Comments on: The Most Expensive Car Ever Auctioned in United States http://www.ridelust.com/the-most-expensive-car-ever-auctioned-in-united-states/ Cars, trucks, motorcycles, ATVs, skateboards and all manner of vehicles Sun, 21 Mar 2010 23:54:24 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Terry http://www.ridelust.com/the-most-expensive-car-ever-auctioned-in-united-states/comment-page-1/#comment-3865 Terry Fri, 22 Aug 2008 06:17:52 +0000 http://www.ridelust.com/?p=3972#comment-3865 The NBER (National Bureau of Economic Research) will not be using the Monterey peninsula's auction(s) as a key indicator of how the American economy is doing. To do so is just mondo silly. Many, if not most of the cars bought there are purchased by foreign buyers, whose currency is as much as twice as strong as the American dollar. That means they can bid twice as much as the American bidders and not worry. It is also why several of the auctions, including this one, have reader boards showing the bidding in real time, in most of the key currencies. Additionally, if case you forget - and it is worth remembering - the tax breaks that President Bush and the Congress pushed through in the early part of his time in office, gave tremendous tax breaks to those in the upper echelon of American society. In point of fact, Senator John McCain was opposed to those tax cuts, before he decided that to gain the nomination, if not the office, he needed to forget all that and preach the same party line about the good old "trickle down" theory. Monterey's six auctions exist in their own orbit, just as do Barrett-Jackson and most of the other auctions in Arizona, in January. You will not see the National Bureau of Economic Research using them as key indicators, either. The NBER (National Bureau of Economic Research) will not be using the Monterey peninsula’s auction(s) as a key indicator of how the American economy is doing. To do so is just mondo silly. Many, if not most of the cars bought there are purchased by foreign buyers, whose currency is as much as twice as strong as the American dollar. That means they can bid twice as much as the American bidders and not worry. It is also why several of the auctions, including this one, have reader boards showing the bidding in real time, in most of the key currencies.

Additionally, if case you forget – and it is worth remembering – the tax breaks that President Bush and the Congress pushed through in the early part of his time in office, gave tremendous tax breaks to those in the upper echelon of American society. In point of fact, Senator John McCain was opposed to those tax cuts, before he decided that to gain the nomination, if not the office, he needed to forget all that and preach the same party line about the good old “trickle down” theory.

Monterey’s six auctions exist in their own orbit, just as do Barrett-Jackson and most of the other auctions in Arizona, in January. You will not see the National Bureau of Economic Research using them as key indicators, either.

]]> By: Geeks are Sexy http://www.ridelust.com/the-most-expensive-car-ever-auctioned-in-united-states/comment-page-1/#comment-3791 Geeks are Sexy Thu, 21 Aug 2008 00:56:52 +0000 http://www.ridelust.com/?p=3972#comment-3791 Looks awfully cramped in there.... Looks awfully cramped in there….

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