Cash for Clunkers - a succes to the libs?

TGregg

TGregg

You aren't going to believe this:

The Cash for Clunkers program is already paying dividends. General Motors has just said it will call back 1,350 employees, extend overtime pay to 10,000 workers and will amp up output this year by 60,000 vehicles, according to a Free Press story by business writer Tim Higgins. Ford has also upped its sales projections substantially. The ripple effect is spreading down the supply chain, benefiting parts suppliers and other industries tied to auto manufacturing.

Yes, many cars being purchased under Cash for Clunkers have been Toyotas and Hondas, but many of those vehicles were manufactured in the United States and American workers will undoubtedly enjoy the resulting paychecks.

What’s the lesson here? Stimulating the demand side has an immediate impact on a sluggish economy. Now, can we finally put to rest the discredited idea that the best way to grow the economy is by cutting taxes on the wealthy and praying that the benefits will some day trickle down to the rest of us?
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http://www.freep.com/apps/pbcs.dll/article?AID=/20090820/BLOG24/90820002&s=d

The feds spent $3,000,000,000.00 to save 1,350 jobs plus provide OT for 10,000 workers. Let's go crazy nuts and say that OT is equal to another 1,350 jobs. So that's 2,700 new jobs for 3 billion dollars. That's over 1,111,111.11 per job! Over a million dollars! For each stinkin' job!

A huge success by the liberal standards. Apparently they think if we just borrow enough money and raise taxes high enough - our economy will be fixed!

Geez. That's embarrassingly stupid.

Even if Ford is also selling 60k more cars, that's 25 grand per car! The feds could have spent the 3 billion buying cars then sold lottery tickets to win them and we'd be a lot better off.
 
What’s the lesson here? Stimulating the demand side has an immediate impact on a sluggish economy. Now, can we finally put to rest the discredited idea that the best way to grow the economy is by cutting taxes on the wealthy and praying that the benefits will some day trickle down to the rest of us?



that's friggin funny, ... so the way to "grow" the economy is to cover the profit margins of private companies ... (hmmm, private???) with target payer funded subsidies. So, redirecting my tax payments to Obama's thug union voting block and buying people new cars on the cheap is to my benefit?


we need to get these people OUT of office. A few more years with this group and tax freedom day won't come until January, of the following year.



Yeah, one way to improve the long-term outlook of car manufacturers is to provide them free money, this should provide incentives to reduce costs and kick their union anchors to the curb.
 
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