Pete the Banker: Destroying the Car, Part II

Share with: Everybody. Sharing is caring, ya know.


Wow, cheers go up from the Regulatory set.  Mission accomplished.  The DOE and EPA have managed to promulgate cars designed so that only the elite can afford them.  Isn’t central planning wonderful?!

 Henry Ford worked diligently to make cars cheaper so that all Americans could one day aspire to owning their own vehicle and now our politicians in just a few short decades have succeeded in destroying that vision. From CNBC:

“According to the 2013 Car Affordability Study by Interest.com, only in Washington could the typical household swing the payments, the median income there running $86,680 a year. At the other extreme, Tampa, Fla., was at the bottom of the 25 large cities included in the study, with a median household income of $43,832.

Bottom line? A buyer in the capitol can purchasford pintoe a car with a sticker price of $31,940, slightly more than the new vehicle average for the 2013 model year and about what it would cost for a mid-range Ford Fusion sedan or a stripped-down BMW X1 crossover. The buyer in Tampa? They’ll just barely cover the cost of a basic Kia Rio, with $14,516 to spend.”

So this poses another question; why should we replace the Interstate Bridge anyway since Oregonians and Washingtonians are now effectively priced out of the market for new vehicles?  In another ten years, we will all apparently be walking anyway.

Share with: Everybody. Sharing is caring, ya know.


7 thoughts on “Pete the Banker: Destroying the Car, Part II

  1. Don’t forget, those same idiots think we are running out of oil and that the earth is about to be a burnt cinder due to CO2.

    They also think buses do not emit CO2 or use oil, and that weall are just salivating at the opportunity to live in a TOD.

    As you published earlier: planners are fascists!

    Thanks
    JK

  2. are you saying we will no longer have automobiles? give me a date for the last day they are manufactured. come on, stand behind your claim, make the prediction, and you will be wrong again, just like always. Being wrong all the time and lying is why you are losing elections for Republicans.

    1. Harold,

      If you would bother to read the article you would note that it clearly indicates that car prices are increasingly out of reach for most Americans. I suspect you aren’t particularly interested in reading or for that matter the truth.

      And given your mindless defense of the near Washington DC monopsony for more expensive automobiles, one suspects it probably also offends your mythical sense of superiority.

  3. so, you wont actually say when automobiles are not going to be produced because the government wont allow us to make enough money to own one. Are you blaming the governnment for you inability to make enough money to buy a future car that is too expensive? I thought conservatives took resposibility for them selves. no wonder you are losing elections, you cant seem to tell the truth

  4. obviously you have no experience in the financial industry or studied economics or ever understood the free market, if the market doesnt want cheap cars, the market will get rid of them. because as you know, George Bush said the government does not control the markets, especially when it comes to his friends making billions off $140/bbl light sweet crude, Hint Hint…

Comments are closed.