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Re: The $700 Billion bailout [lemko]
by tlong on Fri Nov 14 23:20:13 PST 2008
Well, if they're on crack to bailout the Big Three, then they were shooting up heroin with a turkey baster, snorting coke with the assistance of a vacuum cleaner and smoking blunts the size of telephone poles while swilling Everclear out of flower vases when they bailed out the banks and Wall Street. you know lemko, you and I don't agree on hardly anything, but that is an outstanding post!
Re: The $700 Billion bailout [circlew]
by lemko on Fri Nov 14 19:53:22 PST 2008
Well, if they're on crack to bailout the Big Three, then they were shooting up heroin with a turkey baster, snorting coke with the assistance of a vacuum cleaner and smoking blunts the size of telephone poles while swilling Everclear out of flower vases when they bailed out the banks and Wall Street.
Re: Cerberus and GM together is a dreadful idea! [farout]
by lemko on Mon Nov 10 06:05:17 PST 2008
Farout, you rock! My city wouldn't be the crime-infested cesspool it is had all those well-paying manufacturing jobs remained. Philadelphia was once called "The Workshop of the World" and many fine products were made here from Stetson hats to locomotives. About the only things manufactured here these days are crack rocks and blunts. Maybe these domestic bashers will wake up when all of America becomes one vast violent rustbelt ghetto and they're too frightened to leave their homes.
Re: my take [vanman1]
by lemko on Mon Nov 10 05:54:57 PST 2008
We've lost too many industries already. I'd hate to see the auto industry follow the consumer electronics, steel, and textile industries. I was disassembling an old fluorescent light fixture. The ballast was made in Paterson, NJ. Must be an old fixture. The only things currently manufactured in Paterson are crack rocks and blunts. The way things are going, the only industry that's going to expand in the U.S. is prisons.
Re: "THAT sale is special for a number of reasons. " [tidester]
by duke23 on Sat Nov 01 01:14:21 PDT 2008
Private email to you. Credit Crunch issues agreed. I'll let richard diagram ours. Pi on some faces. We all use ... but some more than others. Now on to relevant topic: October auto sales may have hit two-decade lowOctober 31, 2008 7:22 PM ET All Thomson Reuters newsDETROIT (Reuters) - U.S. auto sales are expected to plunge to the lowest levels of the year in October and possibly the slowest running rate in two decades, with no certainty of when consumer confidence will return. The U.S. automakers, struggling to preserve their shrinking pools of cash as they fight for survival, are poised to post sales declines of up to 40 percent, with the overall market sagging potentially to levels not seen since the 1980s, when the United States had 60 million fewer residents. General Motors Corp, Ford Motor Co and Chrysler LLC are expected to lead the U.S. sales declines, but all six of the top sellers -- including Toyota Motor Corp, Honda Motor Co Ltd and Nissan Motor Co Ltd -- were expected to report lower sales. High gas prices blunted U.S. auto sales earlier in 2008, but the plunge in consumer confidence -- which hit the lowest level in the four decades as the Conference Board measured it -- has pushed out expectations for a recovery beyond next year. U.S. October auto sales were "pretty much as advertised," Ford chief sales analyst George Pipas said on Friday, adding that the seasonally adjusted annual rate would likely be around 11 million to 12 million vehicles in October. But Ford executives hope that government response to the credit crisis would improve the overall retail atmosphere. "There is a lot of action being taken by the Federal government, by the Federal Reserve, and by the Congress and we are hopeful that will stimulate demand," said Mark Fields, Ford's president of the Americas. In a bright spot, Ford is confident its retail share of the U.S. auto market in October will rise to the highest in two years. Barclays Capital analyst Brian Johnson expects a 39 percent drop in sales for the Detroit-based automakers in October, which was marked by low consumer confidence and "particularly poor showroom traffic." "We believe that the pressure on auto sales from limited credit availability is mounting," Johnson said, adding it appeared dealers were facing a 10 percent to 15 percent headwind from the tighter lending practices. A BAD MONTH ... NOW A DEAL? Overall, U.S. light vehicle sales were expected to be in a range of 11 million to 11.3 million vehicles, according to analysts and industry executives -- a sharp decline from 16.04 million last October and 12.5 million last month. Overshadowing the U.S. sales figures, key early indicators that economists use to gauge consumer spending and the broad health of the U.S. economy, are the merger talks between GM and Chrysler parent Cerberus Capital Management, which could result in the sale of all or part of Chrysler to GM. Automakers pushed in October to tell customers that financing was still available despite the credit market turmoil and, in some cases, put thousands of dollars on the hood of slower-selling models to try to clinch the sale. Toyota, which led GM in the third quarter as the world's largest automaker by sales volume, offered zero percent financing across 11 models in an effort to boost demand. Toyota's U.S. sales were down 10 percent through September. Nissan said on Friday it was offering interest free loans on five popular models, including Altima and Sentra sedans. Nissan expects a boost in sales in November and December from the loan incentive, which runs through January 5. Some dealers have said consumers were having a tough time closing new car deals because many lenders tightened their standards or had completely pulled out of the auto loans market. GMAC, earlier this month, announced it would offer auto loans only to consumers who have high credit scores, a decision that is expected to hurt GM's sales further. On an unadjusted basis, Edmunds.com expects GM sales to drop 40.7 percent, Chrysler to drop 38.1 percent and Ford to drop 34.7 percent. It expects a 29.2 percent drop at Nissan, a 17.2 percent slide at Honda and a 15.5 percent fall at Toyota. "Looking ahead, November is traditionally one of the worst sales months of the year and December is usually one of the best," Edmunds.com executive director of industry analysis Jesse Toprak said. "If the election and other variables don't have a significant impact on auto sales through December, we are looking at an annual total of about 13.6 million units." Looks like a take no prisoners market ahead. No brand name exempt. Hang tough salesmen. We'll endure.
Re: Hemp as an alternative fuel? [lemko]
by boaz47 on Fri Oct 24 13:24:14 PDT 2008
As bad as DUI is now and while I might support THC for terminal cancer patients it doesn't seem as if we need an additional resource for bad driving. Now if someone is suggesting processing hemp plants for methane gas or some other fuel sure go for it. But having worked in some social services organizations I don't think we need the picture of what happens when a mother tries to give her baby a bath while doing a blunt. If any other country thinks that is funny I don't think we much care. Besides smoking THC or ingesting it somehow and making rope and cloths what else energy wise could we use hemp for? Can we run a vehicle on it? If it fuels my car and costs less than 3 bucks a gallon I might be interested.

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