Here is what they say is a teaching moment. It has to do with this Administration’s effort to give new car buyers a $4500 cash allowance for buying a certain type of new car.
You decide whether the whole idea is good to begin with:
One: The government has to mix an economic stimulus concept with an environmental objective so that it could confuse the public.
Two: The government, as is usually the case, has no concrete administrative plan for carrying out the program to reimburse dealers.
Three: Dealers are not sure they will sign contracts with customers that will be approved by Congress if there is not enough funding for all business they do.
Four: Cars sold in this manner will mean that no cars will probably be sold normally for a couple of years after this program terminates. The public’s appetite will be stimulated for yet another similar deal. So folks will hold off from future buying.
Five: Because of the way these clunkers are being disposed, the used car and parts markets will be adversely affected.
Six: If money of this kind is used for clunker cars, what about clunker washing machines, or lawn mowers, or ….??
You make up your mind how well this stimulus money is being spent. Or wasted.
Who truly is worried about the deficit??
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