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Well it's confusing because
-consumer confidence is down
-consumer spending is down
-job losses are up
-bankruptcies are up
-foreclosures are up
And here people are flocking to dealers and buying new cars and taking out loans so much so they had to suspend and then add more money.
Such mixed signals to ponder
The free market is being distorted by government handouts, keeping asset prices artificially inflated. Wait until the last of this money dries up with nothing further in sight.
Well it's confusing because
-consumer confidence is down
-consumer spending is down
-job losses are up
-bankruptcies are up
-foreclosures are up
And here people are flocking to dealers and buying new cars and taking out loans so much so they had to suspend and then add more money.
Such mixed signals to ponder
Very mixed signals. It makes me wonder if part of the recession is media fear driven. Don't get me wrong. I know our country is in dire straits. But even the people with buying power have been programmed not to spend. The good news is the rate of personal savings has gone up.
The Liberals definition of Success.......Federal government giving individuals money so they can buy a new car from car manufactures that the federal government has given money to, so they can sell cars to people who have gotten money from the federal government.
if you look at the figures, the program has not been a success. Automakers report July sales on Aug. 3. The results will show the industry suffered its 21st consecutive month of declines.
July sales show sales for the whole month; the CARS program has been running for a week or less. A more objective and honest assessment of the program's effectiveness during the days it has been in operation would be to compare auto sales figures week to week for July. But looking at July sales figures to determine if a program that was only in effect for a small part of July is something that just doesn't make any sense.
Quote:
Originally Posted by floridasandy
the democrats are trying to pump more taxpayer money into a program that isn't even working!
"has not been a success."
"isn't even working."
The program was suspended - briefly - because so many people turned in their "clunkers" and bought new cars. By any measure, the program so far has been SO successful that there were fears that the initial $1 billion had already been used.
if you look at the figures, the program has not been a success. Automakers report July sales on Aug. 3. The results will show the industry suffered its 21st consecutive month of declines. Rising sales because of the U.S. trade-in incentives may indicate only a rush to take advantage of the cash, not an industry recovery, David Leiker, a Robert W. Baird & Co. analyst in Milwaukee, wrote in a July 27 note.
You are out of your mind. Walser Auto Group (Twin Cities) was just on the news saying they sold 500 cars in a week. They usually do that type of volume in a month. Success in the auto business is relative to expectations.
Just think of all the quality "used" cars that will never hit the market.
Never thought of that from that angle. You are correct.
While they call it "clunker" in the program it was really geared more towards fuel consumption.
Just think of all the quality "used" cars that will never hit the market.
You are exactly right, common sense and good judgement would tell you to buy a good used car, instead the government is coercing and rewarding people to get into deeper debt for something they probably dont need .hmmmmmm..sound familiar.
Why do you say it is not working? Many people have traded in their older cars for newer ones which not only puts people to work (sales, car makers, etc) but it get cash flowing.
if it was to help the american carmakers, it should have been limited to american cars. if you think about it, this is another program to help the bankers. first of all, it isn't selling GM cars since their sales are down and the only car sales that are up are hyundai.
more importantly, the taxpayers are taking out, in essence, a loan to lend this program money since it did not come from any actual savings. therefore, the taxpayers have to pay back this borrowed money for people to buy the cars, and the people buying the cars have to pay money with interest for the cars. that creates a whole lot of interest payment debt, but very little in terms of actual job creation. what is does do is pile another debt layer onto a country which is struggling to get out of debt.
Last edited by floridasandy; 07-31-2009 at 07:12 PM..
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