Posted on 09/20/2010 9:06:17 AM PDT by MissesBush
Edited on 09/20/2010 9:07:41 AM PDT by Admin Moderator. [history]
By now, the only defense Democrats can mount of the Obama stimulus programs is that the economy would have been worse without them. There's no way to disprove this counterfactual, but now we have some empirical evidence other than 9.6% unemployment and 1.6% growth.
(Excerpt) Read more at online.wsj.com ...
I’m here to tell you the opposite. “Cash for Clunkers” did allow me to keep 3 jobs in my business....as repo men!
The dealership closings dropped the prices on car haulers, which I couldn’t pass up. And then the bank called about picking up cars that had deliquent loans.
It helps to be flexible in these times!
I traded my Ford F-250(clunker)in for a new Ford-150 during the C-4-C time frame...the program forced my Ford dealer to meet or exceed the other clunker deals out there...so in that respect, it helped me get a deal and my small town dealer move a lot of inventory....and btw, my F-150 is getting 19.5 mpg and my old F-250 was only getting 12.
My mom’s first car, a brand new Camaro, was $1500. Yes, one thousand five hundred, NEW. You can’t find a heap for that anymore. You need parts, you pay dearly. You need a whole car, and you can’t afford more than $1500, you are just out of luck.
....one aspect of this that’s just now starting to come out is that a lot of the clunkers weren’t destroyed....phony paperwork was created so the dealers got government payments...then the actual vehicles were sold overseas...Ka-ching!
It did get about 90% of the "I LUV OBAMA" bumper stickers off the road.
That was the way the State-Run Media always introduced it.
The cash for clunkers didn’t accept the REAL clunkers,it just took lots of late-model affordable cars to the scrap mills.
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