Comments on: GM Bites the Bullet… Will the Dollar Follow? http://pennysleuth.com/gm-bites-the-bullet-will-the-dollar-follow/ Penny stocks, small-cap stocks, pink sheet stocks and OTCBB coverage by unbiased and independent analysts. Fri, 20 Nov 2009 16:12:50 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: High stock market » Blog Archive » GM Bites the Bullet… Will the Dollar Follow? http://pennysleuth.com/gm-bites-the-bullet-will-the-dollar-follow/comment-page-1/#comment-15980 High stock market » Blog Archive » GM Bites the Bullet… Will the Dollar Follow? Fri, 12 Jun 2009 05:12:14 +0000 http://pennysleuth.com/?p=3145#comment-15980 [...] GM Bites the Bullet… Will the Dollar Follow? [...] [...] GM Bites the Bullet… Will the Dollar Follow? [...]

]]> By: Mike http://pennysleuth.com/gm-bites-the-bullet-will-the-dollar-follow/comment-page-1/#comment-15976 Mike Thu, 11 Jun 2009 22:19:22 +0000 http://pennysleuth.com/?p=3145#comment-15976 First, let's dispel the myth that the American automobile was 'inferior.' While it may have been true at one time, it is not true today. Vehicle performance and quality is as good as anywhere in the world. That said, I agree that the overpriced workforce made sure that when you paid $25k for an American car you were not getting the same $25k of value you would get if you purchased a car from one of the overseas manufacturers. Of much graver concern is the shredding of the free market by this administration. Who will be interested in investing in secured bonds now that it's clear that the government can dissolve those contracts with no fear of legal recourse? For that reason alone I won't be buying another car from GM or Chrysler, and I've been a loyal customer for the last 20 years. Arguably now that GM is owned by President Obama and the UAW, I would expect the quality and most of all the performance of American cars to rapidly decline, losing all of the gains made in recent years. That's truly sad, but when has a government-run enterprise ever showed a profit? Amtrak? Nope. Postal services? Nope. The American dream is rapidly turning into a nightmare. First, let’s dispel the myth that the American automobile was ‘inferior.’ While it may have been true at one time, it is not true today. Vehicle performance and quality is as good as anywhere in the world. That said, I agree that the overpriced workforce made sure that when you paid $25k for an American car you were not getting the same $25k of value you would get if you purchased a car from one of the overseas manufacturers.

Of much graver concern is the shredding of the free market by this administration. Who will be interested in investing in secured bonds now that it’s clear that the government can dissolve those contracts with no fear of legal recourse? For that reason alone I won’t be buying another car from GM or Chrysler, and I’ve been a loyal customer for the last 20 years. Arguably now that GM is owned by President Obama and the UAW, I would expect the quality and most of all the performance of American cars to rapidly decline, losing all of the gains made in recent years. That’s truly sad, but when has a government-run enterprise ever showed a profit? Amtrak? Nope. Postal services? Nope.

The American dream is rapidly turning into a nightmare.

]]> By: Abbey Herring http://pennysleuth.com/gm-bites-the-bullet-will-the-dollar-follow/comment-page-1/#comment-15971 Abbey Herring Thu, 11 Jun 2009 17:48:38 +0000 http://pennysleuth.com/?p=3145#comment-15971 great blogging!! great blogging!!

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