Comments on: Kill the Bad GM to Save Good the GM http://gm-volt.com/2009/03/28/kill-the-bad-gm-to-save-good-the-gm/ Real-time news, information, and discussion about the Chevrolet Volt. Mon, 13 Feb 2012 03:11:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tom Harwick http://gm-volt.com/2009/03/28/kill-the-bad-gm-to-save-good-the-gm/#comment-104636 Tom Harwick Thu, 02 Apr 2009 07:25:08 +0000 http://gm-volt.com/?p=1586#comment-104636 Since the Obama administration was bought and paid for by organized labor in the 2008 election, you can be certain that the "good" GM will include 99% of the existing gold-pated UAW contract, retaining the highest automotive hourly wages in the world, and retiree health care far in excess of Medicare benefits. GM will continue to lose money on every car they sell. They will make up the red ink with bailout funds received during the bankruptcy. When those are exhausted,. Barak "Santa Claus" Obama will simply restart the flow of taxpayer funds into the "good" GM. Or maybe I am wrong. Maybe the Democrats will not give the UAW everything they ask for. Yeah, sure. Since the Obama administration was bought and paid for by organized labor in the 2008 election, you can be certain that the “good” GM will include 99% of the existing gold-pated UAW contract, retaining the highest automotive hourly wages in the world, and retiree health care far in excess of Medicare benefits.

GM will continue to lose money on every car they sell. They will make up the red ink with bailout funds received during the bankruptcy. When those are exhausted,. Barak “Santa Claus” Obama will simply restart the flow of taxpayer funds into the “good” GM.

Or maybe I am wrong. Maybe the Democrats will not give the UAW everything they ask for. Yeah, sure.

]]> By: robb http://gm-volt.com/2009/03/28/kill-the-bad-gm-to-save-good-the-gm/#comment-104122 robb Tue, 31 Mar 2009 01:11:32 +0000 http://gm-volt.com/?p=1586#comment-104122 I currently work for the IAM. I did not vote the union in. I beleive that unions have been and always be organized thuggery. I should be making 25 hr based on the WDB for this area. I currently make 32hr thanks to the union. When an outside organization(unions)can manipulate what the people under it's control(workers for companies) are compensated they will always try to squeeze more out of companies; Unions get a percentage(dues) based on wages of people in there contract under a company. Unions serve no one but themselves. I currently work for the IAM. I did not vote the union in. I beleive that unions have been and always be organized thuggery. I should be making 25 hr based on the WDB for this area. I currently make 32hr thanks to the union. When an outside organization(unions)can manipulate what the people under it’s control(workers for companies) are compensated they will always try to squeeze more out of companies; Unions get a percentage(dues) based on wages of people in there contract under a company. Unions serve no one but themselves.

]]> By: statik http://gm-volt.com/2009/03/28/kill-the-bad-gm-to-save-good-the-gm/#comment-103924 statik Mon, 30 Mar 2009 13:47:34 +0000 http://gm-volt.com/?p=1586#comment-103924 #125 Tom said: About ten years ago I put a big part of my 401k into GM bonds that mature in 2012. It was a great idea at the time. Now I’ve watched my retirement dwindle. To those who talk about bondholders like big financial types who are just being greedy I thought this point might be of interest. A lot of GM bond holders are just like me — ordinary working folks hoping to be able to retire before they’re 90 years old. ============================ I feel bad for you Tom. But investing in a corporate bond is assuming a risk to receive a greater return over a secured investment. Putting a good chunk into anyone one high yielding bond is a little greedy...regular joe or a 'financial type' Also, investing a big part of your 401k in any one unsecured vehicle is a really bad idea. Diversification is the game here...even at the most aggressive, I would suggest something like 20% in high yield cash account, 30% corporate bonds and munis, 50% mix in ETFs/diversified equity. Hopefully you are not too close to retirement and you can make up the difference by putting away a little extra. #125 Tom said:

About ten years ago I put a big part of my 401k into GM bonds that mature in 2012. It was a great idea at the time. Now I’ve watched my retirement dwindle. To those who talk about bondholders like big financial types who are just being greedy I thought this point might be of interest. A lot of GM bond holders are just like me — ordinary working folks hoping to be able to retire before they’re 90 years old.
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I feel bad for you Tom. But investing in a corporate bond is assuming a risk to receive a greater return over a secured investment. Putting a good chunk into anyone one high yielding bond is a little greedy…regular joe or a ‘financial type’

Also, investing a big part of your 401k in any one unsecured vehicle is a really bad idea. Diversification is the game here…even at the most aggressive, I would suggest something like 20% in high yield cash account, 30% corporate bonds and munis, 50% mix in ETFs/diversified equity.

Hopefully you are not too close to retirement and you can make up the difference by putting away a little extra.

]]> By: Detfan http://gm-volt.com/2009/03/28/kill-the-bad-gm-to-save-good-the-gm/#comment-103734 Detfan Sun, 29 Mar 2009 20:21:32 +0000 http://gm-volt.com/?p=1586#comment-103734 To the earlier posts regarding Obama, I have been recording his lies from campaign to President, and he is up to 23 as of yesterday. History will regard President Bush much kinder than todays short sighted citizens. I really, really hope he doesn't screw up the auto industry, too!! Already, my newborn grandchild owes more on the federal debt, than it costs to buy the award winning Chevy Malibu. God help us!! To the earlier posts regarding Obama, I have been recording his lies from campaign to President, and he is up to 23 as of yesterday. History will regard President Bush much kinder than todays short sighted citizens.

I really, really hope he doesn’t screw up the auto industry, too!! Already, my newborn grandchild owes more on the federal debt, than it costs to buy the award winning Chevy Malibu. God help us!!

]]> By: statik http://gm-volt.com/2009/03/28/kill-the-bad-gm-to-save-good-the-gm/#comment-103730 statik Sun, 29 Mar 2009 19:42:05 +0000 http://gm-volt.com/?p=1586#comment-103730 #128 john1701a said: It wasn’t me, it Toyota corporate. They forced dealers to sell only at MSRP. Remember the online order process? That was the only way to get a new Prius from Aug 2000 to May 2002. ============================== Now you mention it...I vaguely remember something like that. Thanks for pointing that out. /might be a good model for GM to follow #128 john1701a said:

It wasn’t me, it Toyota corporate. They forced dealers to sell only at MSRP. Remember the online order process? That was the only way to get a new Prius from Aug 2000 to May 2002.
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Now you mention it…I vaguely remember something like that. Thanks for pointing that out.

/might be a good model for GM to follow

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