That number is just plain silly. More than 800,000 Americans have $3500.00 - $4500.00 more equity than they had before the program. Now, you might not like this or think that it was not worth it or that the government should not be doing things like this at all, but that doesn't change the facts. This is the only "stimulus" program that I've seen that does anything positive for an appreciable number of American citizens.
I was against all of the stimulus, but the money has already been voted on and approved. If we have to spend "stimulus" money, I would prefer it to be spent on something like cash for clunkers where at least some Americans gain something. Most "stimulus" spending is throwing money down a rat hole with few if any benefits to American citizens.
If we are going to spend the rest of the hundreds of Billions of dollars already approved, at least give citizens something to show for it.
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I don't think so ... they traded perfectly good running vehicles THAT WERE PAID OFF for a new $20-$30K note .. that new truck dropped at least $6K the minute they bought it ... The buyers DO NOT have "more equity" ,, they have MORE DEBT . I've been to the "you pull it" junkyards twice in the last month stocking up on spare parts (I'd rather pay $24.99 for a radiator fan motor than $168+tax).. the cars and trucks there are all very nice perfectly usable vehicles.