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Forum: Internet Links Topic: Dems taking credit for auto industry? started by: Leisher Posted by Leisher on Aug. 24 2010,12:51
< Article. >Really? They want credit for that? They blame the Republicans and Bush for the Wall Street bailouts, but the auto industry was all them, huh? If they had that kind of power when Bush was in office, then they need to stop blaming Bush for everything. Sort of like how they have an overwhelming majority now, yet when they can't get anything done they blame "The Party of No". I know the world is filled with morons, but it still amazes me that people buy into this kind of political posturing. Also... 1. They didn't have shit to do with Ford's turnaround. 2. They still own 60% of GM despite their assurances they would sell as soon as the company was on the right track. P.S. I found it interesting that the date the bailout was actually approved and passed was buried in the article. Posted by GORDON on Aug. 24 2010,13:32
What was the per-car cost for "Cash for Clunkers?"Include the fact that so many used cars were taken off the market that used car prices have gone up. Or don't include it. Whatever. Posted by unkbill on Aug. 24 2010,17:11
Lookes like just facts to me. And yes when clunkers where taken off the road it drove prices up. Supply and Demand.
Posted by GORDON on Aug. 24 2010,18:29
(unkbill @ Aug. 24 2010,20:11) QUOTE Lookes like just facts to me. And yes when clunkers where taken off the road it drove prices up. Supply and Demand. Sounds like the program was good for the auto industry, and generally bad for everyone else. In the middle of a recession. Posted by TPRJones on Aug. 24 2010,18:39
Generally speaking, any program that actively destroys value during an economic downturn isn't a great idea.
Posted by thibodeaux on Aug. 25 2010,06:15
(TPRJones @ Aug. 24 2010,21:39) QUOTE Any program that actively destroys value isn't a great idea. I fixed it for you. |