/dev/null Posted March 29, 2011 Share Posted March 29, 2011 http://www.washingtontimes.com/blog/watercooler/2011/mar/29/cash-clunkers-2-dumped-capitol-hill/ Link to comment Share on other sites More sharing options...
Alaska Darin Posted March 29, 2011 Share Posted March 29, 2011 Only Republicans sell out the taxpayers to corporations. This is simply economic stimulus/job creation. Link to comment Share on other sites More sharing options...
KD in CA Posted March 30, 2011 Share Posted March 30, 2011 Where are lybob and the 'thoughtful posters' to decry corporate welfare and GM's effective tax rate? Link to comment Share on other sites More sharing options...
Nanker Posted April 2, 2011 Share Posted April 2, 2011 The program began on July 24th with a budget of $1 billion and by July 30th they were out of money. Giving people “free” money to buy cars is definitely popular. Congress then allocated another $2 billion that lasted almost until the end of August. That’s right, $3 billion in under a month. The program didn’t help the economy or auto industry. Despite a bump in the 3rd quarter to GDP and auto sales, consumer spending dropped 0.5% in September and the vehicle output bump was artificial and unsustainable, meaning it will drop off considerably in the next quarter as the market stabilizes to its real level. As Nick Gillespie and Veronique de Rugy pointed out today over at Reason, even the reported GDP bump is misleading, because is includes government spending. So if government spending increases it will increase the GDP, but that doesn’t mean any more was produced. Oh the glory of Fiat economics. Link to comment Share on other sites More sharing options...
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