The one city where Americans on average can? Washington DC!
Why in the world can’t I go to Toyota.com, pick out a new car, customize it, do the financing if need be, and then have it delivered to me in a couple of days? It would save me time, money, and hassle.
I have to admit, I once bought a new car. I was in my mid-20s. I had no children. I still didn’t know the fun of a mortgage. The car was blisteringly fast and I like cars which go fast. So I bought one fresh and new. I shouldn’t have.
Basically Chrysler should be JEEP. An that’s about it. Maybe the Ram Trucks brand too. That’s all Fiat wants and it’s all the world wants.
Earlier this year the Treasury decided to sell off the remaining position it (and the taxpayers) had in Government Motors at a $10 billion loss.
Much has been made of Tesla’s repayment of its DOE loan. There has been much crowing. Finally a DOE loan which didn’t implode into a black hole. And we are very happy that the loan has been paid back, and ahead of schedule.
Everyone wants a piece of the taxpayer funded pie. The inventor of “The Whisper,” an inflatable car is no different. When billions were handed out from the Obama administration for “green” vehicles in the Whisper project (now updated as an SUV) was not picked up for funding. Now the inventor is miffed.
The average annual household income for those who live in the Washington DC area is $86,680. And this is factoring some of the “less wealthy” counties of the region too. Loudoun County, just to my north averages over $120,000/household/year. It’s the wealthiest county in the United States largely because it is filled to the brim with government employees and military contractors. In years past one would have expected the wealthiest areas of the country to be populated by captains of industry, but no longer. Government is the route to riches for more and more people these days
Chrysler wrote a letter during the fall presidential election denying plans to make jeeps in China. The Romney ad that claimed as much was then branded a lie.