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The Water Cooler
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Why did these 5 American car brands die?
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<blockquote data-quote="ForsakenConservative" data-source="post: 3693941" data-attributes="member: 47240"><p>OK, I don’t totally disagree with that, but I think there’s much more to the equation……</p><p>*Nixon made the greenback a totally fiat currency, cementing it’s destruction through debt and devaluation.</p><p>*The new EPA had mandated emission requirements that were not entirely technologically feasible, creating a huge burden to overcome.</p><p>*The federal safety mandates added more burden to the domestic automakers.</p><p>*Domestic energy production had all but stopped, yielding to “cheap” OPEC supplies.</p><p>That’s just a start……didn’t even touch social unrest and protectionist Asian market policies supported by the US government. The resulting recession fostered an era of malaise that would take a decade to recover from.</p><p>So, feds fooling with the value of our currency, jacking with fuel supplies, and pressing huge social programs screwed things up…..</p><p>Look around, seem familiar?….History has a habit of repeating itself. How long will recovery take this time? Will it even be possible?</p><p>Just remember the geriatric relics running our country now were all in government then…..</p></blockquote><p></p>
[QUOTE="ForsakenConservative, post: 3693941, member: 47240"] OK, I don’t totally disagree with that, but I think there’s much more to the equation…… *Nixon made the greenback a totally fiat currency, cementing it’s destruction through debt and devaluation. *The new EPA had mandated emission requirements that were not entirely technologically feasible, creating a huge burden to overcome. *The federal safety mandates added more burden to the domestic automakers. *Domestic energy production had all but stopped, yielding to “cheap” OPEC supplies. That’s just a start……didn’t even touch social unrest and protectionist Asian market policies supported by the US government. The resulting recession fostered an era of malaise that would take a decade to recover from. So, feds fooling with the value of our currency, jacking with fuel supplies, and pressing huge social programs screwed things up….. Look around, seem familiar?….History has a habit of repeating itself. How long will recovery take this time? Will it even be possible? Just remember the geriatric relics running our country now were all in government then….. [/QUOTE]
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Why did these 5 American car brands die?
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