Report: US auto sales in August were the worst for the month in 28 years

Report: US auto sales in August were the worst for the month in 28 years
The outlook for the auto industry is diminished somewhat with the unemployment rate in the US and the decision by the Chinese government to slow down its economy. What goes on in the US and China are significant as they are the world’s two largest car markets.

In August, US auto sales were the worst for the month in 28 years. On the other hand, China’s passenger-car deliveries to dealerships rose at its slowest pace since March 2009. Sales dropped when governments ended the stimulus measures that boosted sales in the US, China, Europe and Japan
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AgentOrangeAgentOrange - 9/13/2010 5:01:31 PM
+7 Boost
No, no, no. Get with the program...
Today's mantra is to blame everything on progressives, liberals, socialists and that foreign born, muslim President.



thstonethstone - 9/13/2010 5:25:31 PM
+4 Boost
You can't pull yourself out of a recession by spending money you don't have.

Just ask my credit card company.


upwardsupwards - 9/13/2010 11:18:52 PM
0 Boost
Two very different types of spending.


upwardsupwards - 9/13/2010 11:23:08 PM
0 Boost
<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/e4KY39jLdu4?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/e4KY39jLdu4?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>


upwardsupwards - 9/13/2010 11:23:54 PM
0 Boost
http://www.youtube.com/watch?v=e4KY39jLdu4


cohwangcohwang - 9/14/2010 3:07:00 AM
0 Boost
We can't blame any countries other than ourselves. This is the result of the long term structural economical failure in US. No other countries can help, except ourselves. The greediness and selfishless from our government finally pays back on the citizens. Even we stole the nature resources from the other countries, it didn't really help much. The only way to resolve this is to change our life style and make more saving. Although we keep printing money to boost our economy, our money must depreciate in one day. If we rely on the government to pay us, our debt will go to Japan, China and UK eventually.


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