US Politics February 2019: This is one of the great losers of all time.

What amuses me about Booker's love-thy-enemies approach is that on the stump he's unctuous and creepy, oozing fraudlence. I'd keep small pets away from him.
― a Stalin Stale Ale for me, please (Alfred, Lord Sotosyn), Thursday, February 14, 2019 4:02 PM (twenty-seven minutes ago) Bookmark Flag Post Permalink

yup. john edwards 2.0.

My bad, y'all

lol Abrams has too many Christian NRO buddies for him to insult

In non fake news, this seems bad

https://www.cnn.com/2019/02/13/business/delinquent-car-loans/index.html

yes, it is

I just mean voting record is less important than their positions and fights going forward, imo.

elliott abrams agrees

https://images.dailykos.com/images/4085/story_image/Abrams_dl.jpeg?1452593300

well hello...

Bellweather? It’s been longer than average since the last recession...

If we can look past his vote for the crime bill, appreciate his evolution on criminal justice reform and immigration we can do it for some “centrists”

“if only there was an american politician on the left whose positions had remained unchanged-but-correct for decades who could run for president
― a surprise challenge that ended with a gunging (bizarr

In non fake news, this seems bad

https://www.cnn.com/2019/02/13/business/delinquent-car-loans/index.html

― bhad bundy (Simon H.), Thursday, February 14, 2019 11:35 AM (seven minutes ago) Bookmark Flag Post Permalink

yes, it is

― sleeve, Thursday, February 14, 2019 11:40 AM (three minutes ago)

as someone that seems to be barely hanging on in the "best economy to every economy, believe me" it's really unsettling to know that this shit is all fake and these chickens are coming home to roost and it's not going to be good at all .

Lenders are more frequently offering funds to people with low credit scores, contributing to the increase in the number of car loans. More than 20% of the car loan balances belong to those borrowers, who are far more likely to be delinquent on car loans.

Americans are also paying more for new car purchases.

The average price of a new car purchase last year was $36,440, according to data from Kelley Blue Book. That's up $7,400 from a decade ago. The pace of price increases has outpaced overall inflation over the last decade, too.

Car companies are selling more SUVs, which are more expensive than sedans. And new safety features, such as auto braking and warnings for traffic in adjacent lanes, have driven up the price.

$36,440! to me that's preposterous. sticking with the Civic and the CRV thanks.

I get more auto financing offers than all of my other categories of mail combined.

I do not own a car, so.

And barely drive.

Are car loans packaged and sold like mortgages?

(sold to other financial institutions I mean)

Pickup trucks are $50K! Fords! granted their extended cab and I assume decked out. I don't understand how "Average Americans" afford them.

they don't just raise the bar; they are the bar

brownie, that's a good question! None of mine ever have been (4 new auto purchases over 30 years), but that's just one data point.

cheap consumer credit is bad for America

always see uncle leo from seinfeld in abrams

Yes, auto loans get sold to other banks just like mortgages do.

thx

Newer generations of autos are probably more desirable than new cars were 15 years ago. And I think taste has shifted towards more people wanting SUVs which are probably the more expensive option.

i don't the auto loan market is not big enough to ~~cause~~ macro problems in the same way as the mortgage market (or even student loans at this point?), if that's what you're thinking. but it's not a good sign.

*think

Pickup trucks aren’t $50k. They’re $25-35k. But! Loaded manly black suburban status symbols that Pledge Allegience to Americanism and play Sirius radio and have a V8 and chrome detailing and sit twelve feet high, dwarfing the next car at Cheesecake Factory and want to Drain Swamps? They’re like $50k or more, and that’s before the lady-silhouette mudflaps.

don't forget extra for the Truck balls

base f150 is 28k, top end model 67k https://www.ford.com/trucks/f150/models/?gclid=EAIaIQobChMItuqe9OW74AIVDL7ACh14ugAjEAAYASACEgItnPD_BwE&searchid=1697554981|||&ef_id=EAIaIQobChMItuqe9OW74AIVDL7ACh14ugAjEAAYASACEgItnPD_BwE:G:s&s_kwcid=AL!2519!3!272517223160!e!!g!!f150

don't forget the matte black paint job

In other news, the president will visit my campus on Monday to discuss Venezuela

To steal a joke, I hope he has his human rights observed and respected, Abrams-style

do you even HEMI brahs?

Pickup trucks aren’t $50k. They’re $25-35k.

The ones I saw were. Loaded, F450s, extended cab. Well above $50k sticker price.

fuck it, let's do 4 50s

lol I'm 32 and I've never owned a car with less than 130,000 miles

this is an ECOBOOST household my dude xxps

lol I'm 32 and I've never owned a car with less than 130,000 miles

― frogbs, Thursday, February 14, 2019 6:07 PM (forty-two seconds ago) Bookmark Flag Post Permalink

with ya

I wanted a Jeep but couldn't afford one that didn't have ton of miles. Then a couple of acquaintances 15 yrs younger than me who worked at Whole Foods and Starbucks, respectively, bought low mileage Jeeps. I assume people are just ok with massive auto loans that I'm not.

yep

maybe I just think like a poor person but for all the crazy and cool advances that have been made in cars over the last 10 years I still can't figure out how it's gonna make my life better. like I know someone who is really enthusiastic about Tesla and how much of a game changer every little piece of technology is but at the end of the day, I dunno, you drive it to get somewhere, you still have to follow the speed limit and all that

the car i'm driving now is AWD, now let me tell ya THAT makes a huge difference given the winter we've had. before this I never had a car that wasn't totally awful in the snow. gonna miss the fun of driving straight into a snowdrift though

maybe I just think like a poor person but for all the crazy and cool advances that have been made in cars over the last 10 years I still can't figure out how it's gonna make my life better.

As someone who spent several years working in auto parts stores and warehouses I am deeply suspicious of 21st century cars - everything is computerized to the point that I worry that if the computer craps out, the whole thing is basically a giant steel paperweight you can climb in and out of. Especially since it's that much easier for the manufacturer to make things super-proprietary so you can't even take it to a regular mechanic, you have to go to the dealer for every fucking repair. Older, more mechanical cars seem like a safer bet to me.

Don't buy cars, people, ride the fucking bus

the bus is great

car loans are capital that is being diverted from its natural role building more train tracks

what is this bus you speak of

unperson otm

thing is "modern" cars are wayyyy more reliable and longer-lasting then "older, more mechanical" cars. it is unnerving how computeriffically complicated they are tho fer sure.

can one of those "modern" cars spirit me away from campus on Monday or

lol

this is the door to the american enterprise institute. does it look sort of odd to anyone else pic.twitter.com/R9tLznQjDY

— libby watson (@libbycwatson) February 14, 2019