Cavuto is predicting that soon after the stimulus is cut for each program, the consuming will end too. Or are we all trained by our Keynesian masters like the dog and the wistel?
Keynesian Paul Krugman’s theory says the UAW will now get rehired and start buying creating more jobs, and on and on all because of a few $B of clunker money. What if we all buy foriegn?
Well he may be a tad correct in view of fact most dealers will restock now with a new model year...however, whether they will sell them is another matter and with unemployment rising and hours worked by those with jobs falling, I don’t know where the money will come from to fuel more purchases...unless we have a new FANNIE MAE for consumer goods coming soon.