I'm sure they have their reasons for lying about sales figures be it for bailouts or whatever. Doesn't make me wrong though nor does it mean you have to attack me personally. Why do you assume I don't know what I'm talking about? If the concept of inflation making cars cost too much for average incomes to afford thereby making sales drop then the concept of cars being more affordable, hitting a sales peak then sales declining should also be a viable theory. Maybe critical theory is not your thing.
When you post stuff that is obviously incorrect or misguided, you make it very apparent that you don not know what you are talking about. No assumption is necessary, as you prove the thesis.
The fact that you don't even know your post above disproves your idea about Biden is further proof:
If the car mfgrs are lying about their numbers just to get bailouts, then sales are actually not down, and the blame you assign to Biden for poor sales performance is incorrect.
So, which is it? The numbers are correct and things were worse under Trump, or the numbers are fabrications, and things were worse under Trump? No matter which way you want to portray the numbers, they are worse under Trump.
In 2017 the average salary was $50,321. At the end of 2020 it was $55,628. An increase of 10.5% during Trump's presidency.
The last average that came out put it at $63,795. An increase of 14.6% during Biden.
In 2020 a base Camry ($24,840) cost 7.6% more than it did in 2017 ($23,070). In 2023 a base Camry ($24,970) costs 9.7% more than it did in 2021 ($24,970).
Trump wage growth: 10.5% Car price growth: 7.6%. Only a 2.9% spread
Biden wage growth: 14.6% Car price growth: 9.7% A 4.9% spread. Two full percentage points better.
So under Biden, wage growth has outstripped car pricing growth by a wider margin than it did under Trump. Not by double, but close.
Please explain how that's a bad thing.
www.zerohedge.com
www.wired.com
www.rt.com
