Posted by I need a handle on September 22, 2008 at 17:33:28 from (64.223.110.232):
In Reply to: OT American made posted by happydeere on September 22, 2008 at 16:53:51:
New vehicles are just plain too expensive, even the cheap economy cars I feel are seriously too much. Thats why so many people have ended up "upside down" on their car payments and kept getting themselves in worse trouble by trading for another new car and rolling over what they owed on the last one into the new car loan. If you take in the big picture, it makes real sense why the big financial crisis the country is facing now. America was living an unsustainable lifestyle all over the place.
Cars for the most part are not assets, they are liabilities that cost a lot and depreciate to nothing.
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Today's Featured Article - History of the Cockshutt Tractor - by Danny Bowes (Dsl). The son of a very successful Toronto and Brantford, Ontario merchant, and himself quite an entreprenuer, James G. Cockshutt opened a business called the Brantford Plow Works in 1877. In 1882, the business was incorporated to become the Cockshutt Plow Company. Along with quality built equipment, expedious demand and expansion made Cockshutt Plow Works the leader in the tillage tools sector of the farm equipment industry by the 1920's.
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