Are you a big-3 American automobile manufacturer? Are you suddenly faced with a huge inventory of gas-guzzling SUVs that no-one wants to buy anymore? (Which is a curious phenomenon, now that gas is less expensive than it has been for years and shows no bottom – maybe people are finally getting serious about the environmental aspect?) Are you asking your federal government for a $24 billion to save your skins? Here’s the answer to your woes!
I wonder if they’re doing credit checks on the people who take advantage of this offer, or if it’s another sub-prime crisis in the making. “Sorry about losing the house, honey, but look at this great new truck I got!” Three months later: “Sorry about losing the truck, honey, but look at this massive federal deficit our children got!”
It took about 40 years for people to forget the lessons of the Great Depression and start using credit cards and other, progressively more inventive, ways to spend more money than they had. That’s what fueled the roaring ’80s until the crash in ’87. Then people did the same thing, except with tech stocks in the ’90s, until the bubble burst. And now the present sub-prime fiasco. It has always been a case of too many people buying something which is going to decline in value with someone else’s money. Which is exactly what Ford is offering you now.