Just how is that whole hopey-changey thing working out for ya?
…Industrywide deliveries, to be released tomorrow, may have reached an annualized rate of 11.6 million vehicles this month, the average of eight analysts’ estimates compiled by Bloomberg. That would be the slowest August since 1982, according to researcher Ward’s AutoInfoBank. The rate would be 18 percent below last year’s 14.2 million pace, when the U.S. government’s “cash for clunkers” incentive program boosted sales…
We’ll have to see what the real numbers are – after continually over-estimating, a lot of “experts” are now heading the other direction. Still, even if the numbers beat these expectations, we can be sure they numbers won’t be beating last years rather dismal figures.
The “cash for clunkers” scam didn’t “boost” sales – all it did was rob from future sales. A political gimmick to make things look good for a news cycle or two, and now the piper is being paid. Better to have had slow and steady sales than what we’re getting now – a little boost, then a complete collapse. How many auto dealers are going to be laying off sales and maintenance staff now? Staff which might have been able to keep working in a more steady-pace, though slow, sales environment.
Every last thing Obama has done has been a complete failure because everything done revolved around the government deciding what the money should be spent on. Until Obama wakes up from his socialist stupor and realizes that he’s not the smartest man in the world, we’re going to keep heading down the economic drain.
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