fantasyfrank Posted October 10, 2008 Share Posted October 10, 2008 After today's stock market nosedive.....Ford's stock is at $2.03. Wow............. Quote Link to comment Share on other sites More sharing options...
Fatso Posted October 10, 2008 Share Posted October 10, 2008 After today's stock market nosedive.....Ford's stock is at $2.03. Wow............. People can put off buying a new car.Things are bad and heading for worse.I expect sales to dry up and Ford will be forced to layoff for extended periods of time.Sub pay will not fully cover everybody.Then we will be on our own.Ford won`t need us anymore and won`t be able to afford paying 'legacy costs' either.Look for them to reopen the contract with the UAW.The experts predict a recession that will last between 10 months and two years. Quote Link to comment Share on other sites More sharing options...
ted labor Posted October 10, 2008 Share Posted October 10, 2008 Fatso is right however I think Ford or Gm is about to be bought out by a Jap or german company. After all this it would only make sense. and with Oboma being against big business and small business. I say bump the *machine and reset evrything evrywhere its a whole new game! (*have you ever played pinball? and bumped the machine and reset it?) Lets just say everyone goes to sleep and they wake up and .... no more mortage,no more car payment,no more credit card bills,no country owes no country All Debit is erased. ? hell of a thought if you ask me . being that the majority of American workers are by fact non union . being that I used to be .and believe me I was looking out for number one when I was and my goals and self greed came first. No one made me take the most deminial job there is and to me that is a assembly line worker.(other than a suicide bomber) I took it because of the great money, the insurance,the stability,Knowing that after seeing more bullshit that happened during the desert sheild and storm what ever you wanna call it. I got the message quick . I will show you the pictures of Dubai from 1990 are ally the helped us free Kwaitis. and Saudis take a look at that place. You are in the middle of history right now all the crying and be littleing will do you no good Quote Link to comment Share on other sites More sharing options...
Fatso Posted October 10, 2008 Share Posted October 10, 2008 (edited) Ford will find itself strapped for cash as vehicle sales dry up not only in North America but around the world.Ford will be pushed to the brink of bankruptcy and then the Government may step in only because Ford is a domestic automobile manufacturer but only on the condition that the UAW also sacrifice in order to save the company.What is happening before our very eyes is historical.Maybe things will play out differently if Obama gets elected and some of the $12.5 billion dollars the nation currently spends every month in Iraq will come back home and get used to create jobs in the USA.You got multi-millionaires worried about what is happening on Wall Street..Ford Motor Company is not a gold mine.I am worried about my job.Maybe ,that $700 billion dollars the Government could use some of that to make direct loans to citizens? Edited October 10, 2008 by Fatso Quote Link to comment Share on other sites More sharing options...
ViperPilot Posted October 10, 2008 Share Posted October 10, 2008 (edited) I am worried about my job.Maybe ,that $700 billion dollars the Government could use some of that to make direct loans to citizens? The problem is that a "loan" is meant to be paid back, which is the problem that got us here in the first place; people borrowing money that they can't afford to pay back. The only way to get out of this jam is for people to start living within their means and spend what they can afford while reducing their household debt; not lending them more money. All you're doing by having the gov't lend them money is to further burden the taxpayer that does manage their money properly. Edited October 10, 2008 by ViperPilot Quote Link to comment Share on other sites More sharing options...
mikem12 Posted October 10, 2008 Share Posted October 10, 2008 The problem is that a "loan" is meant to be paid back, which is the problem that got us here in the first place; people borrowing money that they can't afford to pay back. Just wait when NObama gets elected you won't have to worry since the GOV. will provide everyting for you; just like they did in Russia. Remember NObama is a Socialist at heart! The only way to get out of this jam is for people to start living within their means and spend what they can afford while reducing their household debt; not lending them more money. All you're doing by having the gov't lend them money is to further burden the taxpayer that does manage their money properly. Now wait a second that would put responsibility on the backs of those who made the loan agreements, but then we don't want anyone to own up for their own stupidity. Welcome to the United Socialist States of America. Quote Link to comment Share on other sites More sharing options...
fantasyfrank Posted October 10, 2008 Author Share Posted October 10, 2008 I really don't think alot of people realize just how bad things are. Not just for the Big Three but for the nation. If Ford and GM file for bankruptcy protection then what wil happen to retiree's pensions,etc? Will the government protect those just like the bank loans? Something has to give and what it is I don't have a clue but how far can we keep on going like this before something blows up? It really is scary if you ask me. I use to worry about Ford, and I still do but now I'm worrying about the country as a whole. Quote Link to comment Share on other sites More sharing options...
ViperPilot Posted October 10, 2008 Share Posted October 10, 2008 Now wait a second that would put responsibility on the backs of those who made the loan agreements, but then we don't want anyone to own up for their own stupidity. Welcome to the United Socialist States of America. Please be more careful when you quote people. "Just wait when NObama gets elected you won't have to worry since the GOV. will provide everyting for you; just like they did in Russia. Remember NObama is a Socialist at heart!" was never ever part of my post. You should have split my post into two if you wanted to address separate points. Thanks. Quote Link to comment Share on other sites More sharing options...
Fatso Posted October 10, 2008 Share Posted October 10, 2008 Please be more careful when you quote people. "Just wait when NObama gets elected you won't have to worry since the GOV. will provide everyting for you; just like they did in Russia. Remember NObama is a Socialist at heart!" was never ever part of my post. You should have split my post into two if you wanted to address separate points. Thanks. USA Government hands out money to people too.There are winners and losers with the tax code.The USA has the richest poor people in the world.Now wealthy people in the financial markets are having their investment losses covered.People who`s homes are in foreclosure are receiving government assistance.All with 'working class' tax dollars. Quote Link to comment Share on other sites More sharing options...
uRfk9AcDfo9Wui Posted October 10, 2008 Share Posted October 10, 2008 Ford's stock is at $2.03. Wow............. Yea and that's $2.02 too high! Quote Link to comment Share on other sites More sharing options...
Bored of Pisteon Posted October 13, 2008 Share Posted October 13, 2008 (edited) Yea and that's $2.02 too high! I'm still trying to figure out what your user I.D. means? Anyway... I wonder how many assholes will loaded up their TESPHE accounts at $5 and $7 a share are doing now? Edited October 13, 2008 by Bored of Pisteon Quote Link to comment Share on other sites More sharing options...
lquidspine Posted October 13, 2008 Share Posted October 13, 2008 I'm still trying to figure out what your user I.D. means? Anyway... I wonder how many assholes will loaded up their TESPHE accounts at $5 and $7 a share are doing now? Riding out the downturn( for the long haul) , or losing there ass If they are dumping the stocks now. Quote Link to comment Share on other sites More sharing options...
CSMJ Posted October 13, 2008 Share Posted October 13, 2008 Riding out the downturn( for the long haul) , or losing there ass If they are dumping the stocks now. I unloaded 20,000 shares 2 weeks ago bought them back friday and selling them today.!! :happy feet: $$$$ Now I can go sign up for voluntary layoff :happy feet: :happy feet: Quote Link to comment Share on other sites More sharing options...
Pumpmaster Posted October 13, 2008 Share Posted October 13, 2008 After today's stock market nosedive.....Ford's stock is at $2.03. Wow............. Good point there, bro. It's back up a little today @ $2.39, with the Dow closing back up 936 points---a record. What an insane rollercoaster! Remember back in '83? GM, Ford, & Chrysler stock was tanking then, too. I'm not saying we'll come roaring back this time, or ever. But if somebody has a 50-lb. pair o' balls, now might be a good time to buy about $5K worth of Ford stock........................ Quote Link to comment Share on other sites More sharing options...
fantasyfrank Posted October 13, 2008 Author Share Posted October 13, 2008 Good point there, bro. It's back up a little today @ $2.39, with the Dow closing back up 936 points---a record. What an insane rollercoaster! Remember back in '83? GM, Ford, & Chrysler stock was tanking then, too. I'm not saying we'll come roaring back this time, or ever. But if somebody has a 50-lb. pair o' balls, now might be a good time to buy about $5K worth of Ford stock........................ I had the EXACT same conversation with a very good friend of mine yesterday, he said the same thing you said...my problem is I don't have the balls. Quote Link to comment Share on other sites More sharing options...
lquidspine Posted October 14, 2008 Share Posted October 14, 2008 I had the EXACT same conversation with a very good friend of mine yesterday, he said the same thing you said...my problem is I don't have the balls. My problem is I cant get the 5k loan to buy it Quote Link to comment Share on other sites More sharing options...
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