GM Meeting the Production Goals of Comrade Obama

One of the oddities of the current “recovery” has been the performance of the manufacturing sector. One would suspect if the global economy was normal and the dollar dropped in value our exports would be increasing. Simple enough.

GM Vehicle Inventories from 2009 to present

But the world economy is not normal. China is suffering inflation woes from years of a mercantilism economic policies of exporting goods and services and importing cheap dollars. The Chinese Central Bank is reported to be leveraged 1233-1 making the 56-1 leveraging at the Federal Reserve seem downright prudish. Socialist Europe is a basket case set to implode similar to the USSR implosion in 1991. So where is all the GM production going to?
Just like the former USSR where production goals were more important than actually utilizing resources to increase utility consumption for the masses, GM seems to be copying the USSR model in meeting production goals but not selling anything. Inventories at GM dealers have increased 42.4% in the last two years from 438,000 to 623,666 cars sitting on dealer lots.
Funny, the Institute for Supply Management (ISM) Manufacturing: PMI Composite Index (NAPM), Index, Monthly, Seasonally Adjusted is up from 50.8 in October to 52.7 in November. I guess we know why now.