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GM declares bankruptcy (pg. 25)
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| DOOMBOT |
| Great argument guys. Was fun! |
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| elFreak |
| when mark anthony's penis gets stuck in your ass, i hope they amputate too:) |
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| winston |
| quote: | Originally posted by elFreak
Your comment about China is wrong though, as I have several friends from North America who live there, are prospering, and never want to come back home;) |
I will be one of those guys :p
mathematics is a universal language. :) |
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| Guest |
| That's strike 3 elfreak!!!! :mad: :mad: |
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| elFreak |
| you don't listen to what i do , so i won't play baseball anyway:p |
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| we_R_DNA |
| quote: | Originally posted by gehzumteufel
While this is ed up, consider the time. No one, on a large scale really, cared to drive it. 1500 cars? That is so few. |
The first prototypes were released back in 1996
Production 1996-1999 (1,117 units)
1997 Model Year: 660 units
1999 Model Year: 457 units
1,117+660+457 = 2,234 cars
GM went as far as to remove all prototypes off the road by 2003. . .Why the abrupt change? What caused it?
I think top GM executives got paid off by the Oil industry at the time so that GM could turn the other way. This crippled GM's image as well as their ability to change to get ahead of the game.
Electric car technology has been proven and here on earth since at least the late 1890's. . . but how much research and development have we as a human race really put towards advancing lets say "Battery technology," compared to when the atom was discovered and the nuclear weapons race started?
Obviously the government is not hiring thousands of people; giving them food, and shelter, and saying hey research how to make batteries in the 1940s.
Instead we got:
The Manhattan Project which eventually employed more than 130,000 people and cost nearly $2 billion USD ($24 billion in 2008 dollars based on CPI)."
Where is the government in spending 24 billion on research and development of electric car technology ?
GM was doing something that would of changed the entire market for cars and how the United States of America gets to work every day.
Well guess what GM fuct that dream all up; Yeah they proverbially said " you and your dream of having an electric car."
So guess what: " GM."
Here are some thoughtful words:
The choices we make today have a direct impact of the very future of tomorrow.
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| gehzumteufel |
| quote: | Originally posted by we_R_DNA
The first prototypes were released back in 1996
Production 1996-1999 (1,117 units)
1997 Model Year: 660 units
1999 Model Year: 457 units
1,117+660+457 = 2,234 cars |
Did you fail math? Total production was 1117 units according to your numbers. So, my number was OVER the actual production.
Also, 1200 units is still VERY low. You can't make any sort of dent doing that. In 1 month, before this recession, .5m cars were sold a month in the US. |
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| Krypton |
| quote: | Originally posted by DOOMBOT
I absolutely agree with you. My point is the worst ones we have ever seen have been due to government involvement. The Panic of 1819, The Depression of 1920, The Great Depression, The Dot Com Boom, The Housing Boom, for examples. The only ones that ended quickly though, were the Panic of 1819 and the Depression of 1920, for example, because the government essentially backed off and let the market correct itself. The reason why The Great Depression lasted so long, for example, was because of the manipulation of interest rates and constant "bailouts" and of course other government involvement. If the government doesn't quit it with the bailouts and expansion of money in our economy with everything that is going on right now, we are headed right into the same thing or even worse. |
I disagree. The Great Depression was made worse because the Fed contracted the money supply when they were supposed to flood the system with liquidity. Notice, the Fed didn't make that mistake this time around did they? Inflation is much more favorable than a deflationary spiral like 1929-1933. Asset bubbles are caused by too much money chasing too few assets. Not by government intervening in the economy.
Agree to disagree. |
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| Krypton |
| quote: | Originally posted by Kinezi
Okay, I fail you win, but that does not mean you are not an , look at the you pull off in this thread. |
You'r right. I am an . Thank you for the compliment. |
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| DOOMBOT |
| quote: | Originally posted by Krypton
I disagree. The Great Depression was made worse because the Fed contracted the money supply when they were supposed to flood the system with liquidity. |
Haven't you ever heard of The New Deal?
| quote: | | Notice, the Fed didn't make that mistake this time around did they? |
You are right, they didn't. They keep printing money and stimulating the problem.
| quote: | | Inflation is much more favorable than a deflationary spiral like 1929-1933. |
So you favor higher prices as the purchasing power of your dollar declines?
| quote: | | Asset bubbles are caused by too much money chasing too few assets. Not by government intervening in the economy. |
So if you agree that the Fed must print more money to fix the problem but then also agree that too much money chasing too few assets is a problem, what is your solution? By the way, the government has to intervene if they want to print more money, which you believe is the solution... I think. |
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| Sunsnail |
| quote: | Originally posted by we_R_DNA
The first prototypes were released back in 1996
Production 1996-1999 (1,117 units)
1997 Model Year: 660 units
1999 Model Year: 457 units
1,117+660+457 = 2,234 cars
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:stongue: |
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| Lebezniatnikov |
| quote: | Originally posted by DOOMBOT
Haven't you ever heard of The New Deal?
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Oh dear Lord. Do go on. Tell us all how the New Deal created the Great Depression.
Trivia question: when did the New Deal start? |
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