jerryofva
2009-08-18 09:22:58
Paul in MI:
Salesman are making commisions and new autos are being produced but if Uncle Sam doesn’t hurry up with the cash many of those salesman will be out work because their employers will go bankrupt. I am sure that the effected salesman will have been happy to live without these upfront commissions. In addition, to the extent that C4C only brought future sales forward they be seeing leaner times in the future
Also, this increased production today will result in reduced production tomorrow unless the economy revives. Since most of the cars have been bought on credit sales of other products will be reduced because of the new payments. Credit is not income, it is only a future claim on income.
