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Please don't be fooled by the analysts who will come out and exclaim that today's auto sales indicate a recovery. The Cash For Clunkers program was responsible for a brief uptick in auto sales at the end of the month. Ford even admitted as much. In fact, most dealers where conducting pre-sales in anticipation of the program's commencement.
I don't agree that the Government should be using tax money to subsidize auto sales, but this is a one-time phenomenom that will hurt "organic" sales in the future.
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