InvestYoung

Zero Percent!

GM is making a big push to increase sales before the end of the year. And the way they’re going to do it is with zero percent loans on their most popular SUV’s. That’s right, no interest for up to 60 months on 2008 Chevrolet TrailBlazers, GMC Envoy and Saab 9-7X sport utility vehicles. This offer is also being offered on a few 2009 vehicles as well, but I’m nit sure which ones as of yet. And if your wondering or ask yourself how GMAC is able to do this, well very simply, your tax dollars. That’s right, just a week ago GMAC was given a bank holding company status, which made them qualify for government funding. And the amount of government funding they took was $5 billion. So now we want GMAC and other automakers to stay afloat, because if they fail we lose or money. You gotta love America; we do some crazy things hear.

Direct Marketing!

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Toyota Stalled!

Its finally happened, Toyota Motor has stalled in its growth. I was just reading that Toyota has never filed an operating loss report since they started keeping reports on it. I read that it dates back to 1941. This just shows that every business out there is taking hits like this due to the recession. I can’t think of any companies in the world that are really growing at this point, well maybe Wal-Mart and the Dollar Stores. And even their not growing like they should be. Anyway, Toyota has finally been knocked off their high horse, and what they do to recover could make all the difference. I guess at lease for now they haven’t asked our Government for any bailout money yet. I don’t know if they even could, considering their main offices are in Japan. They do produce a lot of cars and trucks in the United States, so I really don’t know, but I don’t think they could. What I do know is that it’s time for Ford Motor to show it’s true colors and get through this recession without taking one cent of bailout money. If they can do that they will become the leading Automakers. So I will be pulling for Ford!

Running To The Rescue!

It seems that the automakers finally got their way and will be receiving $17.4 billion in government loans. President Bush as rescued another U.S. Industry on the backs of Americans. I’m going to have to get back to the gym and get on one of those treadmills to be able to carry other businesses. I’m getting a little tired of all these big companies crying for a government hand out. Hopeful my workout will be able to keep me going. Although I do understand that it’s not all on Bush, those crocks in the Congress have been handing out a lot of our money as well. Anyway, we’ll save talking about Congress for another day, because I will go nuts if I say anymore about them. Now back to the automakers loan, I did read that one good thing was going into the loan package. The Bush administration is giving them 3 months to get a good plan in place. If they fail to get back on track the loan will be called in and no more money will go out. By having this added in it could help us get our money back faster, or better yet stop the lending. I still think they shouldn’t get the money, but what do I really know?