Re: History repeating??

Posted by PackardV8 On 2008/7/3 22:10:51

The current oil issue is just a repeat of the mid-70's. There are definately more lingering proplems than $4, $10 or even $30 per gallon gas. Problems such as the US having lost it's industrial prowess, without which and even with Russian intervention the US and Russia would have lost WWII.

GM and F know what they are doing. They are a US Holding or parent of global auto mfg'ing now. NOT a domestic mfg'er. Gm at $10 and F at $4 has got to be a dirt cheap bargain of the century. If Gm and F go out of bussiness then we will have bigger problems than trying to find a job or a car to drive.

Gm and F have not produced any significant depression era cars recently. About the time they start will signal a 'recovery'. This happened in 1960 with the introduction of Chevy II, Corvair, valiant, falcon, Lancer. They were depression era cars for a depression that never came.