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To: DWalmsley who wrote (14973)9/24/2000 1:00:25 AM
From: Rocky Reid  Respond to of 60323
 
>>Millions of glorified status symbols that get 15 miles to the gallon<<

Our now-standard "family cars" (SUV's ) get the same gas mileage as a Ferrari.

Cycles between excess and economy are a natural part of consumer spending. Government intervention like yesterday's Oil Release only serve to allow consumers to think that the Government can step in and bail them out again. And again. And again. This delays the natural shift to economy cars again and makes things worse in the long run.

BTW, read some of the Oil-related threads here at SI. They are throwing FITS over there.



To: DWalmsley who wrote (14973)9/24/2000 2:06:24 AM
From: Paul Senior  Read Replies (1) | Respond to of 60323
 
OT: Sometimes it seems to me that the poor have to conserve resources or do without while - or even -so that - the rich can waste. SUV buyers know full well going in what their gas mileage will be. And if gas prices go up a buck a gal. -- that's only a thou spread over a year (15K miles at 15 mi/gal) - if gas prices stay that high and miles driven don't drop.

My point is that imo, it's not so much a bailout of the yuppies (although they surely benefit mightily from their profligation that's affected all of us), it's a bailout of the poor people, esp. those who are on the borderline of being able to afford a car and its upkeep.

That said, I'm in agreement with you guys here.

Paul Senior