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?
8 comments:
"consumer confidence" when a president's constantly telling us how bad things are?
Ya, somehow they'll blame Rush..Bush must be on vacation!
Go figger, huh? Meanwhile, Ford (having refused government takeover) is reporting profits.
Wow. Imagine that.
And now we want the government to take over health care too?
Honestly, are we a nation of imbeciles?
I've heard a lot of people say they will never buy a GM or Chrysler again after the bailouts.
//"consumer confidence" when a president's constantly telling us how bad things are?//
Good old Saul Alinsky teachings once again come to pass. Generate a crisis, to maintain control over the people.
//Honestly, are we a nation of imbeciles?//
As you know sir, you and I (and most of our readers) voted for the other idiot, the one that would have ruined the country slower. But 52% of the American people proved that they qualified for imbecile status.
With what we know about the erosion of American culture, can we really say we are surprised?
//I've heard a lot of people say they will never buy a GM or Chrysler again after the bailouts.//
I would never say never, but my wife and I just got her a Honda. We traded in a Dodge for it. I have a Dodge Ram that's three years old. But when it's time for me to trade, I may go Toyota.
I've been a GM guy for a long time but not sure I can ever pull the trigger again. Just hearing some of the recent commercials triggered a gag reflex.
//Just hearing some of the recent commercials triggered a gag reflex.//
Pitiful, wasn't it?
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