Drudge Retort: The Other Side of the News
Saturday, July 26, 2014

Americans now owe a staggering $902.2 billion in auto loans -- a 10 percent increase from this time last year and an all-time high -- but the number of delinquencies on auto loans is near an all-time low, according to the credit reporting agency Equifax. "Lenders are responding to record low delinquencies by offering great rates and terms, while consumers are responding to the improving economic conditions by making the decision to purchase newer vehicles," Dennis Carlson, Equifax's deputy chief economist.

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"the number of delinquencies on auto loans is near an all-time low"

The billion dollar, auto-truck repossession industry is the supply line for the trillion dollar used car dealers-industry. Just two more business groups that are victims of HUSSEIN Obama's low interest rates.

IMPEACH NOW !

(thousands of repo-men and used car salesmen, are mow unemployed, and unable to pay their Obama Care premiums)

#1 | Posted by SammyAZ_RI at 2014-07-26 10:12 PM | Reply | Flag:

mow = now

#2 | Posted by SammyAZ_RI at 2014-07-26 10:13 PM | Reply | Flag:

That's why I always pay cash....my wife to the contrary.

#3 | Posted by Diablo at 2014-07-26 10:51 PM | Reply | Flag:

CSM? Really Rcade?
Any other time, those on the left of the spectrum, would mock CSM. Why should we believe them now?

#4 | Posted by homerj at 2014-07-26 11:40 PM | Reply | Flag:

CSM? Really Rcade?
Any other time, those on the left of the spectrum, would mock CSM. Why should we believe them now

#4 | POSTED BY HOMERJ AT 2014-07-26 11:40 PM | FLAG: NONSENSE

CSM has long been one of the most respected news journals out there. Just because it has the word "Christian " in its name doesn't is another conservative rag.

In 2003 when Bush and the clown brigade tin foil hat soldiers were sexing up the hot air in order to justify the unjustifiable. the CSM wrote some informative expose's on the origins of the neoclown movement that had gripped the nation. Starting with its communist roots all the way the -------- Cheney. The Articles in Their entirety are no longer available online it seems but you can find exerpts from it by Googling CSM Empire builders, NeoCon 101 etc.

It also discussed in some length the blather machine justifying coming up empty handed in the WMD department as well.

Look at the works of Clay Bennett the CSM cartoonists Pulitzer Prize winning offerings for an idea of the CSM approach to conservative dogma.
www.csmonitor.com

They were also one of the first newspapers to "Go Green" forgoing the print version for online before it was chic.

Anyone who reads the news with critical eyes from the various outlets will have the CSM on thier short list of go to news sources. CSM usually comes out on top. Liberals are generally smarter and better educated than the conservatron counter parts. To assume would not be interested in what the CSM offers proves that you are clueless.

#5 | Posted by RightisTrite at 2014-07-27 01:08 AM | Reply | Flag: | Newsworthy 1

I don't find this all that surprising. The US mass transit system is pretty sad and a lot of people can't afford to pay cash for a vehicle.

#6 | Posted by REDIAL at 2014-07-27 02:06 AM | Reply | Flag: | Newsworthy 1

Redial, not surprising indeed as the automakers have promoted leases dramatically in recent years, regardless of income levels. In fact, it's the high end models that have higher percentage of leases.

#7 | Posted by CrisisStills at 2014-07-27 09:46 AM | Reply | Flag:

#4 | Posted by homerj
"Any other time, those on the left of the spectrum, would mock CSM."

er...really?

#8 | Posted by TheTom at 2014-07-27 11:23 AM | Reply | Flag:

Stimulate the economy!

#9 | Posted by pragmatist at 2014-07-27 01:57 PM | Reply | Flag:

"Any other time, those on the left of the spectrum, would mock CSM. Why should we believe them now?"

Not that others haven't commented, but WHAT IN THE WORLD ARE YOU TALKING ABOUT?

CSM is well-respected by folks all over the spectrum. I've never known a liberal to bash it or call it a bad news source.

#10 | Posted by pragmatist at 2014-07-27 01:58 PM | Reply | Flag:

"Stimulate the economy!"

It's not working. It's all smoke and mirrors.

"The Federal Reserve took extraordinary actions in response to the financial crisis to help stabilize the U.S. economy and financial system. These actions included reducing the level of short-term interest rates to near zero. In addition, to reduce longer-term interest rates and thus provide further support for the U.S. economy, the Federal Reserve has purchased large quantities of longer-term Treasury securities and longer-term securities issued or guaranteed by government-sponsored agencies such as Fannie Mae or Freddie Mac."

Investors are not buying those securities are are buying things like gold, stocks etc. That's why you see the numbers of the Dow, Nasdaq, etc. That's why the value of the dollar continues to fall causing prices to rise. Watch this video regarding Quantative easing: We are in phase three.

www.youtube.com

#11 | Posted by jestgettinalong at 2014-07-27 02:32 PM | Reply | Flag:

Being in debt is the in thing-both for national, state, city, county entities and for individuals. It must be politically correct since so much is being done to promote it. People who remember or were alive during the Great Depression (1929-1941) have a different view of being in debt.

#12 | Posted by Donald at 2014-07-27 08:48 PM | Reply | Flag:

CSM? Really Rcade?
Any other time, those on the left of the spectrum, would mock CSM. Why should we believe them now?

#4 | Posted by homerj

I think CSM has excellent credibility.

#13 | Posted by Whatsleft at 2014-07-27 09:01 PM | Reply | Flag:

Not surprising. I have seen Toyota Corolla's for lease for $49 a month. The auto companies are playing fast and loose with the residual value at the end of the lease in order to get people to lease it today. It will bite them in the behind when the leases are over.

#14 | Posted by 726 at 2014-07-28 08:03 AM | Reply | Flag:

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