Good article on the auto indusrty bailout from CNN - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Tantalizer43 · 12-03-2008, 11:16 AM

http://www.cnn.com/2008/POLITICS/12/...uto/index.html

Black5thgen · 12-03-2008, 11:22 AM

Good read

MRK III Z28 · 12-03-2008, 11:23 AM

Good Find

Cleric · 12-03-2008, 11:51 AM

I agree with a lot of things he says.

Personally I am still out on if the american tax payer should cover bailouts for any company. However i think if the USFG is going to, they need to not limit the money.

Its funny when all the dems in congress were lauding bush for his low approval rating even though the approval rating of congress was even lower.

TomServo · 12-03-2008, 12:01 PM

The real crux of the matter is summed up in these few paragraphs:

Instead of simply limiting foreign imports or adding federal taxes to fuel costs to give consumers an incentive to buy more fuel-efficient vehicles, the government instituted byzantine regulations that required American manufacturers to build (or at least market) fuel-efficient cars just so they could continue selling the cars and trucks they were already known for.

Since the United States had always been a country of "cheap gas," (a tradition that continues, by the way) American car companies were not geared up to build small, fuel-efficient cars, but foreign manufacturers were. The result was that Americans were almost forcibly exposed to import vehicles, and many American consumers liked what they found.

The CAFÉ regulations accompanied by inexpensive gasoline were analogous to plopping consumers into the middle of a giant candy store and then forcing the candy manufacturers to somehow persuade a percentage of consumers to buy broccoli instead.

When all was said and done, the CAFÉ rules ended up giving a strong leg up to the Big Three's import competitors, putting their market share on an upward curve that hasn't ceased climbing.

Remember the Vega, Pinto and Gremlin X??? I do and they epitomized just how bad a car could be made.

MerlinZero · 12-03-2008, 12:48 PM

My god, have you read some of the comments made by people......

How can so many people believe the absolute bullshit that is being spewed forth....

I'm so sick of this entire thing....

12-03-2008, 11:16 AM	#1
Tantalizer43 Drives: 2010 Camaro SS/RS Join Date: Aug 2008 Location: Cincinnati OH Posts: 1,359	Good article on the auto indusrty bailout from CNN http://www.cnn.com/2008/POLITICS/12/...uto/index.html __________________

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12-03-2008, 11:22 AM	#2
Black5thgen Account Suspended Drives: 2007 C6 Join Date: Apr 2007 Location: chicago Posts: 2,251 View My Garage	Good read

12-03-2008, 11:23 AM	#3
MRK III Z28 SoCal C5 Family Member Drives: 1968 Mustang Join Date: Sep 2008 Location: Santa Ana, California Posts: 199	Good Find

12-03-2008, 11:51 AM	#4
Cleric Drives: not a 5th gen Join Date: Jul 2006 Location: somewhere Posts: 127	I agree with a lot of things he says. Personally I am still out on if the american tax payer should cover bailouts for any company. However i think if the USFG is going to, they need to not limit the money. Its funny when all the dems in congress were lauding bush for his low approval rating even though the approval rating of congress was even lower.

12-03-2008, 12:01 PM	#5
TomServo Drives: 2007 Z06 Join Date: Oct 2008 Location: Swansea IL Posts: 727	The real crux of the matter is summed up in these few paragraphs: Instead of simply limiting foreign imports or adding federal taxes to fuel costs to give consumers an incentive to buy more fuel-efficient vehicles, the government instituted byzantine regulations that required American manufacturers to build (or at least market) fuel-efficient cars just so they could continue selling the cars and trucks they were already known for. Since the United States had always been a country of "cheap gas," (a tradition that continues, by the way) American car companies were not geared up to build small, fuel-efficient cars, but foreign manufacturers were. The result was that Americans were almost forcibly exposed to import vehicles, and many American consumers liked what they found. The CAFÉ regulations accompanied by inexpensive gasoline were analogous to plopping consumers into the middle of a giant candy store and then forcing the candy manufacturers to somehow persuade a percentage of consumers to buy broccoli instead. When all was said and done, the CAFÉ rules ended up giving a strong leg up to the Big Three's import competitors, putting their market share on an upward curve that hasn't ceased climbing. Remember the Vega, Pinto and Gremlin X??? I do and they epitomized just how bad a car could be made.

12-03-2008, 12:48 PM	#6
MerlinZero Big Orange Drives: 2010 Chevrolet Camaro 2SS/RS Join Date: May 2008 Location: Kent, WA Posts: 1,170 View My Garage	My god, have you read some of the comments made by people...... How can so many people believe the absolute bullshit that is being spewed forth.... I'm so sick of this entire thing....