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Imports rotting on the docks

 
 
Reply Thu 25 Dec, 2008 09:02 am
http://www.nytimes.com/2008/11/19/business/economy/19ports.html?_r=2

Quote:

LONG BEACH, Calif. " Gleaming new Mercedes cars roll one by one out of a huge container ship here and onto a pier. Ordinarily the cars would be loaded on trucks within hours, destined for dealerships around the country. But these are not ordinary times.

For now, the port itself is the destination. Unwelcome by dealers and buyers, thousands of cars worth tens of millions of dollars are being warehoused on increasingly crowded port property.

And for the first time, Mercedes-Benz, Toyota, and Nissan have each asked to lease space from the port for these orphan vehicles. They are turning dozens of acres of the nation’s second-largest container port into a parking lot, creating a vivid picture of a paralyzed auto business and an economy in peril.

“This is one way to look at the economy,” Art Wong, a spokesman for the port, said of the cars. “And it scares you to death.” ...


This, as I see it, is the logical fallout of a rogue political party managing to elect the most politically extreme person in the US Senate to the whitehouse. The people are trying to prepare for twenty different variants of impending disaster; car purchases obviously aren't high on anybody's agenda.
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parados
 
  1  
Reply Thu 25 Dec, 2008 09:13 am
@gungasnake,
Riiiiggghttt...

People stopped buying cars because Obama was elected.


Your stupidity continues to amaze gunga.
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gungasnake
 
  0  
Reply Thu 25 Dec, 2008 09:17 am
Actually......

There would be TWO most extreme people in a body like the US Senate; the difference is that pubbies have the decency not to even consider nominating their version of most extreme as a candidate for president, i.e. not to run whoever is 2008's version of Joe McCarthy.
parados
 
  0  
Reply Thu 25 Dec, 2008 03:12 pm
@gungasnake,
Did you forget to ask Santa for a brain again this year gunga?
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