Government Motors

[phil]

Left-wing wackos? Sounds progressive.

Historically, California's economy has been controlled by huge corporations such as the Southern Pacific Railroad, Standard Oil of California and the Pacific Gas and Electric Company.
California is responsible for 13% of the United States' gross domestic product (GDP). The state's GDP is at about $1.7 trillion

As far as moving to Texas, that may be necessary if KBR and all those really costly gummint contractors lose access to all the money they've been sucking out of the taxpayers for the past 7 years. I mean, spending over 700 BILLION in Iraq is just about enough.

James, You should have mentioned that plant was a 50-50 GM-Toyota plant.

It's BHO that's leaving California.

If he does, Toyota will probably just move to Texas.
http://www.mysanantonio.com/business/automotive/52588302.html
Why the hell would a business be in California with the left-wing wackos? For that matter, why would a manufacturer be in Obamastan?

 

[McDuck]

Historically, California's economy has been controlled by huge corporations such as the Southern Pacific Railroad, Standard Oil of California and the Pacific Gas and Electric Company.
California is responsible for 13% of the United States' gross domestic product (GDP). The state's GDP is at about $1.7 trillion

Phil talking some more trash.

State Finance Directors Warn of More Trouble Ahead
Wall Street Journal - ‎Nov 13, 2009‎
As of July 2009, California's budget shortfall was 49.3% of its general funds.
Budget insiders see worse ahead in Calif., Mich. Stateline.org

California and Michigan Face Budget Challenges TransWorldNews (press release)

Worst-case for California's budget deficit next year? $25 billion
San Jose Mercury News ‎Nov 13, 2009‎
Insiders say the 2011 budget deficit could reach $25 billion. SACRAMENTO — With high unemployment continuing to eat at California's tax revenues, ...

Brown bemoans Calif. budget process Legal News Line

California Budget Crisis Diaries: October sees more revenue SDNN: San Diego News Network

Budget outlook grim thru 2012 Capitol Weekly

Editorial: California lawmakers must face reality to balance state budget
Contra Costa Times - ‎8 hours ago‎
AFTER SO MANY bungled attempts to balance California's budget, perhaps the governor and Legislature finally will have the courage to face fiscal reality as ...

Students look beyond state
Sacramento Bee- ‎Nov 14, 2009‎
And some colleges in Oregon are using California's budget crisis as a marketing opportunity: Oregon State University in Corvallis has a Web page devoted to ...

Budget cuts will cripple California colleges and universities Examiner.com

SDSU Associated Students to March in Protest of Budget Cuts San Diego Gay & Lesbian News

 

[phil]

Yep. This after 8 years of Bush and 14 years of Republican control of the economy. We didn't seem to have this problem when President Clinton was around. Then again, we also didn't rack up an enormous amount of debt. In fact, our nation was paying off our debt.

It just goes to show you what happens when we let in a new group with an agenda.

On the other hand, now California can finally get rid of the people that were responsible for these problems. Thanks for the post.

 

[McDuck]

On the other hand, now California can finally get rid of the people that were responsible for these problems.

Could you explain what you meant by the statement?

 

[McDuck]

Yep. This after 8 years of Bush and 14 years of Republican control of the economy. We didn't seem to have this problem when President Clinton was around. Then again, we also didn't rack up an enormous amount of debt. In fact, our nation was paying off our debt.

You have the answer in your post. The economy sucked over Clinton(double entendre) until the GOP win the House in 1995 after being out for 50 years and forcing Sick Willie to say "the era of big government is over"

 

[James48843]

SDSU Associated Students to March in Protest of Budget Cuts San Diego Gay & Lesbian News

I didn't know you were an avid reader of the San Diego Gay & Lesbian News, McDuck. But if you don't wanna tell, that's ok. I won't ask.


The point I was making when I posted the October auto sales results is that for the first time in quite a while, auto sales were starting to look up. Now, if we can just continue on that path, perhaps the auto industry can start making a profit again, and pay back the money it borrowed. I tend to think we'll see that pretty soon.

If I had my choice- I'd tax the hell out of imports, to equalize the health care advantage all the foreign car companies have over U.S. automakers. Put a 15% import duty on imported cars, and that would go a long way to equalize things.

 

[phil]

President Clinton will be seen in history as one of the better Presidents we've had, though I will say that he bears some responsibility for the current economic problems. Being saddled with a conservative Republican Congress probably didn't help much. Now it looks like the administration has become Democratic and can finally address some of the structural problems in the economy.

Era of big government over? That's weird, since we had larger government outlays under Bush than we had under Clinton. In Clinton's first term, federal expenditures rose 4.7 percent. In his second term, they rose 3.7 percent. In the first term of the Bush administration, however, spending rose 19.2 percent.
Cumulative growth in federal expenditures, adjusted for inflation, during the Clinton years actually shrank by 1.1 percent. Yet, in the Bush first term, it rose 15 percent. McDuck, didn't you notice? It's all available news. Just look at the budget office and outlays.

When Bill Clinton was elected we were in debt. When he left office, not only did we have a balanced budget, but a surplus. Even if you take the bailouts of these banks out of the equation, Bush has left America trillions in debt. He has even borrowed money from other countries. It will take many many years before this country is solvent again.


Double entendre noted. McDuck is VERY progressive, it seems.

SDSU Associated Students to March in Protest of Budget Cuts San Diego Gay & Lesbian News

You have the answer in your post. The economy sucked over Clinton(double entendre) until the GOP win the House in 1995 after being out for 50 years and forcing Sick Willie to say "the era of big government is over"

 

[McDuck]

To Slick Willie, it never about the country, it was always just about him.

Bill Clinton says he never wanted to leave presidency
Washington Post - ‎Nov 2, 2009‎

 

[phil]

I completely agree as to why we're not as competitive with the larger Japanese auto makers. The Japanese and the Germans have had nationalized healthcare for many years. Their corporations don't have to pay huge amounts of money in healthcare costs. Our corporations, particularly in manufacturing, have been paying out enormous amounts over the years.

I didn't know you were an avid reader of the San Diego Gay & Lesbian News, McDuck. But if you don't wanna tell, that's ok. I won't ask.


The point I was making when I posted the October auto sales results is that for the first time in quite a while, auto sales were starting to look up. Now, if we can just continue on that path, perhaps the auto industry can start making a profit again, and pay back the money it borrowed. I tend to think we'll see that pretty soon.

If I had my choice- I'd tax the hell out of imports, to equalize the health care advantage all the foreign car companies have over U.S. automakers. Put a 15% import duty on imported cars, and that would go a long way to equalize things.

 

[phil]

But....what about the era of big government that you said was over under Clinton? Was that true? Did you even look at the numbers? You see, I was trying to agree with you. Unfortunately, I just can't get you to agree with you.

To Slick Willie, it never about the country, it was always just about him.

Bill Clinton says he never wanted to leave presidency
Washington Post - ‎Nov 2, 2009‎

 

[McDuck]

Please delete.

 

[phil]

We noted the double entendre in your post about President Clinton. What now? Triple entendre? That's a little complicated.

 

[James48843]

Please delete.

Delete what?

I'll be happy to, if I can understand what you want deleted.

 

[James48843]

GM to start repaying debt to U.S. government next month

Firm plans to retire $6.7 billion loan years before it is due

By Peter Whoriskey
Washington Post Staff Writer
Monday, November 16, 2009

General Motors is expected to announce on Monday that it will begin repaying its debt to the United States next month, years earlier than required.

The nation's largest automaker plans to pay $1 billion per quarter until the $6.7 billion loan is repaid, according to a source familiar with the matter.

More: http://www.washingtonpost.com/wp-dyn/content/article/2009/11/15/AR2009111503270.html?hpid=topnews

 

[James48843]

A Chinese-owned GM? It could happen

As Chinese automakers eye bargains around the world, some think they could make a play for GM once it goes public.


By Chris Isidore, CNNMoney.com senior writer
Last Updated: November 24, 2009: 4:46 AM ET

GM 2012: Future cars

General Motors recently showed reporters and select members of the public what it plans to build over the next two years. View photos

NEW YORK (CNNMoney.com) -- GM could one day be Chinese owned.

A shocking concept for the ultimate all-American company, but one some auto industry experts say isn't too far-fetched.

"I can tell you right now the Chinese are shopping heavily in the U.S. auto sector," said David Cole, chairman of the Center for Automotive Research, a Michigan think tank.

Cole said such a deal isn't imminent and wouldn't happen until GM starts selling shares to the public, likely a year or more from now. But he says buying GM would be a major opportunity for the nascent Chinese auto industry.

"The Chinese have a lot of our money and they're looking to invest it," he said.

More: http://money.cnn.com/2009/11/23/news/companies/gm_china/index.htm

 

[phil]

Well, it happened today.

http://money.cnn.com/news/newsfeeds/articles/reuters/MTFH43891_2009-12-03_20-46-46_N03107875.htm

GM was not immediately available to comment. SAIC declined to comment.

It's interesting.....very interesting indeed. GM has sold a LOT of stuff to its Chinese manufacturing side. That includes a lot of intellectual property that was built for many years by the company's engineers.

It reminds me very much of what happened many years ago, when GM and Ford had opened up factories in Europe. The Germans made weapons in the factories. We bombed the factories and reimbursed GM for the damage done.

Joseph Heller's Catch-22 is the only book we need to reference. Milo Minderbender rules the world.

 

[PessOptimist]

[snip]Joseph Heller's Catch-22 is the only book we need to reference. Milo Minderbender rules the world.

Anyone know where to trade M&M Enterprises stock?

I am now motivated to read that book again, 40 years later, to see what I think now.

Phil, his name was Milo Minderbinder. We must not have typographical errors or incorrect historic references lest we be percieved as ignorant.

 

[phil]

Point well taken. Minderbinder it was. Let's call it a typo, unless I have permission to use artistic license, which would indicate that I did it on purpose?
How much to pay for artistic license, and where do I renew it?

The movie with Alan Arkin was also exceptional.

Anyone know where to trade M&M Enterprises stock?

I am now motivated to read that book again, 40 years later, to see what I think now.

Phil, his name was Milo Minderbinder. We must not have typographical errors or incorrect historic references lest we be percieved as ignorant.

 

[PessOptimist]

Point well taken. Minderbinder it was. Let's call it a typo, unless I have permission to use artistic license, which would indicate that I did it on purpose?
How much to pay for artistic license, and where do I renew it?

The movie with Alan Arkin was also exceptional.

The artistic license is 33,329.95. I am the renewal agent. Send cash and I will get back to you.

I still am looking for M&M Enterprises stock.

 

[phil]

I'll sell you mine. Found it when looking for parachute.