- ***SIGTARP report on auto bailout is the crazy aunt in the attic if she exists at all:
- "Demand from customers remains near a historic low.
- the lowest since records began in 1967,
- Cheery headline invites consumers to think things are looking up:
- For many over-burdened Americans, a glance of the headline is all they will get to see about a story. They will remember "sales to 2 year high" although it means nothing positive about overall car sales or the US economy.
- "U.S. auto retailers may post the highest sales in almost two years after General Motors Co. and Chrysler Group LLC closed thousands of smaller dealerships."...
- "U.S. President Barack Obama’s administration pushed to speed up the GM and Chrysler dealership closings, which may have
- “Such dramatic and accelerated dealership closings may not have been necessary
and underscores the need for Treasury to tread very carefully when considering such decisions in the future,” Barofsky said."
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