Andy
Well-Known Member
- Joined
- Jan 6, 2008
- Messages
- 3,497
So, now that Cash for Clunkers is over 2 months old, what have we learned?
Cash for Clunkers benefited the rich, and harmed the poor.
While the prices for used cars that middle and lower class need, were shooting up, the rich were taking advantage of tax payer money...
Among the cars purchased were such, lower and middle class vehicles like...
2009 Cadillac SRXs
2008 Hummer's H3T
2009 Lexus RX 350
2009 Lincoln MKX
2009 BMW X3
All these high dollar, luxury upper-class purchases were made on our tax dollars, thanks to liberal idiots.
But what about the vast benefits? What about all that savings of fuel and the drop in gasoline prices?
http://www.wtrg.com/daily/small/clfclose.gif
Huh, prices have gone up and gasoline sales are on the rise!
Yeah yeah, ok maybe it didn't help the poor, and perhaps we did end up buying luxury cars for rich people, and yeah ok maybe it didn't have any effect on gasoline sales at all....
But at least we boosted our economy!
Sorry, wrong again. After the program ended, whatever artificial gains in sales disappeared, as well as the rest of the market. In fact sales at the end of September were as low, if not lower than the lowest point they have been during this entire recession.
And indeed we should. The lesson is, government caused artificial demand, is not real economic growth. Real economic growth doesn't end when the government runs out of other peoples money.
Moreover, this should be a lesson about how good government is at achieving it's goals. In this can, not one single goal was accomplished.
Instead of helping the poor, it hurt the poor.
Instead of saving oil, it did nothing about oil consumption.
Instead of giving an economic boost, the there was none.
Hopefully people will remember this when government laughably claims it can provide health care without new taxes.
Cash for Clunkers benefited the rich, and harmed the poor.
While the prices for used cars that middle and lower class need, were shooting up, the rich were taking advantage of tax payer money...
Among the cars purchased were such, lower and middle class vehicles like...
2009 Cadillac SRXs
2008 Hummer's H3T
2009 Lexus RX 350
2009 Lincoln MKX
2009 BMW X3
All these high dollar, luxury upper-class purchases were made on our tax dollars, thanks to liberal idiots.
But what about the vast benefits? What about all that savings of fuel and the drop in gasoline prices?
http://www.wtrg.com/daily/small/clfclose.gif
Huh, prices have gone up and gasoline sales are on the rise!
Yeah yeah, ok maybe it didn't help the poor, and perhaps we did end up buying luxury cars for rich people, and yeah ok maybe it didn't have any effect on gasoline sales at all....
But at least we boosted our economy!

Sorry, wrong again. After the program ended, whatever artificial gains in sales disappeared, as well as the rest of the market. In fact sales at the end of September were as low, if not lower than the lowest point they have been during this entire recession.
And indeed we should. The lesson is, government caused artificial demand, is not real economic growth. Real economic growth doesn't end when the government runs out of other peoples money.
Moreover, this should be a lesson about how good government is at achieving it's goals. In this can, not one single goal was accomplished.
Instead of helping the poor, it hurt the poor.
Instead of saving oil, it did nothing about oil consumption.
Instead of giving an economic boost, the there was none.
Hopefully people will remember this when government laughably claims it can provide health care without new taxes.