Monday, March 30, 2009

Automobile Industry Collapse and Credit

In another example of how debt-based economic expansion has resulted in nothing more than an over-inflated false economy, the automobile industry which relied exclusively on sales through consumer credit for much of its growth and stability now faces bankruptcy if nothing is done soon.

Considering, the competitive constraints of the global marketplace and the resultant downward pressure on wages, is it possible to make a car in which considerable financing is NOT required?

Something that's cheap, gets me from point A to point B and does so in an economical way would do just fine.

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