Post CFC auto sales way down.

[bigbulls]

Wow, who could have predicted this would happen?

DETROIT — The auto industry staggered through September, suffering from a massive cash-for-clunkers hangover that left sales down 41% compared with clunker-fueled August.


Total light-vehicle sales fell to 745,997 in September after topping 1 million in August, automakers reported Thursday. September's sales were down 23% compared with September 2008, when some automakers then mistakenly declared sales had fallen as low as they would go and would rebound.


"I've been in the auto business for 39 years, and I've never seen a roller-coaster year like this," says Ken Czubay, Ford's vice president of marketing, sales and service. "But so far this year, the third quarter has been the high point of the year."

http://www.usatoday.com/money/autos/...to-sales_N.htm

[James B]

Like they said on FOX today, The real clunkers are the politicians that dreamed that scheme up. Pity for the tax payers who have to pay for all of those cars.

[Griswold]

Gimmicks aren't going to get this economy back on track. I don't care if it's cash for clunkers or pumping a trillion dollars that we ain't got into feel-good projects that we don't need under the guise of "stimulus." Unfortunately, this administration's only answer, and the last administration's only answer when things started going south at the end, is gimmicks.

[falcon]

It is going to to take awhile, maybe a few years, to get the economy back on track after the financial meltdown last year. Recovery from each subsequent recession/depression will also take longer because the US has lost its manufacturing base.

Social security will most likely go into the red next year year for the first time since the early 80s. This is happening because of the depressed job market and the fact that many baby boomers are taking early retirement.

[The Rev]

Originally Posted by falcon

It is going to to take awhile, maybe a few years, to get the economy back on track after the financial meltdown last year. Recovery from each subsequent recession/depression will also take longer because the US has lost its manufacturing base.

Social security will most likely go into the red next year year for the first time since the early 80s. This is happening because of the depressed job market and the fact that many baby boomers are taking early retirement.

The economy would have recovered without Obammy adding gasoline to the fire. The American free market system has always its checks and balances. Those that were struggling would be bought out by the stronger without any goberment intervention. Now that Barry has stuck his finger in the pie it will take generations to overcome this mess.