? Cash for clunkers/ complete failure: Accordin
Post# of 65629
Posted On: 02/29/2016 8:40:40 PM
? Cash for clunkers/ complete failure:
According to the careful empirical analysis carried out by the three Texas A&M economists, it did not. Car sales went up during the program, but they went down by enough during the subsequent seven to nine months that the total number of vehicles sold within a year of the start of the program was not affected. And it gets worse than that: because of the environmental agenda embodied in some of the rules of the program, “folks” used their credits to buy smaller, cheaper cars. As a result, total spending on new cars actually went down in 2009-2010, at the height of the recession. The federal government spent $3 billion on Cash for Clunkers, and by doing so it reduced spending on new cars by, you guessed it, $3 billion . The program, which was somehow found to be consistent with the Obama doctrine of “don’t do stupid stuff,” cost both taxpayers and carmakers $3 billion. Staggering.
ref: http://www.usnews.com/opinion/economic-intell...-companies
....try thinking before speaking garbage.
According to the careful empirical analysis carried out by the three Texas A&M economists, it did not. Car sales went up during the program, but they went down by enough during the subsequent seven to nine months that the total number of vehicles sold within a year of the start of the program was not affected. And it gets worse than that: because of the environmental agenda embodied in some of the rules of the program, “folks” used their credits to buy smaller, cheaper cars. As a result, total spending on new cars actually went down in 2009-2010, at the height of the recession. The federal government spent $3 billion on Cash for Clunkers, and by doing so it reduced spending on new cars by, you guessed it, $3 billion . The program, which was somehow found to be consistent with the Obama doctrine of “don’t do stupid stuff,” cost both taxpayers and carmakers $3 billion. Staggering.
ref: http://www.usnews.com/opinion/economic-intell...-companies
....try thinking before speaking garbage.
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