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Old 08-13-2009, 06:41 PM
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Join Date: Apr 2005
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Cars for clunkers hurts retail sales
Cars for clunkers hurts retail sales

As per CNBC:

Auto sales up 2.4%.
Retail sales down 8.4%

The consumer is now leveraged for future months as they have a car payment and higher insurance premium that they didn't have before.
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