General Motors posted Wednesday a 22 percent global sales drop from a year earlier for the first six months of 2009 amid the economic slowdown and the automaker's slide into bankruptcy.
GM said its global first-half sales, which include brands the automaker is trimming from its lineup, fell 21.8 percent to 3.55 million vehicles. The automaker's sales in the second quarter fell 15.4 percent to 1.94 million vehicles.
There's that consumer confidence thing again. Funny how it always seems to show up at a time you least expect it and in a way you don't really want it to.
Get ready, because the people who will answer for this are going to demonize the consumer for not having pride in one's country. They are going to turn to Rush Limbaugh and blame him for Americans secretly wishing for America to fail, so that it looks bad on Obama.
The real truth is quite different.
People know how ineffective and incompetent the government is and they cannot be sure that GM will be around forever. If they do continue to exist, it will be GM run like the VA. When people buy cars, they must assured they will be able to get service. Plainly, it looks like they are not sure about GM.
How's that stimulus working again?