Car repossessions are expected to hit 3 million this year, their highest rate since the 2009 recession

[petro]

Tariffs are imposed by other nations on US products without crippling their economy

You really know nothing about whether its a drag on our economy

They act like we have never imposed tariffs before. The 1964 Chicken Tax was a 25% tariff imposed by Lyndon Johnson put on light duty trucks because of a poultry war with Europe.
Under NAFTA production in Mexico and Canada was exempt.
The tariff led eventually to companies like Toyota, Nissan and Honda to build American plants using American workers

Snip...

The U.S. Customs Service changed vehicle classifications in 1989, automatically relegating two-door SUVs to light-trucks Toyota, Nissan, Suzuki (through a joint venture with GM), and Honda eventually built assembly plants in the U.S. and Canada in response to the tariff.


They also omit that American companies were already outsourcing manufacturing to other nations through joint ventures and found loopholes around the tariff before the 1989 reclassification.

Seems building plants here and hiring American workers is a benefit to the economy rather than the bailouts of failing companies with an inferior product.

 

[Fort Fun Indiana]

They act like we have never imposed tariffs before.

No, educated, normal adults act like Trump's tariffs are different. Because they are.

 

[petro]

No, educated, normal adults act like Trump's tariffs are different. Because they are.

Go troll and hump legs elsewhere loser.

 

[Crepitus]

That number is expected to almost double this year, which is not a sign of a booming economy. Furthermore, the average price of a new vehicle is now $50.000, which is out of reach for many people. Yes, people can buy used cars, but with used cars comes increased maintenance and repair costs. One thing I have always wondered about is why the consumer can't buy directly from the manufacturer? Why do we need to go through a dealership, a middleman, instead of buying directly from Ford? That would cut down immensely on the price of a new car and make them more affordable, yet I never hear any of the politicians talking about this.

An increasing number of Americans are falling behind on their car payments, mimicking a trend commonly seen at the start of major economic downturns.

Last year, 1.73 million vehicles were repossessed, which is the highest number since the year following the 2008 financial crisis, according to a report by the CFA seen by the Wall Street Journal.

"Delinquencies, defaults, and repossessions have shot up in recent years and look alarmingly similar to trends that were apparent before the Great Recession," said the report.

Delinquency, which refers to being late on loan repayments, can devastate investor confidence and lead to an economic crash.

MSN

real estate, transportation, eating, all rapidly getting out of reach for the common man.

 

[Mac-7]

And this is where a normal, educated adult would then look into the differences, before opening his mouth.

But not you. No sir.

So far you have not offered any specific example

 

[Fort Fun Indiana]

Go troll and hump legs elsewhere loser.

Youre the one making yourself look like an uneducated halfwit for the fat rapist.

Why? He hates you.

 

[Fort Fun Indiana]

So far you have not offered any specific example

Because I am not your mommy.

Notice your pathetic arguments rely on false equivalence, like all tariffs being equal.

 

[petro]

Youre the one making yourself look like an uneducated halfwit for the fat rapist.

Why? He hates you.

I haven't even mentioned Trump ya pathetic dumbass.
I don't give a rats ass what he thinks about me. Same goes for your sniveling whining ass.

 

[Mac-7]

No, educated, normal adults act like Trump's tariffs are different. Because they are.

I think libs just prefer imported products even if it means fewer jobs for Americans

 

[XponentialChaos]

We have a staggering amount of people who live paycheck-to-paycheck because they make poor financial decisions. They live beyond their means and don’t save any money for a rainy day.

When an unexpected expense comes along, it destroys them.

Well…those people still vote. If the current administration is, at least in their view, making life harder on their financial situation, then they’re likely to vote them out of office.

 

[Mac-7]

We have a staggering amount of people who live paycheck-to-paycheck because they make poor financial decisions. They live beyond their means and don’t save any money for a rainy day.

When an unexpected expense comes along, it destroys them.

Well…those people still vote. If the current administration is, at least in their view, making life harder on their financial situation, then they’re likely to vote them out of office.

Thats true

People who make the worst decisions tend to vote democrat

Thats a fact and it works against republicans

 

[XponentialChaos]

People who make the worst decisions tend to vote democrat

According to…what?

Your echo chamber?

 

[leftwinger]

real estate, transportation, eating, all rapidly getting out of reach for the common man.

THX Obiden. Its been out of reach out West under all D since about 2016?

 

[Mac-7]

According to…what?

Your echo chamber?

By your own words

See post #111

 

[22lcidw]

Can’t wait to hear how Biden is responsible

There are a lot of safety equipment on automobiles. It is around several thousand dollars. There are state taxes and fees and sales tax also. I do not know if there are federal taxes on cars. Vehicles perhaps if we did not go in that direct some decades ago could be getting a lot more miles per gallon.

 

[XponentialChaos]

By your own words

See post #111

I didn’t say anything about Democrats making the worst decisions. That was all you. What are you basing that statement on?

 

[Mac-7]

I didn’t say anything about Democrats making the worst decisions. That was all you. What are you basing that statement on?

True

But you described them perfectly

Democrats are the welfare party

 

[XponentialChaos]

True

But you described them perfectly

Democrats are the welfare party

So you can’t explain where you came up with your claim.

It’s so easy for you people to just make ridiculous comments that you can’t back up.

 

[petro]

There are a lot of safety equipment on automobiles. It is around several thousand dollars. There are state taxes and fees and sales tax also. I do not know if there are federal taxes on cars. Vehicles perhaps if we did not go in that direct some decades ago could be getting a lot more miles per gallon.

If a car was sold every single year, the taxes and fees paid each time purchased would cumulativly exceed the original price.

A lot of folks don't realize the true cost of all that technology either.
No such thing as a cheap bumper replacement anymore. After all the sensors and reprogramming that $800 bumper is now a $4,000-5,000 replacement cost.
That also raises insurance rates and time spent in shop.

 

[Mac-7]

So you can’t explain where you came up with your claim.

It’s so easy for you people to just make ridiculous comments that you can’t back up.

I did but you dont want to hear

People who make the worst decisions need government subsidies the most

And that is democrat’s specialty