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America's Fiscal Stupidity Mirrors Detroit

tgwWhale Wrote: Mar 02, 2013 10:42 AM
JR points out that the average American can no longer afford a new car, but he gives only part of the reason. Yes, part high cost of cars is that the workers are paid above-market wages. But a bigger part is that endless government regulations and mandates are running up the (real, not just inflated) cost. Two airbags were expensive enough; now even compact cars have six or more. All those anti-pollution rules, CAFE standards, and safety features add to the cost, big-time. I am in the market for a new car (250K+ miles on my 2003 Saturn Ion). I was looking at a Subaru because of the 4WD (NE WI winters!). Subaru is a rather inexpensive brand. They want close to $23K for a compact car. No wonder they don't sell many.
The Blue Collar Wrote: Mar 02, 2013 6:47 PM
You better not wait too long to get a new car. Don't forget, Poison obumbler mandated 50 + miles per gallon on new cars, by 2025. Each year you wait probably will cost you
$1000-$1500 extra, minimum, as they engineer to increase the gas mileage.
Also, you may only get a Subaru the size of what they sold back in the 1970's, as small cars get higher MPG.
Reginald10 Wrote: Mar 02, 2013 3:49 PM
Yes, and it has to be built like a tank to withstand crashes, yet get 54 MPG.

I have a small Ford Ranger pickup. It does well for me. Recommended, as with other FoMoCo products.
Drifter33 Wrote: Mar 02, 2013 11:23 AM
You've hit it on the head, Whale-- Beyond the kowtowing of auto executives to the damnable unions, we have a government run amok. There is no aspect of our lives they do not seek to regulate. These regulations are strangling us in ways most don't even imagine--the cost of virtually everything is being driven up, up, up by governmental over-regulation.
RodT Wrote: Mar 02, 2013 10:56 AM
All those mandates from Washington are like the free lunch, very expensive.

It’s fitting that on the day Washington, DC is cutting the budget by an agreement that they really didn’t mean, that the city of Detroit will finally get what’s it has needed for a long time: declaration of fiscal disaster.

Michigan’s Rick Snyder has appointed an emergency city manager to do for Detroit what Obama, Biden, the UAW, GM, Chrysler, the city’s council and mayor have not been able to even with a $80 billion bailout of the automotive industry.

“Snyder’s decision comes after a state review team report concluded last week that Detroit is in a financial...