When beater 20 year old trucks can’t even be found for <$10k, you know somethings gotta give
Comment on Car dealers say they can’t sell EVs, tell Biden to slow their rollout
cantstopthesignal@sh.itjust.works 11 months agoThere’s a 2008 style crash coming in the credit market for cars. There’s a lot of subprime loans and a lot of car companies that got into financing that shouldn’t have. Wait til they really get squeezed. Who am I kidding tho, they will just ask for a bail out.
Wrench@lemmy.world 11 months ago
SuckMyWang@lemmy.world 11 months ago
And the best part is you who foresaw it and tried to warn everyone, will have to pay personally towards the bailout
uriel238@lemmy.blahaj.zone 11 months ago
Some of us are still miffed about the 2008 bailouts, which ran entirely counter to the market forces rhetoric. Then the police turned off all the cameras and ran OWS off with riot squads.
No resolution was offered. even Dodd-Frank was reversed by Trump.
So you can expect a lot of civil unrest. It’s been due since the great depression, about a century ago.
SuckMyWang@lemmy.world 11 months ago
Wrong. They will let it crash a bit and everyone will panic and see that shit is about to get real. The government will offer to defer the pain by bailing out the very rich and get things moving again. People are fucking idiots so they’ll do nothing because they don’t like being uncomfortable for a short time even if it means they are getting buttraped over the medium to long term