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Auto Bailouts - Proof it's not working

Discussion in 'U.S. Politics' started by asur, May 1, 2009.

  1. asur

    asur New Member

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    U.S. auto sales typically account for as much as one-fifth of all retail sales in the country and represent one of the first indicators of consumer demand every month. Both GM and Chrysler have announced plant shutdowns to slash bloated vehicle inventories.

    Now the latest results for April after Obama's stimulus and bailouts:

    CHICAGO (Reuters) - U.S. auto sales in April were on the road to plunging to their lowest levels in nearly 30 years according to sales reports released on Friday, the day after Chrysler LLC filed for bankruptcy.

    For those of you that voted for Obama, this means auto sales are actually getting worse. Doubt me?

    Look up the meaning of these words in your dictionary and study - "lowest levels in nearly 30 years". Then you may understand.
     
  2. top gun

    top gun New Member

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    You really have no concept of downward market forces do you?:confused:

    Under Bush & Republican policies and an iron clad 100% lock up on government for over 6 straight years... and with the stir up in the middle east invading an occupying Iraq helping create HUGE gas price spikes the country & the car industry became very, VERY ill!

    With a disease like THE BUSH RECESSION (2nd only to THE GREAT DEPRESSION of the 30's) the damage starts and worsens.

    Under Dr. Bush the patient would have freakin' died by now!

    Under Dr. Obama we're pumping in the antibiotics and have the best economic specialists trying to reverse Dr. Bush's trend!

    Wait a little more Than President Obama's first 100 days and talk to me. We've already seen other signs in the economy in general that are now mixed and not all bad as they were at the end of Bush's term.

    But it won't matter. By the end of 2010 when things a markedly better you'll still say everything President Obama did was wrong... that's just your sour grapes loosing shtick!;)


    [​IMG]
     
  3. asur

    asur New Member

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    topgun - What specific signs of improvement under Obama?
    Can you list a couple of facts for once?

    You are being fooled like the rest of the sheep, that still have a job.
    and Obama isn't telling the truth. He knows its a scam and will continue to
    spend trillions to create the illusion of an economy.

    The TRUTH is that any appearance of recovery within the 1st 100 days is an illusion created by a storm of short-covering and profit-mongering all within a regime of growing unemployment and accelerating deflation and crashing monetary velocity and soaring home mortgage defaults and vanishing export markets.

    Lets stick to the facts.
    Obama has been bad for the auto industry and economy from all signs, so far.
     
  4. Mr. Shaman

    Mr. Shaman New Member

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    Ya' gotta come-outta your bunker (for air), from-time-to-time.

    :rolleyes:
     
  5. Mr. Shaman

    Mr. Shaman New Member

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    THOSE are The Facts!!

    :p

    Don't like it?

    GET OUTTA THE WAY!!!!!!!!!!!!
     
  6. top gun

    top gun New Member

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    Man... you must be the Grand Puba of the sad sack doom & gloom Republicants!:)

    Come on my man get with the team we're Americans we can pull out of this BUSH RECESSION!

    I know it's embarrassing for you but at some point you have to realize everybody already knows & admit the 100% undeniable indisputable FACT that the economy tanked & went into the biggest recession since the great depression under Republican George W. Bush. What a shame.

    Now you want it all fixed in 100 days and childishly blame our great new President who is at least trying to stem what he was left with.

    U.S. economy shows signs of rebound; Obama pushes for lower mortgage rates
    NBC News: 4/13/2009

    Is the economy getting better?

    The Obama administration says yes, based on a few hopeful signs that this "freefall" - as the president's chief economic advisor calls it may be leveling off.

    Ask Americans on the street and you'll hear more positive voices than a few months ago.

    A few of the positive signs, 20,000 fewer jobless claims than the week before.

    CEO's are less pessimistic in this week's conference board survey.

    And the stock market was up 22 percent in the past five weeks.

    The biggest gain was in American cars, drugs and consumer goods being sold overseas since July.

    So are we starting to see a turnaround?

    "What you're starting to see is glimmers of hope across the economy," said President Obama.

    But still a challenge is housing.

    mortgage interest rates have gone down to historic lows and there has been a significant pick-up in refinancing."

    Those refis have Wells Fargo expecting a record first-quarter profit.

    Also today the president learned from his economic team that small business loans which are used to help employers pay their workers are up 20 percent in one government program.

    Credit's beginning to flow but at what price?

    Interest rates on savings, that many elderly use to survive, remain low.

    Even with small signs of progress, the big keys to recovery continue to be jobs and housing.

    The recession is now stabilizing but economist agree it's far from over.


     
  7. Mr. Shaman

    Mr. Shaman New Member

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    Hell.....we've been here, before.....and, survived. :D

    ALREADY, things are improving!!!!

    [​IMG]

    ***

    [​IMG]

     
  8. Andy

    Andy Well-Known Member

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    Only democrats can take a look at declining economic news, and proclaim things are improving.
     
  9. top gun

    top gun New Member

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    And only Republicants can make the country this ill in the first place!;)



     
  10. asur

    asur New Member

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    topgun wrote-
    Lol, can you be anymore incorrect and vague.

    I asked for specific facts not generalization based on fantasy.

    Once you present a fact about the economy improving (and that's if you can), I will disprove it.

    I use logic not emotion, OK.

    It's an easy task once you understand the rules.
     
  11. Mare Tranquillity

    Mare Tranquillity Active Member

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    It's kind of funny to me that George and his cronies have been flushing the country down the crapper for 8 years and you expect Obama to be able to fix it in 100 days. Two thousand, nine hundred, twenty days of unbridled greed and destruction under the Bush regime and you're whining because it didn't all get fixed in Obama's first one hundred days. No one could rationally expect that kind of instant gratification fix unless they only had two brain cells--and one of them wasn't firing.
     
  12. asur

    asur New Member

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    Well this is what the Obama admin is saying.
    I suspect many Obama voters believe it.

    The Whitehouse is telling us they see signs of improvement and things are turning around.

    This is not true however.
    Just more lies, deception and fraud from the US President and his croonies.

    The big banks are lying about positive earnings, and the Bank task force
    looking into them is not being honest. Banks are getting weaker in the US.
    It's a joke, not an economy.
     
  13. top gun

    top gun New Member

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    Well if you would look at all I've posted and watched all the videos you'd easily have seen several things discussed that are looking better.

    Right off the top of my head... the stock market is going back up under Obama.

    The Consumer Confidence Index went way up in April. I think it was like a 12 point jump when it was predicted to go up maybe 3 or 4... I posted video on that.

    There was more but they've already been posted throughout this and other threads.

    Whether it's logic or emotion or strawberries the fact still remains this country tanked under President Bush and President Obama was handed his mess.

    I'm very positive about how things will look by the middle of 2010. We will see won't we?


     
  14. Mare Tranquillity

    Mare Tranquillity Active Member

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    I hope you won't be offended if I don't accept you as being the final authority on the economy. I don't know about anyone else, but my business is definitely better now than it was in December/January.
     
  15. asur

    asur New Member

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    TopGun wrote -
    Strangely these numbers are redone a month later to show they were underestimates,
    but there were over 600,000 jobless claims each month in January, Feb, March.
    20K is quite small, statistically speaking. Ie. maybe just an abberation


    But 20K is not correct either.
    Here are the facts:

    Initial jobless claims decreased by 14,000 to a less-than- forecast 631,000 in the week that ended April 25, from a revised 645,000 the prior week, Labor Department figures showed today in Washington. The number of people staying on jobless benefit rolls increased by 133,000 to 6.27 million, the 13th straight week the figure has set a record.

    Now the bottom line is April will accumulate > 600K jobless claims for the month.

    This is a bad trend and not positive in any way, no matter how they spin it.
    14K != 20K

    Next case please!
     
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