Subprime Auto Bubble Bursts As "Buyers Are Suddenly Missing From Showrooms"

Don't know of any company operating with $15 billion loss every year.... But I do understand why you would make such an irrelevant statement in a discussion about USPS: because when a wingnut kool-aid drinker has no facts, they just make up their own... That's how you guys roll.... .

 

Oh so you admit the obvious but can't hit the finish line.

You don't know of any company with $15 billion loss each year because such a company would fail to exist.

Except, of course, USPS, which is propped up by tax dollars no matter how hard it fails.

 

Why are you blabbering on about the USPS in a thread about the automobile market? Are you so literacy challenged that you can't read and understand the thread topic? If you have something intelligent to add about the automobile market, post it. Otherwise, get out of this thread and go postal in an appropriate thread.

 

Golem brought it up and can't let go of it. Mind your own business.

Steve

 

It would seem that you know little about the history of various industries, or of the degree of influence and sometimes domination that large corporations and people who control large assets wield.

Over history, I can give you plenty of specific examples of every one of the sins you list, and more.

 

His point is, and I agree, the government is far more dangerous than any corporation is today. HISTORY should tell you that by simply looking at the last part of the Second Industrial Revolution when government first discovered that it had power to regulate even when Morgan alone bailed the gov out of debt around that period of time. Corporations have been taking a back seat to the government power for years.

Steve

 

The conversation you jumped into was about the liabilities at the time of the economic crash.

Yes, SUV sales provide the biggest profit margin for automakers.

Lets take a look at who was really responsible for saving the Auto industry.....

 

Then perhaps you and your tear ducts should take it up with the person who broached the subject.

If you don't like it you're welcome to take your little plastic badge and go pound sand.

 

Does your trolling also address the subject of this thread? You just can't resist going off topic and attacking people, can you? Don't worry. I am not the type to report your trolling to the moderators.

 

Does your incessant whining and stalking me address the subject of the thread? Maybe you should just ****.

I also prefer handing the situation myself, but lets be clear. If you'd like to politely suggest we get back on topic that's fine. If you want to come at me sideways and play forumcop I'm going to tell you to piss off.

 

J P Morgan did not bail the US government out of debt. I have no idea where you got that.

JP Morgan did force a reconciliation of trust companies and headed off the Panic of 1907.

His actions made it clear to many that the US finally needed a strong central bank (the Bank of England being the model).

The call for the creation of a strong central bank did not come just from Government, It came from the same capitalists that has almost watch their fortunes disappear, and realized that being dependant on the wisdom of another banker was a precarious place to be.

 

Actually, George W Bush was not responsible, contrary to your false claim.

Of course, you were one of the right wingers saying you would never buy a car from Gumint Motors after Obama bailed out the industry.

Bush would have done it too, but the clock ran out. The GOP leadership in Congress was against it, as were all the talk radio right wingers on this forum.

They wanted to see a total collapse, and the almost certain depression that would have followed.

But Obama did something Bush never thought of.

Instead of handing them open ended bailout, as Bush was planning on doing, Obama made them present plans for how they were going to stabalize their businesses, return to profitability and pay the money back. That also included making the unions give significant concessions, an effort that NO ONE in right wing world will even acknowledge.

 

So they created their own bank with monopoly on currency and am mashed themselves great fortunes while dolts thought they were getting protection

 

It took you a day to disagree looking crap up and your real disagreement is use of the term "bail." It is a fact that if Morgan didn't help out (or whatever makes you agree) the U.S. would NOT have the highest credit rating it has TODAY, because it would have resulted in default without Morgan.

From Wikipedia:
"The Federal Treasury was nearly out of gold in 1895, at the depths of the Panic of 1893. Morgan had put forward a plan for the federal government to buy gold from his and European banks but it was declined in favor of a plan to sell bonds directly to the general public to overcome the crisis. Morgan, sure there was not enough time to implement such a plan, demanded and eventually obtained a meeting with Grover Cleveland where he claimed the government could default that day if they didn't do something. Morgan came up with a plan to use an old civil war statute that allowed Morgan and the Rothschilds to sell gold directly to the U.S. Treasury, 3.5 million ounces,[15] to restore the treasury surplus, in exchange for a 30-year bond issue.[16] The episode saved the Treasury but hurt Cleveland's standing with the agrarian wing of the Democratic Party, and became an issue in the election of 1896 when banks came under a withering attack from William Jennings Bryan. Morgan and Wall Street bankers donated heavily to Republican William McKinley, who was elected in 1896 and re-elected in 1900."

Steve

 

Well, maybe changing the regs on emmissions was a good thing

 

The crisis that led to the establishment of the Federal Reserve, was the Panic of 1907.

The one you refer to is the cash flow crisis created by the collapse of the attempt by the Baring Brothers to corner the gold market, which led to teh Panic of 1893.

Morgan did take steps to stabalize the Treasury. But he was not propping up the federal government. He was propping up the US dollar. And Morgan and his partners bought the bonds, thus guaranteeing US debt, that is true.

Of course, this entire discussion revolved around a right wing assertion the corporations are good power and government is evil power (to oversimplify an already adolescent level discussion).

Anyone working in a coal mine or on a railroad in that era would have no trouble answering that question.

Few working men put their faith in the beneficence of corporations and robber barons.

But the Fox Noise crowd sings their praises today.

 

No, you attacked "Reality's" post and I agree with him in TODAY'S context of time.

The Second Industrial Revolution was a time when the U.S. experienced the greatest economic growth in history. Think railroads, autos, steel, telephone, electricity, etc. etc.

The federal government has had its foot on the throat of business for YEARS and NOW has become what the "robber barons" of old were commonly called by people such as William Jennings Bryan, of Scope's Monkey Trial fame. Some people are bad, some are good in any time frame, but an overpowering gov is DANGEROUS to us all.

Get over it.

Steve

 

Are you out of your mind? Who the f... hell cares?

Tax payers do not fund USPS... Fact! No private company can compete based on price with a company ran by the government ... Fact! (regardless of that being good or bad)

I don't know what that nonsense you wrote has to do with this in your mind, but it most definitely can be explained only by the biggest overdose of wingnut Kool-aid I have ever seen...

 

Missing from showrooms?

https://www.usatoday.com/story/money/cars/2018/04/03/u-s-auto-sales/480980002/
U.S. auto sales jumped in March: GM, Fiat Chrysler, Toyota increase

 

Agreed, I have never taken out a loan for a vehicle. Just the notion of doing so is ridiculous to me.

The auto companies don't really sell cars anymore, they sell loans.

And when de-facto president Obama's administration and the Democrats purposefully destroyed a kajillion used cars during their economically devastating war against the poor and middle classes, it put huge inflationary pressure used car market.

Then the idiot Democrats who voted for them wonder why they can't even afford a used car without taking out a loan and are therefore living paycheck to paycheck.

 

Great.

How do they stay in business when they lose $15 billion a year.

Go ahead and tell us where the money comes from to keep them running.

 

No idea who "they" are. You completely lost it... At this point my guess is that by "they" you would be referring to some extraterrestrial corporation, or something...

I was talking about the USPS, which is obviously not losing $15 billion a year. At least not in the real world. But maybe in your wingnut kool-aid fantasy world... who knows... But even if you have decided to believe Hannity over ... the real world... it makes no difference to any of the points I have made...

 

Since words seem to challenging for you, I'll try pictures.

 

Where are you seeing $15 billion a year?

Terrible to see how kool aid has affected your brain!

 

Learn how to read a chart.

Steve