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Old 10-10-2008, 04:12 PM   #1
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Posts about the economy and GM...

-- got a few notes from people....concerned about the economy and GM and whether or not this will delay the Camaro.

First -- let me make this perfectly clear: this is ME talking - and I am NOT speaking for the company I work for...........MY thoughts:

Let me quote our Chairman: "Bankruptcy is not an option......."

Those are pretty powerful words. I believe he's committed to doing everything in his power to turn this company around -- and the proof is in the cars and trucks we're coming out with.

(Fact: No one has more cars that get 30mpg or better than Chevy -- not Honda, Not Toyota -- not anyone.........................) (sorry -- just had to put that message in there.....)

Rick has lots of people criticizing him -- everyone seems to think they have the answer - the fact is that they don't have all the answers.

Will we ever declare bankruptcy? Well -- 'never' is a realllllllllll long time -- so I will never say never.........but I think it very very unlikely.

The Economy is indeed in turmoil -- where will it end? No one knows. NO ONE.

That said -- while our business has taken quite a hit, we're moving forward with new products -- and one of them is the Camaro. There are no delays on the new Camaro. None.

Back to the economy...........

I have a real problem with many of our elected officials in Washington....I believe we -that's you and me-- need to vote a LOT of people out of office -- and we need to do it NOW.

I believe that there are people on Wall Street that need to go to jail. I believe that we need to use the 'claw-back' laws to 'claw back' the outlandish compensation that too many people have been paid. I'm sorry, but NO ONE is worth $50million in my book ...you may disagree and it's your perogative to do so..............

I believe in the United States of America.

I also know that the rest of the world is going thru what we're going thru.........and that is frightening.

I believe we've got some of the best business minds in the world - and I believe you'll see people work hard to solve our problems.

Now -- that said:

WE - that's you and me -- have some responsibilities.

It is NOT a God Given Right to live in this country and expect to have things handed to us.

WE -- that's you and me - have a RESPONSIBILITY to get ourselves to the polls on Tuesday, November 4 -- and vote RESPONSIBLY --

By 'responsibly' -- I mean none of this 'straight ticket' stuff - YOU NEED TO DO YOUR HOMEWORK -- and you need to be paying attention to where ALL candidates stand on a variety of issues. YOU NEED to look at the claims being made -- and you need to do your homework to see that some are outlandish...........and you need to understand that EVERYTHING comes with a price...........

WE -- that's you and me -- have a RESPONSIBILITY to work and sacrifice to see that our way of life is preserved. We must because, you see, many have given their lives so that we - that's you and me -- can have the best standard of living that the world has EVER known. Many millions more gave years of their lives and their health -- for the same reason.

WE -- that's you and me-- need to look at what's in the best interests of the country -- not just of what MAY be in the best interests of ourselves. (singular)


A personal word about health care:

Two years ago I had a heart problem. I was told that the "widow maker' was over 90% blocked -- and I was put in the hospital and I had stents put in.

It took less than 48 hours to get these stents.......and at the time one of my dear friends in Canada told me that there was a waiting list of over a YEAR for stents in that country. (this is not a slam at Canada -- if I had to move to another country -- I'd pick Canada in a heartbeat -- love the country - love the people even more!) Our Hospitals have lots of patients from all over the world - and the reason is this: we have the best health care in the world -- but the problem is the COST of health care.

Wanna know my thinking on WHY?

People can sue for millions for ridiculous reasons.

The older I get, the more I realize what I DON'T know -- but I know this: Pass Tort reform and our health care costs will come back to earth......

The Attorneys don't want this -- and they'll tell you that they're fighting for your rights (and perhaps they are...) but they're becoming very wealthy doing so. (this is not a slam against all attorneys -- esp. those of you who are my friends!!!) But it IS a slam at what I'll call "ambulance chasers"......

OK -- bet a few of you are sorry you asked.

AGAIN -- the opinions above are MY PERSONAL opinions - not those of the company I work for -- and my opinions and $2.50 will buy you a cup of coffee at one of those fancy-shmancy coffee shops..........

(......can someone please bring a fork lift over here and get the soap box out from under me??)

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Old 10-10-2008, 04:21 PM   #2
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we're all in this together. and a Huge THANKS to GM for bringing us this beautiful car (the 2010 Camaro of course).
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Old 10-10-2008, 04:22 PM   #3
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:flag1::flag1: Well said! I hoping things will turn around!
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Old 10-10-2008, 04:37 PM   #4
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GM will make us proud, and i beleave this is proof (imo) that GM will become the most popular/reliable car company in the world. There going back to there roots and will overcome this drop. GM has/and allways will be my first choice in autos and will deff influence my next purchace which will be the new Camaro or V8 Colorado. Thanks GM and all your fighting to compete,
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Old 10-10-2008, 04:40 PM   #5
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fbodfather for prez!:flag1: Really good post, and I hope the rest of your company shares your thoughts on these issues because if they do (as I do), I know they have what it takes to turn things around for themselves. I will be keeping the faith in GM!
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Old 10-10-2008, 04:47 PM   #6
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Fbodfather just made a thread on this
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Old 10-10-2008, 04:48 PM   #7
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Old 10-10-2008, 04:50 PM   #8
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Thanks for the post, Scott. It's strange that, in spite of my doubts and fears about the economy, I've always had warm fuzzies about GM, Chevy, and gettin' a Camaro next year.
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Old 10-10-2008, 04:50 PM   #9
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Old 10-10-2008, 04:57 PM   #10
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Scott; even though it's not your company's words, they're still powerful coming from you. We all appreciate the reassurance and I completely agree that we need to take responsibility for our country now more than ever, and to take responsibility for our actions by turning out to vote. We have a chance to make a change in November; if we just do it.

We are still a great country, and we will pull through. Hopefully when we improve the rest of the world will pick back up too and things will get better for everyone.

Cheers LONG LIVE GM and well said!
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Old 10-10-2008, 05:00 PM   #11
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Scott that was the most censer statement I have read from any one in a long time. That did make my eyes start floating. Thank you for your support.



Quite honestly when it comes to the economy and people livelihoods i could care less about a tangible items. Peoples lives are far more important than any enantoment object out there.

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thanks Scott.
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Old 10-10-2008, 05:08 PM   #12
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sorry cant help it.

Quote:
Originally Posted by Milk 1027 View Post
Fbodfather just made a thread on this
I was eating when I saw the report. I cam back and went to work on the thread. I did not even look at the rest of the forum till after I was done.

It is the whole mess every thing is in right now that angers me and pisses me off beyond the point of pistivity. The world economy all the way down to peoples jobs. I am just so angry at our selves as a whole from the blue collar worker to the elected officials for allowing our selves to get into the predicament.
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Old 10-10-2008, 05:18 PM   #13
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I have been debating if I should go through with the purchase of the Camaro, but this post might have turned my decision around. Thanks, and I can see things are getting better....gas prices are starting to drop, and I think things are going to start turning around here shortly.
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Old 10-10-2008, 05:24 PM   #14
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I agree fbodfather and thank you for your words.

Vote everyone, we have the power to change things for the better but we can't if you are silent.

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Old 10-10-2008, 05:25 PM   #15
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:flag1: "Keep the Faith"
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Old 10-10-2008, 05:42 PM   #16
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Well Said
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Old 10-10-2008, 06:10 PM   #17
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Very well said.

I'm a newbie here, but not a newbie to GM. My father has dedicated nearly 40 years of his life to this company, and it has put food on my table since I was born. I owe my livelihood to the work of GM and the enthusiasts like you.

My father feels very much the same way as you do, fbodyfather. Its passionate employees like you that will keep this company chugging, long after market analysts have written them off. I take pride in knowing that my dad had a hand in every GM vehicle that rolls down the street.

Wow, getting misty eyed over this stuff. Its really great to see all the support for the hometown car company, I'm glad others have a sense of pride in this country.

Thank you.
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Old 10-10-2008, 06:42 PM   #18
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Scott, that was a fantastic post.

I agree with everything you said. I agree we need serious change with our politicians, not some campaign tagline or slogan. And not just in Washington either.

Is it me, or are many of our representatives completely dumbfounded with how to handle serious matters and how to govern through rough times? Ask anyone if they think things would change very much with anyone new in positions of power, and I think most people would tell you no. No matter what side of the political fence you live on, I think everyone agrees neither side is capable of righting our ship.

CEOs take the money and run? Prosecute the hell out of them, liquidate all of their personal assets, and return them to the employees and stock holders of the company (ever see the movie "Fun With Dick and Jane"?)

I want the names and pictures of the a%&#()*s who pressured banks to take on sub prime loans to be plastered across the front page of the Wall Street Journal, New York Times, and USA Today.

These jerks from AIG going on a vacation WITH THE BAIL OUT FUNDS should be hanged in public by their gold neclaces.

I completely understand the basic fundamentals of capitolism, and to make laws preventing the CEO of a corporation from earning what the company board and shareholders vote for them is not in the spirit of capitolism.

Neither is milking the profits dry at the same time testifying in front of Congress that the company's assets are strong and have sufficient funds.

So, what can we do besides vote for someone new, who may or may not be any different that what we already have?

They all seem to say alot without really saying much at all. True spirit of politics!

I'm all ears..... what can we do besides vote? What can we do? I'm going to vote, you bet your sweet bippie I'm voting on Nov. 4th. But what will that bring? A whole new same old story?
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Old 10-10-2008, 06:48 PM   #19
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Well said Scott.

GM will be just fine. We've had hard times before, people have predicted the doom of GM over and over and over again, they've said that toyota would pass us in sales and become the world's largest automaker, they said that GM would go out of business, but has it happened yet? No.

Not to mention all the awesome new products we have hitting dealer lots in the next few years...Camaro, Volt, LaCrosse, Cruze, Terrain, SRX, Equinox, 9-4x, CTS Coupe/Wagon...every time I see spy photos of any of these cars, I know GM is going to be perfectly fine.
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Old 10-10-2008, 07:02 PM   #20
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Move this thread!

I agree with almost everything you have said, with the exception of why healthcare cost so much. A couple of facts for several years run the cost of lawsuits in my state of Illinois and across the nation have been going down there has been tort reform and the cost of insurance for doctors continues to skyrocket. Why?

The insurance companies are taking advantage of the current political climate and our letting the media and others blame lawyers for this when in fact there are less dollars being spent on medical lawsuits. But the insurance companies continue to charge doctors more and more even though their(insurance companies) cost go down. The insurance companies have a greed problem and it will get worse the more wall street suffers

Second cost go up because the goal of drug companies has changed from curing disease to finding meds to let you survive if you take it everyday for the rest of your life. Why? Because a cure doesn't make as much money as meds you have to take everyday for the rest of your life.



Finally, I know this is the Father's thread but it should be moved to the political thread.:respekt

Rising doctors' premiums not due to lawsuit awards

Study suggests insurers raise rates to make up for investment declines



Re-igniting the medical malpractice overhaul debate, a new study by Dartmouth College researchers suggests that huge jury awards and financial settlements for injured patients have not caused the explosive increase in doctors' insurance premiums.

The researchers said a more likely explanation for the escalation is that malpractice insurance companies have raised doctors' premiums to compensate for falling investment returns.

The Dartmouth economists studied actual payments made to patients between 1991 and 2003, the results of which were published yesterday in the journal Health Affairs. Some previous studies have examined jury awards, which often are reduced after trial to comply with doctors' insurance coverage maximums or because the plaintiff settles for less money to avoid an appeal. Researchers found that payments grew an average of 4 percent annually during the years covered by the study, or 52 percent overall since 1991, but only 1.6 percent a year since 2000. The increases are roughly equivalent to the overall rise in healthcare costs, said Amitabh Chandra, lead author and an assistant professor of economics at the New Hampshire college…

Meanwhile, malpractice insurance premiums for internists, general surgeons, and obstetricians have skyrocketed since 2000, jumping 20 to 25 percent in 2002 alone…

''It's not payments that's causing this," Chandra said. ''The simple explanation that comes to mind is the underwriting cycle. If they're making less money from the investment side of things, it's going to cause [insurance companies] to raise rates."

The study's conclusions are sure to generate praise from some malpractice lawyers and outrage from many doctors and insurance company executives, who argue that jury awards are out of control and the solution is a cap on noneconomic damages for plaintiffs, commonly referred to as ''pain and suffering" awards.

Insurance companies invest your premiums in the stock market, what do you think happens when the market goes down they raise premiums, they are going to go up some more but its not due to lawsuits......You going to trust them, have you heard of AIG??????????

Last edited by rlg3; 10-10-2008 at 07:14 PM.
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Old 10-10-2008, 07:03 PM   #21
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Scott Settlemire for President? anyone else feeling that way?
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Old 10-10-2008, 07:03 PM   #22
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Quote:
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Scott Settlemire for President? anyone else feeling that way?
+1.
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Old 10-10-2008, 07:19 PM   #23
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Well put.

For anyone living under a rock lately, he's correct in this...Stock prices are falling in the free world, not just GM. I sold some turkeys at a loss just to free up cash to buy into blue chips. GM will be getting my financial support as well as G.E. and others. I don't care if they drop further, I have confidence we will recover, and be stronger from the lessons learned. Carpe diem.

You left one thing out, God bless America...again...and God bless our soldiers...You guys n gals ROCK!
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Old 10-10-2008, 08:29 PM   #24
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great speach. i just want to let you know im going to do what i can to keep gm on their feet and im buying a new camaro and im buying stock in them.

oh by the way fords stocks are almost 2.00 a share. and they say gm is in trouble?
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Old 10-10-2008, 09:20 PM   #25
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Scott:cl ap:

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