Time to let them fail

Discussion in 'Politics, Religion, Social Issues' started by jkcerda, Apr 27, 2017.

  1. jkcerda macrumors 6502

    jkcerda

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  2. Populism, Apr 27, 2017
    Last edited: Apr 27, 2017

    Populism macrumors regular

    Populism

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    #2
    I could not agree more. When things faill, let them fail. I don't care if it's Wall Street, Fannie Mae, or your kid in eighth grade. Unfortunately, we are in the new dawn of everybody winning, and everybody deserving everything they asked for. Even banks.

    Because maybe, just maybe, people, or businesses, or institutions fail, they get back up and do it right the next time.
     
  3. darksithpro macrumors regular

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    So a lot of these automakers are selling as much as 15-20% of their vehicles to bulk fleet sales at discount. The fleets keep them for about 22 months, then they dump the cars to auction, the used cars flood the used car market and drive down used cars sales and their value. Considering Enterprise has over a million cars and the others over half a million, that's a lot of cars. Also including private and government fleet vehicles. Am I getting this correct?
     
  4. DrewDaHilp1 macrumors 6502a

    DrewDaHilp1

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    Let's see now we're in the midst of at least three bubbles. Housing, they learned nothing. Auto loans, really 60k bro dozers? And the student loan bubble.
     
  5. blackfox macrumors 65816

    blackfox

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    so why should I care again?
     
  6. Chew Toy McCoy macrumors regular

    Chew Toy McCoy

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    Uh oh. Somebody better tell Tesla with their briefly passing the value of the big 3 off a car that most people can't afford and don't own. We constantly berate politicians for their unrealistic promises but Wall St. gets a pass on cyclically bankrupting millions of people with their speculative BS. "But I own stock so I have to believe." Shut up.
     
  7. satcomer macrumors 603

    satcomer

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    Maybe people are waking up because modern cars are slow pieces of junk! ;)




    Plus over my life time I'v seen new cars have lower and lower horsepower and torque overal! In the past I could easily change my oil, spark plus and many things in my driveway, not today though!
     
  8. Eraserhead macrumors G4

    Eraserhead

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    I think the issue is more that modern cars don't really offer much over say a 10-15 year old one.

    Only cool feature really is autonomous emergency braking.
     
  9. oneMadRssn macrumors 68040

    oneMadRssn

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  10. Huntn macrumors G5

    Huntn

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    If major car rental companies decide to keep their cars longer, instead of always buying new cars, their costs might drop in a a certain time frame.
     
  11. NT1440 macrumors G4

    NT1440

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    Because banks are doing the exact same "investment vehicle" processes they were doing on mortgages that precipitated the great recession, but this time on (sub prime) car loans. Different target, same financial shenanigans that will result in the same "who's holding the bag" ********* we're still recovering from.
     
  12. oneMadRssn macrumors 68040

    oneMadRssn

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    #12
    Nobody seems to have mentioned that cash for clunkers significantly raised the average cost of a used car. To me, it seems those effects are finally wearing off and we are returning to normal.
     
  13. vrDrew macrumors 65816

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    I think you may be remembering things a little differently than I do.

    Remember the IROC-Z Camaro? Like this spiffy 1982 model. The one with a 5 liter V-8. Sure must have been a fast, powerful piece of fine American engineering?

    [​IMG]

    Not so fast. (Literally.) That hulking V8 put out an anemic 145 hp, with a slightly better 240 lb/ft of torque. It waddled to 60 mph in a leisurely nine seconds. (In case you are wondering, Burt Reynolds "Smokey & The Bandit" 1977 Trans Am wasn't much better.)

    Compare that with a 2017 Ford Focus RS: Which puts out 350 hp and 350 lb/ft of torque. From an engine that is half the size, and less than half the weight of the Camaro's. And gets better gas mileage and a tiny fraction of the emissions.

    Oh, and the Focus gets to 60 mph in 4.8 seconds. And it has a back seat you can actually use.
     
  14. ibookg409 Suspended

    ibookg409

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    #14
    Whats a bro dozer?
     
  15. mrkramer macrumors 603

    mrkramer

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    I'm pretty sure their prices have also risen faster than inflation which can't be too good for sales.
     
  16. samcraig macrumors P6

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    Genuinely curious if that translates to coal miners too and learning a new profession vs expecting the Government to solve their employment problems.
     
  17. Populism macrumors regular

    Populism

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    Absolutely. When someone falls, they can either get back up and stand differently, or they can ask the government to get rid of that pesky gravity. I guess that makes me cold and heartless, but gravity always wins. No matter how far off the government attempts to push it into the future.

    Just wait until the attempted gravity-reversing effects of quantitative easing are fully realized one day.
     
  18. samcraig macrumors P6

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    I don't disagree (to a point). I just find it amusing(?) that some on the right and those that voted for Trump because they are coal miners believe it's the governments job to help them but when it comes to helping others, the government should stay out. And no - I don't have a specific source or fact to back that up other than general opinion based on various tweets, chants, news stories during and after the election.
     
  19. DrewDaHilp1 macrumors 6502a

    DrewDaHilp1

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    [​IMG]
    That lift isn't too bad. See also tow mirrors fully extended while not towing any load, rollin' coal, and truck nuts.
     
  20. ibookg409 Suspended

    ibookg409

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    #20
    LOL. Copy that. Is a gun rack mandatory?
     
  21. DrewDaHilp1 macrumors 6502a

    DrewDaHilp1

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    They had to sell the guns to make the payments.:eek:
     
  22. ibookg409 Suspended

    ibookg409

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    But they keep the rack.
     
  23. rjohnstone macrumors 68040

    rjohnstone

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    #23
    The IROC-Z came out in 1985. ;)
    It came with a 215 hp engine... still a joke.
    The bigger joke is in 1987 the IROC got a 350 (5.7L) which gave a whopping 10 extra hp. Ridiculous.
    My wife's minivan has more horsepower (248hp) and torque, and a faster 0-60 time.
     
  24. vrDrew macrumors 65816

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    Good catch on that..:cool:

    I guess my point is that things weren't as great in the good old days as people seem to think they were. And when it comes to cars, the 1980s were dark, dark days indeed for US car makers. Ronald Reagan might have been in the White House, but GM et al were making real dogs of cars.

    In fairness, part of the problem was they hadn't learned yet how to make decent power from an engine with emissions controls and unleaded gas. There had been plenty of muscle cars in the 1960s that put out over 300 hp. But they were also uncomfortable death-traps with brakes prone to fading and bodies that rusted at the hint of rain. And I always view 1960s horsepower figures a little skeptically - they were usually measured at the crank, rather than at the rear wheel as we do now.

    In some respects the 1980s were the years when the US automakers set the stage for their ultimate collapse, which came twenty years later: That's when they goosed sales with zero-interest car loans. It's when they failed to push the Government to do proper healthcare reform. And GM was run by accountants who squeezed pennies out the BOM - meaning cars were leaky and unreliable.
     
  25. VulchR macrumors 68020

    VulchR

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    #25
    Let them fail. Self-driving cars are on the way so ownership of a car, or rental of a car won't make sense in the long run.

    EDIT: Sorry I was a bit punchy for the first version of this post - it's been a long week.
     

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