Toyota to reduce production at Buffalo plant

http://www.wvgazette.com/News/200812110261

Looks like the big three are not the only car people who are not selling cars.

EDIT...I would have posted some text but it's a UP story.

Sales are down across the board. There was an article in LBN yesterday detailing how ports are now chock full of imported automobiles that can't be sold on.

It's the union's fault except for the part that is Bill Clinton's fault!

If that were the case, Ford would be in the same boat as GM and Chrysler.

It's the Union Auto Workers Fault for the non-union made cars not selling. Somehow it's Bill Clinton's fault as well (we don't have the details on that yet, but while sure that it is his fault, we will have to get back to you after we make up a reason why it is). That is the charming Republican way of logic, blame the unions.


Nobody's cars are selling right now. The problem is both the credit market and the fear of losing a job that makes the situation on the purchase of a long term durable good not something that most households are going to even be looking at. They will put one more fix in on the old car, look for a newer used replacement perhaps or most likely just hunker down waiting for the economic storm to pass.

The republicans blame the economy tanking on the working people and the democrats, when the republicans and Bush are the ones that pushed frivolous deregulation, an elective war in Iraq and five tax cuts for rich people, while the country had troops fighting in two foreign countries at the same time.

Not a word about the oil companies part in disrupting the economy and bankrupting working people with their $4.25 a gallon gasoline, which led to the consumer not being able to afford groceries or to even pay their bills anymore. The GOPers want to blame everything they have screwed up, on the Auto Worker's Union now.

The GOP have done their dirty work to wreck this country and to ruin the less wealthy 98% of the people who don't belong to the GOP's elite "Haves and Have Mores" club. No billionaire left behind bullshit, is the real culprit and we the people know it.

The credit markets that the $700B TARP were supposed to unfreeze have only partially thawed.

Companies can "float paper" to cover short term cash flow games again. But at much higher interest than previously.

That that was only part of the credit freeze from October. The rest is consumer credit. All of the banks (now that they have $350B of TARP money) have not only refused to lend to people that originate new consumer credit, they are also chopping up direct lines of credit on things like credit cards. If you have a $5000 credit card, expect to see a letter where they now explain that you only have a $2000 or $1500 line of credit on that card. Even if you have a stellar credit report and have never missed a payment or even been late. It's happening.

No credit means that most people can't buy new cars... and are even limited at what used cars they can look at.

Which is why all those cars are piling up on the docks in California... and why Toyota just announced a huge cutback in the number of cars they expect to produce next year.

Bailing out the big 2of3 was just the first step, the government still has to un stick the credit markets AND start directly employing hundreds of thousands (if not millions) of workers if we want to avoid the worst effect of the Second Great Republican Depression (SGRD or GRD2 or GRID2... need to start labeling it NOW).

Many who have jobs are not sure they will still have them in a year and then there is those working 3 jobs just to put food on the table. No one is buying cars until this economy straightens out. If the auto industry goes under this mess will just be a big circle feeding it's self.

We have exported production jobs for 35 years. We have paid foreign companies to set up shop here and put American companies out of action. We have let importers like Wal-Mart ruin almost every mom and pop retailer in America. We have not had wage increases since Reagan, that have kept pace with inflation and the cost of living. We have been robbed by the oil and utility companies. Health insurance has become unaffordable.

The working class American consumer can't afford to buy the cheap imported junk anymore and anyone with half a brain, should have figured out long before now, that this day would come. Simple math...Take away the income and the spending has got to come to an end too. Greed based supply side trickle down insanity, has taken it's toll.

Nobody is in good shape.