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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (437001)	11/27/2008 11:33:22 AM
From: i-node	2 Recommendations Read Replies (2) \| Respond to of 1573924

On the same thread, a lot of people say that because gas is cheap now, people will stop thinking about mileage when they buy a car. I think a lot of people will realize there is long term risk to buying a gas guzzler. If you plan to keep it for 3-5 years, you don't know what gas will cost in 1 year, much less 3 years. You've been saying this for a while. But the reality is that most people, I think, understand that we're seeing only a temporary respite in the price of gas. We could well see $5, even $8 gas, in the next 2-3 years. The problem with GM is not gas guzzling. This is a popular liberal myth. A small part of the problem? Sure. But as I've pointed out MULTIPLE TIMES on this thread, ALL car sales are off dramatically, not just gas guzzlers. Pimps, rappers, and doctors are still going to buy Escalades, and it doesn't matter how much gas they burn. GM is in trouble because while the other OEMs were accumulating money, American OEMs were paying their employees NOT to work. There simply isn't any doubt about this, we know what the numbers are. GM would have turned a PROFIT last quarter were it not for the higher personnel expense resulting from the union stranglehold. If you would shut down your liberal ideology for 10 minutes and spend the time actually reading their financials and analysts commentary, you would know this.

To: Road Walker who wrote (437001)	11/27/2008 12:43:04 PM
From: SilentZ	Read Replies (2) \| Respond to of 1573924

>On the same thread, a lot of people say that because gas is cheap now, people will stop thinking about mileage when they buy a car. I think a lot of people will realize there is long term risk to buying a gas guzzler. If you plan to keep it for 3-5 years, you don't know what gas will cost in 1 year, much less 3 years. Exactly. Not to mention that, contrary to my expectations, Americans actually did change their driving habits considerably while prices were high. I'm wondering how quickly, if at all, they'll change back. -Z

To: Road Walker who wrote (437001)	11/27/2008 2:11:44 PM
From: tejek	Read Replies (1) \| Respond to of 1573924

On the same thread, a lot of people say that because gas is cheap now, people will stop thinking about mileage when they buy a car. I think a lot of people will realize there is long term risk to buying a gas guzzler. If you plan to keep it for 3-5 years, you don't know what gas will cost in 1 year, much less 3 years. Gas has been cheaper for several weeks now and usage is still down roughly 3% YOY for the past 4 weeks according to yesterday's oil inventory report. In fact, crude oil inventories keep growing.......this would be a good time to finish filling the secret oil reserve or whatever we call it. And it was only three weeks ago that Puget Sound voters approved a massive [read expensive] proposition to build mass transit over the next 20 years. I think people have finally got it........that we blew a golden opportunity over the last 30 years with Reagan's dismantling of Carter's efforts to become less dependent upon oil and now we can not screw around any longer.