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Oops: "Pulled Forward" Demand Really IS False!

• The Market Ticker
 Disaster eh?

But but but I thought all those "cash for clunkers" buyers were people who wouldn't have bought a car otherwise?

Looks like that was a load of BS out of the administration.... just like all the other so-called "stimulus" programs.

Just another example of pulling forward demand, which works exactly once per application, but then leaves a gaping, sucking hole where demand would have been in the subsequent months.

All this faux "demand" being generated by the so-called "stimulus" is just doing more damage to the economy - damage that is accruing and will come to the surface with devastating effect.

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