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Showing posts with label automakers. Show all posts
Showing posts with label automakers. Show all posts

Thursday, January 22, 2009

What's Good For the Goose

Alright, so the banks get a get out of jail free card. And the automakers. And the airlines. And Amtrack. And the retailers (in the works). And whoever else in Corporate America who can find a friend in Washington. So how about the middle class? Radical. You cannot give money to the people...they might riot, tear the clothes off, not spend it...right. Sure, fine, ok, so you don't want to give money to the people. So lets not give money to the people...let's give them amnesty instead. Here's the deal. All the people slipping into foreclosure (up 81percent last month over a million a month) and declaring bankruptcy and not able to pay their bills, medical bills, credit card bills...they will all be knocked out of our economy. Why? Because their credit will be in tatters. FICO scores rule the day and if you declare bankruptcy or are late on a couple of credit card payments, can't pay your mortgage, your phone, electric, gas, then...(unlike the banks and the automakers and everyone else in greed land) you get a ding on on your credit. So, what happens? You get no credit. That's right. Out of the game. Millions and millions of people will not be able to buy a hut in the swamplands of Florida much less a house. They won't be able to buy a washing machine, fridge, car (durable goods you've heard of them) and so guess what, the very people you want to get back in there and start buying won't be able too. We could take the attitude of that is their fault. Fine. Then tell the banks and automakers and retailers and anyone else getting bailout dollars it's their fault too. What's good for the goose... is good for the gander.
http://www.billhazelgrove.com

Thursday, December 4, 2008

CAR SALESMAN

It is a derogatory term. CAR SALESMAN. If you really wanted to sum up someone who was a conman or flimflam artist then you called him a car salesman. You remember those guys, they would promise you one thing and then suddenly you were in the struggle of your life not to get ripped off. These same guys are now in Washington--they drove--how middle class--and they are asking for billions to save their hides. Now where were they when those big cars of ours dropped by twenty five percent the moment we drove them off the lot? Or how about the second our warranty expired and the transmission went out? Or that strange noise our new car made and you brought it back to the dealer to find out it was kanooten valve or the brakes or the axle...oh and by the way, you know that bumper to bumper warranty you are paying fifteen hundred bucks for--ITS NOT COVERED UNDER THAT. Then we walk out a cool thousand bucks poorer, going to some garage guy to fix our problem because we can't afford to go back to the dealer. NOW WHY IS THAT? Or how come those foreign cars seem to be so much tighter in the steering and not break down and even cost less? Now why is that? Or the way we would watch our gas tanks get sucked dry by engines that are about as efficient as a steam locomotive while the rest of the world is working on hybrids and fuel efficient engines. Now our cars are worthless. If you own anything over a mid size car then good luck. Your blue book tells it all. And these same guys who gave us forty five thousand dollar price tags...who made so much money on the SUV's they made them like hotcakes--these same guys--these car salesman--now want to get billions of dollars because they priced themselves out the market and didn't bother to give America a decent car? You know what, let them walk back to Detroit. They probably wouldn't make it in their cars anyway.

Books by William Hazelgrove