Comments on: Cracking Heads at GM, Ford and Chrysler http://www.contrarianprofits.com/articles/cracking-heads-at-gm-ford-and-chrysler/9169 Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Thu, 19 Nov 2009 15:59:58 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Joe http://www.contrarianprofits.com/articles/cracking-heads-at-gm-ford-and-chrysler/9169/comment-page-1#comment-8014 Joe Sat, 06 Dec 2008 05:27:10 +0000 http://www.contrarianprofits.com/?p=9169#comment-8014 Those who trade equities have much to share with blame. Day traders are demons, true pirates on the sea of capitalism. Gone are the days of investment with stable equivilents, decent markets, fundamental balance sheets and income statement. Enter the day of emotional investment that is tied directly to those who control the political purse strings. Essentially, reverse back to the times where those with the ability to control money decide what makes money and hard work, good decision making and intutition mean nothing. Gladly we should applaud the death of capitalism, for it is not capitalism where those businesses which should fail are kept alive to thereby kill the desire to succeed. Capitalism requires competition and competion does not exist when money mongers quash those who would bring forth innovation. Those who trade equities have much to share with blame. Day traders are demons, true pirates on the sea of capitalism. Gone are the days of investment with stable equivilents, decent markets, fundamental balance sheets and income statement. Enter the day of emotional investment that is tied directly to those who control the political purse strings. Essentially, reverse back to the times where those with the ability to control money decide what makes money and hard work, good decision making and intutition mean nothing.

Gladly we should applaud the death of capitalism, for it is not capitalism where those businesses which should fail are kept alive to thereby kill the desire to succeed. Capitalism requires competition and competion does not exist when money mongers quash those who would bring forth innovation.

]]> By: Joe http://www.contrarianprofits.com/articles/cracking-heads-at-gm-ford-and-chrysler/9169/comment-page-1#comment-8013 Joe Sat, 06 Dec 2008 05:26:40 +0000 http://www.contrarianprofits.com/?p=9169#comment-8013 Any idea of giving American taxpayers money to buy decrepit, ill designed UAW built cars is about as dumb as giving tax credits for gas guzling SUV's for soccer moms (oops, hockey moms) to run to the local mart to buy milk and eggs. The "deal" between the government and to collective oil and car manufacturing industries must end. This is the 21st century. Focus should be on mass transit, efficient delivery for goods, and the communication infrastructure that moots the need to move humans. Move human intelligence not human flesh. Instead of focusing on what UAW workers make, and saying they ought not ask lesser paid taxpayers to assist an industry in which each of these workers toil with deadly and excessively repeative jobs, ask what penalty applies to the executives who ran the company into the ground. Don't kill the worker and spare the boss who made bad decisions. Any idea of giving American taxpayers money to buy decrepit, ill designed UAW built cars is about as dumb as giving tax credits for gas guzling SUV's for soccer moms (oops, hockey moms) to run to the local mart to buy milk and eggs. The "deal" between the government and to collective oil and car manufacturing industries must end. This is the 21st century. Focus should be on mass transit, efficient delivery for goods, and the communication infrastructure that moots the need to move humans. Move human intelligence not human flesh.

Instead of focusing on what UAW workers make, and saying they ought not ask lesser paid taxpayers to assist an industry in which each of these workers toil with deadly and excessively repeative jobs, ask what penalty applies to the executives who ran the company into the ground. Don't kill the worker and spare the boss who made bad decisions.

]]> By: Sherry Jansen http://www.contrarianprofits.com/articles/cracking-heads-at-gm-ford-and-chrysler/9169/comment-page-1#comment-7542 Sherry Jansen Thu, 27 Nov 2008 01:45:18 +0000 http://www.contrarianprofits.com/?p=9169#comment-7542 OPEC is planning to cut production further and will continue to do so until they get prices back up where they want them to be. While we are doing the happy dance around the pumps we are totally missing the next chapter in our dependence on foreign oil. Someone said in an article yesterday it is rather like trying to talk to someone standing in the pouring rain under an umbrella about a possible upcoming drought. How true. America has tunnel vision. And short term memory loss when it comes to oil and our dependence on it and their control over us. They have us over a barrel literally and they know it. When will we all get that? We need to get on with utilizing alternative energy. Jeff Wilson has a new book out called The Manhattan Project of 2009 Energy Independence NOW. Very interesting and insightful. <a href="http://www.themanhattanprojectof2009.com " target="_blank">www.themanhattanprojectof2009.com </a> I just think too little attention is given to the oil prices last year and their role in all of our economic woes. OPEC is planning to cut production further and will continue to do so until they get prices back up where they want them to be. While we are doing the happy dance around the pumps we are totally missing the next chapter in our dependence on foreign oil. Someone said in an article yesterday it is rather like trying to talk to someone standing in the pouring rain under an umbrella about a possible upcoming drought. How true. America has tunnel vision. And short term memory loss when it comes to oil and our dependence on it and their control over us. They have us over a barrel literally and they know it. When will we all get that? We need to get on with utilizing alternative energy. Jeff Wilson has a new book out called The Manhattan Project of 2009 Energy Independence NOW. Very interesting and insightful. http://www.themanhattanprojectof2009.com I just think too little attention is given to the oil prices last year and their role in all of our economic woes.

]]> By: Sherry Jansen http://www.contrarianprofits.com/articles/cracking-heads-at-gm-ford-and-chrysler/9169/comment-page-1#comment-7541 Sherry Jansen Thu, 27 Nov 2008 01:43:09 +0000 http://www.contrarianprofits.com/?p=9169#comment-7541 They did this to themselves. We allowed them to do this to themselves. Then we fly to meetings in a leer jet to beg for a handout. What an utter gross sense of entitlement these guys seem to have. This is no easy situation. If you had say, a store that had bad management and ran the store in the ground, would you hand them a chunk of money and business as usual. No, first thing you would do is bring in new blood. What a mess our country is in. There is no easy answer. We bail out everybody and his brother and one major aspect to all of this is the role was the historically high price of gas this past year. That one aspect alone did more damage to our economy and society alone. Jobs and homes have been lost at a record rate as a direct result of the high fuel prices. Production and shipping costs were passed on to the consumer in every imaginable product from food to our utility bills. We cut back because we had less to spend. That resulted in even more jobs lost. We need to take some of these billions and first bail America out of its dependence on foreign oil. Yes gas prices are low. NO they are not going to stay low. They did this to themselves. We allowed them to do this to themselves. Then we fly to meetings in a leer jet to beg for a handout. What an utter gross sense of entitlement these guys seem to have. This is no easy situation. If you had say, a store that had bad management and ran the store in the ground, would you hand them a chunk of money and business as usual. No, first thing you would do is bring in new blood. What a mess our country is in. There is no easy answer. We bail out everybody and his brother and one major aspect to all of this is the role was the historically high price of gas this past year. That one aspect alone did more damage to our economy and society alone. Jobs and homes have been lost at a record rate as a direct result of the high fuel prices. Production and shipping costs were passed on to the consumer in every imaginable product from food to our utility bills. We cut back because we had less to spend. That resulted in even more jobs lost. We need to take some of these billions and first bail America out of its dependence on foreign oil. Yes gas prices are low. NO they are not going to stay low.

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