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U.S. Auto Industry is in Recession:

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Mike Folkerth
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The cost of producing an auto in the U.S., combined with skyrocketing fuel and repair costs, combined with a shrinking dollar and a vanishing Middle Class, is not conducive to the return of the once heralded Big-3. Similar to the buffalo and Studebaker salesmen, that class, as they say, has already graduated.

Those folks in Europe don't actually like riding a motor scooter in the rain sporting their significant other on the rear; they don't have any other choice except walking. Given that choice, roll out the old scooter; we're going for a spin.

You don't have to be an executive from a foreign car manufacturer to determine that the U.S. auto industry is in depression, you only need a little common sense, eighth grade math, and a dose of reality.

The auto industry is nothing more than a symptom of the issues that face all of America's failing economic underpinnings.

Wake up Middle America, it might be a nice day to go look at scooters before they are all gone.

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Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 
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