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Smart Shopper Cash for Clunkers - Does it Work for You?
2647 messages, Last post on Oct 01, 2009 at 6:33 PM
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I Traded My Clunker and Bought a....?
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Replying to: ateixeira (Sep 29, 2009 10:25 am) C'mon ateixeira, that's simplistc thinking and I think you know it. Obviously supply and demand equilibrium is affected by the economic model involved and as competition decreases the equilibrium coefficient is less effective in response. It is also affected by outside factors such as technology changes, product innovation and government restrictions or intervention. What the government did was help dealers reduce their inventory at taxpayers expense. This allowed the dealers to reduce supply and screw customers on price, particularly galling because we paid for it! C4C was not thought out and was a waste of tax money for most everyone except the dealers and a relatively few people with clunkers. It didn't really help Detroit. Dealers are now keeping their inventories lower so there hasn't been a lot of rebound Detroit car production in response to the effort, and I believe Japan was the biggest winner in sales attributed to to C4C as well. Its one thing to use tax monies as loans to GM in order to give them time to get through BK and keep people employed, it is quite another to use our tax monies to artiifically distort supply and demand and transaction prices. Nixon tried fiddling with supply, demand and pricing. The result that Ford and Carter inherited was a disaster. IMO all C4C really accomplished was further increasing our deficit for nothing significant in return. Same goes for first time home buyer rebates and all this other nonsense. Down the road all of this easy spending deficit stuff is going to weaken the dollar, increase inflation and ultimately hurt the American economy and citizens. If you're going to spend tax dollars to supplement the economy, at least do like Roosevelt and Eisenhower and spend it on something constructive like roads and infrastructure.
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Replying to: berri (Sep 29, 2009 4:47 pm) The crisis came first. Wall Street got 100x as much money and we don't hear 1/10th of the whining about that. I guess automobiles are just more visible. I'll agree with the suggestion to improve the infrastructure, though. |
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I am up visiting my cousin in MN. He has a new Chevy HHR panel. He used a 1987 Ford van with over 200k miles. The transmission had no reverse. Dealer said no problem if you can drive it into the dealership. With all the incentives on the HHR he paid $12,500 cash OTD and really likes the little beast.
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Replying to: gagrice (Oct 01, 2009 5:50 pm)
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Replying to: fezo (Oct 01, 2009 5:59 pm) |
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