乱弹美金新闻--Auto data, Construction spending, and Mr. Obama\'s econo

Construction spending falls less than expected, Let's see:

1. Construction spending dropped in November: 0.6 percent; economists expected: 1.3 percent
2. Housing construction falls: 4.2 percent
3. Nonresidential activity rises: 0.7 percent
4. Housing price: will contintue to slump after 2 years' struggle

Hehe, will nonresidential projects keep rising with the contract of retail industry? You konw how to explain those data in long term.

 

Here is all about Obama's economy plan. Where could he get money he wanted to use for stimulus? Money printers or Asian countries, let's see.

1. Tax cuts expected: $300 billion
2. Tax cuts per couple: $1000, $40 extra in twice monthly paychecks
3. Tax cuts for business: $100 billion
4. The overall package could reach: $800 billion

 

How about today's auto sales data? Here they are:

1. In December, US auto sales plunge: 36 percent
2. US annual sales: dropped by 2.9 million to 13.2 million from 2007, down 18 percent from 16.1 million Predicted sales in 2009: 10.3 million
3. In December 2008, Toyota Motor Corp.: down 37 percent; Honda Motor Co.: drop 35 percent; Ford Motor Co.: decline 32 percent; General Motor Corp.: slide 31 percent;Chrysler LLC:30 percent drop; Nissan Motor Co.: drop 31 percent
4. As to annual sales for 2008, Chrysler LLC: 53 percent fewer; Ford: 21 percent drop;
5. General Motors Corp: Sold 2.9 million last year, the fewest in 49 years