Another 22 bil. bailout for our friendly auto giants.
Billy,
Unbelievable bailout request and yet another 47,000 jobs lost? What do the laid-off workers get? A stimulus car tax check for $300.00 they can use toward their next car purchase?
Do you know anyone who’s buying a new car these days-or any vehicle at all-for that matter who can’t afford paying our mortgage or buy meds won’t be buying a new Caddy anytime soon. I plan on driving my BMW ’til the wheels fall off!
I read in the WSJ that 20% of us in the city have had to choose between either buying meds. or buying food. The loss of jobs have never been this severe since 1910 and 9 mil of us in foreclosure mode. What is mind boggling is that 700,000 baby boomers will be retiring with no medicare or social security- that’s Mom and Dad, folks!
I hope that the luxury car market takes that into consideration. I think that knocks out 1/2 of their target market, don’t you?
Give me a bud light. I’ve got a headache.
jkd
February 18th, 2009 at 10:52 am
Hey jkd,
Billy here. I know man. It is a mess but get this. We can all say that the high cost of living is killing us but is it really OUR cost of high living that put us in this mess?
I have a neighbor that makes…maybe 80g. He has a Mercedes, Range Rover and a $500,00 home, 2 kids in perocial school. Do the math. What should we do for him?
Manufacturers basically follow demand (let’s forget all the SUV’s- WTF were they thinking!??) So if this is partly true, they (manufacturers) followed us ‘big spenders’ right off the edge of the cliff. USA is the top consuming country in the world by far so… did we get ourselves into a pickle?
Dude, Come back I’ll buy ya a beer.