About the cash for clunkers program..

[Eugene]

[quote=SD Realtor]Correct Eugene but the part about every single American footing the bill for this POS program and others like it is true.

That is okay though, just put it on our bill…

When will people understand you cannot spend your way out of debt?[/quote]

Let’s agree to disagree about that.

[EconProf]

Let’s look even further, at the broader implications of this boondogle. Is society as a whole–our welfare–helped or hurt by this program?
The government took lower mileage used cars, poured poison down their throats, then crushed them. The impact on the nation’s gasoline usage and pollution emission I have read was miniscule.
Our national wealth of physical assets was thus diminished accordingly. Why couldn’t we have shipped all these cars to Mexico (or, pick a country), and sold them for, say, half their retail value here.
I read of one Mom who sought to help her daughter out, so gave her the family 12-year old 400LS Lexus that was “getting old”, so she could trade it in on a new little box from Japan. Almost made me cry.

[EconProf]

Let’s look even further, at the broader implications of this boondogle. Is society as a whole–our welfare–helped or hurt by this program?
The government took lower mileage used cars, poured poison down their throats, then crushed them. The impact on the nation’s gasoline usage and pollution emission I have read was miniscule.
Our national wealth of physical assets was thus diminished accordingly. Why couldn’t we have shipped all these cars to Mexico (or, pick a country), and sold them for, say, half their retail value here.
I read of one Mom who sought to help her daughter out, so gave her the family 12-year old 400LS Lexus that was “getting old”, so she could trade it in on a new little box from Japan. Almost made me cry.

[EconProf]

Let’s look even further, at the broader implications of this boondogle. Is society as a whole–our welfare–helped or hurt by this program?
The government took lower mileage used cars, poured poison down their throats, then crushed them. The impact on the nation’s gasoline usage and pollution emission I have read was miniscule.
Our national wealth of physical assets was thus diminished accordingly. Why couldn’t we have shipped all these cars to Mexico (or, pick a country), and sold them for, say, half their retail value here.
I read of one Mom who sought to help her daughter out, so gave her the family 12-year old 400LS Lexus that was “getting old”, so she could trade it in on a new little box from Japan. Almost made me cry.

[EconProf]

Let’s look even further, at the broader implications of this boondogle. Is society as a whole–our welfare–helped or hurt by this program?
The government took lower mileage used cars, poured poison down their throats, then crushed them. The impact on the nation’s gasoline usage and pollution emission I have read was miniscule.
Our national wealth of physical assets was thus diminished accordingly. Why couldn’t we have shipped all these cars to Mexico (or, pick a country), and sold them for, say, half their retail value here.
I read of one Mom who sought to help her daughter out, so gave her the family 12-year old 400LS Lexus that was “getting old”, so she could trade it in on a new little box from Japan. Almost made me cry.

[EconProf]

Let’s look even further, at the broader implications of this boondogle. Is society as a whole–our welfare–helped or hurt by this program?
The government took lower mileage used cars, poured poison down their throats, then crushed them. The impact on the nation’s gasoline usage and pollution emission I have read was miniscule.
Our national wealth of physical assets was thus diminished accordingly. Why couldn’t we have shipped all these cars to Mexico (or, pick a country), and sold them for, say, half their retail value here.
I read of one Mom who sought to help her daughter out, so gave her the family 12-year old 400LS Lexus that was “getting old”, so she could trade it in on a new little box from Japan. Almost made me cry.

[jpinpb]

And in the end, what was the real outcome of this CFC program? Did it help our economy long term? Or was it just another temporary fix/band-aid? Sales were down after CFC. No surprise. Again, borrowing from the future.

[jpinpb]

And in the end, what was the real outcome of this CFC program? Did it help our economy long term? Or was it just another temporary fix/band-aid? Sales were down after CFC. No surprise. Again, borrowing from the future.

[jpinpb]

And in the end, what was the real outcome of this CFC program? Did it help our economy long term? Or was it just another temporary fix/band-aid? Sales were down after CFC. No surprise. Again, borrowing from the future.

[jpinpb]

And in the end, what was the real outcome of this CFC program? Did it help our economy long term? Or was it just another temporary fix/band-aid? Sales were down after CFC. No surprise. Again, borrowing from the future.

[jpinpb]

And in the end, what was the real outcome of this CFC program? Did it help our economy long term? Or was it just another temporary fix/band-aid? Sales were down after CFC. No surprise. Again, borrowing from the future.

[Eugene]

[quote=EconProf] The impact on the nation’s gasoline usage and pollution emission I have read was miniscule. [/quote]

Every $10 spent on the program reduced nationwide fuel consumption by 1 gallon/year. Assuming that, absent the program, a typical clunker would’ve stayed on the road for 4 more years, the program indirectly paid for itself.

[quote]I read of one Mom who sought to help her daughter out, so gave her the family 12-year old 400LS Lexus that was “getting old”, so she could trade it in on a new little box from Japan. Almost made me cry.[/quote]

You must be misremembering something (or maybe your news source got it wrong). 12-year old LS400’s weren’t eligible. A number of LS400’s were traded in, mostly 1990 to 1992 model years.

[Eugene]

[quote=EconProf] The impact on the nation’s gasoline usage and pollution emission I have read was miniscule. [/quote]

Every $10 spent on the program reduced nationwide fuel consumption by 1 gallon/year. Assuming that, absent the program, a typical clunker would’ve stayed on the road for 4 more years, the program indirectly paid for itself.

[quote]I read of one Mom who sought to help her daughter out, so gave her the family 12-year old 400LS Lexus that was “getting old”, so she could trade it in on a new little box from Japan. Almost made me cry.[/quote]

You must be misremembering something (or maybe your news source got it wrong). 12-year old LS400’s weren’t eligible. A number of LS400’s were traded in, mostly 1990 to 1992 model years.

[Eugene]

[quote=EconProf] The impact on the nation’s gasoline usage and pollution emission I have read was miniscule. [/quote]

Every $10 spent on the program reduced nationwide fuel consumption by 1 gallon/year. Assuming that, absent the program, a typical clunker would’ve stayed on the road for 4 more years, the program indirectly paid for itself.

[quote]I read of one Mom who sought to help her daughter out, so gave her the family 12-year old 400LS Lexus that was “getting old”, so she could trade it in on a new little box from Japan. Almost made me cry.[/quote]

You must be misremembering something (or maybe your news source got it wrong). 12-year old LS400’s weren’t eligible. A number of LS400’s were traded in, mostly 1990 to 1992 model years.

[Eugene]

[quote=EconProf] The impact on the nation’s gasoline usage and pollution emission I have read was miniscule. [/quote]

Every $10 spent on the program reduced nationwide fuel consumption by 1 gallon/year. Assuming that, absent the program, a typical clunker would’ve stayed on the road for 4 more years, the program indirectly paid for itself.

[quote]I read of one Mom who sought to help her daughter out, so gave her the family 12-year old 400LS Lexus that was “getting old”, so she could trade it in on a new little box from Japan. Almost made me cry.[/quote]

You must be misremembering something (or maybe your news source got it wrong). 12-year old LS400’s weren’t eligible. A number of LS400’s were traded in, mostly 1990 to 1992 model years.

[Author]

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