TIP: Click on subject to list as thread! ANSI
echo: canachat
to: Peter Coggon
from: Rob McCart
date: 2008-12-31 01:10:00
subject: Ottawa Bailing Out 1/2

PC>   What do you mean ...not a backlog of retired workers?

PC>   In Japan they do.

Possibly but they don't pay nearly as well there and many
of the major Japanese cars are made here now so they have to
compete with benefits common for this country.

PC> ....   Mine I invested....and still have... but I watched
  >others ...spend...spend..spend.

Keeps the economy rolling and makes things better for those
of us who don't fall into that trap..
Our family tends to be taught the value of frugality and
the power of compound interest early in life but, even in
our family, there are those who don't stop buying until their
credt cards are maxed out.. and then they HAVE to get 'frugal'
leaving them in the same position only paying this huge
interest bill every month as well..

PC>keep me buying the Japanese imports which didn't need
>a bailout.

RM> Toyota is billions in the red and hasn't asked for a bailout
RM> yet but is probably hoping for it. They are all hurting greatly.

PC>    I have no idea what their country is doing for them, only what
  >I see here, and at the dealers nearby.    They are making deals,
  >and the lots are getting new cars and this years models too...and
  >yes the famed RED tag sale is ongoing...

I've seen the ads here. Do you know what they say ?
"We have money to finance your purchase!"..
Someone somewhere 'bailed them out'..
As I said, sales are down for everyone but the Japanese car
companies aren't hurting quite as bad because they were
ahead in sales before the credit crunch happened . But there's
a problem with people on the one hand saying, "If they can't
sell cars then let them go under!"..  while the dealers are
saying they have people with jobs lined up wanting to buy
their cars who can't get financing. There are problems with
the car companies but they can't be totally blamed for the
current situation. I could maybe see letting them go under
if they can't sell cars, but not because the purchasers can't
get car loans..

---
 * SLMR Rob  * Mathematicians do it an uncountable number of times *
 * PDQWK 2.52 #17


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