posted on Dec, 30 2009 @ 05:41 AM
The point being that without consumer loans, of which auto loans are, then manufactures have to consider scaling back production. Which ultimately
mean job losses. From the worker on the line to the vendor that drives by in the "roach coach" to the farmer that raised the hog that became the hot
It is a sick, real world version of the joke about all the body parts deciding who gets to be the boss and the anus wins by refusing to work making
the whole body sick.
My original thought for this year was a decent used car at an affordable price and buying outright or a small loan of maybe $3-$5K depending on what I
found. To replace the 1991 Ranger that I currently own. The idea being, that a $200-$250 monthly payment was better than facing a potential $2000
annual bill in small repairs (tires, brakes, alternator, etc.--not that anything is wrong with any of those things just being realistic) keeping a 19
year old vehicle on the road.
But with billions given to the banks to "stimulate" the economy, there should be results beneficial to the general public. Far as I can tell, that
money is only being used to purchase other banks and trickle into the market to create false growth while 1 in 10 remain unemployed and 1 in 5 remain
underemployed or not counted at all.
While $240/mo is possible, I am holding out for a better offer. Considering that my disposable income may have to go towards other things over the
next 6 years. Like another unwanted action by our misrepresentatives in Congress.
[edit on 30-12-2009 by Ahabstar]