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    All Forums | Politics

    The kiss of death for Detroit....

    12 Next Last»
    KOAJ
    be easy
    kingme
    CapoDiTuttiCapi
    mta6
    ...
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    12 Next Last»
     
    KOAJ
    KOAJ
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    Posted: Nov. 20, 2008 - 11:24 AM ET #1

    WASHINGTON (MarketWatch) -- Rep. Henry Waxman of California has been elected the new chairman of the powerful House Energy and Commerce Committee, replacing veteran lawmaker and Detroit-ally Rep. John Dingell. The 137 to 122 vote by Democratic lawmakers on Thursday marks a significant shift in congressional leadership, and opens the door to stronger environmental standards for the auto industry. Dingell, a staunch supporter of the U.S. auto industry, has successfully blocked tighter regulations for carbon emmission standards
    --------------
    so we are probably going to bailout the autos in january and then we're going to sic Waxman on them to improve environmental standards as well?



    chapter 11 is a necessity at this point
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    WASHINGTON (MarketWatch) -- Rep. Henry Waxman of California has been elected the new chairman of the powerful House Energy and Commerce Committee, replacing veteran lawmaker and Detroit-ally Rep. John Dingell. The 137 to 122 vote by Democratic lawmakers on Thursday marks a significant shift in congressional leadership, and opens the door to stronger environmental standards for the auto industry. Dingell, a staunch supporter of the U.S. auto industry, has successfully blocked tighter regulations for carbon emmission standards
    --------------
    so we are probably going to bailout the autos in january and then we're going to sic Waxman on them to improve environmental standards as well?



    chapter 11 is a necessity at this point
     
    be easy
    be easy
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    Posted: Nov. 20, 2008 - 11:25 AM ET #2

    the next bubble, alternative energy
     
     
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    the next bubble, alternative energy
     
     
     
    KOAJ
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    Posted: Nov. 20, 2008 - 11:30 AM ET #3

    alt energy

    amazing how the industry has survived this long on tax credits alone without creating a viable, affordable product that consumers actually want

    ethanol, wind, solar panels

    all goes away when oil is back in the 40s
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    alt energy

    amazing how the industry has survived this long on tax credits alone without creating a viable, affordable product that consumers actually want

    ethanol, wind, solar panels

    all goes away when oil is back in the 40s
     
    kingme
    kingme
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    Posted: Nov. 20, 2008 - 11:31 AM ET #4

    Quote Originally Posted by be easy:

    the next bubble, alternative energy
     
     

    NO - just once again.  I made a killing shorting alternative (green) stocks in 2000-2001.  They were a big bubble then, and will be bigger this time around.

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    Quote Originally Posted by be easy:

    the next bubble, alternative energy
     
     

    NO - just once again.  I made a killing shorting alternative (green) stocks in 2000-2001.  They were a big bubble then, and will be bigger this time around.

     
    kingme
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    Posted: Nov. 20, 2008 - 11:33 AM ET #5

    Quote Originally Posted by KOAJ:

    alt energy

    amazing how the industry has survived this long on tax credits alone without creating a viable, affordable product that consumers actually want

    ethanol, wind, solar panels

    all goes away when oil is back in the 40s

    They require government subsidies for a reason.... nobody is willing to pay for them !

    Gawd this economics stuff is so simple, but why is it that very few really understand that government should just step aside?

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    Quote Originally Posted by KOAJ:

    alt energy

    amazing how the industry has survived this long on tax credits alone without creating a viable, affordable product that consumers actually want

    ethanol, wind, solar panels

    all goes away when oil is back in the 40s

    They require government subsidies for a reason.... nobody is willing to pay for them !

    Gawd this economics stuff is so simple, but why is it that very few really understand that government should just step aside?

     
    CapoDiTuttiCapi
    CapoDiTuttiCapi
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    Posted: Nov. 20, 2008 - 11:34 AM ET #6

    Let them fail
     
    New investors buy up the assets and re-tool the factories
    after a year or so rehire workers who are willing to work for livable wages (15 an hour and normal medical coverage ) no quadruple time for working a Sunday holiday after 40 hours etc
     
    I have even heard horror stories of truckers having to deliver to union places and having to go through about 5 people to get their freight unloaded
     
    1) guy to tell you what dock to use
    2) guy who unloads fright
    3) guy who verifies freight
    4) guy who puts away freight
    5) guy who signs bills
     
      Now truck drivers
    They keep America rolling, and I admire almost all of those folks that do that demanding job.
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    Let them fail
     
    New investors buy up the assets and re-tool the factories
    after a year or so rehire workers who are willing to work for livable wages (15 an hour and normal medical coverage ) no quadruple time for working a Sunday holiday after 40 hours etc
     
    I have even heard horror stories of truckers having to deliver to union places and having to go through about 5 people to get their freight unloaded
     
    1) guy to tell you what dock to use
    2) guy who unloads fright
    3) guy who verifies freight
    4) guy who puts away freight
    5) guy who signs bills
     
      Now truck drivers
    They keep America rolling, and I admire almost all of those folks that do that demanding job.
     
    be easy
    be easy
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    Posted: Nov. 20, 2008 - 11:43 AM ET #7

    i really wish covers could just cut the crap, and ban bob already. Or better yet, Bob, get the point that nobody here cares what you have to say, and move on. find another forum to try and make friends at
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    i really wish covers could just cut the crap, and ban bob already. Or better yet, Bob, get the point that nobody here cares what you have to say, and move on. find another forum to try and make friends at
     
    kingme
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    Posted: Nov. 20, 2008 - 11:46 AM ET #8

    Quote Originally Posted by CapoDiTuttiCapi:

    Let them fail
     
    New investors buy up the assets and re-tool the factories
    after a year or so rehire workers who are willing to work for livable wages (15 an hour and normal medical coverage ) no quadruple time for working a Sunday holiday after 40 hours etc
     
    I have even heard horror stories of truckers having to deliver to union places and having to go through about 5 people to get their freight unloaded
     
    1) guy to tell you what dock to use
    2) guy who unloads fright
    3) guy who verifies freight
    4) guy who puts away freight
    5) guy who signs bills
     
      Now truck drivers
    They keep America rolling, and I admire almost all of those folks that do that demanding job.

    It really cannot work quite like that though.... The industry will have to stay alive at some level, even if on life support.  Yes reorganization and new ownership (hopefully killing off the UAW), but most importantly keeping the industry going.

    All the major changes that need to be made can be done like that, but not with the industry goins away for a year.  Way too much fallout for that to happen (supply base, etc).  There are assembly plants all over the midwest and the south that are the primary economy for these mid-sized communities.  Many of them will go away, but hopefully not too many.  This is NOT just a Detroit issue.

    I would like to see the key design guys stay on.  Automotive guys know what I'm talking about.  A GM should be a GM product.  It's different from a Ford or a Mopar.

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    Quote Originally Posted by CapoDiTuttiCapi:

    Let them fail
     
    New investors buy up the assets and re-tool the factories
    after a year or so rehire workers who are willing to work for livable wages (15 an hour and normal medical coverage ) no quadruple time for working a Sunday holiday after 40 hours etc
     
    I have even heard horror stories of truckers having to deliver to union places and having to go through about 5 people to get their freight unloaded
     
    1) guy to tell you what dock to use
    2) guy who unloads fright
    3) guy who verifies freight
    4) guy who puts away freight
    5) guy who signs bills
     
      Now truck drivers
    They keep America rolling, and I admire almost all of those folks that do that demanding job.

    It really cannot work quite like that though.... The industry will have to stay alive at some level, even if on life support.  Yes reorganization and new ownership (hopefully killing off the UAW), but most importantly keeping the industry going.

    All the major changes that need to be made can be done like that, but not with the industry goins away for a year.  Way too much fallout for that to happen (supply base, etc).  There are assembly plants all over the midwest and the south that are the primary economy for these mid-sized communities.  Many of them will go away, but hopefully not too many.  This is NOT just a Detroit issue.

    I would like to see the key design guys stay on.  Automotive guys know what I'm talking about.  A GM should be a GM product.  It's different from a Ford or a Mopar.

     
    mta6
    mta6
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    Posted: Nov. 20, 2008 - 12:17 PM ET #9

    Quote Originally Posted by CapoDiTuttiCapi:

    Let them fail
     
    New investors buy up the assets and re-tool the factories
    after a year or so rehire workers who are willing to work for livable wages (15 an hour and normal medical coverage ) no quadruple time for working a Sunday holiday after 40 hours etc
     
    I have even heard horror stories of truckers having to deliver to union places and having to go through about 5 people to get their freight unloaded
     
    1) guy to tell you what dock to use
    2) guy who unloads fright
    3) guy who verifies freight
    4) guy who puts away freight
    5) guy who signs bills
     
      Now truck drivers
    They keep America rolling, and I admire almost all of those folks that do that demanding job
    .

     

    damn koaj how do you go day in and day out and allow this guy

    to make you look like a fool

    doesnt pride kick in at some point and you say i dont care if you

    agree with my assanine statements i cant have you making me

    or covers look like morons

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    Quote Originally Posted by CapoDiTuttiCapi:

    Let them fail
     
    New investors buy up the assets and re-tool the factories
    after a year or so rehire workers who are willing to work for livable wages (15 an hour and normal medical coverage ) no quadruple time for working a Sunday holiday after 40 hours etc
     
    I have even heard horror stories of truckers having to deliver to union places and having to go through about 5 people to get their freight unloaded
     
    1) guy to tell you what dock to use
    2) guy who unloads fright
    3) guy who verifies freight
    4) guy who puts away freight
    5) guy who signs bills
     
      Now truck drivers
    They keep America rolling, and I admire almost all of those folks that do that demanding job
    .

     

    damn koaj how do you go day in and day out and allow this guy

    to make you look like a fool

    doesnt pride kick in at some point and you say i dont care if you

    agree with my assanine statements i cant have you making me

    or covers look like morons

     
    KOAJ
    KOAJ
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    Posted: Nov. 20, 2008 - 12:30 PM ET #10

    mta - working on it
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    mta - working on it
     
    LeRinkRat
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    Posted: Nov. 20, 2008 - 12:46 PM ET #11

    CapoDiTuttiCapi BANNED
     
    (it's about damn time)
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    CapoDiTuttiCapi BANNED
     
    (it's about damn time)
     
    wallstreetcappers
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    Posted: Nov. 20, 2008 - 1:31 PM ET #12

    CLNE (Boone's company) at an all time low today.
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    CLNE (Boone's company) at an all time low today.
     
    NASCAR-Sucks
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    Posted: Nov. 20, 2008 - 3:19 PM ET #13

    Don't compare ethanol to wind and solar.
     
    Anyone who got suckered into that ethanol hype clearly has no idea what they are talking about.
     
    Wind and Solar are still viable sources of renewable energy. And they will only become more efficient as time goes on.
     
    On a side note: My old man is having a geothermal heating system installed currently. And the system works well as it creates heat in winter and acts as an air conditioner in the summer. (Essentially with a heat pump.) Very cool investment. I look forward to seeing how well it works.
     
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    Don't compare ethanol to wind and solar.
     
    Anyone who got suckered into that ethanol hype clearly has no idea what they are talking about.
     
    Wind and Solar are still viable sources of renewable energy. And they will only become more efficient as time goes on.
     
    On a side note: My old man is having a geothermal heating system installed currently. And the system works well as it creates heat in winter and acts as an air conditioner in the summer. (Essentially with a heat pump.) Very cool investment. I look forward to seeing how well it works.
     
     
    NASCAR-Sucks
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    Posted: Nov. 20, 2008 - 3:20 PM ET #14

    Sorry... the system "supposedly" works well ..
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    Sorry... the system "supposedly" works well ..
     
    cd329
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    Posted: Nov. 20, 2008 - 3:20 PM ET #15

    How the hell has oil dropped to the 40's from 150 in july.  That is flat out amazing.  I would bet that the world is still using over 100 million barrels of oil a day just like it was doing in july.
     
    Also with all the stocks dropping like rocks, who are the actual people making this money? I mean somebody has got to be pocketing this money.
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    How the hell has oil dropped to the 40's from 150 in july.  That is flat out amazing.  I would bet that the world is still using over 100 million barrels of oil a day just like it was doing in july.
     
    Also with all the stocks dropping like rocks, who are the actual people making this money? I mean somebody has got to be pocketing this money.
     
    FriedShrimp
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    Posted: Nov. 20, 2008 - 3:23 PM ET #16

    Quote Originally Posted by NASCAR-Sucks:

    Don't compare ethanol to wind and solar.
     
    Anyone who got suckered into that ethanol hype clearly has no idea what they are talking about.
     
    Wind and Solar are still viable sources of renewable energy. And they will only become more efficient as time goes on.
     
    On a side note: My old man is having a geothermal heating system installed currently. And the system works well as it creates heat in winter and acts as an air conditioner in the summer. (Essentially with a heat pump.) Very cool investment. I look forward to seeing how well it works.
     

    Geothermal heating is popping up here in Atlanta.  I think it works.  Numbers look good.  Could be way off but I think I heard it is around $15k to put the basics in but it totally eliminates the heating bill.

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    Quote Originally Posted by NASCAR-Sucks:

    Don't compare ethanol to wind and solar.
     
    Anyone who got suckered into that ethanol hype clearly has no idea what they are talking about.
     
    Wind and Solar are still viable sources of renewable energy. And they will only become more efficient as time goes on.
     
    On a side note: My old man is having a geothermal heating system installed currently. And the system works well as it creates heat in winter and acts as an air conditioner in the summer. (Essentially with a heat pump.) Very cool investment. I look forward to seeing how well it works.
     

    Geothermal heating is popping up here in Atlanta.  I think it works.  Numbers look good.  Could be way off but I think I heard it is around $15k to put the basics in but it totally eliminates the heating bill.

     
    KOAJ
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    Posted: Nov. 20, 2008 - 3:33 PM ET #17

    nascar - i only compared b/c all 3 are supported by government subsidies or tax credits. they arent viable on their own or they would be

    cd - there are very few people making money. either you are all cash, short stock, or long short ETFs...thats it and i dont understand bonds enough to explain how to make money there
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    nascar - i only compared b/c all 3 are supported by government subsidies or tax credits. they arent viable on their own or they would be

    cd - there are very few people making money. either you are all cash, short stock, or long short ETFs...thats it and i dont understand bonds enough to explain how to make money there
     
    NASCAR-Sucks
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    Posted: Nov. 20, 2008 - 3:39 PM ET #18

    Quote Originally Posted by FriedShrimp:

    Geothermal heating is popping up here in Atlanta.  I think it works.  Numbers look good.  Could be way off but I think I heard it is around $15k to put the basics in but it totally eliminates the heating bill.

    My old man has currently spent under 8 Grand. That includes the digging. Mind you this is for a 1 story house with a basement. Not sure on the square footage.

    Koaj: How the ethanol craze took over I have no idea. But Solar has the potential to become great. It's not there yet... but it could be.

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    Quote Originally Posted by FriedShrimp:

    Geothermal heating is popping up here in Atlanta.  I think it works.  Numbers look good.  Could be way off but I think I heard it is around $15k to put the basics in but it totally eliminates the heating bill.

    My old man has currently spent under 8 Grand. That includes the digging. Mind you this is for a 1 story house with a basement. Not sure on the square footage.

    Koaj: How the ethanol craze took over I have no idea. But Solar has the potential to become great. It's not there yet... but it could be.

     
    cd329
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    Posted: Nov. 20, 2008 - 3:53 PM ET #19

    Quote Originally Posted by KOAJ:

    nascar - i only compared b/c all 3 are supported by government subsidies or tax credits. they arent viable on their own or they would be

    cd - there are very few people making money. either you are all cash, short stock, or long short ETFs...thats it and i dont understand bonds enough to explain how to make money there

     

    Thanks for the info

    Looks like my buying citi today wasnt such a idea

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    Quote Originally Posted by KOAJ:

    nascar - i only compared b/c all 3 are supported by government subsidies or tax credits. they arent viable on their own or they would be

    cd - there are very few people making money. either you are all cash, short stock, or long short ETFs...thats it and i dont understand bonds enough to explain how to make money there

     

    Thanks for the info

    Looks like my buying citi today wasnt such a idea

     
    KOAJ
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    Posted: Nov. 20, 2008 - 3:56 PM ET #20

    well the most you can lose is $5 a share

    my only stock plays for now are dividend plays...large cap, cash rich, low debt companies

    i dont trust a bank or a lender of any kind right now. neither does the mkt
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    well the most you can lose is $5 a share

    my only stock plays for now are dividend plays...large cap, cash rich, low debt companies

    i dont trust a bank or a lender of any kind right now. neither does the mkt
     
    Mikael99
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    Posted: Nov. 20, 2008 - 4:21 PM ET #21

    Just wait and see OPEC will cut production now so that prices can go up again and they can start making a killing.

    Total BS
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    Just wait and see OPEC will cut production now so that prices can go up again and they can start making a killing.

    Total BS
     
    rick3117
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    Posted: Nov. 20, 2008 - 4:36 PM ET #22

    i must have missed something,  what did Capo get banned for???
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    i must have missed something,  what did Capo get banned for???
     
    cd329
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    Posted: Nov. 20, 2008 - 5:01 PM ET #23

    Quote Originally Posted by rick3117:

    i must have missed something,  what did Capo get banned for???

     

    For being an alias of Amazing Mets

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    Quote Originally Posted by rick3117:

    i must have missed something,  what did Capo get banned for???

     

    For being an alias of Amazing Mets

     
    rick3117
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    Posted: Nov. 20, 2008 - 5:14 PM ET #24

    how did they figure that out??
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    how did they figure that out??
     
     
    Mikael99
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    Posted: Nov. 20, 2008 - 6:10 PM ET #25

    Maybe his talk about trucks.
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    Maybe his talk about trucks.
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