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To: newgeezer
Unintended consequences - Part 1: The Big Three can raise their prices to pocket most of the rebate and still be competitive with foreign cars, so that the net savings to buyers will be much smaller than the cost to taxpayers.

Unintended consequences - Part 2: Trade in value for used cars will fall by a huge amount, again lowering the net savings to buyers.

Unintended consequences - Part 3: In yet another waste of our tax dollars, money that would otherwise have been productively generating wealth will be transferred from our wallets through corrupt Washington officials to the big unions and big business. Our kids get to pay all that money back.

Sorry, I noticed the payback for big Democrat donors in this liberal tax-and-spend scheme, but I missed the upside.

25 posted on 12/16/2008 7:39:39 AM PST by MathDoc (War is Peace. Freedom is Slavery. Ignorance is Strength. Obama is Good.)
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To: MathDoc

The 10,000 is to excuse the Union contract do nothing pork.

This bailout is all about justifying the union goons.

The new left wing mantra is those opposed to left wing ideals have just not been exposed to the world and live in isolation in the rural areas.

(IE solution, outlaw rural living)


94 posted on 12/16/2008 11:46:15 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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