quote:Originally posted by raybond: Gold standard can't work anymore if it could we would be using it and all the economist would be in agreement.
Ron Paul is a very small minority giving very simple answers that people want to hear to a very complex world. We just had eight years of that with Bush but for other reasons than the gold standard and look where it has taken us
i think we would be better off witht he gold standard too, it would be a painful process to go back to it but the current system failed and we are bailing as fast as we can right now.
just because i recognise that we had to bail to keep from sinking doesn't mean i think we should ignore the bad caulking in the hull.
a lack of a gold standard also allows China to maintain its crappy monetary policy which allows them to have the cheap labor, amlmost all our economic woes could be solved by a gold standard. it would also tighten credit which the only reason we always have these cyclic recessions.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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The results are mixed, but encouraging; in the clunker sales, Toyota and Honda each had three models in the Top 10. But notice in overall market share, GM and Ford came in 2nd and 3rd:
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Yes thank God for that cash for clunker idea... Thank God for saving our economy.
The Top 10 Selling Models 1. Toyota Corolla 2. Honda Civic 3. Toyota Camry 4. Ford Focus FWD 5. Hyundai Elantra 6. Nissan Versa 7. Toyota Prius 8. Honda Accord 9. Honda Fit
Toyota 19.4% GM 17.6% Ford 14.4% Honda 13.0% Nissan 8.7% Hyundai 7.2% Chrysler 6.6% Kia 4.3%
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Its going to be very interesting in the next few years to see how ford does. They have a lot of debt on there backs And GM will be pretty clean coming out of bankruptcy only will owe the tax payers and the Feds will work with them. Very suprised GM still had 17.6 percent of the market
-------------------- Wise men learn more from fools than fools from the wise.
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One of the things we need to remember about that list of market shares is that it only applies to a small (really small) market group over a period of only 3-5 weeks.
To qualify for the cash for clunkers, the vehicle bought had to be a high(er) fuel efficiency model. That usually meant that it was a small car, ie prius, etc. Ford is generally a work horse truck kind of mfgr. That's why their F150 and it's brothers are still some of the best sellers out there. As for small car sales, Ford isn't focused on that market as much as others because it wasn't selling as many of them.
And in the U.S. we still like our vehicles (in general) big. That has changed to a certain degree in recent years, but for the most part the small car sales have been the domain of 'foreign' not 'domestic'.
As before, time will tell whether this helped the economy or simply wasted more tax payer dollars to incite people to do what they would have paid full price for anyway.
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