Dump General Motors From the Dow?

DUMP GM AND GMAC________________

Do not buy GMC or Ford show these rip offs whave have had it,

Do away with Gm do not use my money to bial out these fools.

Get Rid Of the U hauls on the Dow GM must go

Saturn is a division of GM. I own a 1994 Saturn SC2 with more than 200,000 miles on it. It gets over 30 mpg highway and it runs great. Aside from normal replacements like brake shoes it has needed very few repairs. If people wanted to buy an affordable and fuel efficient car made in the U.S.A. the Saturn has been around for a long time.

I drive a Ford and have owned 2 others. People who ride in it are surprised it's a Ford - they really like it. But I'm also at that age where my car is not my image any longer. Used to drive a mercedes, toyota, saab, mitsubishi, ex had a DeLorian, Lambhorgini, and more. They're OK when you need that little extra whatever it is. But a ride's a ride and unless you live in some villa out there where you get to do the zoom zoom zoom commercial every day, you're sitting in traffic with the rest of us, going zero to ten mph, for minutes or hours. And those little foreign jobs start digging into my back, my butt gets numb.... Think I'll stick with these Fords. They're cheap enough to trade out every 2 or 3 years (keep that new car smell), comfortable, create US jobs and keep the US industrial complex going. Why does no one brainstorm about enhancing the auto industrial complex into producing say solar panels at such a volume as to make them really cheap to install all over America? We can re-tool these facilities and retrain the labor...they've got the massive distributed infrastructure already available. Just trying to think of turning lemons into lemonade with all of this--but perhaps the right set of eyes will see this and can run with it. Cheers.

For all of you who buy imported cars, what do you do to deserve it? I am not against buying imported cars if they are better quality, but we must to earn those imports. The next obvious question is what do we (America) do to deserve all the imported products we buy from abroad? While an individual might do a lot to earn their products from abroad, we as a society have not replaced our manufacturing with wealth creating industries. We have printed and borrowed money, and then used that money to buy imported goods. If you go to Japan, you will notice that almost every car on the road is Japanese. Same in Korea. All the electronics are Japanese. Same in Korea. In fact, they don't need us! We do nothing to improve the lives of Asians. They have all the expertise they need to make their lives great. They produce their own wealth. We print money and buy it. The failure of the big three is not primarily due to mismanagement. It due to our collective belief that we can afford foreign engineered and foreign manufactured products without doing anything in return. The monetary policy of the Federal Reserve, and foreigners' overconfidence in the value of the dollar have gotten us to this point. When foreigners lose faith in the dollar, we will need to produce a lot more of our wealth domestically and sell it overseas to acquire the things we want and need from abroad. But we will have few factories, and little expertise in the industries we lost. It will then take decades to put ourselves back on a solid wealth-producing economic track. We have consumed too much and produced too little. The failure of the US auto industry is a failure of America. Just like the textile industry, the electronics industry, the steel industry, etc before it. Get ready for some tough times. This has been DECADES in the making.

WOW.... I cannot belive that this country's ideals have been so manipulated!!!From the lawyers who sue for the smallest non responsible actions from people who do not want to be held accoutnable for slipping in a store to someone who collects disability for a fake hurt back... The Problem is that no one wants to be productive anymore..U just want to sit on your ass and collect dividends and BUY investment properties to make money..We were founded on creativity,whether its with your hands or with your minds..CREATE something....ALl the jobs are being shopped out for the lowest wage no the best QUALITY.. Thats the differnce..PRIDE,HONOR,RESPECT, u must be taught these in a decent moral household from your mother and father and that also is not a number one agenda in AMERICA anymore.. I am very busy in my buisness and growing every month WHY??? Because i work hard and i do the best work that i can possibly create for the consumer at my buisness.. I would certainly not give money to a thief that has just ripped me off and thats what the goverment has done..They are going to strech our money so thin that we will have a dollar that is not worth anything in three years. tops.. It does not take a rocket scientist to see the writing on the wall people..TAXATION WITHOUT REPRESENTAION IS WHAT IS GOING ON NOW..PERIOD.

Americans that buy Japanese cars are "economic traitors". They are sending their hard earned dollars to Japan, along with hundreds of thousands of good-paying jobs. Jobs that their children, or their neighbor's children, could aspire to. This includes not only UAW jobs, but also engineering, technical, and managerial salaried jobs. If we keep exporting our future we will become a third world nation within one generation. Regarding quality and reliability issues - please read the latest JD Powers Quality rankings and you will see that Ford and GM have essentially closed the "percieved quality gap" with the Japanese. The propaganda that "imports are simply better quality" has been the mantra of anti-American leftists since the 1970's. Regarding fuel efficiency - please be aware that General Motors has more models tthat get above 30 mpg than any other manufacturer (including Honda and Toyota). Finally, the "legacy costs" (pensions, and health care) that America's Big 3 are saddled with were widely hailed at the time the contracts began to evolve, as "enlightened social contracts between corporations and the working man". They were widely considered models of enlightened management. These items, coupled with broad support by the Japanese government for their export auto indusrty, trade barriers to American vehicles, government paid health care, and a habit of keeping the Yen artificially low, all contributed to the rise of Japanese cars on a very "unlevel playing field". All of this coupled with some bad decisions by the Big 3, and the support of "American economic traitors", have all led to the near disastrous state of the once great American Auto Industry.

I believe that this would be a good move to remove GM from the DOW. How many times do you bail out an industry? Pelosi, How many brick walls need to be made to run into before it has to end. A note to the UA unions and the big three, A quality product, produced reasonably would sale like Hot cakes. I am an American and will buy American if I can buy a quality product without compromise. Currently quality and price equates to a foreign made product. I am not cold and do not want to see the lay offs but to bail out companies with Executive paid figures annually most people would not see in a lifetime. These Executives were paid to lead these companies into the future to excel. We are a democratic society the government should not be a lifeboat for an executive's greed, incompetencies or whatever the case maybe.

hmm, I wonder if all the retired auto workers are thinking they did a smart thing by letting the UAW force GM to pay their retirement out of future earnings rather then letting the individual auto workers invest for their own retirement. The only solution that will avoid eliminating Ford and GM is to cut loose the massive pensions they are forced to pay out. Everybody saw this scenerio coming a long time ago and it's going to happen with Social Security one day also. Americans sold their soul in the name of security to avoid responsibilty for their own well being and now all those promises have failed as expected.

The UAW has sucked the life out of GM, Ford and Chrysler. How do they compete in the same price class as Honda and Toyota? By cutting corners and quality to offset their labor wages, pension and healthcare plans that they were blackmailed into providing. Would you pay more for the exact same quality vehicle? No, you wouldn't. Americans are only looking out for themselves and will by what's cheaper, and not pay more because it's American. Now Schumer and his fellow liberals want to do away with the secret ballots for union voters. Why? To make unions stronger so they can suck the life out of every other company. Who would vote against the union when their fellower workers will know how they voted? Open voting will bring about the peer pressure the unions need. They won't be happy until they drive every company out of business. The only other solution is to lock the borders and end outside competition.

Since GM builds and makes the parts for US military vehicles (humvees for example) the need to keep them from collapsing may be affected by security needs. I seem to recall years back when Chrysler was in a downspin one of the factors to help them was that they made military engines for tanks. We should not get into a situation where we have to buy our national defense vehicles from a foriegn country.

Personally, I don't care what happens to the US auto makers. Why? They have been big babies through the rought times and frankly. Every time the government said to "Beef up gas mileage" All we ever heard from these people is,"We can't do that, it costs too much". BULL. We have the technology and had they just done what they should have, we again could have been a world leader and been getting off our oil addiction quicker and so forth. SO if they have mismanaged their businesses, then too bad. Sink or swim.

Well, if GM made decent cars, people would buy them. All they seem to focus on its trucks. My Dad has always owned GM cars, and they've always had problems. That's why I buy Toyota made in California and Japan. The company and its management should go down, just like the unions that bled them dry. If their cars are now better rated by JD Power or whoever, well, that's a little too late.

Listen. The American Auto Industry spends millions lobbying CA and US Govt's to undo fuel emission standards legislation. They are the reason our air quality sucks in CA. I wish they would let them go under. They sold out America when they moved jobs overseas under Nafta. Get rid of Nafta and they will change their lousy tune.

I too would buy an "American" car if it ran well and saved me on gas. QUALITY, not OUT OF TOUCH CEO FAT CATS. Eventually they are going to figure out they need us "consumers." Aren't we sick and tired of that label anyway?!

This to me is not so much about GM and bailouts, enough has already been said (and justly) about those situations. It is about how Wall Street tries to dress up what is essentially a rotten situation in an attempt to salvage themselves and the financial adviser/consultant community. I got out of the stock market some time ago. Thank God! I have been suspicious about corruption on Wall Street for a long time and I don't think I am alone. Especially since the revelations of the past few months. I don't know if I would ever invest in Wall Street again. It is proposals such as dropping GM from the Dow that really settle the issue for me. As in the past, Wall Street decides that if a company is not looking good (or supposedly is not with the times) they start gimmicking up the DOW by replacing it with an "in favor stock". Of course this makes the Dow Jones Industrial average look better and hides the extent of the problems we are facing, which makes it easier for Wall Street and financial advisers to lull smaller and less informed investors into the market.

Liz,you make the most sense of anyone on any business show on a daily basis.

I'm the first one to believe in most of what you all say about not wanting to bailout a mismanaged corporation(s), but we all need to put those types of emotions aside. Unfortunately, for the American tax payer, it is essential that the big 3 DO NOT go under. The consequences we will face if this industry no longer exists, will be a far far greater burden on the tax payers than any bailout would cost. Think about the unemployment rate which will directly effect the 3 companies and the indirect unemployment rate (suppliers), we are already at a 25 year high with unemployment at 6.5%. The crash of this industry may leave us with a rate that could exceed 15%. We, as tax payers will be paying for this industry's demaise one way or another. I say we need to look at this from an objective business solution, which costs tax payers less, even if that means these companies get an unearned bailout. The future crisis that will exist if we don't keep valuable resources in the USA, will be incomprehensible. So let's look at this as a business decision not a personal (emotional) decision.

The union needs to make serious concessions before GM gets any money. Whether the money from the government is a grant or loan. Spending good money after bad for conditions that will not make the automakers any more competitive will only prolong the eventual demise of the automakers. I can’t see how any company and union could be making a good decision to pay workers 140K plus to put windshield wipers on a car when I’m making 55k to be a software engineer. There has to be parity somewhere. If the automakers want only the UAW member to be their only customers then they should just continue doing business as usual without any government help. I cannnot understand why I need to be subsidizing people who are making rediculous wages.

Letting the car companies go bankrupt might be a blessing in disguise. Since they forced the situation with greed and bad decision making like the banking businesses, did let them go under. Just say no to greed. Where is Nacy Regan? What about the 2.5 million jobs? Well, let the soon-to-be auto workers either get new jobs as rickeshaw drivers or convert the plants into manufacturers of windmill generators and solar panels. The new green industries can be made from the old. This is where the blessing in disguise comes from. No new lones/grants to the automakers…only money to upgrade their factories to green energy products. Hopefully the new convertaprop windmills will appear in the windgenerator catalogs and showrooms soon.

To those that GM was the best, I say the market has spoken. You can't argue against that. The UAW has priced itself out of the market and the market is always right. When GM, Ford, and Chrysler go out of business then new companies will emerge that will learn from history what is required to be competitive. If you think that I don't care about the US manufacturers, you are right. This is a competitive world and the bottom line is that government will not be able to bail your companies out. Any help from the govt will just prolong the inevitalbe. Heny Ford's idea was to provide a car that every working person could afford. If the companies had held to that premise, all would still be right. Its only when greed and incompetance from the company side and the UAW did the basis of the industry become corrupt, inept and stupid.

Remove them from the DOW, as Wall Street has done with every other failing industry/company. Bail them out - NO!!!! Let them file Chapter 11 bankruptcy like any other US company that is unable to manage its business, successfully sell its products, or let's its costs run wild. All 3 US car manufacturers have the highest labor costs in the car industry - not warranted by the quality & longevity of their products. If the UAW wants the American taxpayer to bail them out so they can get their medical and pension plans funded, I have an alternative idea. Let UAW present to Wall Street a plan to takeover GM and make it profitable by them running it. Doubt they have the courage to do that - would require them to tell their members to "get a crip."

I agree it is time to dump GM from the Dow. They are the worst of the big three and we should not reward them. They are like an old car that is no longer worth fixing.