I’m serenely confident that we’re in the twilight of Happy Motoring now. Without debt service there is no auto industry, and we’re toast where debt service is concerned. All we can do now is give cars away, or give US citizens free money to buy them — which we are obviously already doing with “Cash for Clunkers” — which is additionally hilarious in the same nation that is deeply paranoid about the government giving anybody free health care. What a nation of morons we have become.
James Howard Kunstler | Clusterfuck Nation