woiyo wrote :
Quote:I want to hear Washington Politicians press the auto makes to IMMEDIATELY make fuel efficient cars or tax the crap out of them.
certainly here in canada there seem to be plenty of small cars on dealers' lots - haven't noticed any shortage of small cars ; haven't noticed a shortage of ANY cars for that matter .
just like there are now too many houses on the market , there seem to be too many cars on the dealers' lots .
i have noticed that car dealers and manufacturers are advertising like crazy trying to get us to buy cars . perhaps there is an oversupply and the normal market forces - demand and supply - will take care of that .
as for forcing the automakers to make more fuel-efficient cars , why not make it more attractive for both the manufacturer and the purchaser to switch to more fuel effecient cars : INCREASE GASOLINE TAXES and reduce general (income) tax .
we are driving a 1999 olds-intrigue . it's not the thriftieth car when it comes to gas consumption , but since we are now driving less than 10,000 miles a year and the car performs like new , there is no financial incentive to buy a new - more fuel efficient - car . i'd have to spend at least $20,000 to save perhaps $1,000 a year .
if i were a republican - or conservative in canada - i'd argue that "demand and supply" should be allowed to correct the market .
(i'm neither a rep nor a conservative , but still believe that demand and supply will probably even things out , but it will take a while - just like in the housing market .)
if automakers are forced to make cars that don't sell , they will make even less profit , auto workers would suffer , pension funds invested in the auto sector would suffer and reduce people's pension - hardly a satisfactory solution imo .
hbg
ps. re. "housing market" : there was a real estate investor on CNBC this morning . he said that he is now buying houses in florida at 40-60% of builders' costs . he is willing to hang in for a few years and believes he'll eventually make a good profit . he said that he already has many inquiries from foreign investors wiling to put some money on the line - that should be good for the U.S. housing industry .