Dont laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

[Smee]

Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

Auto sales were up for EVERYONE in August . . . except the government boys, GM and Chrysler.

http://247wallst.com/2009/08/27/august-car-sales-an-anomaly-and-a-short-one-ftmhmc/

Sales down 19%? Oh, that was Chrysler. GM dropped by 25%.

Way to go guys taking advantage of all that "incentive money" really helped. At least sales didn't drop by 100%

 

[spartacus53]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

I didn't need a crystal ball to see those numbers coming

 

[Saturna]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

Oh well, at least the CEO's will still get their salaries and bonuses.

 

[Digginman]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

Not funny at all. If these bailouts worked or not, we still have to pay it off.

DM

 

[mcmich]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

I hope you never experience the prospect of losing your home.

Was it the auto companies fault that Americans were duped into these exotic mortgages that started this whole mess?

Read the paper.

 

[spartacus53]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

Not funny at all. If these bailouts worked or not, we still have to pay it off.

DM

I think that was the point that Smee was trying to make. Even my comment is a joke. We are throwing good money after bad, and we will still have to payback a heck of a lot more to break even. These bailouts don't help John Q Public and never will. That is why I copied a joke that is posted in Today's Thoughts It is funny and sad at the same time.

 

[texan connection]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

Blame who you want but i hope all yall are looking at whos running in your districts, and how they vote. If they are voting for more spending and handing it to your districts with pride, and you see it as a good thing. Then you all just put yourselves out of a job.
Congartulations we just baled out corporate america and there isent going to be a Trickle down, they spent the money along time b-4 it was givin to them. and No offense mcmich, but you just bi tched about exotic mortgages and loosing a home. Reckon you bite off (or whoever your talking about)more than you could chew on the "exotic" dream of never ending prosperity, welcome to the real world of budgeting.(some of us have never had a union job, and have experienced financial unstability all our lives).
Maybe our elected officials should take a class on budgeting. Who killed the auto industry? gov restrictions and UNION GREED thats who, and my taxes just balled them out agien no matter how short lived it is.
Who just killed the housing industry and cheap loans, goverment beuacracy and folks that spend more than they make on more than they can afford. Now or elected officials are still at it, but on steroids.

It time we all look in the mirror and at our spending sprees, and then vote out anyone thats been there over 4 yrs.

 

[texan connection]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

Ohhhh and "read the paper"? if thats where you get your news you are so far behind the facts, no wonder your confused!

 

[treetop]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

I am with texan on voteing out anyone that has been there over 4 years. The bunch of crooks that are in there now need to go. stand up America. lets vote them out next election.I cant stand any more of the Obama change. Jerry

 

[Smee]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

I hope you never experience the prospect of losing your home.

Was it the auto companies fault that Americans were duped into these exotic mortgages that started this whole mess?

Read the paper.

Not just the prospect but was kicked out of my house when the economy went bust in south Louisiana back in the early 1980's. We took a bit longer to recover from peanut boy than some other parts of the country.

Duped is not the word. "Greedily accepted" is much more accurate. People who KNEW at the time they took out those mortgages they would be unable to pay them if the economy hiccupped . . . and boy did it!!!

The bankers and other mortgage lenders may not have been totally clean, but the buyers weren't in the dark either. I listened to some of those loan pitches, and when I considered the possibility of losing a job, I decided to accept a lesser home at a smaller monthly payment to give me a bit of breathing room.

It's called RESPONSIBILITY. It is the enemy of GREED.

 

[texan connection]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

I hope you never experience the prospect of losing your home.

Was it the auto companies fault that Americans were duped into these exotic mortgages that started this whole mess?

Read the paper.

Not just the prospect but was kicked out of my house when the economy went bust in south Louisiana back in the early 1980's. We took a bit longer to recover from peanut boy than some other parts of the country.

Duped is not the word. "Greedily accepted" is much more accurate. People who KNEW at the time they took out those mortgages they would be unable to pay them if the economy hiccupped . . . and boy did it!!!

The bankers and other mortgage lenders may not have been totally clean, but the buyers weren't in the dark either. I listened to some of those loan pitches, and when I considered the possibility of losing a job, I decided to accept a lesser home at a smaller monthly payment to give me a bit of breathing room.

It's called RESPONSIBILITY. It is the enemy of GREED.

excellent point, My folks took a ballon payment (can you belive those still exist today) and morgated the whole acerage for a house in the late 70's early 80's and then the Carter (tax and spend)era busted as it was bound to do,We got screwed and just barley escaped with a few dollars after selling the home for a early 80's loose, and folks cant see this agien??

 

[Jeffro]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

Cut up your credit cards, pay them off. Don't buy anything you don't have cash on hand to pay for. If you've done without it for this long, chances are you'll be fine without if you don't have the cash now. As far as homes go better do your homework and if slick willy is trying desperately to get you into a mortgage you're not sure if you can afford, listen to your gut.

Whats even worse is our current glut of college grads- 50K in debt when they step into the real world, with a degree in "the arts". A real world where most producing jobs have been shipped overseas. We are a nation of non-doers, non-producers. How long did you think it was gonna last?

 

[Smee]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

It just amazes me . . . the smartest folks in the world took over only two car companies. Chrysler. General Motors.

Seems to me, they should be running the world of car sales . . . because they are so much smarter than everyone else.

They were so smart, they set up a special deal that should really have benefited their companies. Of course, it wasn't their money they were spending. Then they brag that the program worked "too well" and end it early. Mainly because they weren't able to keep up with the paperwork, and many dealers still haven't got the money (makes you wonder where it actually went).

So, if this bunch can take two car companies, stick them in an environment that should set sales through the roof, and still manage to FAIL, just imagine what a great job they can do with the economy of this country!!!

Let's ship em to mexico, cause them folks need all the help they can get. They've helped U.S. enough already, dontcha think?

 

[Smee]

Re: Don't laugh too hard, or cry too loud - GM Chrysler sales PLUNGE!

Cut up your credit cards, pay them off. Don't buy anything you don't have cash on hand to pay for. If you've done without it for this long, chances are you'll be fine without if you don't have the cash now. As far as homes go better do your homework and if slick willy is trying desperately to get you into a mortgage you're not sure if you can afford, listen to your gut.

Lived that way for most of my life --- only ever had one credit card, got rid of it within a year. A checking account and debit card, spending only what I earn. Pay my own medical bills, work every day, run a web design business on top of my regular employment.

If I don't have the money to buy it, I don't need it . . . but I did get a second hand jeep (Just Emptied Every Pocket) on credit --- from my employer --- weekly payroll deductions instead of paying cash. I think of it as a form of "job security".