When I heard President Obama say that someone struggling financially, now even more, because of gas prices, should consider a trade in, it was like hearing him say, “Let them eat cake.” I mean, if you’re struggling and you have an older car, you probably pay a lower insurance premium and a new car is also just not in the budget. Get a new car, and you have:
1. higher payments
2. higher insurance premiums because the car is new
3. inadequate room if you have a large family, so now you need what, 2 new cars?
Obama seemed out of touch with this one. Most families are striving to get by from month to month and why does he think the automobile industry needed to borrow our grandchildren’s money? Oh, that’s right- nobody is buying new cars.
Where’s the cake now, Mr. President? In the White House dining room? It sure isn’t on my table!
“They should consider a trade-in.” Believe me, I am definitely planning on one, but the election is still 19 months away!