uscitizen says to forget about a 4,000 brand new Hemi Charger.

Discussion in 'Politics' started by uscitizen, Mar 8, 2012.

  1. uscitizen
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    uscitizen Senior Member

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    Yep folks the days of the 5k muscle cars is over along with the .40 gas.

    The days of 15k for a new 3 BR ranch house in the burbs is over too. Or would you sell your 3 BR house for 15K?
     
  2. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    That's a damn fine machine..though.
     
  3. Steelplate
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    Steelplate Bluesman

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    I don't understand the OP's point.

    Are you implying that goods were cheap and that's why Middle Class people could afford to pay off their homes quickly and buy a new car every other year...take their kids on vacation every Summer...send their kids to college...save for their latter years?

    I disagree... look at the payscale back then. It was high enough that people could afford to do those things, but it certainly wasn't close to today's...in terms of dollars. The difference isn't the $4K Hemi Charger... it's that the payscale today isn't keeping up with the cost of living in this ever more expensive country.

    No, we will never see a $4k Charger... or a $4k car, for that matter again. The thing is that we need to allow more people to afford the cars and homes and durable goods at TODAY'S prices.
     
  4. uscitizen
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    uscitizen Senior Member

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    The OP's point?

    To ridicule those who think we will ever have $2 gas again.

    There is one way it can happen but not a good way. A massive world wide recession/depression.

    Increasing production will not do it because as the price drops so does production.

    Natural gas drilling has fallen way off since the price dropped a bunch off of the high a few years ago. And it is not because of govt regulations it is because of diminishing profits.
     
    Last edited: Mar 8, 2012
  5. Baruch Menachem
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    Baruch Menachem '

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    Back then wages were 70 cents an hour and bread cost 25 cents per loaf.

    All we have done is moved the decimal point over a space and then multiplied by 1.4.

    We can afford less because the government extracts more. Back in the day there was no medicare tax and social security was only 4%

    Life moves on. Move along with it.

    By the same token, gas is a lot cheaper than it was when I was growing up and it ran 37 cents a gallon. To keep up with inflation, it should be like 4.30
     
  6. uscitizen
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    uscitizen Senior Member

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    If everything kept pace regarding inflation I would not care If I had to pay $20 for a can of pop if I was paid $300/hr.

    However in the past couple of decades wage growth has been pretty flat while energy, food and housing costs have more than doubled.

    And since we became a consumer spending based economy in the 80's this long downturn was inevitable.
     
    Last edited: Mar 8, 2012
  7. Steelplate
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    Steelplate Bluesman

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    Ok... gotcha. Good point, thanks for explaining it.
     
  8. Steelplate
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    Steelplate Bluesman

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    That's what I was getting at in my initial response to your post... Excellent summation of what I was trying to say.
     
  9. Defiant1
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    Defiant1 Gold Member

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    Gas was $1.89 when the boy wonder took office.
     
  10. Full-Auto
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    Full-Auto Gold Member

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    Ive posted this illustration before, but I see demand calls for it one more time.


    [​IMG]
     

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