|
View Poll Results: Is the Australian Gov't bailout of Ford, GM and Toyota | |||
Good | 27 | 34.62% | |
Bad | 18 | 23.08% | |
Nah let them fail and we can all drive Subies | 33 | 42.31% | |
Voters: 78. You may not vote on this poll |
|
LinkBack | Thread Tools | Display Modes |
#12
|
||||
|
||||
Quote:
__________________
Stoner & Webber 2011 World Champions |
#13
|
|||
|
|||
Quote:
Quote:
__________________
Honda Hannspree Edition CBR 600 RR - SOLD Yamaha FZ1N - Purchased Last edited by Elrico; 10-11-2008 at 04:32 PM. |
#14
|
||||
|
||||
And if all those 260,000 became unemployed the dole bill would be at least 55 million per week, but then you could probably double that because the govt isn't receiving any tax from the workers, then of course you could probably double that again because they receive no tax from car sales either, there is more flow on than you could imagine, much cheaper to bail them out at the end of the day.
__________________
Beaten up old 98 Gen 2 Liberty, 13.0, stock V3 STI running gear. 07 Transit motor home 69 VF & 70 VG Valiants needing full restoration Yamaha Zooma 50cc rocket hopefully going with the Transit. |
#15
|
|||
|
|||
The new car market has been heading for disaster for a couple of years now but for some reason everyone stuck their heads in the sand and ignored it.
The car market has boomed for years all on the back of rising house prices and easy credit. Suddenly people saw their houses worth more than double and used the equity to get into a new car. Great for people who got in the house market early enough. Then we got the situation where to buy a home you had to spend an average 60% of your income instead of 30%! Somethings got to give, and for most it will be the new car. We now have a generation of people who can barely afford their houses let alone new cars. Rising house prices have ruined the economy, encouraging unsustainable growth levels around the world, people thought they were richer than they actually were and jumped on the easy credit bandwagon. Its all about disposable income. If your pumping it into a house loan your not buying cars, boats, tv's, blah blah blah. end rant. Luckily i got in early |
#16
|
||||
|
||||
Quote:
Quote:
Dont forget that it is not like someone is going to turn a light switch off. I.e. it will be a gradual shut down. It is not like all of those people are going to become unemployed overnight. Unless the manufacturers are going to stockpile cars there is going to be a downturn in production and hence employment anyways. As for the payout each week I am not sure of the numbers but they still have to eat (tax) drop the kids at school (fill their cars up) smoke their cigarettes (tax) etc. It is all a vicious circle and the payout is not as bad as it seems. At the end of the day the economy needs too and despite government interferrance it will eventually correct itself. I dont understand why the government is going to keep propping the industry up when in another 10 years we will be going through all the same problems. Brendon
__________________
Losing is worse than death. You have to live with losing.... |
#17
|
||||
|
||||
Quote:
__________________
Funny looking German Subaru |
#18
|
||||
|
||||
Quote:
If you look at the stock market and also the exchange rates etc you need to go back 5 years to 2003 to find some sort of parity. The stock market was at about 3200 points. Housing market has not caught up yet but hopefully that will follow. I am sorry but maybe it will be a really good reality check for these guys that have gone out and hocked themselves up to the eyeballs and running around with extravagant lifestyles and super flash cars / boats that they have bought on credit and cant afford. A lot of young people have never been through a recession before and believe that if they get pissed off in their current job they can either a) hold their employer to ransom or b) go and get another job somewhere else that will no doubt be paying more. As an employer I think the wheel is finally starting to turn and by christ am I going to get my retribution on smacktard employees that thought they could tell me how to run my business. They will be the first ones to go!
__________________
Losing is worse than death. You have to live with losing.... |
#19
|
||||
|
||||
Quote:
__________________
[COLOR="Gray"]550Nm off a 2L... Just wish it was in the dak dak...[/COLOR] |
#20
|
||||
|
||||
Quote:
|
Tags |
australian, bad, car, industry, rescue |
|
|