08-01-2009, 10:51 AM
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Banned
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Join Date: Nov 2003
Location: Middle Of Nowhere,
USA
Cobra Make, Engine: ERA 428 FE 4-speed CR "TL" heavy spline
Posts: 3,907
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Not Ranked
Video: The (Vaguely Disturbing) Death of a Clunker
Video: The (Vaguely Disturbing) Death of a Clunker
http://www.examiner.com/examiner/x-2...h-of-a-Clunker
The Cash for Clunkers program is stupid for a lot of reasons. Not only is it just another tax-payer bailout of the unions automakers, who can sell more cars at artificially depressed prices so they can keep the doors open. It also screws with the free-market (big surprise there) by pulling forward demand that isn't there now, only to kill demand over the next 1-2 years. Killing off the clunkers also hurts the used car market, the spare parts market, and the auto repair business. If there aren't any old cars to buy or fix, those guys are all out of a job.
Snip......
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“Unintended” consequence? No cheap cars for poor people, high schoolers, or college students. One of the most vulgar displays of shameless wastefulness I have ever seen. |
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