Thread: Chrysler, GM discuss merger, acquisition

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Chevy has been setting on about 3 times more inventory than they should have for a couple years. Then came easy credit and long terms to move the cars. Now with the economy in the toilet a lot of people will be loosing those late models they are hopelessly upside down in, the market will be flooded with used late models, prices will plummet. Then a ripple effect will wash through the showrooms.
Even bigger than the car companies, consider that our government and our citizens have been spending money that doesn't even exist. Every time the economy dips, they cut loose more credit so people can spend more money they haven't even earned or produced. Most of us have debt and we are part of the problem too, it isn't all finger pointing to government. We as the people have chosen to allow our manufacturing to go overseas, we have chosen to make incredibly poor investments and use credit to do it (as in buying new cars, bigger homes, even worse, recreational items like boats and 4 wheelers) In short the American consumer has been living well beyond their means for several decades. At some point that bubble has to pop. I think the time is here. But I don't see it as a bad thing.