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The buying spree is good for the car companies, if only for the short term and for certain car models. It’s good, too, for folks who’ve been sitting on an older car or truck but weren’t sure they had the cash to trade it in for something new. Now they get a taxpayer subsidy of up to $4,500, which on some models can be 25% of the purchase price. It’s hardly surprising that Peter is willing to use a donation from his neighbor Paul, midwifed by Uncle Sugar, to class up his driveway.
On the other hand, this is crackpot economics. The subsidy won’t add to net national wealth, since it merely transfers money to one taxpayer’s pocket from someone else’s, and merely pays that taxpayer to destroy a perfectly serviceable asset in return for something he might have bought anyway. By this logic, everyone should burn the sofa and dining room set and refurnish the homestead every couple of years.
It isn’t clear this will even lead to more auto production over time, since the clunker cash may simply cause buyers to move their purchases forward. GDP will get a fillip in the third and perhaps fourth quarters, which will please the Obama Administration.
I was expecting somebody to be proposing ideas for stimulating our economy and clean up the environment but as usual, just hating.
I'd like $10K towards solar panels and solar water heating.
Sounds like alot but going solar these days is expensive. This would also jumpstart the RIGHT industries.
Passing students who don't deserve it would stimulate the economy, as the fake A's they'd be getting would help to graduate more students with higher GPAs, helping to drive up the quality of workers.
Yes, why would anyone HATE wasting a billion dollars?
Where is the waste in this program? Please explain.
Quote:
Originally Posted by HappyTexan
I'd like $10K towards solar panels and solar water heating.
Sounds like alot but going solar these days is expensive. This would also jumpstart the RIGHT industries.
Let your Congressman know..Try talking to him/her before shouting "just say no"..You might actually make progress.
I don't see why we should be limited to a $4,500 subsidy. I mean, honestly, I'm sure that our government can print up money as fast as the demand grows!
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