The majority of Americans play by the rules and believe in playing by the rules. I personally stated that I would never buy another American made car again after GM broke their word on a warranty and an extended warranty for a POS truck they produced, and which I spent more money repairing than the actual vehicle cost because my conscience would not allow me to trade it or sell it to some sucker. I know there are many more stories just like mine, and just like me, those Americans are not rewarding failure – we could not afford it 5 years ago, and we definitely cannot afford it now.
Do capitalists on steroids exist? Why yes, Wall Street just gave us a rousing rendition of ‘greed’. Does it make it okay for the rest of us to act like them or their 180 degree counterparts, the leeches on the government dole? Nope!
The majority of Americans are your garden variety, free enterprise loving, do the right thing, capitalist. So when Bush and Bush II Obama decided to negate free enterprise rules and bail out the banks and car companies, we were melting the phone lines in DC telling them, (in this order), NO!, DON’T YOU DARE!, and STOP!. They heard us, wrote their little patronizing letters to us, and then continued on their merry little way rewarding failure. We knew that we would never see that money again, so it is little wonder that we are once again not rewarding failure, (like we didn’t for the last two decades which would explain why the Big 3 were going under), when it comes to GM and Chrysler. Ford did the right thing when they refused bailout money, and they are being rewarded for pulling themselves up by their bootstraps. Now Ford has a chance to listen, really hear, and become an industry leader instead of chasing the foreign imports. GM and Chrysler? Not so much…
DETROIT (Reuters) – U.S. auto sales tumbled by more than 20 percent in September as showrooms emptied after a government-funded summer sales boom and Ford Motor Co gained ground on its major rivals, sales figures released on Thursday showed.
Sales for General Motors Co and Chrysler — the two U.S. automakers struggling to regain momentum after emerging from bankruptcy — tumbled by the deepest margin in September.
GM sales dropped 45 percent while sales at Chrysler were off 42 percent.
Ford, meanwhile, managed to hold its sales decline to 5 percent despite low inventories and sharply reduced spending on incentives. It estimated that it gained 3 percentage points of market share to 15 percent of the U.S. market in September.
Hyundai Motor Co, which has taken market share through the U.S. recession on a growing reputation for low-cost and high-quality vehicles, saw its sales jump 27 percent in September.
Why would Americans continue to pay good money for sh*tty cars, even if we do own the car companies now? We wouldn’t; we already kissed that money goodbye, and we will finish the process the government interferred with because brand loyalty is, now more than ever, a luxury.