[PRCo] Re: Gazzz

[John Swindler]

I see that GM is slashing 30,000 jobs, and there is talk of filing for 
bankruptcy.  What was that 'old sayin' again, Jim???

John



>From: "James B. Holland" <PRCoPCC at P-R-Co.com>
>Reply-To: pittsburgh-railways at dementia.org
>To: pittsburgh-railways at dementia.org
>Subject: [PRCo] Re: Gazzz
>Date: Sun, 20 Nov 2005 20:09:03 -0800
>
>The Old Sayin' used to be:
>
>
>"""As GM goes, So Goes The Country"""
>
>
>Very Interesting Observations, Bill!!
>
>
>While the Investing World is watching High-Tech companies and the future
>seems to be centered around computers, Autos Still Drive The Economy, to
>use a phrase.       The Big  *-D-*  *-may-*  be in the process  --  I
>hope I am wrong but History Does Repeat.       GM and USA auto industry
>have slid some already in the past couple decades compared to Japanese
>autos and appear poised to slide much further    ----    some see the
>possibility of GM filing bankruptcy!!!       Can't happen today(??)
>----    over simplistic, but this is definitely one of the reasons it
>can!       Hope I am wrong but I believe we are just seeing the tip of
>the iceberg on the downside.
>
>
>
>
>Bill Robb wrote:
>.
>
> > There may be a fundamental change in the economy occurring. We have
> > seen high gas prices for two summers in a row. It's been caused by
> > somewhat uncontrollable factors. Auto makers are faced with suppliers
> > going bankrupt. Last time something like this happened was when many
> > of the manufacturing jobs disappeared in the late 80s and early 90s.
> > It'll be interesting to see what happens to gas prices next summer
> >
> > Not too long ago I was in a local cafe and one of most prominent local
> > car dealers was there. He was very publicly telling another business
> > man that business is much harder than it used to be. Cars last longer
> > (usually about seven years), people keep their cars longer and the
> > auto companies don't even seem to make money making cars any longer.
> > GM makes more money on financing than auto sales. As gas prices kill
> > SUV and truck sales and the huge SUV profits disappear it can only get
> > worse.
> >
> > I recently read an article suggesting the reason that trolleys
> > disappeared from the scene was that they did not have the profit
> > potential that autos, road building, gas refineries, auto insurance,
> > and hospitality facilities brought to the economy. Macro economics
> > killed the trolleys. The car culture provided more employment and
> > wealth creation opportunities than the efficient networks of trolleys.
> >
> > Now the car culture that supports much of the economy could be on life
> > support.
> >
> > Bill Robb
> >
> >
> >> Fred Schneider wrote:
> >> .
> >>
> >>> .......Suggested solutions are to tax people by the miles they drive
> >>> instead of the gasoline consumed, start a campaign to get people to
> >>> drive more and to discourage the use of mass transit.
> >>
>
>
>
>Jim__Holland
>
>
>I__Like__Ike.......And__PCCs!!
>
>down with pantographs ---- UP___WITH___TROLLEYPOLES!!!!!!!
>
>