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	<title>Comments on: The Five Factors That Could Save &quot;Government Motors&quot;</title>
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	<description>Global Investment News</description>
	<lastBuildDate>Fri, 19 Mar 2010 14:34:57 -0500</lastBuildDate>
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		<title>By: Why Asia Will Supplant Detroit as the Global Center of the Auto Industry </title>
		<link>http://moneymorning.com/2009/06/11/save-government-motors/comment-page-1/#comment-11480</link>
		<dc:creator>Why Asia Will Supplant Detroit as the Global Center of the Auto Industry </dc:creator>
		<pubDate>Fri, 15 Jan 2010 21:16:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7688#comment-11480</guid>
		<description>[...] United States, General Motors Corp. and Chrysler Group LLC have lost market share because of the government takeover. They are unlikely to get it back in spite of the debt costs they have relinquished through [...]</description>
		<content:encoded><![CDATA[<p>[...] United States, General Motors Corp. and Chrysler Group LLC have lost market share because of the government takeover. They are unlikely to get it back in spite of the debt costs they have relinquished through [...]</p>
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		<title>By: The "New" GM: What Will it Look Like, and How Far Will it Go?</title>
		<link>http://moneymorning.com/2009/06/11/save-government-motors/comment-page-1/#comment-6850</link>
		<dc:creator>The "New" GM: What Will it Look Like, and How Far Will it Go?</dc:creator>
		<pubDate>Mon, 13 Jul 2009 12:40:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7688#comment-6850</guid>
		<description>[...] Money Morning reported last month, the consumer backlash against GM&#8217;s bankruptcy likely won&#8217;t be as damaging as had been initially feared. In fact, as rival U.S. carmaker Chrysler already discovered in its own bankruptcy process, [...]</description>
		<content:encoded><![CDATA[<p>[...] Money Morning reported last month, the consumer backlash against GM&#8217;s bankruptcy likely won&#8217;t be as damaging as had been initially feared. In fact, as rival U.S. carmaker Chrysler already discovered in its own bankruptcy process, [...]</p>
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		<title>By: A T Cox</title>
		<link>http://moneymorning.com/2009/06/11/save-government-motors/comment-page-1/#comment-6849</link>
		<dc:creator>A T Cox</dc:creator>
		<pubDate>Sun, 14 Jun 2009 16:17:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7688#comment-6849</guid>
		<description>The financial distress of the American auto companies, and of the U. S. financial system in general, has been a long time coming. A lot of this has to do with &quot;cost-push&quot; rather than &quot;demand-pull&quot; inflation. Just take costs of fifty years ago, and in some cases less than this, and move the decimal point over one place. In the 1960s Barry Goldwater in his book The Conscience of a Conservative, noted the problem of a monolithic United Auto Workers union, pitted against separate, competing auto companies, with detrimental effects on the auto manufacturers. His observations were prophetic, but he was brushed aside as an extremist. My income is above average (I am grateful for that), but I am unable to fit the astronomical cost of a new car into my budget, preferring to take the advice of many financial counselors, to buy a late model used car.</description>
		<content:encoded><![CDATA[<p>The financial distress of the American auto companies, and of the U. S. financial system in general, has been a long time coming. A lot of this has to do with &#8220;cost-push&#8221; rather than &#8220;demand-pull&#8221; inflation. Just take costs of fifty years ago, and in some cases less than this, and move the decimal point over one place. In the 1960s Barry Goldwater in his book The Conscience of a Conservative, noted the problem of a monolithic United Auto Workers union, pitted against separate, competing auto companies, with detrimental effects on the auto manufacturers. His observations were prophetic, but he was brushed aside as an extremist. My income is above average (I am grateful for that), but I am unable to fit the astronomical cost of a new car into my budget, preferring to take the advice of many financial counselors, to buy a late model used car.</p>
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		<title>By: Rodzilla</title>
		<link>http://moneymorning.com/2009/06/11/save-government-motors/comment-page-1/#comment-6848</link>
		<dc:creator>Rodzilla</dc:creator>
		<pubDate>Sun, 14 Jun 2009 15:03:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7688#comment-6848</guid>
		<description>I find it ironic that one of the strategies of the GM turn around that you came up with was that GM should manufacture cars in China and ship them back to the US, we have already proved beyond a reasonable doubt that people without jobs don&#039;t buy cars!  no matter where you build them. America has to redefine its economy, and once again build sustainable industry if it will ever have a hope paying or maintaining its National debt at a reasonable level! or will do we continue with the status quo and witness the ruin of the dollar, the US is teetering  on having a currency equal to that of the post WW2 German Mark, the only thing that will save it is to restore confidence in the world market that the US can pay its debts, as it is now the daily interest is killing the US economy, this interest is being invested in the economies of foreign countries who hold US debt, not in creating jobs or infrastructure for the people of the US.</description>
		<content:encoded><![CDATA[<p>I find it ironic that one of the strategies of the GM turn around that you came up with was that GM should manufacture cars in China and ship them back to the US, we have already proved beyond a reasonable doubt that people without jobs don&#8217;t buy cars!  no matter where you build them. America has to redefine its economy, and once again build sustainable industry if it will ever have a hope paying or maintaining its National debt at a reasonable level! or will do we continue with the status quo and witness the ruin of the dollar, the US is teetering  on having a currency equal to that of the post WW2 German Mark, the only thing that will save it is to restore confidence in the world market that the US can pay its debts, as it is now the daily interest is killing the US economy, this interest is being invested in the economies of foreign countries who hold US debt, not in creating jobs or infrastructure for the people of the US.</p>
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		<title>By: Jerry</title>
		<link>http://moneymorning.com/2009/06/11/save-government-motors/comment-page-1/#comment-6847</link>
		<dc:creator>Jerry</dc:creator>
		<pubDate>Sun, 14 Jun 2009 12:39:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7688#comment-6847</guid>
		<description>GM is one of the companies that keeps the economy moving.  Especially with the Military, included in the Big 5, the auto industry is a major factor in our economy.  But letting other countries invest or buy into our economic indicator will prove to be problematic in the long run.  I&#039;m sorry, I do not agree with any country, such as Germany, Canada, France, or even Mexico, buying into a major economic stabilizer such as GM.  I would be more satisfied if it were a small mom and pop company.  The question is, do we have the same rights in their countries to buy into their economic stabilizers?  I don&#039;t think so!  If things continue in this direction, we could see a bigger shift than what we are seeing now.  Entire states could end up belonging to other countries just because of the employment situation.  Can you imagine......?</description>
		<content:encoded><![CDATA[<p>GM is one of the companies that keeps the economy moving.  Especially with the Military, included in the Big 5, the auto industry is a major factor in our economy.  But letting other countries invest or buy into our economic indicator will prove to be problematic in the long run.  I&#8217;m sorry, I do not agree with any country, such as Germany, Canada, France, or even Mexico, buying into a major economic stabilizer such as GM.  I would be more satisfied if it were a small mom and pop company.  The question is, do we have the same rights in their countries to buy into their economic stabilizers?  I don&#8217;t think so!  If things continue in this direction, we could see a bigger shift than what we are seeing now.  Entire states could end up belonging to other countries just because of the employment situation.  Can you imagine&#8230;&#8230;?</p>
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		<title>By: walter (jock) mitchell</title>
		<link>http://moneymorning.com/2009/06/11/save-government-motors/comment-page-1/#comment-6839</link>
		<dc:creator>walter (jock) mitchell</dc:creator>
		<pubDate>Sat, 13 Jun 2009 05:01:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7688#comment-6839</guid>
		<description>We have been raped by a management who thought it better to give in to unions than to fight. We have been raped by politicos who think the union jobs are necessary for votes.
We will all feal the reality when the dollar is no longer worth  what we will in the near, 2 to 3 years, future remember. The workers, GM employees all are also U.S. citizens, and it is also their dollars which will have little buying power.

There is talk of building GM cars in china more cheaply than in the U.S., and then these cars will be imported to the U.S. to be sold here. To be sold to whom? We, all of us, will not have enough value in our dollars in order to buy them. There will be few who will be able to buy used cars which are 5 or less years old. Where is the quality there? Where is the value of the dollar there?

These are politicos trying to push fluff on all of us in order for these same to be re-elected. I feal sorry for all of us. That sorry does NOT extend to the Wall Street ones who knew what was happening, nor to the Presidents Clinton and Bush who goaded Fannie and Freddie into those mortgages, nor to any and all mortgage brokers who knew but were too avaricious to care.  My sympathy is not with those of us who took these loans, which i did. My sympathy is with those of us around the world who are completely blameless. The hardworking people who scarcely know what home ownership is. I am sympathetic to those who scarcely have an idea of what a next meal is.

This reminds me of someone who once stole bread. Did not that, Sir, start a revolution?

All of us need to know, some to remember, that God is not going to ask us how much money we have, but did we sell our soul for it.</description>
		<content:encoded><![CDATA[<p>We have been raped by a management who thought it better to give in to unions than to fight. We have been raped by politicos who think the union jobs are necessary for votes.<br />
We will all feal the reality when the dollar is no longer worth  what we will in the near, 2 to 3 years, future remember. The workers, GM employees all are also U.S. citizens, and it is also their dollars which will have little buying power.</p>
<p>There is talk of building GM cars in china more cheaply than in the U.S., and then these cars will be imported to the U.S. to be sold here. To be sold to whom? We, all of us, will not have enough value in our dollars in order to buy them. There will be few who will be able to buy used cars which are 5 or less years old. Where is the quality there? Where is the value of the dollar there?</p>
<p>These are politicos trying to push fluff on all of us in order for these same to be re-elected. I feal sorry for all of us. That sorry does NOT extend to the Wall Street ones who knew what was happening, nor to the Presidents Clinton and Bush who goaded Fannie and Freddie into those mortgages, nor to any and all mortgage brokers who knew but were too avaricious to care.  My sympathy is not with those of us who took these loans, which i did. My sympathy is with those of us around the world who are completely blameless. The hardworking people who scarcely know what home ownership is. I am sympathetic to those who scarcely have an idea of what a next meal is.</p>
<p>This reminds me of someone who once stole bread. Did not that, Sir, start a revolution?</p>
<p>All of us need to know, some to remember, that God is not going to ask us how much money we have, but did we sell our soul for it.</p>
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		<title>By: bbeck</title>
		<link>http://moneymorning.com/2009/06/11/save-government-motors/comment-page-1/#comment-6840</link>
		<dc:creator>bbeck</dc:creator>
		<pubDate>Fri, 12 Jun 2009 19:03:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7688#comment-6840</guid>
		<description>It really amazes me how dumb the American public, including its leaders are!! Several factors are not even mentioned in the discussion about GM. Instead the public keeps chewing on the simple minded sophomoric expressions that the Republicans toss around, like GM stands for &quot;Government Motors&quot;. Wake up America!

Here are the facts that must be addressed in the automobile marketplace or the manufacturing problems here in America will never be solved.
(a)  In your Grandfather&#039;s time and in your Father&#039;s time, American automobile manufacturers DESIGNED and BUILT vehicles and if the customers liked them they purchased the product. The customer&#039;s appetite for various models was conditioned by heavy mainstream advertising.

(b) There are NEW Market demographics in the American automobile marketplace today! Generation X does not respond to the relentless drumbeat of national advertising and Grandpa and Dad are no longer the largest component of the current marketplace. The profile of the dominate consumer in the current car marketplace spotlights an individual who is much more likely to get excited about the newest Apple iphone than they are about the latest vehicular offerings from GM or Chrysler.

(c) There is no IDENTITY FACTOR between automobiles and the personalities of Generation X consumers. Years ago Grandpa and Dad were proud to be known as &quot;a Cadillac man&quot;, or &quot;a Dodge man&quot;, or maybe &quot;a Mustang man&quot;, etc. The car they drove became an integral part of how other people identified them, and hence became part of their own sense of self identification. This form of identity connection DOES NOT EXIST with generation X. They see their car primarily as a source of pleasant, DEPENDABLE transportation and that&#039;s it, no more, no less. Therefore in this respect, since the car is viewed exclusively as a utility, price is a very big issue.

(d) Current and future generations will not buy an automobile just because it gets 40 to 50 MPG. They won&#039;t buy a car just because it has a 300 watt surround sound system inside. They will not pay attention to endless commercials and testimonies by movie stars about how great a certain car is. Generation X will only pay attention if the car you are selling addresses their sensibilities and presently NO American or foreign car manufacturer knows how to reach these folks.

(e) GM must reach out to these folks via the medium enjoyed by Generation X and y, i.e., YouTube, Facebook, Tweeter, the internet, etc to GET IDEAS FOR THE DESIGN OF THE CAR that these people actually WANT! This requires INVOLVEMENT of the whole U.S. of A. GM &amp; the Government must plan and execute these public appeal events like a military operation using the medium of TV. Maybe they can engage the American Idol people to help with the planning and execution of this critical outreach. Without some revolutionary marketing approach such as this, GM&#039;s rebirth will be short lived.</description>
		<content:encoded><![CDATA[<p>It really amazes me how dumb the American public, including its leaders are!! Several factors are not even mentioned in the discussion about GM. Instead the public keeps chewing on the simple minded sophomoric expressions that the Republicans toss around, like GM stands for &#8220;Government Motors&#8221;. Wake up America!</p>
<p>Here are the facts that must be addressed in the automobile marketplace or the manufacturing problems here in America will never be solved.<br />
(a)  In your Grandfather&#8217;s time and in your Father&#8217;s time, American automobile manufacturers DESIGNED and BUILT vehicles and if the customers liked them they purchased the product. The customer&#8217;s appetite for various models was conditioned by heavy mainstream advertising.</p>
<p>(b) There are NEW Market demographics in the American automobile marketplace today! Generation X does not respond to the relentless drumbeat of national advertising and Grandpa and Dad are no longer the largest component of the current marketplace. The profile of the dominate consumer in the current car marketplace spotlights an individual who is much more likely to get excited about the newest Apple iphone than they are about the latest vehicular offerings from GM or Chrysler.</p>
<p>(c) There is no IDENTITY FACTOR between automobiles and the personalities of Generation X consumers. Years ago Grandpa and Dad were proud to be known as &#8220;a Cadillac man&#8221;, or &#8220;a Dodge man&#8221;, or maybe &#8220;a Mustang man&#8221;, etc. The car they drove became an integral part of how other people identified them, and hence became part of their own sense of self identification. This form of identity connection DOES NOT EXIST with generation X. They see their car primarily as a source of pleasant, DEPENDABLE transportation and that&#8217;s it, no more, no less. Therefore in this respect, since the car is viewed exclusively as a utility, price is a very big issue.</p>
<p>(d) Current and future generations will not buy an automobile just because it gets 40 to 50 MPG. They won&#8217;t buy a car just because it has a 300 watt surround sound system inside. They will not pay attention to endless commercials and testimonies by movie stars about how great a certain car is. Generation X will only pay attention if the car you are selling addresses their sensibilities and presently NO American or foreign car manufacturer knows how to reach these folks.</p>
<p>(e) GM must reach out to these folks via the medium enjoyed by Generation X and y, i.e., YouTube, Facebook, Tweeter, the internet, etc to GET IDEAS FOR THE DESIGN OF THE CAR that these people actually WANT! This requires INVOLVEMENT of the whole U.S. of A. GM &amp; the Government must plan and execute these public appeal events like a military operation using the medium of TV. Maybe they can engage the American Idol people to help with the planning and execution of this critical outreach. Without some revolutionary marketing approach such as this, GM&#8217;s rebirth will be short lived.</p>
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		<title>By: How China Could Rescue General Motors</title>
		<link>http://moneymorning.com/2009/06/11/save-government-motors/comment-page-1/#comment-6843</link>
		<dc:creator>How China Could Rescue General Motors</dc:creator>
		<pubDate>Fri, 12 Jun 2009 10:00:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7688#comment-6843</guid>
		<description>[...] [Editor&#8217;s Note: This is the second of two parts. See Part I by clicking here.] [...]</description>
		<content:encoded><![CDATA[<p>[...] [Editor&rsquo;s Note: This is the second of two parts. See Part I by clicking here.] [...]</p>
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		<title>By: Randy</title>
		<link>http://moneymorning.com/2009/06/11/save-government-motors/comment-page-1/#comment-6846</link>
		<dc:creator>Randy</dc:creator>
		<pubDate>Fri, 12 Jun 2009 04:21:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7688#comment-6846</guid>
		<description>It is interesting that individuals such as yourself continue to tout the benefit of organizations like GM offshoring more work while idling American workers. In this case it is particularly sickening as the taxpayer is stuck with the brunt of financing an organization that has been mismanaged for years both by the management and the union. There is something fundamental to the U.S. economic recovery that neither you nor a good portion of the American public understand: we must have a REAL G.D.P. A totally service based economy has not and will never work, especially with the dollar having no sound backing as it did in the days of the gold standard. When is the general populace of this country going to realize that they have been sold down the river and that America&#039;s economy is in the tank exactly because of viewpoints like yours? The economy is broken and overpaid bureaucrats and corporate directors as well as Wall St. economists like yourself have rocks in your head that our economy will ever recover with the continued wholesale slaughter of our workforce. This line of garbage started in the I.T. sector when there were more than adequate trained professionals here. It then broke loose in manufacturing and now has invaded our service sector as well as the ranks of accountants, engineers, and architects. Perhaps the best solution is to outsource Wall St. and get rid of individuals such as yourself that took an economics course based in heresy and not fact!</description>
		<content:encoded><![CDATA[<p>It is interesting that individuals such as yourself continue to tout the benefit of organizations like GM offshoring more work while idling American workers. In this case it is particularly sickening as the taxpayer is stuck with the brunt of financing an organization that has been mismanaged for years both by the management and the union. There is something fundamental to the U.S. economic recovery that neither you nor a good portion of the American public understand: we must have a REAL G.D.P. A totally service based economy has not and will never work, especially with the dollar having no sound backing as it did in the days of the gold standard. When is the general populace of this country going to realize that they have been sold down the river and that America&#8217;s economy is in the tank exactly because of viewpoints like yours? The economy is broken and overpaid bureaucrats and corporate directors as well as Wall St. economists like yourself have rocks in your head that our economy will ever recover with the continued wholesale slaughter of our workforce. This line of garbage started in the I.T. sector when there were more than adequate trained professionals here. It then broke loose in manufacturing and now has invaded our service sector as well as the ranks of accountants, engineers, and architects. Perhaps the best solution is to outsource Wall St. and get rid of individuals such as yourself that took an economics course based in heresy and not fact!</p>
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		<title>By: Heather</title>
		<link>http://moneymorning.com/2009/06/11/save-government-motors/comment-page-1/#comment-6845</link>
		<dc:creator>Heather</dc:creator>
		<pubDate>Fri, 12 Jun 2009 01:33:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymorning.com/?p=7688#comment-6845</guid>
		<description>It seems to me that their cars will still cost to much for many to buy.  I do not see anything they have done that will lower the price.

I will still drive a Hyandia.</description>
		<content:encoded><![CDATA[<p>It seems to me that their cars will still cost to much for many to buy.  I do not see anything they have done that will lower the price.</p>
<p>I will still drive a Hyandia.</p>
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