Once again people…Lets Take A Ride! (Standard and Poor’s drops the hammer on GM and Chrysler) Attack of the Republican Blogs

Today on my Republican blog: Let’s take a ride. Today, I heard a very interesting story on the news this afternoon. It seems that even after being bailed out by the government (with taxpayer money); General Motors and Chrysler had several of their ratings cut by credit ratings agency Standard & Poor’s. Apparently, they have their own predictions about both companies’ future performances in the automotive market and the prospect of their future plans to file for bankruptcy. They also took it a step further, stating that creditors for both companies can expect to take losses if and when they both default. Nice. Chrysler, who’s expected to merge with Italian automaker Fiat, is purportedly expected to be the worse of the two automakers. S&P analyst Gregory Maddock recently said “We believe that if they (Chrysler) filed for Chapter 11 bankruptcy protection, many of its assets and operations would be sold in discrete transactions over time, while other segments may be closed”. Nice. Now, let’s talk about General Motors a little bit. GM faces a government imposed deadline of June 1st to get concessions from its stakeholders, unions and other sources. Today is April 10th people! Unless we get a miracle this Easter; I don’t see that happening. Chrysler’s deadline is even tighter, being due on May 1st, to seal the deal with Fiat. The S&P doesn’t have much faith in them either; noted by the prediction that Chrysler will be filing for bankruptcy by “the end of April or thereafter”. Once again…nice. As anyone who owns any stock in those companies can attest too: the last thing you want to hear is that your shares have been downgraded to “junk bond” status (Charter Communications anyone?). But to all my investors: hold out hope. It’s always darkest before the dawn. Be patient and invest smart; we’ve all seen what Citigroup has done in the past three weeks. In closing, I’d like to give a special thanks to the RNC, the Missouri Republican Party, the Illinois Republican Party, the College Republican National Committee, the National Black Republican Association, the Wall Street Journal, KSDK Channel 5, KTVI Fox 2 News, and Andrea. (I can’t say sorry enough). To all of my Republican Blogs and Bloggers, my Libertarian blogs and bloggers, my Democrat blogs and bloggers (invest in your future and not your fantasies), and to all Political blogs and bloggers: Let your voice be heard. GOP in 2012! And also to Comcast: I’ve been noticing the commercials you’ve been running in the St. Louis market, even though none of us can get Comcast in the area. Please hurry up and take over Charter! I’m taking a bath on those shares! Help my portfolio! See you all later.

Lets Take A Ride! (Standard and Poor’s drops the hammer on GM and Chrysler) Attack of the Republican Blogs

Today on my Republican blog: Let’s take a ride. Today, I heard a very interesting story on the news this afternoon. It seems that even after being bailed out by the government (with taxpayer money); General Motors and Chrysler had several of their ratings cut by credit ratings agency Standard & Poor’s. Apparently, they have their own predictions about both companies’ future performances in the automotive market and the prospect of their future plans to file for bankruptcy. They also took it a step further, stating that creditors for both companies can expect to take losses if and when they both default. Nice. Chrysler, who’s expected to merge with Italian automaker Fiat, is purportedly expected to be the worse of the two automakers. S&P analyst Gregory Maddock recently said “We believe that if they (Chrysler) filed for Chapter 11 bankruptcy protection, many of its assets and operations would be sold in discrete transactions over time, while other segments may be closed”. Nice. Now, let’s talk about General Motors a little bit. GM faces a government imposed deadline of June 1st to get concessions from its stakeholders, unions and other sources. Today is April 10th people! Unless we get a miracle this Easter; I don’t see that happening. Chrysler’s deadline is even tighter, being due on May 1st, to seal the deal with Fiat. The S&P doesn’t have much faith in them either; noted by the prediction that Chrysler will be filing for bankruptcy by “the end of April or thereafter”. Once again…nice. As anyone who owns any stock in those companies can attest too: the last thing you want to hear is that your shares have been downgraded to “junk bond” status (Charter Communications anyone?). But to all my investors: hold out hope. It’s always darkest before the dawn. Be patient and invest smart; we’ve all seen what Citigroup has done in the past three weeks. In closing, I’d like to give a special thanks to the RNC, the Missouri Republican Party, the Illinois Republican Party, the College Republican National Committee, the National Black Republican Association, the Wall Street Journal, KSDK Channel 5, KTVI Fox 2 News, and Andrea. (I can’t say sorry enough). To all of my Republican Blogs and Bloggers, my Libertarian blogs and bloggers, my Democrat blogs and bloggers (invest in your future and not your fantasies), and to all Political blogs and bloggers: Let your voice be heard. GOP in 2012! And also to Comcast: I’ve been noticing the commercials you’ve been running in the St. Louis market, even though none of us can get Comcast in the area. Please hurry up and take over Charter! I’m taking a bath on those shares! Help my portfolio! See you all later.