'we're Out Of Money'

[rabot10]

This has got to be a set up for a Tax hike.


"In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."

C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president."




http://drudgereport.com/flashocs.htm

Things keep getting weirder by the day he told the truth.

rick

[metalman]

Re: 'we're Out Of Money'

This has got to be a set up for a Tax hike.


"In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."

C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president."




http://drudgereport.com/flashocs.htm

Things keep getting weirder by the day he told the truth.

rick

what's obama smoking? fire econ weed?

OBAMA: Well, my hope is, is that we will see both GM and Chrysler having emerged from this restructuring process leaner, meaner, more competitive with a set of product lines that appeal to consumers, good cars that are fuel efficient and that look at the markets of tomorrow.

Keep in mind what's happened in the auto industry. Right now, we're seeing – we're projecting that maybe this year the auto industry as a whole sells 10 million cars in the United States. Well, replacement numbers for the auto industry, you know, that the number of cars to replace cars on the road is closer to 14, 15, 16 million. And what that means is when the economy recovers and consumers say, you know the old clunker has finally given out. I need to get a new car.

that's not what these guys say...

FEATURE: Auto industry faces age of austerity (2)

Schuster concludes by saying that we are seeing, to some extent, a permanent correction in North America. There will not, he says, be a return to the high growth environment of a few years ago when the market lapped up pushed out vehicles that could be absorbed on ever faster replacement cycles. Future growth will be based on natural replacement rather than pushed fleet sales and smaller cars will continue to grow as large trucks decline, he says.

full transcript of obama...