Even More Reasons to Whine
The Big Picture offers a nice rundown of all the gloomy auto sales news today. Note that nearly all the major car manufacturers made the list of companies suffering dramatic sales declines. GM even offered employee-discounts-for-everyone deals — and their sales still fell 20 percent.
If that weren’t bad enough on its own, the Federal Reserve came out today with a report showing that, by almost all measures, the economy is slowing.
Conservatives are criticizing the Democrats for painting what they consider to be a too depressing picture of the economy. Tonight, and for the next few days, Republicans will take their turn at touching on economic issues. With the auto sector in free fall, bankruptcies on the rise and a credit squeeze claiming more companies and jobs, it will be interesting to see how they spin all this.