There was a test, they showed it on CNN (Communist News network)a car going at 5 miles an hour hits something and does between $1500 and $4000 dollars damage. Brand new car, then they showed a 1980 car, and there was no damage.
My car was built by Studebaker, out of Stelco Steel in 1965. Parts are readily available, and a steel quarter panel is $80.00 about. I can get a new bumper for a reasonable amount, the shipping is expensive, cause the bumper is built to push cars with.
Union don't care about investors, it is their company. Management doesn't care about investors cause it is their company. So now they have a problem, investors have no loyalty, because it isn't their company, they don't get a share of the profits, their money is made on the ups and downs of the markets. Why buy a GM car, when a Toyota wins awards and is cheaper? Why buy a Dodge, when a Honda runs cheaper? They have allowed too many of the investors to realise that we have no stake in their success.
I owned stock in a number of companies, stock that in some cases was held for 4 generations. Not one of those companies still exists, well one does, but it went bankrupt and wiped out the shareholders, the rest sold themselves with huge profits for management. So I frequently buy some stock for a week or so, but now most of my income is from rentals. Welfare guarantees my income. The unions and management want to pay themselves great salaries, I believe they should own their own companies. The unions, and management of North American companies have screwed the shareholders, and now I believe they are going to get back exactly what they deserve! |
