It is a good thing the Government owns General Motors. Because if they didn't they would be heading right back into bankruptcy, only this time for real. Of course, now that the government is in charge, it is hard to figure out how they are now doing their counting.
GM said its global first-half sales, which include brands the automaker is trimming from its lineup, fell 21.8 percent to 3.55 million vehicles. The automakers sales in the second quarter fell 15.4 percent to 1.94 million vehicles
2 years back, they sold 17 Million in the US alone. Now a little over 5 Million worldwide sales is only a 36% decrease over last year? Auto sales started dropping last year in October. Well there you go. Government a accounting for you.
Speaking of government accounting, I am looking forward to the big Prime Time speech from Our Dear Leader tonight. And I hope he explains a few things in the 15 pre-screened questions he hopefully will address.
I hope he explains why he has stated he has no idea what is in the Health Care Bill.
And I hope he explains why everything folks are afraid of, like the government running everything from taking over every ones insurance, giving illegals free insurance, telling you what you can and can't have. down to the doctor fees, despite what he has been saying, is all in the Bill.
In reality, I'm sure we will get more abstract rhetoric. Mostly how bad our system is, and how they need to fix it. Anyway, 4 prime time news infomercials by a President in 6 months is a first.
Moving on, the big news yesterday was California solved it's crises. And if they were in DC I guess it would be considered solved.
They decided to borrow money from the municipalities to cover their debts, steal money out of different programs, and in general, just pretend there is no problem. Even after all their creative book keeping maneuvers, they are still 11 Billion in the hole, and they are calling it a success.
Or course success is all in how you look at it. Since they didn't ask any of the municipalities if they could take their money, there are now lawsuits flying to stop their insanity. The cities are broke too, and have been laying off folks and shutting down programs. Something the state seems unable to consider.
But, that is how the Federal Government has been run for years. If CA could print it's own money we'd really be in a pickle.
Speaking of states, the ATF has now told all the offending state that their new gun laws are trumped by Federal Law. And Alaska has added itself to the growing list of states that have declared state sovereignty. I am sure it will not be long before the FED's step up and say that won't fly either.
Not to worry though, Hillery says when Iran gets Nukes, they won't use them except for defense. I guess their kooky President is just full of hot air when he says he'll wipe Israel off the map once they get nukes. And that whole thing about destroying us next is just silly talk as well.
Everything is sunshine and lollipops
Meanwhile, foreclosures are still happening at record pace, commercial real estate is about to burst it's bubble as well. Unemployment is still rising at over half a million a month, business's are closing across this once great nation.
The University system just jacked up student fee's, for the second time since last semester. Leaving many students in a sudden pickle. They now need to find another $1,000 before next month to stay in school. I guess this is the new education plan.
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