Posted on 04/24/2010 8:52:03 AM PDT by TigerLikesRooster
Cash for Appliances likely to draw crowds to stores in California
By Mark Glover
mglover@sacbee.com
Published: Saturday, Apr. 24, 2010 - 12:00 am | Page 1B
California's Cash for Appliances program appears to be off to a strong start, but the first big test for retailers is likely to occur today when weekend buyers are expected to hit stores in big numbers.
By early next week, consumers and appliance sellers will get their first clue on just how long California's rebate money is going to hold up.
"Anecdotally, retailers are experiencing more sales than they've seen in a long time," said Amy Morgan, a spokeswoman for the California Energy Commission, which designed the state's program and is now administering it. "We're already hearing things like it's Black Friday in April."
California's Cash for Appliances program is stoked with $35.2 million in federal stimulus funds. On Thursday, the state began offering consumers mail-in rebates to swap their old refrigerators, washers and air conditioners for more energy-efficient models.
(Excerpt) Read more at sacbee.com ...
P!
HORSESHIT
Every time I read an article like this I just want to go even MORE Galt.
Yep. Totally bankrupt federal and state government. Yet they STILL give away our kids’ and grandkids’ and great-grandkids’ money like penny candy. Damn them all.
To insult to injury, I can’t even get my share of the pie! We bought new appliances last year after all the 35 year old workhorses in the kitchen really started crapping out. With my luck, this new junk will crap out in about 7 years and there won’t be any free pie then.
The damned state is bankrupt, and this is what they consider a priority—paying people to throw away perfectly good appliances. I’ll retire to Bedlam.
I wonder how much of the increase in durable goods orders is due to these government “rebates” for appliances. Texas just had their Appliance Rebate Program.
From Bloomberg:
...orders for most durable goods climbed, indicating the U.S. economy sped up heading into the second quarter.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aka942j5Sqms
Does anyone have the list of appliances that qualify. I need a new dishwasher and clothes dryer.
It will take 10 years to break even in energy savings. Dopey sheep.
Unless someone needs a new major appliance why would they go out and buy (likely finance) one?
Great...cannabalize future sales.
Yeah, that’s the ticket...
Yeah...makes you wonder what they have planned for Sept/Oct right before the election....hhhmmmmmm....
Most of the appliances these days are pieces of crap. Give me a dishwasher built just 10 years ago over any of the new crap out there.
It’s pretty easy to tell in the stores which items qualify. The retailers have marked them up heavily. If something seems like a fair deal, it probably won’t qualify.
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