Page loading...

Page Redirection If you are not redirected automatically, please visit our Facebook page

Thursday, February 5, 2009

Remember the Auto Bailout?

Remember the ~$13 billion Auto Bailout? Well, just like the first $700 billion bailout of our banks and loan agencies, it seems to have done absolutely nothing for "stimulation."

The Associated Press reports:
  • General Motors - Down 48.9%
  • Ford - Down 40.3%
  • Chrysler - Down 54.8%
  • Toyota - Down 31.7%
  • Honda - Down 27.9%
  • Nissan - Down 29.7%
  • Relatively minor players Subaru and Hyundai posted gains (that's right) of 8% and 14%, respectively.
Chart by USA Today:
And, not surprisingly, about 1/2 of the $700 billion bailout is relatively unaccounted for. No one can tell us where the government spent our tax money. It just up and vanished like a fart in the wind!

Here's an idea, let's stop throwing money at the problem. It doesn't seem to be working.

Watching the Democrats run the economy is like watching Hollywood celebrities talk about politics: they have no idea what they're doing, but they think if they keep talking no one will notice they're clueless.

1 comment:

Anonymous said...

Auto Alternatives (Affordable, Safe & Reliable): There are smaller, more efficient auto manufacturers that can replace the Big-3. For every $1 Billion dollars the federal government gives or guarantees for the Big-2 (soon to be 3), BG Automotive Group, could build 40 assembly plants (located in 40 separate cities where employment is needed), hiring 12,000 employees, and producing 600,000- 100% electric vehicles. We can save the jobs and save us from our dependence on foreign oil. The latter figures are for EACH $1 Billion dollar allocation. We would also be requiring more batteries/battery packs than the North American battery industry could produce. We would also require 600,000 U.S. made motors, computer systems, etc. to operate the vehicles. 100% of our components under the hood, including the power system, is made in America and assembled by Americans.

We have a huge demand, domestic and foreign for our electric vehicles, but do not have the funds required for the production expansion to meet the overall demand.

Conservative Brawler's Archive

Brawler's Search