Wednesday, September 9, 2009

A few thoughts on the car bailout issue

Auto makers need to start selling cars in the 3000-4000 pound range that get 40 miles per gallon or more - this is something the public must demand! Don't buffalo me or anyone else to think that the car makers don't have the technology to do this. Any other type of discussion is just a distraction from what the real problem is = new cars get terrible gas mileage in relation to what cars did in the 1980s and 1990s.

The public should be up in arms over this issue - we should NOT need the government's heavy hand to demand such a thing.

A second thought - the "Cash for Clunkers" program has eaten the lunch for numerous used car dealers, and it didn't really help out smaller new car dealers either. At the same time, it did inject some cash into the hands of people who aren't connected to Wall Street - and that is a good thing.

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