Discussion Forums > Politics
Cash for Clunkers Stimulus is a Huge Success!
Neko13:
Most of the earnings on cars aren't made on the sale of new cars... they're maid on the maintenance of existing vehicles... Which are not sold onward if they're still somewhat decent, but instead are destroyed (thus destroying any potential future maintenance costs from benefiting the economy).
So while it does add fundings to the economy, it's not adding as much as it could...
Rhino:
sounds kind of a rip off to me - spend more money to save money ::) there some people that are trading in for cash for clunkers believing their getting a good deal but they are actually paying more money than their saving
relic2279:
--- Quote from: Rhino on August 18, 2009, 12:16:54 AM ---sounds kind of a rip off to me - spend more money to save money ::) there some people that are trading in for cash for clunkers believing their getting a good deal but they are actually paying more money than their saving
--- End quote ---
That's where economics comes into play. You need your population spending money in the type of economy we have to have a successful economy. Saving during a recession leads to a vicious circle which eventually leads to deflation of our currency. Ala the great depression. In that aspect, cash for clunkers is a huge success. People are spending money. You republicans out there should be elated. The rich get richer. Excellent for capitalism.
Rhino:
--- Quote from: relic2279 on August 18, 2009, 12:26:13 AM ---
--- Quote from: Rhino on August 18, 2009, 12:16:54 AM ---sounds kind of a rip off to me - spend more money to save money ::) there some people that are trading in for cash for clunkers believing their getting a good deal but they are actually paying more money than their saving
--- End quote ---
That's where economics comes into play. You need your population spending money in the type of economy we have to have a successful economy. Saving during a recession leads to a vicious circle which eventually leads to deflation of our currency. Ala the great depression. In that aspect, cash for clunkers is a huge success. People are spending money. You republicans out there should be elated. The rich get richer. Excellent for capitalism.
--- End quote ---
thats fine for them,but lets if i have my 2 k clunker (runs perfectly)and if i trade it in for C for C ill go 3 k more in debt
so in order to save the economy i have to go deeper in debt ?
relic2279:
--- Quote from: Rhino on August 18, 2009, 12:46:31 AM ---thats fine for them,but lets if i have my 2 k clunker (runs perfectly)and if i trade it in for C for C ill go 3 k more in debt
so in order to save the economy i have to go deeper in debt ?
--- End quote ---
It won't run perfect forever. You will need to start putting money into it. 800 there, 400 there, 1k there just to keep it running and getting ripped off while doing so if you cannot do it yourself.
These newer Hyundai's, Kia's and such have a 100k mile/ten year power train or bumper to bumper warranties. And they're super cheap. It would easily save you money in the long run, and not only that, you would have some reliability. Not to mention, saving you money on gas,
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