[quote]John S. wrote:
K2000 wrote:
So people shouldn’t buy cars now, because that means those people won’t buy cars in the Fall?
And money they spend on a new car could have been spent better elsewhere, rather than in the ailing auto industry?
They keep on spending when they should be saving, You can’t spend your way out of debt.[/quote]
People need to spend money to keep the economy moving. That was the point of Cash for Clunkers.
[quote]K2000 wrote:
So people shouldn’t buy cars now, because that means those people won’t buy cars in the Fall?
And money they spend on a new car could have been spent better elsewhere, rather than in the ailing auto industry?
[/quote]
No they shouldn’t, this will create yet another bubble to screw another industry. Although it will be great if I decide to sell my used car, as the c4c program destroyed many cars that may have competed with mine.
And yes money that could have gone to retail sales are now going to that new car, check the august retail sales data.
Finally a someone with balls to say how it is and call out Obama on his Fakeness. First Glenn Beck and now Her. Good Good, it’s all coming together. Time to get the racial Politicians out of office. I hope Obama will be the end of the Democratic Party. The most useless corrupt party ever. A party that preys on the poor and underprivileged, sells them dreams and ultimately betrays them.
[quote]MikeyKBiatch wrote:
Also, Cash For Clunkers is considered a massive success everywhere except on the far right, where it is opposed mainly for ideological reasons, or there are complaints about trivial or temporary snags. Response to CFC is overwhelmingly positive, it’s not even a contest.
Ok lets think about this a second… consumers suddenly get a big incentive to go buy a brand new car, not a used car, but brand new. So they trade in their older “clunker,” which may have had many more miles to go before it really needed to be traded in, and suddenly they have a new car payment to contend with each month.
Now that money that may have been used for other purchases and the like is now going towards that shiny new car. So essentially we just shuffled some money around and hurt one sector to help another.
Now lets also not forget that smarter consumers may wait until the fall before purchasing a new car as they typically get better deals at this time. Now suddenly dealers across the US have limited stock so the deals people may have been expecting over the next few months will not be there. So now there will be an even larger drop in sales than the car industry is used to this point of the year. [/quote]
The people who used cash for clunkers were likely to buy a new car anyway within the next 12 months. All we did is bring those purchases up earlier. There will now be a lull in new car sales because of this. Unintended conssequences strike again. Or were they really unintended?
Wait till the cash for your refrigerator comes out.
[quote]K2000 wrote:
So people shouldn’t buy cars now, because that means those people won’t buy cars in the Fall?
And money they spend on a new car could have been spent better elsewhere, rather than in the ailing auto industry?
[/quote]
Well ya, I’m sure the people at Dell would think the money would be spent better somewhere else. People at Walmart probably felt the same. Guys at costco might agree too.
[quote]Gregus wrote:
Time to get the racial Politicians out of office. [/quote]
I think the GOP just found their 2012 presidential campaign slogan!
“Hello, I’m Batshit Crazy”
Funny how you think she’s batshit crazy. Everything she presents is a documented fact. You’re also attacking her personally and not the content of her message. Very typical of you guys.
When you can’t attack the argument you attack the arguer.
[quote]Gregus wrote:
Funny how you think she’s batshit crazy. Everything she presents is a documented fact. You’re also attacking her personally and not the content of her message. Very typical of you guys.
When you can’t attack the argument you attack the arguer. [/quote]
Party of tolerance right?
[quote]K2000 wrote:
So people shouldn’t buy cars now, because that means those people won’t buy cars in the Fall?
And money they spend on a new car could have been spent better elsewhere, rather than in the ailing auto industry?
[/quote]
Anywhere where they would haev spent the money originally would by definition have created more wealth.
Otherwise government would not have to force people to fork over money to finance other peoples car purchases, they would have done so of their own. Forced tranbsactions must move us away from the pareto optimum.
It is kind of said though that one has to actually argue that destroying stuff that works does not and cannot create wealth.
For further reading, Bastiat “What is seen and what is not seen”.
[quote]Gregus wrote:
Funny how you think she’s batshit crazy. Everything she presents is a documented fact. You’re also attacking her personally and not the content of her message. Very typical of you guys.
When you can’t attack the argument you attack the arguer. [/quote]
What’s the message from Michelle Malkin that I’m supposed to take seriously? That Obama caused the stock market to dip, a month after he got elected? She stopped ranting about that nonsense pretty quick, eh? That he wasn’t born in America?
She’s a fucking idiot, and nothing she says is worth paying attention to. You could see Matt Lauer rolling his eyes, when she was talking. Matt Lauer isn’t exactly a hippie, that’s the reaction that most average people have listening to her. You WOLVERINES may like her because you’re drinking from the same pitcher of Kool Aid. But exciting the base and convincing people who don’t already agree with you 100% are two different things.
As I said, i think she’s wonderful because she turns a lot of people off, and she makes the Right look like a bunch of crazy cranks. The more she’s on TV, the better I like it.
The point that you are missing is that when money is tight, on the most fundamental level, you don’t spend like crazy. Sure there are many things this country would like, but not all of it is needed or even affordable. Your average American understands what it means to spend intelligently and not blow coin on any old thing, especially when money is tight. But we see with our very eyes how Obama is spending like crazy, and that is what people like Malkin, Beck, Hannity, and Rush are trying to point out.
I am reminded of the studies done a while back on charitable giving. The assumption was that liberals would be much greater givers, as they are always telling us how much they care. How they want to make the world a better place. As it turns out, conservatives give way more than liberals in both their time and their money. I believe it was on a magnitude of greater than 2 to 1.
I should not have been a surprise. Libs are always telling everyone what they should do, how to live their lives. But when the check comes, they are in the bathroom.
Libs talk about what should be done and try to force others to do the work and pay the bill.
Conservatives simply decide what needs to be done and they either do it themselves and/or pay the bill.