Say Anything Blog

After watching the success of Payless shoe stores BOGO a car dealership decided to add their own twist. Let me just say I like the way this man does business!

http://www.kctv5.com/news/20085629/detail.html

I love how they say it is an assault rifle, I highly doubt the man is giving away actual assault rifles but I bet they are AK47 Style civilian rifles…I could be wrong on the laws here and correct me if I am but I believe assault rifles are illegal for the most part.

So people have been defending torture on the basis that it saved the west coast.

Too bad that isn’t true.

The attack was foiled in 2002.

A full year BEFORE the man we tortured for the facts on the attack was even captured.

So how did we prevent something in the past with information from the futu…wait a moment.

http://www.slate.com/id/2216601/

BTW guys. By driving an American car I prevented the apocalypse. Prove I didn’t

It’s funny how cons despise the idea of government run banks, yet one of the few banks to avoid the credit crunch of recent times is run by the state. The state of North Dakota.

They have programs with low interest rates to spur public good, this results in well…public good.

Crazy how a socialist banking structure actually works innit?

You may have noticed that the DOW jumped 6.84% and NASDAQ is up a similar 6.76%, the S&P 500 jumped an amazing 7.08%

All because the Obama Administration laid out it’s rescue plan.

Yet it isn’t anywhere on the front page?

After a good week and a better day today how come no one is mentioning it here?

When the Dow drops a few percent everyone here instantly blames Obama and his admin, now it is climbing and no one is giving credit where credit is due

No, not in the way you think, it isn’t because they up-play it but because they downplayed it until it was too late, encouraging investing and encouraging thievery as far as I can tell. Stewart says it best
http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice

http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/

The Wall Street Journal, arguably one of the more fiscally Conservative press, shows just how bad Republicans are at job creation.

Admittedly Reagan created 16 Million jobs. Quite a few, however Clinton created 7.1 million more jobs than that. Whilst raising taxes!

Bush and his tax cuts created 3.1 million jobs. A fraction of what was created by Clinton.

Bringing in population changes still reveals Clinton’s methods to be superior to Reagan’s as he only had a 1.9% increase in population in comparison to Reagan. Meaning that while population only increased by 1.9%, Clinton created 3.5% more jobs.

So Clinton was bad for the economy was he? And Obama repeating any of what Clinton did makes us marxist fools does it? Well then I am sure the many unemployed would welcome the change.

By Bertel Schmitt
November 18, 2008 - 13,042 views

Chinese carmakers SAIC and Dongfeng have plans to acquire GM and Chrysler, China’s 21st Century Business Herald reports today. [A National Enquirer the paper is not. It is one of China’s leading business newspapers, with a daily readership over three million.] The paper cites a senior official of China’s Ministry of Industry and Information Technology– the state regulator of China’s auto industry– who dropped the hint that “the auto manufacturing giants in China, such as Shanghai Automotive Industry Corporation (SAIC) and Dongfeng Motor Corporation, have the capability and intention to buy some assets of the two crisis-plagued American automakers.” These hints are very often followed with quick action in the Middle Kingdom. The hints were dropped just a few days after the same Chinese government gave its auto makers the go-ahead to invest abroad. And why would they do that?

A take-over of a large overseas auto maker would fit perfectly into China’s plans. As reported before, China has realized that its export chances are slim without unfettered access to foreign technology. The brand cachet of Chinese cars abroad is, shall we say, challenged. The Chinese could easily export Made-in-China VWs, Toyotas, Buicks. If their joint venture partner would let them. The solution: Buy the joint venture partner. Especially, when he’s in deep trouble.

At current market valuations (GM is worth less than Mattel) the Chinese government can afford to buy GM with petty cash. Even a hundred billion $ would barely dent China’s more than $2t in currency reserves. For nobody in the world would buying GM and (while they are at it) Chrysler make more sense than for the Chinese. Overlap? What overlap? They would gain instant access to the world’s markets with accepted brands, and proven technology.

21st Century Business Herald, obviously with input from higher-up, writes that Chinese industry must change and upgrade. China wants their factories to change from low-value-added manufacturing to technically innovative and financially-sound high-value-add industries. Says the paper: “It would be much easier now for strong Chinese automakers to go global by acquiring some assets of their U.S. counterparts in times of crisis.”

Deloitte & Touche sees a trend: “Chinese automakers can start with buying out the OEM projects and Chinese ventures of some global carmakers such as GM and Chrysler.”

The Chinese appear to have bigger plans than an accounting firm can imagine. 21st Century Business Herald acts and writes as if its already a done deal, and the beginning of more to come. “In the coming two years China is likely to see a few of its large Chinese automakers and other manufacturing enterprises set a precedent for achieving globalization by acquiring global companies, just like SAIC or Dongfeng’s possible acquisition of troubled GM or Chrysler.”

Just in case you missed it, the Shanghai Automotive Industry Corporation (SAIC)  is China’s largest auto manufacturer. In 1984, the company entered a joint venture with Volkswagen. A decade later, SAIC entered a joint venture with General Motors. In 2007, SAIC bought the Nanjing Automobile Corporation, which had acquired British MG Rover in 2005.

Dongfeng Motor Corporation is a public company, although 70 percent of their shares are reported to be in government hands. They also are one of China’s Big Three. The company has numerous joint venture partners, such as Nissan, Peugeot-Citroen, Honda, and Kia. Dongfeng (which means “East Wind”) was founded at the behest of Mao Zedong himself in 1968.

So either we help the industry and our government goes deeper in debt or China buys up a substantial part of the Metro Detroit Economy. If the Soviet Union had thought to do something like this…they wouldn’t have because America would have never allowed such a thing to happen. While some people scream of the evils of socialism a true to the core communist nation speaks on buying up one of the big 3.

This may be a good thing, China can purchase into the market and make the business successful, hopefully using American labor to allow little American loss, or they completely shut down the majority of American plants and move to exporting GM cars.