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It is my opinion that we're spending our way toward putting off the inevitable economic crash and eventual value reset on items from autos to houses to gasoline to bread....
I'm not really here to champion big spending, nor am I going to discount it until it's an obvious failure.... All I know is we'd BEEN spending big on out of country concerns. NOW we're spending on OUR country's concerns.
I'm willing to give it a chance. Fiscal irresponsibility? Well, as I recall there's been only one President who balanced the budget in my lifetime and he wasn't a Republican. So I'm going to give the Dems a chance before I b***h and moan about their policies.
Riiiight... car sales had been so brisk before C for C - no problem there.
So you're suggesting that flooding the used car market with all of the trade-ins will somehow help used car dealers?
(Not to mention it puts a bunch of vehicles with crappy gas mileage BACK on the road..... Keep missing that there's a dual purpose with this program... )
Well, we'll see.... Again, the Dems have actually been the more fiscally responsible party in MY lifetime, so I'm willing to wait it out and see what happens..... I'm certain that the Republicans don't deserve a shot at fiscal responsibility after the last eight years, so hey..... Let's give this a shot... Rather than demonizing the implementation, I'll judge them by the results.
How did that work out for the mortgage and financial industries? You know... the subprime crisis that shook the economy to its core, not to mention the impending CRE, Option ARM, and Alt-A toxic loan crisis replay?
Tell me you see a difference between $250/mo. and $1500/mo. Please, please tell me you see a difference.
Then tell me how a $3 billion (if passed by Congress) program can cause a crisis?
Well, we'll see.... Again, the Dems have actually been the more fiscally responsible party in MY lifetime, so I'm willing to wait it out and see what happens..... I'm certain that the Republicans don't deserve a shot at fiscal responsibility after the last eight years, so hey..... Let's give this a shot... Rather than demonizing the implementation, I'll judge them by the results.
Well, Your life must have already ended because the deficit has ballooned under the Dem-led Congress since 2007, and then absolutely explodes under Obama plus a Dem-led Congress.
Tell me you see a difference between $250/mo. and $1500/mo. Please, please tell me you see a difference.
Please tell me you're not suggesting that people buying new cars because of CFC and taking on additional loan payments have no mortgage payments or don't pay rent.
Quote:
Then tell me how a $3 billion (if passed by Congress) program can cause a crisis?
Hello? Additional debt? Or did you think the new cars were free after the CFC incentive was paid?
well, we'll see.... Again, the dems have actually been the more fiscally responsible party in my lifetime, so i'm willing to wait it out and see what happens..... I'm certain that the republicans don't deserve a shot at fiscal responsibility after the last eight years, so hey..... Let's give this a shot... Rather than demonizing the implementation, i'll judge them by the results.
Well, Your life must have already ended because the deficit has ballooned under the Dem-led Congress since 2007, and then absolutely explodes under Obama plus a Dem-led Congress.
Let's see...... Massive defecit cause by picking fights in the Middle East.
-NOT a good reason to increase National Debt by $5 Trillion.
Saving the economy from complete collapse into depression?
-GOOD reason to increase National Debt by Trillions, IF IT WORKS.
My logic is sound. You just wish to jump up and down and claim that nothing Obama is doing or trying is working and I'm not.... If it doesn't work (which again, I don't think it ultimately will) then it was a bad idea.... I get that.
Does this offer support for the position that the best way to stimulate the economy would be to give the money back to the taxpayers versus running it through the government process?
Does it demonstrate that the government's ability to run programs effectively is poor and that there are unintended consequences?
Discuss...
This is the one incentive program, along with the the $8,000 dollar give away for first time home buyers, that are working, along with . Government spending on make-work projects is slow, cumbersome and not very effective.
What is not in keeping with conservative values is the government deciding what the people can use their money to buy. They cannot buy a car that will benefit their family, they must buy a government approved car.
But why is the government just giving away money to buy cars? Is it because 0bama is realizing that he needs to increase the profits for government owned GM and Chrysler? It might look bad politically if GM and Chrysler were to not make a profit.
And did you hear who 0bama is bringing in to handle the logistics of this program, its CitiGroup. Hmmm, 0bama owns GM and Chrysler, and owns a controlling interest in CitiGroup. I smell government looking after government, and not so much because they have the welfare of the people at heart.
If we took one conservative congressman's idea, and used the already passed $787 billion stimulus, and instead given the American taxpayers a certain percentage of their income tax as a holiday for a year, then people might have an extra $500 a month extra, which might be enough to keep them in their homes, so Bonny Fwank would not need to be talking about a another home mortgage rescue plan. It might also stimulate all markets accross the spectrum, and not just prop up the government owned car industry.
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