i doubt that indubitibly, my friend. no corporation faced with a 20-30 percent windfall is going to ignore it's fiduciary responsibility to it's shareholders and pass that blindly on the consumers. in fact, I doubt that there will be ANY price reductions. what there WILL be is dividend increases, profit taking, and stock rising. the rich will benifit, the middle class will get little if anything.
"i doubt that indubitibly, my friend. no corporation faced with a 20-30 percent windfall is going to ignore it's fiduciary responsibility to it's shareholders and pass that blindly on the consumers. in fact, I doubt that there will be ANY price reductions. what there WILL be is dividend increases, profit taking, and stock rising. the rich will benifit, the middle class will get little if anything."
I never expected you to be so full of envy and so aggressive in holding the class warfare line.
The automotive industry is so tight and every .1% point of market share means a lot to the manufactures, so yes as costs decrease these cost savings are either passed along to consumers or used to upgrade the vehicles. The advantage is the artificial competitive edge given to foriegn producers would no longer exist. The burden would be placed on both a Toyota and a Ford.
Just to bring you a bit of perspective on this, price negotiations for parts in autos is negotiated out to the 0.0001, fractions of a cent.
Oh no? John Linder already has corporations who have signed agreements that they will lower consumer prices by any amount they are not forced to pay in income taxes. He is working with Wal Mart now. See post #172.