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Pretty good demonstration of the stimulus money stimulating the economy, isn't it?From your link.
It is a little scary thinking of all the dying people coming out of the wood work to be cured if they can actually afford health care in the near future.
This is not a fix ... its a freaking band aid.
If the free money from the gov err I mean us wasnt there these people wouldn't be purchasing a new vehicle. Id like to see WHO all purchased one ... that'd be interesting.
Running out of money for BO's programs will be a popular theme in the days ahead.
The plan worked to serve two purposes:
1 to stimulate new car sales; and
2. to get people out of gas guzzling clukers and into more efficient cars.
Is it working?
I don't know.
What do the car sales look like, and how many gas guzzlers have been traded in to take advantage of this program?
Anyone actually have any figures on this?
Absolutely right.
The theoretical aspect of the program worked correctly.
It was expected to do what it did: encourage the pruchases, and, essentially be a 'targeted tax refund.'
Now, I would have liked to see the Dems support an across the board cut, but Dems like to use the money to make sure that folks do what the Dems want them to do. It worked this time.
Even in times like these, there are approximately 1 million sales per month, so the cash-back was expected to stimulate about one weeks buys. It did.
Now, if I were in charge, I would have done this and the same for homes instead of the Stimulus Pkg, but at this point I would continue the program.
He most likely has already been paid.
I was messing.
The plan worked to serve two purposes:
1 to stimulate new car sales; and
2. to get people out of gas guzzling clukers and into more efficient cars.
Is it working?
I don't know.
What do the car sales look like, and how many gas guzzlers have been traded in to take advantage of this program?
Anyone actually have any figures on this?
Absolutely right.
The theoretical aspect of the program worked correctly.
It was expected to do what it did: encourage the pruchases, and, essentially be a 'targeted tax refund.'
Now, I would have liked to see the Dems support an across the board cut, but Dems like to use the money to make sure that folks do what the Dems want them to do. It worked this time.
Even in times like these, there are approximately 1 million sales per month, so the cash-back was expected to stimulate about one weeks buys. It did.
Now, if I were in charge, I would have done this and the same for homes instead of the Stimulus Pkg, but at this point I would continue the program.
To what extent did the program increase overall new car sales as opposed to just influencing choices about which car to buy? To the extent it was the latter, when the program finally ends for good, will consumers make other choices and the factories have to retool, involving layoffs, in order to meet demand for these other choices? Will these layoffs and the cost of retooling mean the net economic effect of this program will be negative?
In a broader economic context, if this program did lead to increased new car sales, then the money spent on new cars was not spent elsewhere, as it would have been without the program, so when we balance the positive effect on the auto industry of increased new car sales against the negative effects on those segments of the economy consumer spending was diverted from by this program, was the net economic effect positive or negative?
The program is popular so it has political value, but it is unclear that it had a net positive effect on our economy. As for getting more efficient cars on the road, that would have happened anyway as people naturally traded in their older cars for newer ones, so this program may have speeded up this process, but by how much and at what cost? To the extent the purpose was to stimulate the economy, a tax rebate would have done at least as well and without distorting markets in ways that may lead to higher costs for retooling factories and more layoffs when the program ends.
~EZPretty good demonstration of the stimulus money stimulating the economy, isn't it?From your link.
It is a little scary thinking of all the dying people coming out of the wood work to be cured if they can actually afford health care in the near future.
This is not a fix ... its a freaking band aid.
If the free money from the gov err I mean us wasnt there these people wouldn't be purchasing a new vehicle. Id like to see WHO all purchased one ... that'd be interesting.
Here is what happened the government actually found a plan that worked. The benefit went right to the consumer and let the private sector work. But unlike all the other overpriced and ineffective government programs this one was under-funded! In 2 weeks in worked so well they spend all the money for it that set aside for 6 months! Amazing!
Here is what happened the government actually found a plan that worked. The benefit went right to the consumer and let the private sector work. But unlike all the other overpriced and ineffective government programs this one was under-funded! In 2 weeks in worked so well they spend all the money for it that set aside for 6 months! Amazing!
Exactly they didn't run this, they let the private sector run it and the people decide if they wanted to use it or not.
They should use cash for clunkers as a model for health care reform.
Here is what happened the government actually found a plan that worked. The benefit went right to the consumer and let the private sector work. But unlike all the other overpriced and ineffective government programs this one was under-funded! In 2 weeks in worked so well they spend all the money for it that set aside for 6 months! Amazing!
Exactly they didn't run this, they let the private sector run it and the people decide if they wanted to use it or not.
They should use cash for clunkers as a model for health care reform.
nah....that was basicly mccains plan....
The House voted Friday to transfer $2 billion in emergency funding from the economic stimulus plan to the "cash for clunkers" program, ensuring it has sufficient funds to continue.
The move follows a scramble Thursday after it emerged that the initial $1 billion allocated to the clunkers program may have been close to exhausted after just one week. The legislation would shift $2 billion from the $787 billion stimulus plan to the program.
Cash for Clunkers clearly wasn't a success. How could anyone consider a foolish program that ran out of funding a success? Not to mention how it subverts market forces.
At any rate, the Clunkers program isn't going anywhere.
The House voted Friday to transfer $2 billion in emergency funding from the economic stimulus plan to the "cash for clunkers" program, ensuring it has sufficient funds to continue.
The move follows a scramble Thursday after it emerged that the initial $1 billion allocated to the clunkers program may have been close to exhausted after just one week. The legislation would shift $2 billion from the $787 billion stimulus plan to the program.
House Votes to Extend 'Clunkers' Program - WSJ.com
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You guys are priceless.
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You guys are priceless.
