Friday, October 2, 2009

Auto sales crash

Adjusted September Sales vs. Estimates

  • GM sales fell 47 percent compared to the 44 percent decline projected by analysts.
  • Ford sales fell 8.9 percent compared to the 5 percent decline projected by analysts.
  • Chrysler sales fell 8.9 percent, matching the average analyst estimates.
  • Nissan sales fell 11 percent compared to the 7.1 percent decline projected by analysts.
  • Honda sales fell 23 percent, compared to the 13 percent decline projected by analysts.
  • Toyota sales fell 16 percent compared to the 13 percent decline projected by analysts.
  • Hyundai bucked the industry slide with a 27 percent increase.
Time for another cash for clunkers program, right? Doesn't anybody in power understand basic economics anymore? Or is the actual goal to bankrupt the country and turn us all into serfs living off meager government handouts? That couldn't be it, could it?

Tuesday, September 29, 2009

Time to kill the monster.

I was born in 1964 when federal governments expenditures were about $118 billion dollars. At that time the federal debt was about 316 billion dollars. The population of the country was about 192 million. Today(9/29/09) we have a population of 304 million or an increase of roughly 50%. So what is our budget and our debt?
Our debt is over 12 trillion, not counting the huge liabilities of social security and medicare/medicaid(over 50 trillion). Our budget is now over 3.6 trillion. So let's do some math:
1964 budget was roughly $614 per American and the debt was about $1654 per American.
2009 budget is roughly $11,842 per American and the debt is about $39,473 per American. (2016 update- 2015 budget was 3.8 trillion and national debt is 19.2 trillion!)
That is one heck of an increase. A 50% rise in the population has led to over a 1900% increase in the budget and an increase in the debt of almost 2400%.
Now who has been in power over those 45 years? Only two parties- the rethuglicans and the demorats. Both have controlled the entire government during that period and the results of their control are clear. Neither party has done anything to limit the scope and size of government. The budget has skyrocketed on a percentage basis as has the debt and the deficit. Clearly any talk of reducing government has been a complete and total lie. Instead, both gangs have steadily, methodically and consistently grown government regardless of all their rhetoric.

I wonder how many Americans thought government was to small and that they were under-taxed in 1964?

Voting has not made any difference in containing the beast or reducing its appetite. Only way to kill this two-headed beast is to stop voting for it and to starve it by cutting off it's main source of funding: taxation, the fed and the treasury. END the fed.