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Car dealers say they can’t sell EVs, tell Biden to slow their rollout (arstechnica.com)

submitted 11 months ago by boem@lemmy.world to c/technology@lemmy.world

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[–] cantstopthesignal@sh.itjust.works 82 points 11 months ago (3 children)

There's a 2008 style crash coming in the credit market for cars. There's a lot of subprime loans and a lot of car companies that got into financing that shouldn't have. Wait til they really get squeezed. Who am I kidding tho, they will just ask for a bail out.

[–] uriel238@lemmy.blahaj.zone 46 points 11 months ago (1 children)

Some of us are still miffed about the 2008 bailouts, which ran entirely counter to the market forces rhetoric. Then the police turned off all the cameras and ran OWS off with riot squads.

No resolution was offered. even Dodd-Frank was reversed by Trump.

So you can expect a lot of civil unrest. It's been due since the great depression, about a century ago.

[–] SuckMyWang@lemmy.world 1 points 11 months ago* (last edited 11 months ago)

Wrong! They will let it crash a bit and everyone will panic and see that shit is about to get real. The government will offer to defer the pain by bailing out the very rich and get things moving again, it’s the only way the government at the time will be able to hold onto power. People are fucking idiots so they’ll do nothing because they don’t like being uncomfortable for a short time even if it means they are getting slowly buttraped over the medium to long term

[–] Wrench@lemmy.world 40 points 11 months ago

When beater 20 year old trucks can't even be found for <$10k, you know somethings gotta give

[–] SuckMyWang@lemmy.world 3 points 11 months ago

And the best part is you who foresaw it and tried to warn everyone, will have to pay personally towards the bailout