Its has boosted the sales of new, more fuel efficient cars. Many who would have purchased used vehicles bought new instead because of this program.
The cars are being distroyed to remove them from the used market. They are the most inefficient fuel guzzlers and now they will be scrap metal for sale instead of chugging away on the streets for years to come.
Car manufacturers, sales and the scrap metal market is boosted by this program. The number one selling vehicle is the Ford Focus. I have two of these cars and they are a great little car.
This program is a success no matter how many cons want to pretend it isnt.
Yo...wake up, have your diaper changed, and then smell the coffee.
Number one.....Ford Focus was the number one AMERICAN made car that was sold during this farce of a program....not the number one car. It barely cracked the top 10...and was the ONLY American car in the top ten.
Number two.....Exactly what person who would normally buy a used car by trading in a used car could afford to buy a new car during a recession? Ya know...you need either lots of cash or solid credit to buy a new car...even WITH the 4500 trade in. Anyone who got a new car through this program was not looking for a used car.
Number three....anyone who bought a car during this program, would have bought it WITHOUT the program....but would have bought them over the next several months...Instead, it was all crammed inot one month.
Finally...and as I said yesterday....stimulus MUST nclude growth or it is simply maintaining the staus quo of which will decline when the stimulus dries up.
Example.....
If I knock down a house that is structurally sound and in great shape....and rebuild it using tax payer money...I will have created dozens of jobs...those that knock down the house and those that build the new house...I would have created plenty of sales of construction materials....it would INCREASE the "new homes built" number....but created exactly ZERO growth.
So think about it...I know it is early..but try to apply logic here:
EMPLOYMENT INCREASES
SALES OF BUILDING MATERIALS INCREASES
NEW HOME CONSTRUCTION INCREASES
GROWTH DOES NOT CHANGE ONE IOTA
So....a year from now, people are still unemployed, there is no demand for materials, there is no increase in home inventory....BUT ON PAPAR OBAMA SAYS......LOOKY WHAT I DID WITH THE STIMULUS MONEY!
Why do you think he wants another stimulus? So he can fool morons like you that do not see the forest through the trees.
By the way...why not simply knopck down ALL of the houses in AMerica and rebuild them. THTA would keep EVERYONE employed for years?
It is a charade and you are debating in favor of it...and too naive to see what it is REALLY all about.
Obama counts on people being as naive as you are.