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Kramer, North Dakota Auto Repair Shops

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Kramer, ND Car Consumer Discussions

Re: Jim Kramer take [steve_]
by xrunner2 on Wed Nov 12 08:07:37 PST 2008
Does Cramer say anything at less that 110 decibels? THE HOUSE OF PAIN!!! BOOOOOYAAAA!
Re: UAW Contact with GM [rockylee]
by jae5 on Wed Nov 12 05:24:37 PST 2008
I don't want some other paper pushin' pansy to take the reins at GM, because these empty suits look at 5-10 year short-term profits instead of growing a solid long-term strategy !!!! Hmmm, Rock isn't this what Wagoner and company did with the trucks / SUVs? ;) While most of us here don't want to see 3 million jobs to go (which would only happen if ALL the Big 3 went under, not just BK), we can't just sit back and allow the management (the company) to continue on in its current status quo state. Plus, GM is slashing jobs anyway, as is Chrysler and Ford; well except at the corporate level. Cutting your way to profitability has never worked (similar to that "make it up on volume" business model that doesn't work either). I listen to what Jim Kramer has to say...then do the opposite because that loud-mouth is more wrong than a chiffon dress in the rain. The problem is many aren't seeing the truth and that is Wagoner and crew didn't have any type of contingency plans in place to weather any type of storm. They were just a repeat of past failures and incompetencies that is now hitting them hard in the belt. Pure arrogance. And to just give them billions and billions of dollars without a plan to use the money (other than thinking 2010 is going to be a great year)...that rope-a-dope only worked for Ali against Foreman. Their begging, eh asking for assistance, is too similar to AIG, another firm "too big to fail".
Re: Jim Kramer take [cooterbfd]
by nippononly on Tue Nov 11 23:58:17 PST 2008
but if GM files, banks can kiss goodbye $68 BILLION that GM has in debt. The Fed has handed out $2.1 TRILLION to banks so far. GM's little $68 billion is a drop in the ocean, especially when you consider all the mortgages that have yet to fail through 2009, and all the money the government has yet to hand out. If GM files, it secures its future, and will be able to sell that Volt and Cruze from a thoroughly healthy, competitive company.
Re: Jim Kramer take [fezo]
by steve_ on Tue Nov 11 17:23:29 PST 2008
Get yourself so deeply in debt that it becomes impossible to fail There's an old saw - borrow a little and you owe your soul to the bank. Borrow a lot and you own the bank. :)
Re: Jim Kramer take [62vetteefp]
by vanman1 on Tue Nov 11 17:22:45 PST 2008
For once Kramer is right. Most people do not realize how much of a disaster letting GM Ford and Chrysler die would be. It would be far far worse than anything the Taliban or Osama could do to the U.S. As for advertising.. you can't sell cars with out it. People who don't understand need a lesson in marketing 101.
Re: Jim Kramer take [fezo]
by cooterbfd on Tue Nov 11 17:19:57 PST 2008
Well, according to him, and the pundits GM's stock is already toilet paper. I would imagine that under normal circumstances GM would be able to refinance that debt, and stretch it out a little longer. But nobody can lend GM the money. If that figure is right that is 10% of the total bailout.

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