Cash For Clunkers Conspiracy?

[spidey07]

Originally posted by: waggy


you say it as if you know for sure. wich you can not. i guess the only way is to see what happens in auto sales the next year.

Waggy, the auto industry and manufacturers agree with your assessment. It's a cyclical business that's why they use SAAR numbers to measure success.

 

[sandorski]

Originally posted by: waggy

Originally posted by: sandorski

Originally posted by: waggy

Originally posted by: YoungGun21

Originally posted by: waggy

Originally posted by: YoungGun21
The whole idea for C4C was to get people spending money to keep the economy flowing. Car manufacturers make money, quit cutting jobs, and keep producing cars. They needed the most help. They got it.

Without this program the economy just keeps sliding into a hole. This atleast helped stall it.

sure that was the idea (well thats what was sold to us) but thats not what really happened. i really doubt many of the new car sales were really new and not just speed up sales that were going to happen anyay. the next 6-8 months of car sales should be interesting to see.

Of course that's what it did. You really think people were going to buy cars with all the media spreading crap about the industry? No chance. This got people spending money, which keeps the economy flowing, which keeps us out of a depression.

you really think those are new car sales and it kept the economy flowing? all it did is change the time table. Most of those people were going to buy a new car. either now or in the next few m onths. all it did is s hift the time.

so the next year's car sales rates are going to be interesting to watch. IF this was goign to keep teh economyh flowing and out of the depression all it did is stall it for a few months. it really did nothing else.

You keep saying that as if it were True. It is not.

you say it as if you know for sure. wich you can not. i guess the only way is to see what happens in auto sales the next year.

Neither can you. Stalemate.

 

[waggy]

Originally posted by: sandorski

Originally posted by: waggy

Originally posted by: sandorski

Originally posted by: waggy

Originally posted by: YoungGun21

Originally posted by: waggy

Originally posted by: YoungGun21
The whole idea for C4C was to get people spending money to keep the economy flowing. Car manufacturers make money, quit cutting jobs, and keep producing cars. They needed the most help. They got it.

Without this program the economy just keeps sliding into a hole. This atleast helped stall it.

sure that was the idea (well thats what was sold to us) but thats not what really happened. i really doubt many of the new car sales were really new and not just speed up sales that were going to happen anyay. the next 6-8 months of car sales should be interesting to see.

Of course that's what it did. You really think people were going to buy cars with all the media spreading crap about the industry? No chance. This got people spending money, which keeps the economy flowing, which keeps us out of a depression.

you really think those are new car sales and it kept the economy flowing? all it did is change the time table. Most of those people were going to buy a new car. either now or in the next few m onths. all it did is s hift the time.

so the next year's car sales rates are going to be interesting to watch. IF this was goign to keep teh economyh flowing and out of the depression all it did is stall it for a few months. it really did nothing else.

You keep saying that as if it were True. It is not.

you say it as if you know for sure. wich you can not. i guess the only way is to see what happens in auto sales the next year.

Neither can you. Stalemate.

wich is why i have said (you have seemed to miss it so i will say it again) the next year's car sales are going to be interesting to see.

 

[ElFenix]

as i said in the other thread where this was already posted and discussed, the blogger doesn't like to the edmunds data and the only thing on edmunds about which cars were sold during C4C was from a month ago. the mix very well could have changed after the first billion ran out.

 

[Patranus]

If the entire point is to promote energy efficient cars (that was the point...right...or was it to stimulate the economy? I get confused when they keep changing the story) than it is very important to track AWD and RWD cars as different "types" of cars.

 

[b0mbrman]

Originally posted by: sandorski

Originally posted by: waggy

Originally posted by: sandorski

Originally posted by: waggy

Originally posted by: YoungGun21

Originally posted by: waggy

Originally posted by: YoungGun21
The whole idea for C4C was to get people spending money to keep the economy flowing. Car manufacturers make money, quit cutting jobs, and keep producing cars. They needed the most help. They got it.

Without this program the economy just keeps sliding into a hole. This atleast helped stall it.

sure that was the idea (well thats what was sold to us) but thats not what really happened. i really doubt many of the new car sales were really new and not just speed up sales that were going to happen anyay. the next 6-8 months of car sales should be interesting to see.

Of course that's what it did. You really think people were going to buy cars with all the media spreading crap about the industry? No chance. This got people spending money, which keeps the economy flowing, which keeps us out of a depression.

you really think those are new car sales and it kept the economy flowing? all it did is change the time table. Most of those people were going to buy a new car. either now or in the next few m onths. all it did is s hift the time.

so the next year's car sales rates are going to be interesting to watch. IF this was goign to keep teh economyh flowing and out of the depression all it did is stall it for a few months. it really did nothing else.

You keep saying that as if it were True. It is not.

you say it as if you know for sure. wich you can not. i guess the only way is to see what happens in auto sales the next year.

Neither can you. Stalemate.

So, I'll start by saying that the bureaucracy could have handled the refund process a lot better and I'm not completely sold on the idea of government picking industries to prop up.

However, as a pure fiscal stimulus, Cash For Clunkers did both things right.
* It was fast. The money got out in weeks after the bill passed. Contrast this with spending in the American Recovery and Reinvestment Act where some projects
* The multiplier was huge. Some preliminary reports show a multiplier of as much as 7...which doesn't sound so crazy given that the first step requires the buyer to lay out his own money at a rate of four of five times the amount of the credit.

You mention that it stole demand from next year, two years from now, and so forth. Is that a bad thing? Who's to say that that demand wouldn't simply be adding to a full employment inflation at that time?

 

[classy]

Originally posted by: spidey07
How else can Obama take over more control of the auto industry if he doesn't first destroy them? Once you understand his true motives every action becomes stunningly clear and apparent.

Yea his whole motive is to destroy the businesses and country him, his wife, and children live in. :roll:
Please just shut the bleep up

 

[Siddhartha]

Originally posted by: YoungGun21
The whole idea for C4C was to get people spending money to keep the economy flowing. Car manufacturers make money, quit cutting jobs, and keep producing cars. They needed the most help. They got it.

Without this program the economy just keeps sliding into a hole. This atleast helped stall it.

Some people on this forum conveniently keep forgetting the economy's current condition and where it was back on January 21.

 

[boomerang]

Originally posted by: Siddhartha

Originally posted by: YoungGun21
The whole idea for C4C was to get people spending money to keep the economy flowing. Car manufacturers make money, quit cutting jobs, and keep producing cars. They needed the most help. They got it.

Without this program the economy just keeps sliding into a hole. This atleast helped stall it.

Some people on this forum conveniently keep forgetting the economy's current condition and where it was back on January 21.

Put that warm and fuzzy feeling in check. Right now, the economy is just worsening at a slower rate.

 

[b0mbrman]

Originally posted by: Siddhartha

Originally posted by: YoungGun21
The whole idea for C4C was to get people spending money to keep the economy flowing. Car manufacturers make money, quit cutting jobs, and keep producing cars. They needed the most help. They got it.

Without this program the economy just keeps sliding into a hole. This atleast helped stall it.

Some people on this forum conveniently keep forgetting the economy's current condition and where it was back on January 21.

GDP is headed in the right direction, but unemployment's worse...

What people forget (or never knew) was how the economy would look had the administration not taken the measures it did.

 

[Siddhartha]

Originally posted by: boomerang

Originally posted by: Siddhartha

Originally posted by: YoungGun21
The whole idea for C4C was to get people spending money to keep the economy flowing. Car manufacturers make money, quit cutting jobs, and keep producing cars. They needed the most help. They got it.

Without this program the economy just keeps sliding into a hole. This atleast helped stall it.

Some people on this forum conveniently keep forgetting the economy's current condition and where it was back on January 21.

Put that warm and fuzzy feeling in check. Right now, the economy is just worsening at a slower rate.

My point is the economy was in really bad shape when Mr Obama took office. Lately, some of the economic indicators are trending positive or directionally less negative. Unemployment traditionally lags behind the recovery of the other sectors.

The numbers have very little to do with a "warm and fuzzy feeling".

I do not think the economy is out of the woods yet and needs all the help it can get to keep it from falling into a depression.

 

[dmcowen674]

Originally posted by: Skoorb
The gov's numbers were bullsh*t

Awesome

The Dems have learned well from the Republicans on how to post BULLSHIT numbers and get away with it :thumbsup:

What's the matter, don't like your own poison? :laugh: