And the effects will be the same.
Mike Hunter wrote:

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Once aging you have chosen to comment on a subject of which you obviously have little of no knowledge.
As long as one can service their debt, it is not a problem. One may have a $100,000 or $100,000 000 mortgage, but one does not have a "DEBT" problem as long as you can easily pay the monthly cost of amortizing the mortgage, dummy.
The difference between the NEW GM and Toyota is, GM must pay back the money they received from its government with interest, as well as pay US Corporate Tax on the profits it earns in the US, and Toyota does not need to pay back the money it gets from its government.
In adding Toyota will continue to get money from the Japanese government, as it has ever since WWII, as long as it brings back the US Corporate Tax free profits it earns in the US, to Japan
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Just wish I could short the GM stock. But it would be like shorting the government. Can you short the government? I wish I could.
GM is losing money, losing market share, losing customer faith, losing brand image by being a giant welcher and leach on society.
So how long do you think GM will be around? Tell this group, how long? Because I plan on holding your sorry ass to it. For 15 days after GM goes belly up for the last time, I want to post your response.
As this is the second time, you said last year GM wasn't going bankrupt, well it did.
Well it is going to really go banktupt in the next 4 to 40 months. Obama is having to take a good hard look right about now on what parts of America are worth saving. And I doubt GM tops the list this time.
Mike Hunter wrote:

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DUH As I said once aging you have chosen to comment on a subject of which you obviously have little of no knowledge.
There are no GM shares to buy today, dummy. Regardless of you personal opinion, as long as GM can service their debt it is not a problem, and the NEW GM is not having any problem doing so thus far.
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As one would suspect, you do not know what you are talking about, again. The USW were taking cuts since 1985, years or more before the US government forced the steel companies out of business..

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Mike Hunter wrote:

The US governemnt didn't force any steel company out of business. Crappy corporate management, corrupt old boys club boards and militant unions drove them into the ground.
Because while everyone was blood sucking the companies in question, the foreigners were building modern more efficient steel making plants and blew he US out of the water. They could make it faster, better, cheaper and just crushed the larders. There was even a point were US makers couldn't make what the market wanted because their plant and equipment was far too old. They could raise the salaries and they were paying big bonuses and big salaries but were not making money.
So down they went. No loss, didn't cost the US taxpayer like GM is costing them.
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You obviously do not know much about the subjects on which you choose to comment do you? Indeed counties like Germany, India and China have steel mills that are more modern than most in the US. The American taxpayer built them in those countries for them after WWII under the Marshal Plan, dummy.
In the mean time US steel companies had to settle with the mills they built after WWI because of the overly restrictive and burdensome EPA regulations were eating up most of their capital to clean up the WW1 equipment they were using. Bethlehem Steel Company alone spent a half BILLON dollars in 1974, on non-productive equipment required by the EPA. That wasted money caused BSCO a delay of ten years in building its first BOF.
As with automobiles, if the government had allowed enough time to install the newer BOF furnaces and Continuous caster that were developed in the US, rather than setting days certain to meet the regulations, they could easily have competed with the government subsidized foreign companies.
As it was the BOF furnaces and Continuous Caster technology was sold off to foreign manufactures to get the capital they need to try to clean up 75 year old technology. As with autos, if the government had allowed the engineering to catch up the technology we would have had the safe fuel efficient vehicles we have today, ten to fifteen year sooner, as well as the clean more efficient ways to make steel, dummy

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Mike Hunter wrote:

Of course they do. I said so too jack ass.
Trouble was US management was too busy pandering to unions and their own corruption, they forgot to re-invest in their own companies. And NA unions don't give a rats dead ass about the companies they work for. The company is just for what they can milk out of it, just like management.

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They forgot to re-invest in their own companies? What part of, "EPA regulations were eating up most of their capital to clean up the WW1 equipment they were using. Bethlehem Steel Company alone spent a half BILLON dollars in 1974, on non-productive equipment required by the EPA. That wasted money caused BSCO a delay of ten years in building its first BOF," did you not understand?
The money they were forced to re-invest in their own companies was in none productive equipment, dummy
Once again I must ask you to please tell us, exactly in your mind, the corruption to which you are referring?

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So not only are you stupid, you are blind too?
Mike Hunter wrote:

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