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Taxpayers Paid $24,000 Per Car For ‘Clash For Clunkers’
From CNN:
A total of 690,000 new vehicles were sold under the Cash for Clunkers program last summer, but only 125,000 of those were vehicles that would not have been sold anyway, according to an analysis released Wednesday by the automotive Web site Edmunds.com.
…The average rebate was $4,000. But the overwhelming majority of sales would have taken place anyway at some time in the last half of 2009, according to Edmunds.com. That means the government ended up spending about $24,000 each for those 125,000 additional vehicle sales.
It doesn’t matter how these jerks in Congress (from both parties) try and spin it. Once again, the American tax payer took it up the ass for a program we all knew was BS from the beginning. Every single thing our government has done to allegedly alleviate the recession has been about paying off special interests. The phony stimulus was one of the greatest thefts in world history. It was $787 billion dollars of pork and special interest bribes.
“Cash For Clunkers” was total horseshit from the moment it was conceived. It turned out exactly like many of us knew it would — as grand theft auto. It was smoke and mirrors just like everything else coming from the federal government.
You think this is bad, just wait until ObamaCare kicks in.
I’ll Show You A Stimulus Plan
What we should have done instead of passing that ridiculous Obama stimulus plan that was nothing but $787 billion in pork, is pass something real and tangible.
If the Dems want to go the socialist route, then let’s do that. How about we give every single man and woman in America that’s 21 years of age or older a check for $1 million.
If you’re 21 years of age or older and in the country legally, you get $1 million bucks — tax free.
Think about that. It would cost a fraction of what the phony stimulus plan cost and would put real money in people’s pockets.
I just wonder what the implications long-term of something like that would be? It would cost the government little, but I wonder what the long-term societal impact of something like that would be.
Would it end up being a net positive for the country? Would there be unforeseen consequences?
Before you jerks start emailing me about this, I’m not trying to claim this as my idea. I’ve heard it suggested before, but I really gave it some thought today.
Instead of pissing money away on phony global warming and porky special interests, imagine if we just gave a bunch of money back to the people.
-Chris Jones
Feds: No Recession Yet
It appears that we’re not yet in a recession (much to the chagrin of Democrats) at least according to the latest numbers released today.
The economy grew by 0.6 percent for the first quarter, which is not good but better than analysts were expecting.
The country’s economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday. The statistic did not meet what economists consider the classic definition of a recession, which is a retraction of the economy. This means that although the economy is stuck in a rut, it is still managing to grow, even if modestly.
Some analysts predicted growth of around 0.5 percent for the first quarter, and some even predicting negative growth. Now those same analysts have changed their minds and are predicting negative growth for the current April-June period.
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