By on August 14, 2019

With another global recession looming on the horizon, executives at General Motors and Ford are busy touting the merits of being prepared. On Tuesday, the financial heads of both automakers were present at a J.P. Morgan Conference in New York to explain the steps being taking to mitigate economic disaster.

While financial hardship is not yet a guarantee for the United States, the ongoing trade war with China has impacted the cost of doing global business. Likewise, most sizable automotive markets are either underperforming or have surpassed peak growth levels. Depending upon the severity of the anticipated recession, GM claims its “downturn planning” could include postponing non-essential capital expenditures and shifting toward lower-priced automobiles.

Unfortunately, neither company finds itself well positioned to make that kind of change. GM and Ford have both spent billions over the last few years on electrification, mobility programs, and data management. They’ve also ended production of many of their most affordable models to push higher-margin utility vehicles and pickup trucks.

They do, however, seem to have enough money to weather the storm for a time. According to Reuters, Ford CFO Matt Fields said the manufacturer has a cash buffer of $20 billion. Meanwhile, GM finance chief Dhivya Suryadevara said his company has $18 billion in cash with the potential to pay two years’ worth of dividends.

“It’s something that we continually keep watching and updating to make sure that we’re all set for when the downturn does come,” Suryadevara explained, adding that GM has been modeling scenarios akin to the Great Recession that bankrupted the company in 2009. She said that the automaker doesn’t foresee another recession as being a certainty but felt it was better for General Motors to be prepared.

Both automakers are also undertaking restructuring efforts involving thousands of layoffs and some shuttered factories. As a result, GM estimates it will see about $2 billion to $2.5 billion in cost savings by the end of 2019. Ford’s restructuring is presumed to result in $25.5 billion in total savings by 2022.

[Image: Sergey Akhrameev/Shutterstock]

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86 Comments on “Ford and GM Prep for Economic Hardship...”


  • avatar
    JoeBrick

    I hope that the full impact of this next recession/crash does not come before the next election. To quote Bob Dylan- “A hard rain’s gonna fall.”
    Actually, both GM and Ford will be partially responsible for the next recession by laying off workers while sales are at record highs. They are either being overly cautious- something that they are not known for- or they want it to come before the election to hurt Trump’s chances of re-election. I don’t know which.

    • 0 avatar
      jmo

      If it comes before the election it would be on trend. Bush I ran into a recession and as a result lost his reelection bid. Things boomed under Clinton. With Bush II we had the post 9/11 recession and then he presided over an economic calamity. We recovered under Obama. Then we have Trump who seems to have triggered a recession with his trade policies. Seems like quite a track record for republicans to run on. Every time you elect us we ruin the economy but this time it will be different.

      • 0 avatar
        Hummer

        Recovered under Obama? What planet do you live on? Those were a painful 8 years for America’s economy.

        • 0 avatar
          jmo

          When did that pain start Hummer? Who was in charge?

        • 0 avatar
          APaGttH

          The data does not support your view (never voted for Obama, didn’t like the guy, but facts are facts).

          Unemployment didn’t magically go from “42%” in October 2016 to 4% in January 2017. If you believe that, I would love to talk to you about the many oceanfront real estate opportunities available in Colorado. Real ground floor stuff, guaranteed to appreciate over the next 10 years regardless of the economy.

          • 0 avatar
            OldWingGuy

            I’m about as right wing as you will find, but as you say, facts are facts.
            Article on CNN today listing stock market growth (S&P 500) by President over their whole term.
            Clinton +210%
            Obama +182%
            Reagan +118%
            HW Bush _51%
            W Bush -40%
            Trump 25% (so far)
            Lets see how things end with President Trump. If I recall, President Trump took the credit when the Dow went up. How many think he will take the blame when it crashes. Or will it be the fault of Clinton, Obama, Deep State, The House, the liberal media, the boogyman…
            I find it amazing how people can just ignore facts and make stuff up. Based on the above, perhaps a Clinton/Obama ticket is called for next November.

        • 0 avatar
          bd2

          Yes, the recovery started under Obama; actually pretty early on in mid-2009.

          Employers avg’d adding nearly 200k jobs a month from March 2010 to Dec. 2017.

          Problem was that the recovery wasn’t as quick as some had hoped and wasn’t as widespread (the working class and poor got the crumbs) – which is what happens during a recessions/depression arising from malfeasance from the finance/banking sector as opposed to a normal business cycle recession (the Great Depression being the most prominent example).

          Bush the Elder lost his bid for re-election due to the recession arising from the Reagan era S&L crisis (“Voodoo economics” indeed).

          Then there was the bust from the dotcom bubble and then the Great Recession which arose from the over-deregulation of Wall St. (Wall St. bundling and “securitization” of mortgages and financial derivatives was a toxic combination).

          Note how all of these arose due to Republican fiscal policies.

          Being an actual fiscal conservative, makes me laugh that the Republicans still cling to the falsehood that they are ones as well (there are still a few Republicans who are actual fiscal conservatives, but even their views towards Wall St. is misguided).

          After the banking sector/hedge funds make their billions from what was essentially the largest Ponzi scheme in history, stated that they will turn their attention to healthcare (an industry ripe for maxing out profits and ripping off the consumer) and that’s exactly what has been happening.

          • 0 avatar
            FordMan_48126

            Using a CNN story to prove your point? Talk about learning – given the lies and distortions CNN has been caught over the last three years, you really think those figures are accurate?

            Go to marcotrends websites, which has daily dow going back to 2010. On 10/31/2016, the DOW average that day was 18,142.42. Yesterday, it ended at 25, 479.42. From two weeks before the 2016 election to yesterday, the market went up 40.4 percent.

            Yes, in looking at the figures, during Obama’s two terms, the stock market hit a low of 6,547.05 on March 9, 2009 and went up to 18,142.42….so a jump of just over 115%. I’ll give CNN the benefit of the doubt due to rounding errors.

            Yet you can’t ignore the fact that during Obama’s first term, the pain was much worse and the polices enacted did not help the average person nearly as much as they should have….someone already mentioned that in the posts. Moreover, it is clear that most of the MSM will do everything and anything to minimize anything good the current POTUS’s administration does. In other words, Trump is not quite the savior some make him out to be, yet he is not doing bad, and Obama was not quite as evil as some made him out to be but not exactly the world savior, either.

            Bottom line – both appear in financial terms average presidents. The key will be how which ever administration is in power in 2020 how they handle the downturn, and how bad it will become. One thing that is different, and could be a big item (either way, great or really bad) are the negotiations around trade, specifically with China. Everyone knows China is playing the waiting game, but if this item gets solved, it will set up the US economy to be better for the long run.

          • 0 avatar
            jmo

            “Yet you can’t ignore the fact that during Obama’s first term, the pain was much worse and the polices enacted did not help the average person nearly as much as they should have…”

            By that logic Bush II and his conservative policies bear far more of the blame, no? You blame the person who caused the crash more than the person who fails to clean it up fast enough.

    • 0 avatar
      spookiness

      I’m pushing 50 and recessions have always coincided with R presidential administrations, and twice timed as I was finishing a degree and on the job market.

      • 0 avatar
        golden2husky

        Today’s CNN business has a great spread on stock market performance by president. Some who think Trumps economy is the best will be surprised. It’s good yes but not near the top. Anybody who distrusts the data because it is on CNN (understandable as I would be suspicious if from Fox) the raw data can be found by googling “ stock market performance by president “.

        Ultimately presidents get the blame or glory when in fact they are rather limited in what the can do

        • 0 avatar
          ajla

          “stock market performance by president. Some who think Trumps economy is the best will be surprised.”

          “The economy” consists of more than just the stock market. I’m not sure how Trump’s time would rank historically but more factors should be considered before making broad statements.

          • 0 avatar
            bd2

            But the best thing about the “Drumpf economy” has been the stock market.

          • 0 avatar
            Luke42

            The stock market is just the betting pool on the real economy.

            It’s real social purpose is to distribute capital to companies via IPOs.

            The secondary trade in “used” stocks that we all talk about is a just sideshow which makes IPOe work better.

            Yeah, we get it. The stock market is just a betting pool on the real economy that distributes capital to growing businesses based on the wisdom of crowds. That’s not the same thing as the real economy, but watching it sure can lead to insight, just so long as you understand the context.

    • 0 avatar

      Playing games with Trump proved to be a risky busyness. Look at Hong Kong – it looks like China is on the brink of turmoil or may be even revolution. And how that happened? Coincidence? I was 90% sure that Hilary will win elections since the whole mass media was trying to convince us about just that. Trump turned out to be smarter than media and his opponents on both sides expected. I did not vote for Hilary because I was assured that it is a sure thing and there is no reason to worry. That idiot? He will never get elected. He is not as smart as us or General Motors.

      • 0 avatar
        Luke42

        Trump is so blatantly and obviously unqualified for the office that we couldn’t believe y’all would look past that.

        You guys sure showed us!

        It’ll take decades for the adults to clean up this mess.

  • avatar

    GM could bring the Cruze back to the US in an instant. It is still in production in South America. If(when) the global downturn comes and if people turn back to small cars, stick a few on a boat and ship them to the U.S.

    • 0 avatar
      bd2

      Most buyers who need to “downsize” will be turning to smaller crossovers and not sedans or hatches.

    • 0 avatar
      Robotdawn

      I saw that. I doubt the plant in Argentina has the capacity to meaningfully supply the US with cars though. I still think it would have been smart to keep the Mexico line running when they shut down Lordstown. Production volume would have been low enough then GM could have sold the cars near sticker.
      I assume the plan for GM has been to source the small cars from China if a recession makes them necessary again. Can you imagine the tarrifs Trump (or Warren) would put on automobiles if there is a recession?

      • 0 avatar
        Luke42

        Remember that GM went bankrupt and had to be nationalized (for a time) because they f*cked up recession planning last time.

        This gives them the option to respond to market demand to some degree as the market changes.

        Yeah, maybe people will prefer small crossovers to small cars. Maybe they won’t. You gonna bet everyone’s jobs on one of those outcomes?

        Having a way to meet some demand for a less likely outcome is a pretty good hedge, especially if it could buy them some time to bring more production online if the market suddenly wants small cars instead of small CUVs.

  • avatar
    SCE to AUX

    “…shifting toward lower-priced automobiles”

    That’s a tightrope to walk. The same (or lower) volume with weaker margins doesn’t sound fun.

    • 0 avatar
      Luke42

      During the last recession, Honda zigged toward cheapened cars, while most-everyone else zagged toward higher margin cars.

      …Which is why the 2016 Honda Civic that we bought was such a pleasant surprise! Honda got their soul back with that car.

  • avatar
    JimC2

    Uh oh… headline suggests it might be getting time for me to put money back into short hedge funds.

  • avatar
    ajla

    Back to Bar-S hot dogs and Ramen noodles for me.

    • 0 avatar
      APaGttH

      Bar-S hot dogs are PEOPLE!

      PEOPLE!!!!

      • 0 avatar
        JimC2

        Due to its enormous popularity, Bar-S Hot Dogs are in short supply, so remember—Tuesday is Bar-S Hot Dog Day.

      • 0 avatar
        JoeBrick

        Bar-S hot dogs- Made by a Chinese-owned company, Smithfield, owned by Shuanghui Group, which changed its name recently to WH Group.

        They also own- Armour, Berlinki, Carando, Cook’s, Curly’s, Eckrich, Farmland, Gwaltney, Healthy Ones, John Morrell, Krakus, Kretschmar, Margherita, Morliny, Nathan’s Famous, and Smithfield

        • 0 avatar
          brettucks

          Looks like they may no longer own it?
          “Sigma Alimentos, S.A. de C.V., also known as Sigma or Sigma Alimentos, is a Mexican multinational food processing and distribution company headquartered in San Pedro, near Monterrey, Mexico…. It is a subsidiary of the Mexican industrial conglomerate Alfa…..In June 2015, Alfa also announced it acquired the remaining 37% of the shares of Campofrío held by WH Group so that Sigma can later buy it.”

        • 0 avatar
          ponchoman49

          Thanks for that list. I now know which hot dogs to avoid totally!

  • avatar
    DenverMike

    There’s no reason to panic. All the deadweight is gone, most are newer platforms and they can focus on lower priced vehicles within their current lines. Like offer an XL Expedition with steel 17″ wheels, rubber floor, vinyl seats, etc (already sold to fleets), and drop the silly rules prohibiting certain options on lower trims, like the no 6.2 V8 on basic/base fullsize pickups or RS Camaro. All options should be ala carte, no more forced bundling.

    Even with a recession, there will still be plenty of money to be spent on new autos, but make it worth our while. Stop acting like we need you more than you need us.

  • avatar
    JMII

    So this explains the C8’s pricing!

    If gas prices go up and the cash cow pickup / SUV craze ends they are going to be hurting. Bailout 2.0?

  • avatar
    Roader

    “With another global recession looming on the horizon…”

    Really, what other hope do the Dem’s have, other than pining for a recession?

    • 0 avatar
      golden2husky

      Well
      One could start by desiring a president that is
      Not a chronic liar or one that actually respects the constitution. And people. And the planet. Just for starters

      • 0 avatar
        JoeBrick

        @Goldenshowers- “chronic liar” We got rid of that president on January 20th, 2017.
        “If you like your doctor, you’ll be able to keep your doctor; if you like your health care plan, you’ll be able to keep your health care plan.”
        “It will cost $2500 per year less than what you have now.”
        “More young black men languish in prison than attend colleges and universities across America”
        “The day after Benghazi happened, I acknowledged that this was an act of terrorism”
        “There is no spying on Americans.”
        Remember ?
        etc. etc. etc. …

        • 0 avatar
          golden2husky

          Well, if you can’t argue with facts, just name call. Yes, Obama had his share of lies, as do all politicians. However, the sheer volume of the absolute lying trash that spews out of Trump’s mouth is that of legend. Blaming Clinton for Epstein? Wow. He just does not care what fabrications he spews. Try some fact checking. And while I am always suspicious of some sources, you might find they can be useful. Case in point – the issue about Pence’s statement about getting on your knees. MSNBC left out the background of that statement and while they did not fabricate anything, the background of the comment certainly leads you to a different conclusion than one would likely make if you heard it in isolation. Fox had the full story in one place. Obviously these are the extreme L/R mainstream news sources but it is up to you to not put yourself in a news silo. Somebody here (HDC?) suggested Newsy as a more level field…

          Best Bumper sticker to date:

          “All in all the prick still has no wall”. Roger Waters must love it!

          • 0 avatar
            ToddAtlasF1

            “Well, if you can’t argue with facts, just name call.”

            Do you not know that you’re the one name calling and Joe is the one dropping facts?

      • 0 avatar
        Dartdude

        Which constitution is that ? The one that our founders made or the one demos use that have imaginary rights in them. (ex Abortion,healthcare,housing income equality)

        • 0 avatar
          JimZ

          I see the problem. You think the Constitution *grants* us rights.

          man, have the Boomers utterly trashed education in this country. too much focus on using it to cram Jesus down everyone’s throats.

          • 0 avatar
            Dartdude

            The constitution does not grant us rights. Our rights are God given, but demos think that there is all sorts of rights in there. The constitution controls the government power over the people being governed

          • 0 avatar
            JimZ

            did you have a stroke or something? ‘cos that word salad is borderline nonsense.

            oh, and god doesn’t exist, so don’t @ me with that crap.

      • 0 avatar
        Art Vandelay

        “Not a chronic liar or one that actually respects the constitution. And people. And the planet. Just for starters”

        So you plan on cloning George Washington? Because that’s the only one I can think of that fits the bill.

    • 0 avatar

      In Europe there is already recession and negative interest rates and China is falling apart. US is strong but if Democrats take power and as promised increase taxes and introduce antibusiness policies US will enter recession too.In any case established order (after WWII and Cold war) is crumbling. Hatred towards US around world and even on the coasts in US itself makes it very difficult to sustain Pax Americana any longer. Nationalism is taking over globalism around the world. We live in interesting times.

    • 0 avatar
      bd2

      It’s the disastrous Drumpf/Republican policies which are dragging the US (and world) economy into another recession.

      There’s a reason why Drumpf has been BULLYING the Fed Reserve to CUT interest rates (not supposed to do that when the economy is “strong” as that’s the major tool the Fed has to try to turn things around when a recession hits).

      • 0 avatar
        Best_Ever

        Its like listening to a crying baby. Will you be crying for the entire 8 years or will a safe space help?

        • 0 avatar
          JimZ

          I’m starting to think that just like we make people wait until they’re 18 to have the right to vote, we should take away people’s right to vote after they pass, oh, I don’t know, 65 or so? ‘cos all old people do is vote for stuff which protects and pays for their decaying @$$es (like Medicare, which somehow isn’t “socialism”) no matter how badly it screws future generations.

          • 0 avatar
            Roader

            “I’m starting to think…”

            Are you sure? I don’t notice any actual thought in your comment. It’s more of a tantrum, like a toddler in a grocery store.

    • 0 avatar
      jkross22

      Well technically trumps approval rating is all they really need. That and his idiotic tweets help Democratic Party candidates every time he’s taking his 3am dump and has something to tweet to the world.

  • avatar
    JoeBrick

    ” GM finance chief Dhivya Suryadevara said his company has $18 billion in cash with the potential to pay two years’ worth of dividends.”
    A perfect time to lay off thousands of workers !

    And didn’t someone say that Dhivya “Dizzy” Suryadevara was a she-male ?…er…he-male ? …er…female ? or something…

  • avatar
    SPPPP

    “According to Reuters, Ford CFO Matt Fields said the manufacturer has a cash buffer of $20 billion.”

    Hmm. And according to Macrotrends.net, Ford has up to $38 billion in liquid assets. And total assets, including property, plant & equipment and intangibles, are about $262 billion. And gross revenue in 2018 was about $160 billion. Yet, the market capitalization, or total value of shares outstanding, is only $37 billion.

    To me, it suggests that the financial “powers that be” are not in love with the idea of owning a car company in 2019.

  • avatar
    Superdessucke

    Expect the media to push this “we’re going into the recession” stuff hard in 2020. Nothing else is working to try to unseat Trump.

    That the Democrats and media want the country to go into a recession should tell you a lot about how much they care about you!

    • 0 avatar
      N8iveVA

      Superdessucke: Stop acting like the Republicans are any better. They don’t give a damn about you either.

      • 0 avatar
        Superdessucke

        N8iveVA – I know, where did I say Republicans cared? bretttc – huh? FreedMike – anyone who responds to anything with “Fox news” is a moron.

      • 0 avatar
        Dartdude

        So a major political party aka Democratic. hopes and dreams that Americans have real financial hardships so they can get power. You support that, with Americans like you we don’t need you here. Why do peeople that hate America just leave! If you don’t like a Ford Mustang you don’t buy and not modifiy it into a Camaro.

        • 0 avatar
          JimZ

          ” hopes and dreams that Americans have real financial hardships so they can get power”

          as opposed to the other party who *gives* people real financial hardships so they can enrich themselves and their buddies?

    • 0 avatar
      brettc

      Yep, the upcoming recession is all Hillary’s fault! Gosh darn her!

    • 0 avatar
      FreedMike

      “Anti Trump media?” Bulls**t. The Official Trump 2020 Campaign Website – I mean, Fox News – is talking about “recession horns blaring.”
      https://www.foxbusiness.com/markets/recession-horns-blaring-stock-market-impact

      The media’s reporting the news. If it happens to be bad for Trump, that’s on him, isn’t it? Maybe he should tread more carefully on this whole trade-war business.

      • 0 avatar
        JimZ

        they’ll just find a way to blame Obama. somehow the good times from 2017 to now will be Trump’s achievement, and when things hit the skids it’ll be the previous guy’s fault.

        lazy, stupid “thinking.”

  • avatar

    I think GM should worry more about the potential strike coming up. It is going to be the biggest since 1974. Barra pushed all the right buttons to create this strike scenario.

    UAW is already planning strike pay for its workers.
    https://www.freep.com/story/money/cars/ford/2019/08/14/uaw-contract-talks-2019-ford/1997833001/

  • avatar
    jkross22

    Ford and gm wouldn’t have to restructure if they made better products.

  • avatar
    golden2husky

    GM and Ford are placing themselves in a bad position. What once was a hallmark of GM’s playbook – a car for every purse and purpose – provided them with models for every taste, need, and price level. With the big push to truck and CUVs only, buyers that want something else will shop somewhere else. These types of vehicles may be the biggest sellers right now but once personal luxury coupes were the in thing. At some point the economy will contract, money will be tight, and fuel will likely rise in price as well. It seems to me the automaker that can provide the needed vehicles for those conditions will be the one to survive a recession in the best shape. If the vast majority of your profit comes from large trucks and the economy craters, the automaker with the limited portfolio will be in the most trouble. The lesson is right there in recent history…

    • 0 avatar
      JimZ

      “GM and Ford are placing themselves in a bad position. What once was a hallmark of GM’s playbook – a car for every purse and purpose – provided them with models for every taste, need, and price level. ”

      the Sloan Model only works when you have a huge chunk of market share.

      “These types of vehicles may be the biggest sellers right now but once personal luxury coupes were the in thing. ”

      sure. and we’ve been waiting how many decades for the wagon to come back?

  • avatar
    N8iveVA

    Superdessucke: Stop acting like the Republicans are any better. They don’t give a damn about you either.

    • 0 avatar
      highdesertcat

      I have found the best political way to be is as a Registered Independent. Many States allow that, or…. a person could register to vote as “Not aligned/affiliated with any political Party.”

      That way you get political junk mail from all sides and YOU decide who is the best qualified candidate for the job. You won’t be influenced but you’ll be informed, like they say on NewsyTV (chan 283 Dish).

      I started life in a two-union ‘crat household, became a Republican when I joined the military. My distaste for BOTH political parties drove me to become an Independent when I retired from the military.

      I’m a much happier Cat now.

      • 0 avatar
        -Nate

        Sadly, if you do that in California, you’re banned from the primaries….

        -Nate

        • 0 avatar
          highdesertcat

          Nate, that is California.

          But Californians always get what they deserve, just like ALL Americans do; because they/we vote for it.

          Those who do not like California’s ways, leave. (Often much to the chagrin of their neighbors in the states those Californians move to.)

          All of MY family with the exception of my #2 son and #1 grandson have left California. These remaining two guys are working on leaving but their DHS jobs are done in only one place on earth – SoCal.

          • 0 avatar
            Dartdude

            I escaped this June, I am now enjoying paying $2.95 for gas.

          • 0 avatar
            -Nate

            @ HDC ;

            You’re right about getting what we voted for, I have to live with that because I really like living here in my tiny little crappy termite infested Ghetto home .

            That’s my cross to bear, no one else’s .

            I’ll pay the freight until I can’t then figure out what do do next .

            I’ve been on borrowed time life wise for a long time so mayhap I’ll croak ere long .

            Until then, PARTY ON ! .

            -Nate

          • 0 avatar
            highdesertcat

            Hi Nate, sorry about the delayed reply. I’ve been away – very busy day today. Hosted my best friend by taking him around to Chevrolet dealers in the El Paso/Las Cruces area to see if any deals could be made on a 2019 Silverado CrewCab Shortbed with Power Driver Seat, in Silver Ice Metallic.

            Plenty out there but $6K off an LTZ or High Country, or $10K off an LT or RST, does not a good deal make after you add tt&l on the full MSRP, and all the dealer-installed nit-noy that is NOT discounted.

            I’m getting an education. My best friend is too and I think he’ll be delaying his new truck purchase until the 2020 MY Silverado trucks start arriving.

            The dealers don’t know this, but money/price is not always a consideration for seniors. Value/content is far more important in the buying decision for many seniors.

            Dealers can discount a vehicle 20% BELOW MSRP to a potential buyer, but if book value/loan value of that discounted vehicle is really 26% BELOW MSRP or less (like on a W/T) a buyer has to be pretty desperate to buy on those terms, and no amount of “free maintenance/oil changes” is going to offset that they already paid for those freebies by paying too much for the vehicle.

            Hope your “borrowed time” gains many more years to your time with the ttac B&B. I’ve always enjoyed your comments.

            Because I was born in Huntington Beach, CA, and grew up there and in La Jolla (San Diego), CA before joining the Air Force in 1965, it breaks my heart to see the places I once loved so deteriorated and dilapidated. Having been to Old Mexico, the term “Barrio” comes to mind, filth, junk cars, and crime everywhere.

            My #2 son wants to get out of CA but his Fed job keeps him there. Ditto with my grandson from my #1 son who works at the same place.

            And you’re right, until there is a way to resolve this for them and other unhappy Californians, PARTY ON!, or IOW, Suck it up and deal with it.

            Take care, Nate.

            El Gato

          • 0 avatar
            -Nate

            Thank you HDC .

            I first came to California in the Summer of 1969, I was working my way down the Pacific Coast from Canada to Mexico, I spent two weeks in Berkley (‘Berzerkly’) and enjoyed it and S.F. before heading down to Los Angeles, I was lucky to have experienced the city you grew up in , it really was a wonderful place to live, one has to work at it these days else it’s like living in a bee hive, not pleasant .

            I’m a Geezer too and agree about “value” ! .

            If they still made a decent base model 6′ bed step side 6 cylinder fleet pickup I’d love to try and figure out how to afford one .

            The last ones I really liked were the Chevy 1991 fleet models, for strippers they were pretty nice ~ AC, AM/FM, PS, PB & a good slushbox tranny .

            Rubber mats and so on but I’m a Farm Boy born and raised so that’s all I need .

            The only time I was involved in buying a new car was in 1989 when my ex wife bought a new Honda four door, it was nice but the B.S. they tried to put us through was endless .

            I’ve bought two new Motocycles, one was custom built in Russia, the other was a 2000 Y.M. Kawasaki W650, I still have both, nearly died on both in collisions .

            To me, busy is good ~ I’m busier now than I was the last few years of my career @ COLA .

            -Nate

          • 0 avatar
            -Nate

            Thank you HDC .

            I first came to California in the Summer of 1969, I was working my way down the Pacific Coast from Canada to Mexico, I spent two weeks in Berkley (‘Berzerkly’) and enjoyed it and S.F. before heading down to Los Angeles, I was lucky to have experienced the city you grew up in , it really was a wonderful place to live, one has to work at it these days else it’s like living in a bee hive, not pleasant .

            I’m a Geezer too and agree about “value” ! .

            If they still made a decent base model 6′ bed step side 6 cylinder fleet pickup I’d love to try and figure out how to afford one .

            The last ones I really liked were the Chevy 1991 fleet models, for strippers they were pretty nice ~ AC, AM/FM, PS, PB & a good slushbox tranny .

            Rubber mats and so on but I’m a Farm Boy born and raised so that’s all I need .

            The only time I was involved in buying a new car was in 1989 when my ex wife bought a new Honda four door, it was nice but the B.S. they tried to put us through was endless .

            I’ve bought two new Motocycles, one was custom built in Russia, the other was a 2000 Y.M. Kawasaki W650, I still have both, nearly died on both in collisions .

            To me, busy is good ~ I’m busier now than I was the last few years of my career @ COLA .

            ? Can’t he find any left over 2017’s or 2018’s ? .

            -Nate

      • 0 avatar
        JimC2

        “My distaste for BOTH political parties”

        PREACH, brother Cat!

        • 0 avatar
          highdesertcat

          ’tis true, brother JimC2.

          I detest “The Party” line of either side because there is no regard for the good of the constituents in the trenches at home.

          Just the political expediency to gain/retain POWER.

          And THAT sucks in a government that is supposed to be “of the people, for the people, and by the people.”

          • 0 avatar
            Art Vandelay

            Thank you. Everyone yelling and screaming at each other not realizing that the politicians are on the same team regardless of the letter after their name.

            As such, I no longer care. I’ve done my bit for God and Country and am fairly recession proof. Heck there is a small part of me hoping it happens so I can score some deals while each side points the finger and blames each other.

  • avatar
    schmitt trigger

    This type of threads are guaranteed to become political from the very first post….and madness ensues.

    • 0 avatar
      highdesertcat

      “This type of threads are guaranteed to become political from the very first post….and madness ensues.”

      Naw man, I see it as different people having a radically different interpretation of the same facts, as the political ramifications of any governing administration take its toll or doles out its rewards on individuals and their loved ones.

      The current administration has done wonders and miracles for me and mine. But it reduced freebies to the freeloaders, panty-waists and feather merchants.

      The previous administration left me feeling focked without even getting kissed. But it was paradise for the freeloaders, panty-waists and habitually unemployed.

      Same facts.

      Different interpretations.

      • 0 avatar
        jkross22

        “Same facts.”

        Nope, and that’s the problem. We disagree/write off/minimize facts that contradict our position.

        You do it frequently.

        • 0 avatar
          highdesertcat

          Facts is facts. Parts is parts.

          You can’t change facts. But you can interpret the facts differently than others.

          Take the facts in the shooting in Philadelphia, as an example. Yesterday, the talking heads on the far left main stream media were all ranting, raging and railing against assault weapons in the hands of white supremacists.

          Was I surprised to learn today that the shooter in Philadelphia is a negro? Fact.

          Same facts, but different interpretation from the left wing coalition.

        • 0 avatar
          JimZ

          no. the problem is we insist that every opinion- no matter how ill-informed or just plain stupid- is as good as fact.

          I forget who I heard say it, but what sums it up is that most of this country’s problems right now are because we can’t even agree on what *reality* is. We let the leaders of our “teams” tell us what we should think reality is instead of trying to find it on our own.

          oh, and way too many of us believe we’re far smarter than we are.

    • 0 avatar
      Roader

      “This type of threads are guaranteed to become political from the very first post….and madness ensues.”

      Probably because the author made the column political in the very first sentence:

      “With another global recession looming on the horizon…”

      This is just wishful thinking, not based on any facts.

  • avatar
    rpol35

    They’re both gonna’ run out of plants to close and people to fire before too long.

  • avatar
    Art Vandelay

    “My politicians are good and yours suck and are responsible for all that’s wrong”

    – 90 percent of the posters here.

    I swear to God it’s worse than living in Alabama during the Iron bowl (I’m not a fan of Bama or Auburn). That at least is entertaining. You idiots are trying to rip apart the country I love. It used to make me sad, but now I’m just cynical and try to profit somehow off of all the stupidity.


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