I’m concerned anytime I hear of a business closing. But maybe it serves as a wakeup call to domestic manufacturers, especially, that fuel economy and quality are among the consumer’s higher priorities. I know no one who works in the auto industry, and as far as I can tell, my business has not seriously been affected by the industry’s struggles. We can only hope that we emerge stronger from the slowdown.

For the past several decades, our economy has been built on the principle of credit fueled consumption. “Buy now and pay later” is used for Everything – not just cars and houses. To make matters worse, wages for the middle class have been steadily dropping, which makes it harder to pay back the borrowed money. If you figure in credit cards, mortgages, auto loans, school loans, etc – the Vast majority of Americans have a Negative net worth.

Of course, the Government makes the citizens look like amateurs. Every month we borrow Billions just to keep up our insane spending rates. We now owe Trillions – and the total is growing everyday. The Interest payments on our debt is $406 Billion – a year.

Now the system is breaking down. The banks are running out of money to lend, and the people hardly have the money to pay the interest on what they owe. The government is in such a panic they just borrowed another $700,000,000,000.00 to “keep the economy moving”. Did they pay for it? Hardly. They included more tax breaks, that’s the only way our politicians found it palatable.

We haven’t fueled the economy, we’ve hocked the future – and I see the Piper cresting the hill.

I’m not particularly worried. There are too many Chevrolet, Ford, and Chrysler Corp dealerships, and the manufacturers have actually been looking at ways to cut the numbers. Feld’s failure should actually make it easier for the other dealerships to survive.

Maybe these are just the jobs that Americans don’t want to do and give the jobs to illegals and if someone objects label them as a racist and then shout them down!

Maybe we should grin and be proud like we’re told and say “Oh we’re part of the Global Economy now” and maybe it’s best that they close because we can blame those workers and say “dirty lazy union workers they’re to blame for all the economic problems, those poor CEOs did they best they could but now they have to send all those jobs to Communist China because those dirty lazy union workers ruined the economy” and then we give the CEO a golden parachute.

I think we need to stay fractured and divided as citizens. It’s what’s best for us. Every man for himself. Never talk about what you’re being paid, what you paid for your car or your house. Keep those as secrets like you’re told. We’ve got to protect the innocence of “The Man”.

What’s important here is always doing what’s best for me and not worrying about what’s best for society in general is a great path. It worked for Rome and it’s going to work for us too.

It does not suprise me a bit that some dealers are going under. It seems that it is mostly big 3 dealers who flooded the market over the last 5 years with great incentives. (too many newer cars out there) Those same big 3 also did not change to fuel efficient vehicles quick enough, or in Chryslers case not at all. Not putting out reliable vehicles also was a major contributing factor. Look at any reliability data and American cars are at the bottom, and their poor resale value also reflects the same. Overpriced union labor with stellar benefits cost too much and the manufacture had to build cheaply to compete price wise. Honda and Toyota do not even have a problem, go figure.

No, it does not bother me that Automobile Dealers Close. That is their right.

It does not help them when 700 billion dollars in taxes will be fostered on the tax papers to BAIL OUT a SELECT group of con artist lenders and con artist borrowers. That’s 700 billion that could have been used by taxpayers to buy wants and needs like cars, pots and pans, and arrows. Arrow manufacturers are going to in high clover as a result of the bail out.

Our country’s government is the most unstable government in the western world. They can’t accept that businesses who donate to their campaigns can fail like an honest business that didn’t donate.

Feld Chevrolet is in an area close to where I grew up. It is getting to be a depressed area. It was originally Francis Chevrolet that was smart enough to get out of the business long ago. When the car manufacturers started trying to give cars away turning inventory into cash, it was the beginning of the end for them. They managed to sell cars to people that didn’t even need one. All that did was put people into the trick box. They were upside down in their financing on the car. They have been unable to get out of them. They have been forced to drive the car until they pay it off. A fast remedy is not always a long term remedy. Sometimes it backfires on you. This is a case where it did backfire. About the time everyone was ready to buy again, they were too deep in the one they were driving to get out of it. Gas prices were soaring. That was raising the price of all consumer goods. Maybe things will change at the old car dealership. You might not see the sale people with all the gold chains, overgrown watches & big rings hanging on them for much longer. I always wondered what it would be like to buy a new car from a normal person.

We are coming out of a decade of huge car sales. When things were hot, opportunists joined the band wagon and you saw dealerships around every corner. Now that the market has cooled off it is time for them to take a hike. It is a concern no doubt but not surprising. I think this country is in the process of readjustment. People are being forced to prioritize right now. If you aren’t in dire need of purchasing big ticket items then it just isn’t going to happen.

Who cares there are too many dealerships anyway.