Cash for clunkers, ditch the rust wagon and dash for glitz
I don’t pretend to be an economist, and nor a politician. But this cash for clunkers program where the government subsidizes you buying a new car, just doesn’t make sense to me. I mean, I know that they are trying to boost car sales and keep the car industry going, so that manufacturing and sales continue and people keep their jobs. Sure that makes sense to me. And to consumers it looks like good deal that you wouldn’t want to miss.
But isn’t this just another way of propping up an inefficient industry with money that we don’t have? Aren’t we just getting deeper and deeper into trouble? Surely the money has to come from somewhere, will they start taxing us more now?
I realize that if the government does nothing, then the GDP will shrink further, people will lose jobs, less will be spent and the whole thing becomes a vicious circle. So they try and stimulate the economy by pouring money in and making credit available, making it attractive to buyers and keeping companies afloat. But shouldn’t these companies also try and improve and innovate to get themselves out of trouble.
Are we really in a free market still? Or is it owned and controlled by government? I just don’t get it anymore?
September 4th, 2009 at 4:27 am
The new cars are more efficient and use less fuel.. get it?
September 7th, 2009 at 9:07 pm
I came here for poker not politics.
September 11th, 2009 at 4:20 am
Ok Ted, we’ll get back to the poker. Sorry I just couldn’t help myself that day, I felt I had to write about it, because I just dont get it.
Mike
October 28th, 2009 at 11:41 am
New cars are more efficient and use less fuel, and are mostly from FOREIGN markets. That, along with everything else that Mike said about it all, is the problem. Let it fix itself, don’t give people free money and expect them to buy cars that we ‘cant afford,’ like Mike said.
December 3rd, 2009 at 5:02 am
Yeah I agree with you Imbaki, I’m sure if the market was left alone it would fix itself. Maybe we’ll see a complete turnaround in technology, who knows?