As expected, US auto sales in August went up because of the Cash for Clunkers program. And, as expected, the US auto sales were a disaster in September. So, what long term benefit did we taxpayers get for our money? Nothing. If it hadn't been for Ford which was NOT bailed out, it would have been a total nightmare. Government Motors came in with biggest drop in comparison to last year's sales. Might as well through money out of a helicopter over the ocean!
And don't you like how many jobs are being CREATED by the stimulus packages! "Jobs losses this month totaled 263,000, worse than even the most pessimistic economist projection" reported here
Also, as expected, the government tried to dress up the numbers by saying more jobs would have been lost. What's to make me believe this isn't yet another lie? We've been hearing this one all year.
But I am glad to hear we don't have to foot the Olympics in Chicago. Seems that the Olympic host cities have been LOSING money on the events. Besides, do I really want to see Obama's team get richer because of their conflict-of-interest in real estate in the Chicago area? I'm already appalled by the second 727 that made the trip to fight for Chicago 2016 -- more money thrown out over the ocean. YOUR money!
No comments:
Post a Comment