Wednesday, May 13, 2009
Glen Beck:The Word is Dumping the Dollar
Car dealers fight rapid closures; 180,000 workers could lose jobs
DETROIT — Car dealers from around the nation will be in Washington Wednesday to urge President Obama's automotive task force to let the economics, not the government, decide which car dealers should shut down, and when.
The task force has been pushing General Motors(gm) to trim its dealer ranks faster than the several years originally planned as part of its overall restructuring. Speeding up that process will only dump 180,000 more workers onto unemployment rolls in a recession, the dealer group argues.
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I still find it irritating that Beck puts on the "I told you so" act as if he was the brilliant mind who saw this all coming. Where was he three years ago when it wasn't trendy to talk about this stuff? He was bootlicking his corporate masters.
ReplyDeleteOh, and nobody's currency is backed by anything, not just the dollar.
he is a shill ! plain and simple.
ReplyDeleteyou're making a false argument. Beck was talking about it 3 years ago
ReplyDeleteWhere was he talking about this three years ago? All I've seen is him piggybacking other people's ideas in the past year or so and trying to make himself look like the Grand Puba.
ReplyDeleteon radio, and what this stuff about piggybacking other ppl's idea. Because he saw things the same way we did, so he piggy back off our ideas? C'mon, its the message that count not who takes the credit
ReplyDeleteGlenn Beck was indeed saying all this 2 to 3 yrs ago, he coulnd't say it on CNN's Headline News, BUT he would constantly be covering this on his radio show 2/3 yrs ago.
ReplyDeleteOur six year old saturn dealer was closed a couple of weeks ago... GM is not wasting any time! And Sometimes the most educated lack what matters most... common sense!
ReplyDeleteLook, I'm not a Glenn Beck fan, but it doesn't matter WHERE he was 3 years ago; the only thing that matters is that he is reading the pertinent signs NOW. Beck is being mocked and dismissed for saying the very same things that Roubini and Simon Johnson [IMF], Jim Rogers, Jim Sinclair, Taleb, and a host of others are saying--NOW. The current head of the IMF just warned the other day: "the US may be heading in the same fiscal direction as Ireland..."I'm sick of people using the yardstick of who said what back when. Doesn't matter; it's irrelevant. Everyone is claiming to have seen it coming. That's bullshit. And, it doesn't matter anyway. What matters now is where we're going, not who called it right way back when.
ReplyDeleteI was a Beck fan until he caved in to Murdoch and his NWO friends and didnt report the truth on the FEMA prison camps. I wont listen to him anymore, however, he was saying this years ago, so, I will give him some credit.
ReplyDeleteI am not sure that its all that bad that some car dealers close down. (New Car Dealers).
ReplyDeleteFor the past several years, there have been many articles and other news stories about how crooked some dealers have been in their sales tactics. Now, no one can tell whether or not they paid a fair price for a vehicle, because the factories and the dealers are set up to hide the true cost and profits made on cars, trucks and SUV's etc. My father (now deceased) was a finance manager for a GM dealership, a job called the F&I agent or "Finance and Insurance". That is where the dealer rakes in a whole lot of his profit, and the F&I guy has to be able to sell high cost financing, add-ons like warranties, and other mostly foolish items to the price of the vehicle. These guys are specially trained by the Dealer/Brand of Car people to do this. These dealers have so many tricks and traps for customers that no one walks out of a dealership with other than a too high priced purchase. And the salesmen, salesmanagers, and others are history with the dealerships if the "Gross Profit" is not maintained at a certain level. This is a business akin to a battlefield on all sides.
So, I think shutting down some of the worst dealerships would be good. Trouble is, the worst ones are the most profitable for the Brands. Just my take on it.
I would like to see where he was talking about this years ago. Anyone have a link?
ReplyDeleteIn response to an earlier post, sure, the message is important but I find it insincere and irritating with Beck's loud, sarcastic, and "Listen to how wise I am" smugness he exudes. He gives these long-winded diatribes about obvious things other people have said before and then attributes them to himself. Then, there is denial or pooh-poohing of FEMA camps. I just find the whole thing a sad dog and pony show even if there is some truth to what he's saying.
Like I said, Beck is an idiot!
ReplyDeleteAs far as the educated...Dealerships must shut down...this bubble will bust for EVERYONE.
And no matter who is in office, stimulus package, or not...the ship is going down. I certaining don't think that old man McCain could have done any better a job!
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