Gravitymachine Member Username: Gravitymachine
Post Number: 965 Registered: 05-2005 Posted From: 198.208.251.24
| Posted on Thursday, March 30, 2006 - 10:07 am: | |
I moving the hell out this piece of shit state. Delphi Action May Put GM Near Bankruptcy |
Ndavies Member Username: Ndavies
Post Number: 1717 Registered: 10-2003 Posted From: 129.9.163.233
| Posted on Thursday, March 30, 2006 - 10:10 am: | |
Do us all a favor. Don't wait, leave now. |
Dialh4hipster Member Username: Dialh4hipster
Post Number: 1515 Registered: 11-2004 Posted From: 68.61.187.234
| Posted on Thursday, March 30, 2006 - 10:13 am: | |
I'm going to Disney World! |
Crew Member Username: Crew
Post Number: 907 Registered: 02-2004 Posted From: 146.9.52.33
| Posted on Thursday, March 30, 2006 - 10:13 am: | |
I'm stealing all the aluminium off the Ren Cen and selling it for scrap. (Message edited by Crew on March 30, 2006) |
1953 Member Username: 1953
Post Number: 745 Registered: 12-2004 Posted From: 209.104.146.146
| Posted on Thursday, March 30, 2006 - 10:32 am: | |
I can't wait until someone busts out all of the windows of the vaccant Ren Cen, like they did with the Depot. Can you imagine how big a job that will be? It sure will take a lot of hobos and crack dealers to destroy the glass in all of those towers! |
Itsjeff
Member Username: Itsjeff
Post Number: 5718 Registered: 10-2003 Posted From: 208.27.111.125
| Posted on Thursday, March 30, 2006 - 10:39 am: | |
I'll start a letter-writing campaign to get Hyundai to move into RenCen. |
Merchantgander Member Username: Merchantgander
Post Number: 1697 Registered: 01-2005 Posted From: 150.198.150.244
| Posted on Thursday, March 30, 2006 - 10:55 am: | |
Move in with Ms. Cleo. |
Wazootyman Member Username: Wazootyman
Post Number: 30 Registered: 02-2006 Posted From: 68.75.220.9
| Posted on Thursday, March 30, 2006 - 10:56 am: | |
Does the rest of the nation even care or understand the impact of this? I'm really getting depressed reading about GM. |
Amy_p
Member Username: Amy_p
Post Number: 644 Registered: 10-2003 Posted From: 198.208.251.21
| Posted on Thursday, March 30, 2006 - 11:01 am: | |
Would OnStar stand alone? Can the blue button help GM? |
Pffft Member Username: Pffft
Post Number: 867 Registered: 12-2003 Posted From: 68.248.0.11
| Posted on Thursday, March 30, 2006 - 11:02 am: | |
No, or they wouldn't be driving nothing but Toyotas and Hondas. |
Spidergirl Member Username: Spidergirl
Post Number: 182 Registered: 12-2004 Posted From: 63.77.247.130
| Posted on Thursday, March 30, 2006 - 11:08 am: | |
Buy a $280,000 high rise condo a few blocks away. Oh, wait... |
Llyn
Member Username: Llyn
Post Number: 1492 Registered: 06-2004 Posted From: 68.61.197.206
| Posted on Thursday, March 30, 2006 - 11:10 am: | |
I would assume we are talking about re-organization, not going out of business. Everyone knows that the RenCen would still be occupied by GM, right my friends? |
Lurker Member Username: Lurker
Post Number: 1615 Registered: 10-2003 Posted From: 65.196.220.198
| Posted on Thursday, March 30, 2006 - 11:34 am: | |
I'm gonna party like it's 1929... |
Udmphikapbob Member Username: Udmphikapbob
Post Number: 118 Registered: 07-2004 Posted From: 206.81.45.34
| Posted on Thursday, March 30, 2006 - 12:03 pm: | |
get in my Nissan, drive home and cash my wife's profit-sharing check? |
Lilpup Member Username: Lilpup
Post Number: 900 Registered: 06-2004 Posted From: 69.129.146.186
| Posted on Thursday, March 30, 2006 - 12:07 pm: | |
propose a riverfront tourist attraction - a really tall water slide with a restaurant at the top |
Doctors Member Username: Doctors
Post Number: 698 Registered: 10-2003 Posted From: 68.42.124.248
| Posted on Thursday, March 30, 2006 - 12:11 pm: | |
Go buy a house in the Bronx? ; ) |
Mikeg Member Username: Mikeg
Post Number: 37 Registered: 12-2005 Posted From: 69.136.155.244
| Posted on Thursday, March 30, 2006 - 12:20 pm: | |
From a consumer's viewpoint, a Chapter 11 reorganization of a company that makes and warrants vehicles isn't the same thing as a Ch. 11 of a company that sells airline seats (to use a recent example). With an airline, you are only concerned that they are still in business at boarding time, which is a very short-term and low cost relationship which involves limited risk for the consumer. Who wants to take a chance on buying a product from an officially "bankrupt" GM if they even think there is a remote chance that GM won't be around to honor a warranty problem two or three years down the road? |
Northend Member Username: Northend
Post Number: 826 Registered: 10-2005 Posted From: 69.212.51.105
| Posted on Thursday, March 30, 2006 - 12:48 pm: | |
I'll buy a Toyota, have a beer, a hotdog, and move on with my life |
56packman Member Username: 56packman
Post Number: 163 Registered: 12-2005 Posted From: 129.9.163.234
| Posted on Thursday, March 30, 2006 - 12:54 pm: | |
MikeG-you bring up a very interesting point, a case of history repeating itself. In the 1950's there was a similar attitude toward the independent auto manufacturers, the "little five" (back then you had the "little five", Packard, Studebaker, Hudson,Nash and Kaiser-Fraizer--the opposite of which is the "big three", how that term came into being) those brands became known on the street as "orphan" makes, and the water coooler talk at the time contained many warnings not to by an orphan make because "there won't be anyone to fix it", "there won't be any parts", etc. This thinking, coupled with the GM and Ford flooding the market with inexpensive cars (Ford was trying to over-produce itself to be the number 1 volume producer again, and Chevy called their bluff) made a bad situation for the struggling independents worse. GM could fall victim to potental buyers fears as this situation compounds. |
Bob Member Username: Bob
Post Number: 885 Registered: 11-2003 Posted From: 64.12.116.204
| Posted on Thursday, March 30, 2006 - 1:10 pm: | |
A GM banruptcy would have implication nation-wide, since it is such a large corporation. In terms of our state, we would be more screwed than we already are. The auto industry is just the tip of the iceburg in terms of foreign competition. More and more companies are going to deal with the same issues, its cheapers to make products elsewhere. Expect the problems with the auto industry to start showing in other industries. |
_sj_ Member Username: _sj_
Post Number: 1286 Registered: 12-2003 Posted From: 69.220.230.150
| Posted on Thursday, March 30, 2006 - 2:10 pm: | |
quote:Expect the problems with the auto industry to start showing in other industries.
They are already present in the other industries. The ones who refused to change are gone (Steel), the last remaining hold out (Cars) is having a hell of time trying to hold onto to 40 year old ideals and beliefs. (Message edited by _sj_ on March 30, 2006) |
Miss_cleo Member Username: Miss_cleo
Post Number: 146 Registered: 05-2005 Posted From: 69.47.85.139
| Posted on Thursday, March 30, 2006 - 2:11 pm: | |
Thanks Bush! you made it all possibe by giving companies insentives to send jobs overseas. Thats owners and CEO's, you have crippled the middles class wtih your greed and the lowest bottom line. We are screwed! |
Eric_c Member Username: Eric_c
Post Number: 685 Registered: 11-2003 Posted From: 68.21.62.206
| Posted on Thursday, March 30, 2006 - 2:16 pm: | |
'Insentives' make me laugh. |
Jt1 Member Username: Jt1
Post Number: 7126 Registered: 10-2003 Posted From: 198.208.159.20
| Posted on Thursday, March 30, 2006 - 2:19 pm: | |
Cleo - The downfall started long before Bush and I am no Bush supporter. |
Hooha Member Username: Hooha
Post Number: 99 Registered: 06-2005 Posted From: 69.81.52.28
| Posted on Thursday, March 30, 2006 - 2:29 pm: | |
"Insentives" are incentives that are insensitive to the middle class. |
Dodge1 Member Username: Dodge1
Post Number: 2 Registered: 03-2006 Posted From: 208.215.58.101
| Posted on Thursday, March 30, 2006 - 2:41 pm: | |
jt1, you got that right! |
Zulu_warrior Member Username: Zulu_warrior
Post Number: 2691 Registered: 10-2003 Posted From: 68.251.27.41
| Posted on Thursday, March 30, 2006 - 2:48 pm: | |
Learn Japanese and German? |
Crew Member Username: Crew
Post Number: 910 Registered: 02-2004 Posted From: 146.9.52.33
| Posted on Thursday, March 30, 2006 - 2:53 pm: | |
I'm still trying to learn Texan. |
Erichp77 Member Username: Erichp77
Post Number: 170 Registered: 12-2003 Posted From: 70.228.3.72
| Posted on Thursday, March 30, 2006 - 3:15 pm: | |
I'm going to live in a van down by the river. |
Jfwaterburry Member Username: Jfwaterburry
Post Number: 38 Registered: 04-2005 Posted From: 65.42.89.234
| Posted on Thursday, March 30, 2006 - 3:15 pm: | |
Japanese & German??? No no... learn Chinese. They are the ones that will soon be importing $10K vehicles to our shores. Even Toyota will be scared then. |
Czar Member Username: Czar
Post Number: 2996 Registered: 11-2003 Posted From: 129.137.201.142
| Posted on Thursday, March 30, 2006 - 3:37 pm: | |
Dance on their grave. They still owe me for the piece of shit S-10 with the transmission that dropped at 37,000 miles. Nothing but Toyotas for me ever since. |
Livernoisyard Member Username: Livernoisyard
Post Number: 372 Registered: 10-2004 Posted From: 69.242.223.42
| Posted on Thursday, March 30, 2006 - 3:44 pm: | |
WJR mentioned this morning that Toyota's market value this quarter passed $200 billion for the first time. What's GM's market value? ... about $12.5 billion, including GMAC - its only significant earning power. With GMAC out of the picture, GM's liabilities will surpass its "assets." However, GM needs mega cash, not stable profitable returns from GMAC. So, GMAC will be converted into cash for a few more tosses of the dice. Afterwards, the lawyers will have at it in bankruptcy court. |
Ilovedetroit Member Username: Ilovedetroit
Post Number: 2180 Registered: 02-2005 Posted From: 63.149.5.130
| Posted on Thursday, March 30, 2006 - 3:55 pm: | |
Gravity - Don't let the door hit your ass on the way out! |
Gravitymachine Member Username: Gravitymachine
Post Number: 968 Registered: 05-2005 Posted From: 198.208.159.20
| Posted on Thursday, March 30, 2006 - 4:24 pm: | |
to allay all of your fears of a gravity-less detroityes board :D .... I made that statement out of frustration, not as a true statement of intent. |
Livedog2 Member Username: Livedog2
Post Number: 10 Registered: 03-2006 Posted From: 24.223.133.177
| Posted on Thursday, March 30, 2006 - 5:02 pm: | |
I'm going to ax Kwami if I can move into the Belle Isle Aquarium so I can have a place to live to raise fish and swimp for walleye, smelt and shrimp fries on Friday Nights. I refuse to leave the city of my birth! I can't stand crack and I'm too old to be a ho so I've got to do something to live. Between the fish and swimp fries; and, the animals I catch on the eastside, since all the houses are gone, and the land has gone back to nature I should be able to make a nice living. That's my plan and I'm going to sticking to it!! ^j^ Belle Isle Aquarium Walleye Smelt +++ gif +++ 69467 +++ Smelt +++ Swimp
|
Livedog2 Member Username: Livedog2
Post Number: 11 Registered: 03-2006 Posted From: 24.223.133.177
| Posted on Thursday, March 30, 2006 - 5:05 pm: | |
Smelt!
|
Upinottawa Member Username: Upinottawa
Post Number: 272 Registered: 09-2005 Posted From: 198.103.184.76
| Posted on Thursday, March 30, 2006 - 5:09 pm: | |
The white collar Detroit GM jobs will be saved once Toyota merges with/purchases GM. |
Mikeg Member Username: Mikeg
Post Number: 38 Registered: 12-2005 Posted From: 69.136.155.244
| Posted on Thursday, March 30, 2006 - 5:30 pm: | |
Supposedly the NW flights to Nagoya over the past year have been full of GM attorneys and accountants. Perhaps Toyota is doing some "due dilligence"? |
Eastsidedog Member Username: Eastsidedog
Post Number: 130 Registered: 03-2006 Posted From: 69.220.142.7
| Posted on Thursday, March 30, 2006 - 6:24 pm: | |
Upinottowa, I agree. If GM can restructure to make itself an attractive asset, then we may have a DaimlerChrysler repeat on our hands in the next few years. That'll make Detroit cosmopolitan! |
Livernoisyard Member Username: Livernoisyard
Post Number: 373 Registered: 10-2004 Posted From: 69.242.223.42
| Posted on Thursday, March 30, 2006 - 6:40 pm: | |
My dos centavos: Expect more modular sub-assemblies from the Tiers to be installed by fewer (probably non-UAW) blue-collar workers and probably not in a non-"right to work" state. No more crazy-quilt "work rules." They way things are going in Deutschland bodes better for DC becoming a US firm. Notice the recent change of venue for its HQ. I do not foresee a purchase of GM, but instead a purchase of GM's assets. Severstal NA did not buy Rouge Industries, but instead it bought its assets after bankruptcy three years ago. No well-managed firm would ever want to assume GM's liabilities! (Message edited by LivernoisYard on March 30, 2006) |
Old_southwest Member Username: Old_southwest
Post Number: 115 Registered: 07-2005 Posted From: 67.149.72.160
| Posted on Thursday, March 30, 2006 - 6:58 pm: | |
Swimp?? |
Karl Member Username: Karl
Post Number: 1800 Registered: 09-2005 Posted From: 72.25.177.194
| Posted on Thursday, March 30, 2006 - 7:14 pm: | |
LOL @ Livedog2.......... |
Miss_cleo Member Username: Miss_cleo
Post Number: 149 Registered: 05-2005 Posted From: 69.47.85.139
| Posted on Thursday, March 30, 2006 - 7:22 pm: | |
Cleo - The downfall started long before Bush and I am no Bush supporter. oh I know, but he definetely put it into high gear! |
Livedog2 Member Username: Livedog2
Post Number: 12 Registered: 03-2006 Posted From: 24.223.133.177
| Posted on Thursday, March 30, 2006 - 8:39 pm: | |
If the pronunciation of “swimp” is good enough for Kwami it’s good enough for me. What you need to pay attention to is getting your order in for swimps now at Livedog2’s Swimp & Raccoon Barbeque Pit and Emporium since Dot & Etta’s Swimp Shack has closed down business is brisk for future orders. Maryann Mahaffey, President of Detroit City Council has already put her order in for the Detroit City Council Meeting of April 1, 2006 (Is that April Fool's Day?) <(:-) agenda being: • Closing of the Anna Scripps Whitcomb Conservatory on Belle Isle • Creation of the new Office of Greetings for Rap Music Dawgs • Acceptance of a Marshall Plan Aid Package for the City of Detroit from the estate of Idi Amin • Resolution proclaiming Candy-Apple Red Cadillac Escalades as the official car for City of Detroit Employees and all Kilpatrick Family Members • Enactment of the Coleman A. Young Scholarship Fund at the WSU School of Political Science for students pursuing excellence in Neighbor Relations • Proposed classes at WCCC in the School of Social Work dealing with the social causes for why people are forced to become scrapers and why society is responsible for this kind of behavior • Funding appropriations for a study concerning the effects of yellow on Councilmember JoAnn Watson Minutes of the meeting to be printed in the Michigan Chronicle, New Detroit Daily “What’s Happening” Journal and the Detroit Times Community News Section |
Jelk
Member Username: Jelk
Post Number: 3712 Registered: 10-2003 Posted From: 66.208.233.74
| Posted on Thursday, March 30, 2006 - 9:09 pm: | |
To riff off Lurker's excellent reference...I think it would be more appropriate to party like it was 1987 because there is a difference between a crash and a correction. |
Paulj Member Username: Paulj
Post Number: 350 Registered: 12-2003 Posted From: 68.252.69.189
| Posted on Thursday, March 30, 2006 - 10:02 pm: | |
more fuel to the fire... the wooshing sound you hear is all of the young brain-power being sucked out of Michigan. It takes a lot of incentive for someone from a 'normal' city or state to endure ludicrous insurance rates, terrible infrastructure, high taxes, regional political paralysis, and crime up the yin-yang. A well-paying GM job was one of just a few lures that helped outsider overcome Detroitophobia, as well as keep the young & upwardly mobile college grads here. Now you can strike that one off the list... And to the 'dont let the door hit you on the ass' crowd, I always cover mine as I'm fleeing a sinking ship. I sure hope you can play in a band cuz this ones going under... |
Mike Member Username: Mike
Post Number: 585 Registered: 11-2003 Posted From: 66.227.165.194
| Posted on Thursday, March 30, 2006 - 10:31 pm: | |
Do you think if GM merged with Toyota (Toyota actually buying it up) that Toyota would hold on to anything GM? Goodbye RenCen, good bye Detroit funding. |
Lowell Board Administrator Username: Lowell
Post Number: 2410 Registered: 10-2003 Posted From: 66.167.58.14
| Posted on Friday, March 31, 2006 - 1:44 am: | |
I'm going to open a stove factory on the site of a GM plant. Time to start over. |
Erobtheone Member Username: Erobtheone
Post Number: 17 Registered: 08-2005 Posted From: 64.134.63.163
| Posted on Friday, March 31, 2006 - 2:41 am: | |
gonna get rid of my '76 drop-top coup de ville dreams. if there is no parts to repalce why bother. man, i was hoping that caddy would bring back the long drop top coupe! that sucks! Erob chicago by way of detroit |
Devinc Member Username: Devinc
Post Number: 40 Registered: 12-2005 Posted From: 69.14.138.74
| Posted on Friday, March 31, 2006 - 2:49 am: | |
i'm going to buy a bunch of stock in toyota. |
Jerome81 Member Username: Jerome81
Post Number: 958 Registered: 11-2003 Posted From: 64.142.86.133
| Posted on Friday, March 31, 2006 - 3:01 am: | |
Paul- I am one such young brain power. Worked at DCX as an intern back in 2003 (when their shite hit the fan). Wasn't asked back when they had a hiring freeze. Now theres a chance again. Except I'm not sure I'm gonna take it. As much as I love the auto biz, there is so much concern about the health of the domestic biz (of which DCX finds itself grouped). But beyond that I worry that Detroit will stumble and continue to fall, that any future home I might buy will lose value. To be honest, its downright discouraging. I truly believe GM (and Ford) will pull out of this, but it will get worse, potentially much worse, before it gets better. And I have about zero interest in any other car manufacturer. Most people might think I'm crazy for loving Detroit (and maybe leaving CA for it), but if you're in anything but design, if you don't go to Detroit you get sent to rural kentucky, tennessee, alabama, south carolina, mississippi, or texas. I'm just not a guy from the south, much less a guy for the rural south. I love large cities, and Detroit is still the only large metro area where cars are life. Another part of me believes deep down that I can be part of the solution. A savior. That someday history can look back and say that I was part of what made the American auto industry golden again. Maybe I'm full of it, but I find that appealing. Toyota won't buy GM. Guaranteed. Why would they want that mess? They've got the market covered themselves, no point in acquiring a company that can't give them anything additional. If anything, it will stay what it is, private investors will buy it out, or something like (god forbid) a chinese company takes controlling interest (like they did with MG Rover). Its hard to remain positive when there is so much negative. The outlook is gloomy. After awhile, you want to just say forget it, and move on. And I agree. I've pretty much decided that only a significant bump in salary would make me take that job if offered. Otherwise I think I'd rather stay in CA and make less money. I would surmise this is how most people feel, unfortunately. Detroit will not be saved if the auto industry is not healthy. They grew together, and they will die together. |
Northend Member Username: Northend
Post Number: 832 Registered: 10-2005 Posted From: 70.236.191.86
| Posted on Friday, March 31, 2006 - 9:37 am: | |
Lowell, brilliant... |
Danny Member Username: Danny
Post Number: 3874 Registered: 02-2004 Posted From: 141.217.173.154
| Posted on Friday, March 31, 2006 - 9:48 am: | |
HAH!! GM got hit by the " ASIAN SYNDROME" That's when the Asians started to make bigger and better western technology and sell it to world markets. Why are we keep buying their products? It's not going to the good ole US of A pockets in terms of revenue money. If GM dies, at least we have Ford and Dailmer Chrysler to keep our auto ecomony going. In the meantime RED STAR CHINA is getting ready to invade the U.S. by stockpiling more weapons. So be ready! |
Danny Member Username: Danny
Post Number: 3875 Registered: 02-2004 Posted From: 141.217.173.154
| Posted on Friday, March 31, 2006 - 9:50 am: | |
The Chinese are problably laughing at the Americans right about now. They are laughing at our calamity, and they are laughing at out faults, they are laughing at our ignorance. And they already know that the U.S. will fall into their hands. |
Bongman Member Username: Bongman
Post Number: 989 Registered: 12-2003 Posted From: 198.111.56.128
| Posted on Friday, March 31, 2006 - 10:43 am: | |
I sense Danny may have had a large Starbuck's this morning. |
Livernoisyard Member Username: Livernoisyard
Post Number: 377 Registered: 10-2004 Posted From: 69.242.223.42
| Posted on Friday, March 31, 2006 - 11:29 am: | |
The expected occurred: Delphi asks bankruptcy court to void union contracts - The move may lead to a strike by the UAW which could push GM closer to Chapter 11 Delphi to void contracts, close or sell most of its plants Up to 40% of corporate officer postions will be eliminated, Delphi said. Delphi intends to keep eight core plants in the United States, including one in Grand Rapids, the only plant it has targeted for saving in Michigan. However, Delphi Chief Executive Steve Miller said that the company continues to negotiate with its unions. “We have made considerable progress in recent weeks, and we intend to stay at it until we are finished,” he said in a statement. But Gettelfinger said that the filing of the motions has killed any momentum in discussions, and “it appears there is no basis for continuing discussions.” If the bankruptcy court rejects the contracts and Delphi imposes the terms of its last labor proposal, “it appears that it will be impossible to avoid a long strike,” Gettelfinger said. These eight plants will remain open: - Brookhaven, Mississippi - Clinton, Mississippi - Grand Rapids - Kokomo, Indiana - Lockport, New York - Rochester, New York - Warren, Ohio - Vandalia, Ohio (Message edited by livernoisyard on March 31, 2006) |
Sailor_rick Member Username: Sailor_rick
Post Number: 123 Registered: 02-2004 Posted From: 12.2.192.223
| Posted on Friday, March 31, 2006 - 11:27 pm: | |
I'll be selling GM memorabilia on E-Bay to raise funds for my obsolete Buick Riviera finned brake drums & Pontiac Bonneville rubber bumpers, gar. |
River_rat Member Username: River_rat
Post Number: 84 Registered: 02-2006 Posted From: 71.126.176.158
| Posted on Friday, March 31, 2006 - 11:47 pm: | |
Good post, Livernoisyard. The future of GM (not to mention Delphi, Ford, Visteon, Tower, Dana, etc.) is likely to be decided in the next two to three weeks. Any job action/strike at Delphi will lead to massive losses at GM due to shutdowns secondary to parts being unavailable. Add impending $3 a gallon gasoline into the equation and it seems clear that any work stoppage will lead to lead to losses in the range of 1/2 billion A WEEK to GM. This to a company that lost nearly $1 Billion a month last year without any strikes. Looks very bad ... lets hope there is a rational response on both sides. The presence of Kirk Korkorian's money ($1.5 B)in GM and his man on the Board at GM gives some hope, but it isn't clear how that presence will have any effect on the Delphi situation. Probably still best to short GM. the river rat the economist |
Leoqueen
Member Username: Leoqueen
Post Number: 1208 Registered: 07-2004 Posted From: 64.12.116.204
| Posted on Saturday, April 01, 2006 - 5:31 pm: | |
I seem to remember a Broadway play or some movie made in the 1950's that had this line----- "What's Good For General Motors, Is Good For The USA!" Can anybody refresh my memory? |
Hornwrecker Member Username: Hornwrecker
Post Number: 995 Registered: 04-2005 Posted From: 66.19.24.72
| Posted on Saturday, April 01, 2006 - 5:56 pm: | |
The original quote:
quote:Wilson left GM to accept President Dwight D. Eisenhower's appointment as secretary of defense. At his Senate confirmation hearing, Wilson said: "For years, I thought what was good for our country was good for General Motors -- and vice versa."
The song might be from "How to Succeed in Business without Really Trying", just a guess though. (Message edited by Hornwrecker on April 01, 2006) |
Mikeg Member Username: Mikeg
Post Number: 39 Registered: 12-2005 Posted From: 69.136.155.244
| Posted on Saturday, April 01, 2006 - 6:00 pm: | |
Charles Wilson, a GM President who had been chosen by President Eisenhower to become his Secretary of Defense in 1953, was asked during his US Senate confirmation hearings how he could make impartial decisions while still owning $2.5 million worth of GM Stock. He responded, "because for years I thought what was good for the country was good for General Motors and vice versa." This statement would later become garbled and transformed by the press into his having said, "What's good for General Motors is good for the country.". Later, cartoonist Al Capp created a character in his "L'il Abner" comic strip named "General Bullmoose" who would say, "What's good for General Bullmoose is good for the USA!" I believe that following the popularity of his comic strip, a Broadway play and movie were written and titled "L'il Abner". |
Bob Member Username: Bob
Post Number: 893 Registered: 11-2003 Posted From: 64.12.116.204
| Posted on Saturday, April 01, 2006 - 7:53 pm: | |
If Delphi strikes, GM falls into bankruptcy, I don't think this state will recover for a LONG time. People will be forced to leave in droves to find jobs. It will be like when people left the south in droves to come to Detroit for jobs in the auto plants, only the reverse. |
Livernoisyard Member Username: Livernoisyard
Post Number: 383 Registered: 10-2004 Posted From: 69.242.223.42
| Posted on Saturday, April 01, 2006 - 8:21 pm: | |
"People will be forced to leave in droves to find jobs." Reality check: This is news? As if this hasn't been happening since the late 1990s? The divestitures by GM and Ford into Delphi and of Visteon, respectively, were early-warning signs of what to expect. About one-third of the Tiers, especially the smaller ones which never have any press mention, have disappeared since the millenium already. And on the school front: How might one surmise why schools are closing throughout Metro Detroit? The unemployed with families have been leaving southern Michigan by several tens of thousands each of the past four years. Obviously, their kids leave also. So, there were tens of thousands fewer school kids each year than the previous year. Anybody with half a brain knows about this and about where Michigan's economy is heading... (Message edited by LivernoisYard on April 01, 2006) |
Pffft Member Username: Pffft
Post Number: 869 Registered: 12-2003 Posted From: 68.248.0.11
| Posted on Saturday, April 01, 2006 - 8:23 pm: | |
This is for all you Japanese car owners...this is the kind of company philosophy you support: http://www.dispatch.com/busine ss-story.php?story=dispatch/20 06/03/29/20060329-D1-01.html |
Thnk2mch Member Username: Thnk2mch
Post Number: 105 Registered: 02-2006 Posted From: 71.65.11.152
| Posted on Saturday, April 01, 2006 - 8:35 pm: | |
Leoqueen... "What's Good For General Motors, Is Good For The USA!" "Can anybody refresh my memory?" How about: What's Good For General Bullmoose, Is Good For The USA!" from L'il Abner |
Bob Member Username: Bob
Post Number: 894 Registered: 11-2003 Posted From: 64.12.116.204
| Posted on Saturday, April 01, 2006 - 9:53 pm: | |
Livernoisyard is correct, less school kids in the state is the only reason that the state has more money to increase the foundation allowance to schools next school year. The question is, when will this state finally hit rock bottom? |
Leoqueen
Member Username: Leoqueen
Post Number: 1215 Registered: 07-2004 Posted From: 207.74.195.249
| Posted on Tuesday, April 04, 2006 - 11:11 am: | |
Thanks to all who answered my question about the line from the Broadway play....now I remember the General Bullmoose part. Al Capp was great |
Rasputin Member Username: Rasputin
Post Number: 3577 Registered: 10-2003 Posted From: 152.163.100.8
| Posted on Tuesday, April 04, 2006 - 1:03 pm: | |
When and IF GM goes "belly-up", I'll personally burn down the Book-Cadillac!! Black-atcha ..... |