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Thread: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

  1. #101
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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Consumer Reports offered a harsh initial review of the Chevrolet Volt, questioning whether General Motors Co.'s flagship vehicle makes economic "sense." The extended-range plug-in electric vehicle is on the cover of the April issue — the influential magazine's annual survey of vehicles — but the GM vehicle comes in for criticism.

    "When you are looking at purely dollars and cents, it doesn't really make a lot of sense. The Volt isn't particularly efficient as an electric vehicle and it's not particularly good as a gas vehicle either in terms of fuel economy," said David Champion, the senior director of Consumer Reports auto testing center at a meeting with reporters here. "This is going to be a tough sell to the average consumer."

    Champion believes a hybrid, such as the Toyota Prius, may make more sense for some trips. "If you drive about 70 miles, a Prius will actually get you more miles per gallon than the Volt does," Champion said.

    The magazine has put about 2,500 miles on its Volt. It paid $48,700, including a $5,000 markup by a Chevy dealer. Champion noted the Volt is about twice as expensive as a Prius.
    Consumer Reports: GM's Volt 'doesn't really make a lot of sense' | detnews.com | The Detroit News

    buy!

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook


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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by The Prof View Post
    whose hero?

    You sound a bit bitter. You can't win elections in this country that way.

    LOL!
    This coming from an individual who supports the "party of NO", whose have made it a point to thrawt every effort at putting forth any meaningful legislation with their Democratic counterparts, who has done everything in their power to regain total power and control of government at every level throughout this country, and whose stated mission it has been from Day-1 of the 2008-2012 election cycle to ensure that this president fails and to make President Obama a 1-term president? You mean those bitter people?

    Try again, mister.

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by Objective Voice View Post
    This coming from an individual who supports the "party of NO", whose have made it a point to thrawt every effort at putting forth any meaningful legislation with their Democratic counterparts, who has done everything in their power to regain total power and control of government at every level throughout this country, and whose stated mission it has been from Day-1 of the 2008-2012 election cycle to ensure that this president fails and to make President Obama a 1-term president? You mean those bitter people?
    yup

    the voters richly rewarded us for it---most house seats since 38, most state reps and legislatures in history, 10 gubs, 6 senators...

    cuz we know how to say NO with a SMILE

  5. #105
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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by The Prof View Post
    yup

    the voters richly rewarded us for it---most house seats since 38, most state reps and legislatures in history, 10 gubs, 6 senators...

    cuz we know how to say NO with a SMILE
    Saying no and actually following through with it is a different story entirely

    If the cuts come, the special interest groups will punish the republicans and they will lose the next election heavily.
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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    those "special interest groups" already went after, with all they are good for, the party of no

    we saw the results

    and what's gonna happen to those "special interest groups" when public payrolls are SLASHED in illinois, california, new york, michigan, wisconsin, florida, new jersey, indiana...

    did you see ANDREW CUOMO's take?

    The State of the State begins with an honest analysis of the crisis that we face. In government, as in life, you can never solve a problem if you refuse to acknowledge it. The economic recession has taken an especially hard hit on the State of New York. In 2009, we had a twenty-six year high in unemployment, roughly 800,000 New Yorkers are now unemployed, hundreds of thousands more are under-employed. We have the worst business tax climate in the nation, period. Our taxes are 66% higher than the national average. Upstate is truly an economic crisis. In real GDP, from 2001-2006, upstate New York grew about 1.7% per year while the average in the nation was 2.7%. The costs of pensions are exploding, 1.3 billion in 1998-1999, projected for 2013, 6.2 billion - a 476% increase and its only getting worse.

    The State of New York spends too much money, it is that blunt and it is that simple. Our spending has far exceeded the rate of inflation. From 1994-2009, inflation was about 2.7% per year; medicaid went up over 5% per year and education went up over 6% per year. We just can’t afford those rates of increase. State spending actually outpaced income growth. State spending increased just under 6%, personal income growth was only 3.8%.

    And most damaging, our expenses in this state far exceed revenue. We’ve been focusing on this year and the deficit this year, which is a very large deficit about $10 billion, and that is a problem and it is a major problem; what’s worse, is it’s not just about this year. Next year, the problem goes to $14 billion. The year after, the deficit goes to $17 billion. This is not a one year problem my friends. This is a fundamental economic realignment for the State of New York.

    Not only do we spend too much, but we get too little in return. We spend more money on education than any state in the nation and we are number 34 in terms of results. We spend more money on Medicaid than any other state in the nation and we are number 21 in results. We spend about $1.6 billion per year in economic development and we are number 50 in terms of results.

    And the large government we have is all too often responsive to the special interests over the people of the State of New York. The proof is in the pudding. And New Yorkers are voting with their feet. Two million New Yorkers have left the State over the past decade. What does this say? It says we need radical reform, it says we need a new approach, we need a new perspective and we need it now. This is a fundamental realignment for the state.

    And we have to relearn the lesson our founders knew and we have to put up a sign that says New York is open for business. We get it. And this is going to be a business friendly State.

    The property taxes in New York are killing New Yorkers. Thirteen of the sixteen highest tax counties are in New York when assessed by home value. In absolute dollars, Westchester County has the highest property taxes in the United States of America. Nassau County the second highest property taxes in the United State of America. It has to end, it has to end this year. We have to hold the line on taxes for now and reduce taxes in the future. New York has no future as the tax capital of the nation. Our young people will not stay. Our business will not come. This has to change.
    GOVERNOR ANDREW M. CUOMO STATE OF THE STATE ADDRESS | Governor

    why do you think the dem gub of dark blue new york would say such things?

  7. #107
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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by The Prof View Post
    those "special interest groups" already went after, with all they are good for, the party of no

    we saw the results

    and what's gonna happen to those "special interest groups" when public payrolls are SLASHED in illinois, california, new york, michigan, wisconsin, florida, new jersey, indiana...

    did you see ANDREW CUOMO's take?



    GOVERNOR ANDREW M. CUOMO STATE OF THE STATE ADDRESS | Governor

    why do you think the dem gub of dark blue new york would say such things?
    Things have not been cut yet

    Wait untill they are

    From schools, to earned income taxed credits, to the military, when things actually get cut you will see an uproar in the US that mirrors that of some eurppean countries. But with more guns
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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    tell it to cuomo and moonbeam

    Jerry Brown's Budget: The Axeman Cometh - Which Way, L.A.? on KCRW

    be careful about the gun talk

    you don't want krugman coming after you

  9. #109
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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by The Prof View Post
    tell it to cuomo and moonbeam

    Jerry Brown's Budget: The Axeman Cometh - Which Way, L.A.? on KCRW

    be careful about the gun talk

    you don't want krugman coming after you

    Politicians being practical will not change the facts of special interest groups opposing cuts to what they find important. Nor will practicallity change the fact that hungry people are not happy people.
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  10. #110
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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by Lord Tammerlain View Post
    Politicians being practical will not change the facts of special interest groups opposing cuts to what they find important.
    huh?

    politicians being politicians will go the way of what they perceive to be the overwhelming sentiment of the voters of new york and california

    ie, tell it to cuomo and moonbeam

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