The Manchurian Teleprompter is Upbeat

[tt11758]

By Ann Coulter

Now that Barack Obama has gotten GM Chairman Rick Wagoner out of the way, he is confident that GM is on the way to unimaginable success. The government has given GM and Chrysler $65.1 billion in bailout money, which is only appropriate.

I mean, "millions" is so 90's...

To promote the sales of GM vehicles, Obama says it will be the government that will now stand by your GM car warranty. And the taxpayers all get a lube job. Your future GM owner's manual will come with a disclaimer: "Close enough for government work."

I don't know why everyone is so upset about the government taking over a major American car company. They've done a great job with social security. I mean, haven't they? Taking over GM and Chrysler is American as baseball, apple pie and Mussolini.   

But the Manchurian Teleprompter IS "UPBEAT ABOUT GM'S FUTURE" as a recent New York Times headline declared.

As soon as I read the headline, I rushed to the financial pages. There I learned GM had just been kicked off the Dow Jones Industrial Index. Yikes! Picture the New York Yankees playing so badly they were demoted to Little League status. 

That doesn't sound so good. Also, I discovered GM's share price was listed as N/A.  Not applicable. Sounds to me like -- "price so low it can't be measured."

Ah, but the Times says Team Obama has a plan. GM's new chairman, Barack Obama, has demanded that GM focus on more green technology. Another nice feature is that instead of an airbag, your GM car will come with a Joe Biden. Thank you, and drive safely...

So the plan is: The "New GM" is going to persuade presumably sane Americans that a bankrupt Detroit automaker run by union hacks and government bureaucrats will make little, dinky, green cars better and cheaper than Toyota, Nissan, and KIA already make little, dinky, green cars. 

Believe that? 

I have a better idea. Be really smart and follow the investing advice of someone who actually understands that America is a free-enterprise democracy... and knows how to protect your money while Team Obama tries to dismantle the greatest economic powerhouse in world history.

I refer to Mark Skousen, Ph.D., a man who for 29 years has helped subscribers to his Forecasts & Strategies newsletter build wealth -- through the crash of 1987, the boom years of the 1990s, the bursting of the Internet "bubble" in 2000, and the Crash of 2008. Dr. Skousen has seen it all, done it all, and witnessed what happened when a previous U.S. president tried his best to kill capitalism and wreck the country.

Back then the "Dismantler-in-Chief" was Jimmy Carter. In the 1970s, "Smilin' Jimmy" complained about our "inordinate fear of communism" -- and carried his own suit bag to show what a regular guy he was. He also gave us economic stagnation, hyperinflation, stock-market disintegration, and the contempt of the Soviet Union, Iran, and every other democracy-hating dictatorship on earth. 

Obama makes Carter look like Ronald Reagan. He's apologized for America to so many countries that the only ones left on the remorse-tour are Cuba and North Korea. (Wait for it!) Obama is spending so much, so fast, that the inflationary havoc he'll cause is going to make the Carter years look like a golden age. "Malaise" will be an improvement over what's coming. 

But not necessarily to you. Not when you have Dr. Mark Skousen advising you about what's going to happen to your money before it happens... and how to make certain your money is perfectly positioned to take advantage... or just escape the chaos.

Mark Skousen has helped his legions of investors build wealth through booms and busts, bubbles, and bubble-headed leadership. The latter is what we're being forced to endure now.  As always, many will suffer tremendously. Others will prosper. The good news: You can choose to be one of the winners.

Make the right choice. Choose the proven, expert guidance of Dr. Mark Skousen.  He's the Ph.D. for capitalists. Choose Forecasts & Strategies.

[twyacht]

GM sales were down 22% last quarter.

http://www.msnbc.msn.com/id/13687071/

updated 6:40 p.m. ET, Mon., July 3, 2006

DETROIT - Domestic automakers’ sales slid in June, lashed by higher gas prices and by tough comparisons with last summer’s discount-driven bonanza, the companies said on Monday.

Struggling General Motors Corp. got the worst beating; its sales plunged 25.7 percent last month.

But rising fuel costs were a boon to Toyota Motor Corp., which credited its fuel-efficient lineup for much of its 14.4 percent sales increase over June 2005. Honda Motor Co.’s U.S. sales were flat.


Good Luck to the teleprompter....

[Pathfinder]

I received a letter from the GM CEO the other day - for real - all but begging me as a GM owner (Olds Alero - long story) to consider another GM product as my next vehicle. I was going to anyhow, but not a new one. I will not buy a new anything, but most of all not from Gummint Motors.

I'm looking for a replacement for the Olds (losing the job kind slowed the hunt way way down) put in a quad cab pickup (F150/1500) for smaller SUV But it will not be new - I did learn a couple of things from Ramsey.

[Kid Shelleen]

I received a letter from the GM CEO the other day - for real - all but begging me as a GM owner (Olds Alero - long story) to consider another GM product as my next vehicle. I was going to anyhow, but not a new one. I will not buy a new anything, but most of all not from Gummint Motors.

I'm looking for a replacement for the Olds (losing the job kind slowed the hunt way way down) put in a quad cab pickup (F150/1500) for smaller SUV But it will not be new - I did learn a couple of things from Ramsey.

Got the same letter ('08 Acadia). I will continue to buy American. Just not sure which American auto maker. The lines get blurred with so many of the foreign companies manufacturing over here.

[tombogan03884]

 Got to wonder, between that asshat Gates in Boston, and this dipshit in Washington. Is this why they came here as farm equipment instead of farm owners ?

[Sponsor]

[runstowin]

Motorcycle sales are down also.

“When the economy turns sour, motorcycles are considered a luxury item, and people stop buying them, it seems,” notes Kurt Antonius, a spokesman for American Honda, whose motorcycle sales, like almost everyone else’s in the industry are off around 20 percent so far this year.

Harley-Davidson, which enjoyed two decades of record sales and earnings growth leading up to 2007, is the latest to feel the sting. Sales for the second quarter of 2008, which were announced Thursday, dropped by 23.3 percent from the same period last year (which was not a great quarter)

Cuba here we come.

[True_Texan]

Motorcycle sales are down also.

“When the economy turns sour, motorcycles are considered a luxury item, and people stop buying them, it seems,” notes Kurt Antonius, a spokesman for American Honda, whose motorcycle sales, like almost everyone else’s in the industry are off around 20 percent so far this year.

Harley-Davidson, which enjoyed two decades of record sales and earnings growth leading up to 2007, is the latest to feel the sting. Sales for the second quarter of 2008, which were announced Thursday, dropped by 23.3 percent from the same period last year (which was not a great quarter)

Cuba here we come.

Motorcycles, dirtbikes, ATVs, & UTVs sales are taking a hard hit for sure. Got a friend that are owns of a Kawasaki dealership and another buddy who owns a place that sells Suzuki, Polaris, KTM, and Yamaha. They aren't feeling too good right now. A lot of farmers, ranchers and hunters around here are the big buyers of ATVs and UTVs but those tend to last awhile so the dealers don't have to many revolving sales. Hope they can stay afloat with repair and part sales.