Comments on: GM reportedly set to announce 14 plant closures http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html Car news, reviews, and specs for the auto-industry Sat, 11 Feb 2012 00:20:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: leftwingagenda http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html#comment-459931 leftwingagenda Thu, 28 May 2009 22:22:23 +0000 http://www.leftlanenews.com/?p=18350#comment-459931 i can pretty much guarantee exxon shares are going to be more stable for the next few months than gm shares...i tried to catch the falling knife with ford shares, i picked some up back around thanksgiving when ford was below 2 bucks a share...ford has been up over 6 since then, but now sits around 5 and a quarter...not a bad profit so far (and more profit than exxon shares), but bottom feeding on punished stocks like that can work both ways... i tried pulling the same move with some gm shares and got promptly punched in the mouth, so i'm running with my tail between my legs right now...in that case, exxon would've been a better bet for sure! ;) i can pretty much guarantee exxon shares are going to be more stable for the next few months than gm shares…i tried to catch the falling knife with ford shares, i picked some up back around thanksgiving when ford was below 2 bucks a share…ford has been up over 6 since then, but now sits around 5 and a quarter…not a bad profit so far (and more profit than exxon shares), but bottom feeding on punished stocks like that can work both ways…

i tried pulling the same move with some gm shares and got promptly punched in the mouth, so i’m running with my tail between my legs right now…in that case, exxon would’ve been a better bet for sure! ;)

]]> By: MercMark http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html#comment-459866 MercMark Thu, 28 May 2009 19:40:22 +0000 http://www.leftlanenews.com/?p=18350#comment-459866 They had better be plants in Mexico and Canada. Otherwise gimme back my TAX dollars bailout money!!!! They had better be plants in Mexico and Canada.
Otherwise gimme back my TAX dollars bailout money!!!!

]]> By: Borat http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html#comment-459860 Borat Thu, 28 May 2009 19:20:33 +0000 http://www.leftlanenews.com/?p=18350#comment-459860 lefty, when you can't beat them, join them. Leo Trotskies words, also before the ax. But really, buy Exxon stock, oil goes up again. lefty, when you can’t beat them, join them. Leo Trotskies words, also before the ax. But really, buy Exxon stock, oil goes up again.

]]> By: leftwingagenda http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html#comment-459854 leftwingagenda Thu, 28 May 2009 19:09:01 +0000 http://www.leftlanenews.com/?p=18350#comment-459854 yeah, jake, i think folks get their panties a little too twisted up over gm and the bailout considering it's a small piece of the overall puzzle...it's just a very public, grass roots, sort of piece...everybody sees their products on the road every day, unlike a citigroup or aig or lehman brothers...and the folks affected by the gm plant closings are more blue collar types, as opposed to the suits who drive away from failed financial companies in bmws and such with their white collars intact...(at least that's the public perception)... exxon is the biggest publicly traded company in the world, though, and made over 11 billion in proft in a single quarter recently...3 months...11 billion...they could fund a few GM bailouts per year at that rate and still not take a loss...that's just an astounding amount of money... yeah, jake, i think folks get their panties a little too twisted up over gm and the bailout considering it’s a small piece of the overall puzzle…it’s just a very public, grass roots, sort of piece…everybody sees their products on the road every day, unlike a citigroup or aig or lehman brothers…and the folks affected by the gm plant closings are more blue collar types, as opposed to the suits who drive away from failed financial companies in bmws and such with their white collars intact…(at least that’s the public perception)…

exxon is the biggest publicly traded company in the world, though, and made over 11 billion in proft in a single quarter recently…3 months…11 billion…they could fund a few GM bailouts per year at that rate and still not take a loss…that’s just an astounding amount of money…

]]> By: JakeK66 http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html#comment-459845 JakeK66 Thu, 28 May 2009 18:29:07 +0000 http://www.leftlanenews.com/?p=18350#comment-459845 True, JohnnyC, but it's even more interesting when you consider GM is dwarfed by Oil companies when you look at their size in financial terms. True, JohnnyC, but it’s even more interesting when you consider GM is dwarfed by Oil companies when you look at their size in financial terms.

]]> By: gizmo2 http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html#comment-459829 gizmo2 Thu, 28 May 2009 17:41:27 +0000 http://www.leftlanenews.com/?p=18350#comment-459829 In other words Jonny, they have dig themself a hell of a hole, and it's going to be painfull climing out. Unfortunately not for the people who dig the hole by making bad decissions, but to society - taxpayers, workers, investors, etc. Fact is GM has to come down to real size based on market share and current econimic environment. In other words Jonny, they have dig themself a hell of a hole, and it’s going to be painfull climing out. Unfortunately not for the people who dig the hole by making bad decissions, but to society – taxpayers, workers, investors, etc. Fact is GM has to come down to real size based on market share and current econimic environment.

]]> By: Borat http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html#comment-459825 Borat Thu, 28 May 2009 17:20:49 +0000 http://www.leftlanenews.com/?p=18350#comment-459825 Johnny, you think? Johnny, you think?

]]> By: johnnycanuck http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html#comment-459817 johnnycanuck Thu, 28 May 2009 17:14:21 +0000 http://www.leftlanenews.com/?p=18350#comment-459817 I think that's what people tend to lose sight of in all this mess is just how massive a corporation GM really is (was). Newsflash: the 60's and their 50% market share were over a very long time ago. Didn't anyone notice over the last 4 decades that maybe there was a little overcapacity in the system? I think that’s what people tend to lose sight of in all this mess is just how massive a corporation GM really is (was). Newsflash: the 60′s and their 50% market share were over a very long time ago. Didn’t anyone notice over the last 4 decades that maybe there was a little overcapacity in the system?

]]> By: DenverGuy217 http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html#comment-459812 DenverGuy217 Thu, 28 May 2009 17:08:56 +0000 http://www.leftlanenews.com/?p=18350#comment-459812 will they have more than a handful left after these closures? Wow.. get ready for even more homes to go on the depressed market. sad..... Hey Pelosi! How's that M-Benz of yours running? Why don't you trade it in for a Cadillac or Lincoln? will they have more than a handful left after these closures? Wow..

get ready for even more homes to go on the depressed market. sad…..

Hey Pelosi! How’s that M-Benz of yours running? Why don’t you trade it in for a Cadillac or Lincoln?

]]> By: leftwingagenda http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html#comment-459811 leftwingagenda Thu, 28 May 2009 17:08:07 +0000 http://www.leftlanenews.com/?p=18350#comment-459811 having lived in cleveland for several years i'm hoping the lordstown plant keeps goin' full speed...i know there will be strife all across the midwest due to these plants closing, but cleveland doesn't deserve more strife...apparently it was too much to ask for the cavs to get into the nba finals, so at least let 'em keep the gm plant... having lived in cleveland for several years i’m hoping the lordstown plant keeps goin’ full speed…i know there will be strife all across the midwest due to these plants closing, but cleveland doesn’t deserve more strife…apparently it was too much to ask for the cavs to get into the nba finals, so at least let ‘em keep the gm plant…

]]> By: CADDY-V http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html#comment-459807 CADDY-V Thu, 28 May 2009 16:59:06 +0000 http://www.leftlanenews.com/?p=18350#comment-459807 A4: Not enough plants for people to see they employee a hell of a lot more people in this country than the J3 I guess? A4:
Not enough plants for people to see they employee a hell of a lot more people in this country than the J3 I guess?

]]> By: A4 http://www.leftlanenews.com/gm-reportedly-set-to-announce-14-plant-closures.html#comment-459802 A4 Thu, 28 May 2009 16:55:16 +0000 http://www.leftlanenews.com/?p=18350#comment-459802 ...how many more plants do they have? …how many more plants do they have?

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