Parts Network!

Any Saab or Volvo car owners out there? Or do you have any friends or family members that own a Saab or Volvo automobile? If so this post is for you and your friends and family. I came across a site called Swedish Parts Network, where you can get Saab Parts and Volvo Parts and a fair price. If you’ve ever priced out parts for these types of automobile you will know right away if your getting a good deal. Anyway, spread the word to your friends or family that knows what it means to maintain these automobiles. They’ll thank you I’m sure.

GMAC Financial Services!

The U.S. Federal Reserve today gave way to letting GMAC Financial Services to become a bank holding company. By making way for this change GMAC Financial Services now can take on deposits and tap into the $700 billion bailout plan. And I’m sure that’s what they’re going to do, tap into the bailout fund. Some people think that if GMAC had to file for bankruptcy protection it would have destroyed GM as well. After all the two need each other to survive. These types of backroom deals by major companies and The Fed make me a little nervous. It seems lately that companies are getting away with all their past bad behavior. They do whatever they want, spend investors money freely and they when things hit the fan they come crying, it makes me sick. Now that we’ve bailout Wall Street and the major players in auto making the only question left to ask is, who’s next? After all the American people have been treated like a cash register. The only thing is, we’re not taking any money in, and we’re handing it out. The last time I checked that’s stealing, right?

I would also like to wish all my vistors a very Merry Christmas!

The Big Three Babies!

It looks like Detroit’s Big Three Babies will be getting a little less than half of their bailout loan, $15 billion. GM, Ford and Chrysler will collapse with this amount of money, why even give it to them. I guess their calling this a short-term loan. I was reading that some economists think they really need $75 billion to $125 billion to survive over the next year. If these automakers had asked for this money a year ago Congress would have told them no way. The U.S Congress is only agreeing to this because we really can’t afford to lose anymore jobs as a Nation. I liked President Bush’s idea, just them the $25 billion already sitting there for them. The only think is the bill that gave them that money is for building cleaner running cars, but no one likes that idea. I say let all three fall apart, they deserve it. This way, by filing for bankruptcy it will break all contracts with the UAW. And then they could layoff every single employee, then hire them back at half their pay, they would save billions. These works are getting paid over $50 an hour just to make a car, that’s way to high, blame that on the UAW. The automakers would come out of bankruptcy so much stronger than trying to get these loans. Most if not all-big companies come out of bankruptcy much stronger. It’s like starting with a clean plate.

Stocks Climb Higher!

Out of nowhere today the U.S. markets shot up like a rocket. The rise in the Dow and NYSE are directly related to the tech sector and the 3 big automakers, GM, Ford and Chrysler. With the bailout coming for the automakers made their stocks rise. GM right now is up over 35 percent, while Ford is over 25 percent. And Chrysler is only up about 3 percent, but it’s up. There are just too many deals on stocks right now, which has sent investors into the buying mood. This all this buying I think we just might have a great week on Wall Street. I guess the real test will come in the next few days if where going to spend or money at the stores. I sure hope a lot of people get out and spend, because if they don’t the markets will sank instantly. So get out and spend, but only spend what you can afford.