Friday, August 29, 2008
US GDP mirage
Go Back to Bed! Everything is Fine. Goldilocks is Back!
Think of it like this: It was all just a bad dream....
Posted by sandybeach @ 01:46 PM (609 views)
One thought on “US GDP mirage”
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alan says:
“…the Auto industry is on the floor”.
Yes, but good ol’ Nancy Pelosi is planning to let the Auto industry borrow $25bn at the cheap rate of 4.5% (vote awaited). This is supposed to encourage investment in fuel efficient engines . The real reason – It will also stop Chrysler & Delphi (GM parts maker) from failing in election year.
It just delays the inevitable. Meanwhile, anyone want to buy a Hummer production line?