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Cash for Clunkers – A preview of Obama’s Health Care – Did I mention GM sales Crashed by 45% & Chrysler by 42% Last Month

Well now we have the results of another great liberal experiment gone wrong. The now infamous “Cash for Clunkers” program that we were told by the main stream media was a huge success, has now been demonstrated to be a complete failure and the media is still hiding it.

Yesterday at approximately 4:00pm, Yahoo had an article on its home page, flashing that “Ford sales plunge 5%”. That is true, here comes the liberal spin. While it is true that Ford’s sales fell 5.1%, General Motors fell, get this 45.1%, that’s just slightly higher isn’t it? Wait Chrysler didn’t want to be out done so they fell 42%. Why do you think we see Ford going down, but not GM or Chrysler? Could it be that Ford did not get bailed out by the government, or maybe that Ford isn’t union owned has something to do with it. You wouldn’t want to make the liberals look bad would you?

There’s more, overall auto sales fell 22.7% from last September and are down 27.4% for the year, despite the government handout. So whats next? Another cash for clunkers bailout? No, Obama being the rocket scientist that he is has a new and better idea. He is spending $23 billion to jump start lower income home ownership programs. Oh great, I seem to remember that the housing bubble is kind of where this started. The government through the Community Reinvestment Act forced banks and other lenders to give loans to unqualified people who ended up not being able to pay for the homes. Hence the collapse.

New job numbers came out today, we seem to have lost another 263,000 jobs, oops. Here’s the killer, over 500,000, that’s half a million people fell off unemployment last month. Add those poor people back in and you at a neat 17%. But don’t worry, Obama’s stimulus bill will stop unemployment from going over 8%, the great one has spoken. Other than these small little things, the Cash for Clunkers Program was a great success, just think what he can do with your health care.

2 Responses to “Cash for Clunkers – A preview of Obama’s Health Care – Did I mention GM sales Crashed by 45% & Chrysler by 42% Last Month”

  • ttoes:

    Found your blog on AlphaInventions and am glad I did. I will add a link at my blog since I think we have very similar goals/attitudes/beliefs. Your blog is well written and a good read – very informative. Two months ago I wrote a post showing the huge cost and likely small benefit of the Cash for Clunkers program (http://ttoes.wordpress.com/2009/08/01/cash-for-clunkers-is-a-clunker/). Your post further convinces me that this program should be the poster child for failed programs of government intervention into otherwise (somewhat) free markets. Thanks for the great post.

    Tom

  • Cars4Charities:

    Cash for clunkers' only accomplishment was the destruction of almost 700,000 running vehicles. Many of those cars were in good condition. Because of this auto repair shops and car donation charities have lost much money and used car prices have gone up.

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