GM is a Penny Stock
Meaning that it is now a speculation if you buy the common stock of GM. Same for Ford and (even worse) Chrysler. Now if you don't think this is basically the worst news in a decade then don't waste your time reading this blog. Go buy the fucking shit. Nobody knows exactly how many pretty dam good jobs will go down the drain if we allow the car companies to fail because the suppliers of things these companies use employ millions. Think paper, paper clips, water coolers, copper wires, and a thousand more things GM etal buy from us slobs who sweat while we work. Look out the window and see how many entities are dependent upon the car business. How many need the paychecks that are spent by the sixty million or so factory workers? How many businesses exist for Tiffany shoppers who spend the money looted from suckers in order to exist? You don't know a single person in the diamond biz, the phony art business, or the insanely overpriced hooker business.
Oh those fucking UAW asshole pricks. Those union gangsters and thieves. The power happy union leaders. The criminal element in our society. Oh? And the Wall Streeters, bankers, and hustlers, the guys who have just stolen five trillion dollars from all of us aren't the criminal element? You think guys like me who look at a screen all day and hustle on the phone work harder than a UAW bum who breaks a sweat almost every day? Some fucking actor works? A banker actually does something more worthwhile than the guys who sweat while earning a living? Well fuck you. There are around sixty million people who work jobs that actually contribute something to the USA and none of them include the hustlers, liars, and confidence men who populate the "Investment Community."
Lots of us who are aware are pissed off that we have to bail out the fucking car companies, their shitty executives who refused to make anything but gas guzzlers for the last thirty years because they could hide costs in a big vehicle and sell them for a higher profit. The executives belong in jail, the Wall Street thugs belong in jail, and so do the street thugs in MS-13.
So ask yourselves this one: why is bailing out banks, stock hustlers, and other swindlers OK, but bailing out actual workers at GM, Ford, and Chrysler not OK? AIG has stolen a trillion dollars and counting from us and is getting another fifty billion as I write this. The UAW workers may have stolen fifty mil over the past decade or so; they may be abusing their medical coverages, and some of them are in union contracts that mandate a small percent of them laying around. So?
There is a concept basically held by the Ayn Rand types called Social Darwinism, this is survival of the fittest or else. It's fine if you are the John Gault of the current scenario. If you ain't, the food line forms wherever it forms. Assuming there is any food.
We have to bail the car companies. NOW.
2 comments:
So what you're saying is, BUY GM STOCK! BUY FORD STOCK! Right? This is not a sarcastic question.
Penny stocks (stocks priced less than $1 per share) are worse than playing the lottery. They are never anything more than gambling on long shots. They are priced low because the market says they are near worthless. A huge company like GM, should it declare bankruptcy will leave all common stock holders with nothing.
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