The Big Three Auto Manufacturers

Lately on the news channels and in the news papers, there have been talks of Ford, General Motors, and Chrysler going out of business and failing. They are talking about a bail out plan to help these three manufacturers right now. I don't know if it is going to go through though. Many small cars lots and used dealerships are already out of business just because nobody wants to buy anything right now. But the weird thing is that it is a great time to buy right now if you have a steady job and consistent income. Dealers are very willing to give cash back on new car purchases, especially for their pick up trucks. I have seen Dodge advertise their Ram pick up on sale at $10,000 off in the newspaper advertisements. I was also looking at buying a quad right now. I don't know whether to buy new or used. But there are a lot of them for sale right now. People seem to need cash right now. Probably to pay off a little bit of debt they might have or to help towards their house mortgage. Also, on a major street by my house there are cars lined up on the side of the street parked with for sale signs on them. They are on both sides of the street. I guess that is a popular spot to sell cars. It is also a great time to buy stock at the moment. Prices are so low right now. They are eventually bound to go back up. It just might take a few years to do it though. Most stocks have had their price cut in half. So if you bought them right now and in a few years if they go back to their price of a year ago, you would have doubled your money!