Thursday, February 09, 2012

 
 
 

 
 
 
 
 
September auto sales disaster
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Tuesday, September 22, 2009
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From Zero Hedge:

Obama's first and only law of economics: Stimulus Today = 2x Hangover Tomorrow

In 10 days auto companies will announce their September auto sales. If auto specialist Edmunds.com is right, expect to see an unprecedented decline in the September SAAR number: from 13.7 million in August to a 28 year low of 8.8 million!

 "Many people regard February as the darkest month of the recession, but even then the SAAR was higher, at 9.1 million units," Edmunds.com senior statistician Zhenwei Zhou said in a statement.

And the simple observation that anyone in Obama's crack team who had ever read Econ 101 would have figured out:

Read full article...

More on government stupidity:

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Topics: Autos | Recession | Cruxallaneous
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