The new stimulus bill gives folks who buy a car in 2009 that make under $250k/year household income a tax deduction on the sales tax.
But funny thing is that it doesn’t say you have to buy an american car from a company which the Fed is planning to bailout…
Hmmmm. Let me think about that one…
The Fed gives GM/Chrysler a loan.
The Fed subsidizes new car purchases.
American consumers decide to buy a non GM/Chrysler car…Fed loses, GM/Chrysler loses, american tax payers loose…But I’m sure Japan/Germany/Korea and everyone other maker of a car company that actually has some desirable product wins…
Yes this is making more and more sense.
(Yes, yes, I know toyota/honda/bmw have factories in the U.S. with U.S. jobs).
