re: #634 avanti
Set a car sales record for July, cleaned out 4-6 weeks of inventory and probably gave us the first monthly retail sales increase in over a year. (numbers out tomorrow.) The stock market is up 50% from it’s lows. and may go higher.
That is wonderful news - it really is. But you and I paid for this. Are you certain all of those people are going to afford those new car loans?
$3 billion taxpayer dollars.
Did cars for clunkers benefit GM and Chrysler? How did Honda and Toyota make out? I’m thinking we just helped nail the lid on GM.