15
Nov
10

it’s all bad news! really?

MSNBC: A GM success story? The biggest political story that few are talking about right now? GM’s initial public stock offering, which is set for this Thursday. Looks like it’s going to be a big success and a case where the government may just make money on this deal. This has the potential of being a very good story for the Obama White House, as well as a success of government intervention. Where would the unemployment rate be in Michigan, Indiana, Illinois, Wisconsin and Ohio if GM not gotten major government assistance?

AFP: US retail sales rose faster than expected in October, official figures showed Monday, with the auto sector leading the way.
Retail and food services rose 1.2% from September … that was much better than the 0.7% increase expected by economists.

Auto and other motor vehicle dealers saw business grow 5.7%, more than any other sector. Top US carmakers had earlier reported strong sales in October.

GM, the nation’s largest automaker, said its sales in the United States in October were up 3.5% from a year ago.
Ford, the second-biggest automaker and the only one that did not take government aid during the 2008-2009 financial crisis, reported October sales were up 19%

Chrysler, which was also saved from ruin by a government bailout, said its car sales rose a strong 37% in October compared with a year earlier, marking the seventh consecutive month of increases.


2 Responses to “it’s all bad news! really?”


  1. 1 Kelly
    November 15, 2010 at 5:05 pm

    More amazing accomplishments by President Obama that will be swept under the rug by MSM, concern trolled by “progressives”, and lastly Teapulicans will be crickets. We are lucky to have a pragmatic President during these hard times, too bad America refuses to accept how great a job this man is doing for us. Best President ever!


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