Bloomberg reports that the US economy is set to emerge from the worst recession since the 1930’s as soon as this quarter.  Pending the extra 2 billion to fund Cash for Clunkers is voted in.

Mike Digiovanni, sales analyst for General Motors Co., said “If the cash-for-clunkers program is extended by the additional $2 billion that passes the Senate, it could boost third-quarter GDP by 0.5 percentage points,”

Many other analysts have stated that if CFC gets the extra 2 billion in funding, you will see sales levels as high as they were before the recession, and that not only helps the car companies but the multiple layers of suppliers too.

I guess we will have to see if Clunkers makes it past this Friday.

• Report: Global auto industry getting better
• Ford boosting sales goals as they see the recession ending
• Chrysler: “Cash For Clunkers brings in most business in 2 years”