On 04/05/2012 01:45 PM, Nicholas Geti wrote: > It is amazing how you attack conjecture on my part but ignore the conjecture > that Obama said how much money the health care act would save. GM and Wall > Street was only billions; the health care act would cost trillions. lol) > > I agree that there was some success but compared to the alternatives it was > a bad investment. The management and unions made off with millions of > dollars for their own pockets. Why should Detroit jobs be saved at the > expense of the unemployed in Tennessee or any other state where automobile > plants are located? Besides, the profit margins for these other companies is > much higher than GM. This should be a good clue indicating GM was not that > great of an investment. > > I read recently that it is going to be years before GM actually turns a > profit. Their cash flow is good but that is not the same as earning a > profit.
http://www.huffingtonpost.com/2012/02/16/gm-earnings-4q-2011_n_1281349.html Definition of Conjecture: Conjecture Conjecture Con*jec"ture (; 135?), n. [L. conjectura, fr. conjicere, conjectum, to throw together, infer, conjecture; con- + jacere to throw: cf. F. conjecturer. See Jet a shooting forth.] An opinion, or judgment, formed on defective or presumptive evidence; probable inference; surmise; guess; suspicion. [1913 Webster] He [Herodotus] would thus have corrected his first loose conjecture by a real study of nature. --Whewell. [1913 Webster] Conjectures, fancies, built on nothing firm. --Milton. [1913 Webster] -- From The Collaborative International Dictionary of English v.0.48 Conjecture Con*jec"ture, v. t. [imp. & p. p. Conjectured; p. pr. & vb. n. Conjecturing.] [Cf. F. conjecturer. Cf. Conject.] To arrive at by conjecture; to infer on slight evidence; to surmise; to guess; to form, at random, opinions concerning. [1913 Webster] Human reason can then, at the best, but conjecture what will be. --South. [1913 Webster] -- From The Collaborative International Dictionary of English v.0.48 Conjecture Con*jec"ture, v. i. To make conjectures; to surmise; to guess; to infer; to form an opinion; to imagine. [1913 Webster] -- From The Collaborative International Dictionary of English v.0.48 Regards, LelandJ > > > ----- Original Message ----- > From: "Leland Jackson"<lela...@mail.smvfp.com> > To: "ProFox Email List"<profox@leafe.com> > Sent: Thursday, April 05, 2012 1:56 PM > Subject: Re: [OT] People don't want to work > > >> It's easy to conjecture how thing would be better if this was done, or >> that had happened, etc, but the overwhelming majority of the experts >> with the education, training and experience, (eg accountants, economist, >> attorneys, CEO running fortune 500 companies, insurance professional, >> university professors, etc), seem to agree that the bailout has been a >> success, and was certainly much less risky than letting the auto >> industry struggle through a bankruptcy and possibly fail. The jobs >> saved alone, from companies that dealt indirectly with the auto >> industry, made the bailout the right choice. >> >> Since you're strongly opposed to the Obama Administration, your >> conjectures are less than objective, and should carry little weight. >> >> The facts speak for themselves. The government purchase of stock and >> bond of the auto industry have and will make money, and the USA auto >> industry has been put back on solid ground form near failure just a few >> years ago. GM is once again the number one seller of autos in the world >> and is making money. >> >> Regards, >> >> LelandJ >> >> On 04/05/2012 11:36 AM, Nicholas Geti wrote: >>> Bailing out Wall Street was a criminal act. The execs just took the money >>> for themselves through huge bonuses. They should have been prosecuted >>> although several are now being tried and convicted. The stock market >>> would >>> be much stronger now if it hadn't happened. >>> >>> Letting Detroit go bankrupt would not have been a big deal. Remember, >>> bankruptcies are not the same as liquidation. All it means is that >>> contracts >>> become null and void. Business proceeds as usual but under control of a >>> bankruptcy judge who says aye or nay for every expenditure. It is the >>> fairest way to handle all old debts and works well in most cases. >>> >>> Even if the number of cars would have been reduced other companies making >>> cars in Tennessee and other states could easily have picked up the slack; >>> they were already slowing production because of the economy. This case is >>> an >>> example of the govt. choosing who succeeds and who fails. >>> >>> Please note Detroit has not yet paid back the loan from the govt. There >>> is >>> still a lot of waste left in these companies. >>> >>> >>> ----- Original Message ----- >>> From: "MB Software Solutions, LLC" >>> <mbsoftwaresoluti...@mbsoftwaresolutions.com> >>> To: "ProFox Email List"<profox@leafe.com> >>> Sent: Thursday, April 05, 2012 11:49 AM >>> Subject: Re: [OT] People don't want to work >>> >>> >>>> On 4/4/2012 10:39 PM, Nicholas Geti wrote: >>>>> The free market when left alone solved that problem. She got canned. >>>>> Sometimes things take longer than we would like but the alternative is >>>>> tyranny by the government. >>>> What would the economy look like today had the government not bailed out >>>> Detroit and Wall Street? >>>> >>>> >>>> -- >>>> Mike Babcock, MCP >>>> MB Software Solutions, LLC >>>> President, Chief Software Architect >>>> http://mbsoftwaresolutions.com >>>> http://fabmate.com >>>> http://twitter.com/mbabcock16 >>>> [excessive quoting removed by server] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/4f7dee46.3070...@mail.smvfp.com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. 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