I have read on Freerepublic and elsewhere that GM’s “channel-stuffing” has greatly increased; that is, dealers are being forced to take more and more cars, so the figures look good, but the car lots are packed with unsold cars. I think that, like the unemployment figures from the BLS and the PPT operating in the stock market, what we are seeing is a thorough preparation for the election year. What most alarms me is not Obama himself but the number of Americans involved who are willing to support his administration by helping create and maintain what they must know are expedient fictions.
This is a good point. I didn’t click the link, but I’ll bet you the article mentions nothing about GM’s inventory.