
Ok, so The One told us without the stimulus pork recovery plan unemployment would exceed 9%. So, we spend billions on worthless projects and now have unemployment at 9.7%. A truly scary number is that when you count folks who have taken part time work and those who have just given up, the rate is at 17%. Well, Barry did promise us CHANGE, and we sure are getting it. Let’s HOPE he doesn’t have any other tricks up his sleeve.
Er, well. Then there’s this:
GM’s sales are down 45% from last September (when sales were already bad enough to drive the company into banrkuptcy). Chrysler is down 42%. Ford is only down 5%. Car buyers are clearly punishing the two bailout recipients brutally. Robert Farago of Truth About Cars–who has been right before–predicts that GM and Chrysler will both “go down by the end of next year” without a second, new federal bailout. The only question, he says, is whether the two manufacturers will need the cash before the 2010 midterm elections.
I’m really not all that surprised. I for one would never purchase a vehicle from GM (government motors) and although I have been a near lifelong customer of Chrysler (Dodge trucks and Jeeps) I don’t think I could bring myself to buy a Fiat (whatever the name on the car).
Sad to say, but the country might be a helleva lot better off if little Barry would confine himself to Olympic bids. At least there his failures only impact one city at a time.
God help us.