Thursday, June 04, 2009

What recovery?

OK so one debunker says - severe recession is over, we are in economic recovery now. Hey, my reply is - remember GM appears to do well in 2006, but by 2008 only the fools still believe it will survive? Well, even dumber are the debunkers who waited until GM declares bankruptcy to then do a debunker flipflop and claim they always knew it would go under.

Toyota which makes the high quality energy efficient prius says that in May 2009 they sold 152,583 cars versus 257,406 a year ago back in may 2008. Things in 2008 were so bad that GM had gigantic losses, well they are even worse now. It is estimated that by the end of 2009 US gov will have spent 80 billion trying to bail out GM. If we were in an economic recovery you would expect sales of 300,000 cars instead of 150,000 cars.

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