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Cash for clunkers question for the Keynesians
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2013 Nov 25, 7:50am 7,487 views 50 comments
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Tenpoundbass
2013 Nov 26, 3:53am
I paid a little over 16K for a honda Civic in 2003 (it was the EX ).
You should have waited 5 years you could have saved a grand or so.
Honda Civic $15,010 26/34 Stable, comfortable, and quiet ride; chipper interior; good handling Minimal storage space
Sure but there were still plenty of 1976 buicks to be had, or 1996 compact cars to be had all for under $1200 a pop.
Been to a car lot or did a craigslist search lately, a car with a faded paint job and is prone to over heating starts at $3500.
Tenpoundbass
2013 Nov 26, 4:00am
But by the way, Cash for clunkers wasn't about just raising the price, it was about getting rid of the cheap used car market, to bolster the Car industry and car loans. Spite Warrens best efforts, if you have great credit, I got 0% interest, but if you got spotty credit, they are sticking people with 14%+ loans. on top of outrageous late fees.
Blah, blah, blah.
This kind of rhetoric gives me agita.
Walmart is a shitty job that doesn't provide a living wage.
Join the Army or work for Walmart, I hope middle America's youth spits it back in their face.
marcus
2013 Nov 26, 4:55am
I paid a little over 16K for a honda Civic in 2003 (it was the EX ).
You should have waited 5 years you could have saved a grand or so.
No, as I said, it was the EX. Bigger engine than the LX, with sun roof too. That's why I used 19K for current price (which is a little high).
Bellingham Bill
2013 Nov 26, 4:59am
I hope middle America's youth spits it back in their face.
gotta stop voting for the plutocrat party, LOL.
But "Team Republican" still has a good brand, fighting the l-l-l-liberal gun-grabbing, god-hating, nigger-loving, flag-burning traitorous left.
The GOP still has enough buttons to push in the lizard brain to stay relevant this decade and next. They didn't fail with Romney by all that much and that alone scares the crap out of me.
What we got here now is a neo-Confederacy, basically. Impervious to facts, reason. Functioning on ignorance, fear, and bullshit beliefs.
Buried deep, deep in the national cognizance is the reality that taxes have to go up a lot, on everyone. We can't throw $4T away on military crap and cut taxes to pay for it.
http://research.stlouisfed.org/fred2/series/FDEFX
($4T is all spending over $400B/yr, 2001-now)
$4T over 30 years is $1000/yr per worker.
On top of that is the boomer retirement and health care burdens that are steadily looming into view, several thousand per year on top of that.
What we have now is unsustainable; yet we lack the maturity to actually move things to a more responsible basis.
The plutocrats defend their wealth thanks to the millions of useful idiots on the right. The left has been largely dismantled in this country, outside of Democracy Now, a couple of websites and shows on MSNBC etc they don't have much presence in the debate any more, if they ever did.
This nation is so fucked, and it's going to have to get a lot worse for millions before it gets any better, policy-wise.
We're so far gone we can't even see the problems any more.
marcus
2013 Nov 26, 5:15am
uried deep, deep in the national cognizance is the reality that taxes have to go up a lot, on everyone. We can't throw $4T away on military crap and cut taxes to pay for it.
Good graph. Hard to blame Obama for that doubling in defense spending since 2000, but I'm sure there are those who will try.
Buried deep, deep in the national cognizance is the reality that taxes have to go up a lot, on everyone. We can't throw $4T away on military crap and cut taxes to pay for it.
If you want to complain .. perhaps you should find a Islamic terrorists to vent over..
not our fault for being attacked by a bunch of inbred retards...
Good graph. Hard to blame Obama for that doubling in defense spending since 2000, but I'm sure there are those who will try.
Dont you want to thank Reagan-Bush for busting up the USSR and
earning a peace dividend watching military spending declining since 1990.
all you need to worry about now is some hand full of terrorists and not 20
Soviet Divisions crossing Europe in the first wave... or the Baltic fleet running
Missile drills 15 minutes off the Atlantic Coast...
Hey, thomaswrong, the 5 Trillion dollars that Bush/Cheney wrongheadedly took over to the M.E. and blew the hell up, to no conceivable benefit of anyone but the parasitic defense industry, isn't on your graph.
When Barack Obama became president, there were 32,000 U.S. troops in Afghanistan. He escalated to over 100,000 troops, plus contractors. Now 5 years later, there are 47,000 troops in that shithole, in 9 huge bases, and they project out to “2024 and beyondâ€.
But, 2013 was a record year for the Opium crop, so that's going good.
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When the economy collapsed, we obviously propped up the auto sector as best we could. It has become the received wisdom that C4C was a failure, largely due to pulling sales from future months.
In the Keynesian sense, wouldn't it be a success though? The cash that was "saved" could be spent on other goods or services (almost BECAUSE the recipients might not have needed it but had the ability to spend). Mainly though, it would have served as a kickstart to consumption. Wouldn't an extra 3 billion used directly to spur citizens to spending be a good thing, regardless of whether or not autos were helped by that program?
The 3 billion didn't just disappear. That might not seem "fair" but in terms of economics I can't see how it would not be right on target.