Even Free Government Money Under "Cash for Clunkers" Can't Stop Automotive Bleeding

Discussion in 'Economics' started by ByLoSellHi, Aug 3, 2009.

  1. they assume the cars are of a quality that they want.
  2. S2007S


    I have a feeling after this $2 Billion is depleted they are going to send even more money towards this cash for clunkers, I think they might keep it going until the end of 2009.

    Only way to keep this economy afloat is with free handouts, sad that everyone thinks growth is going to come out of these stimulus plans, all were doing is creating more debt, sad, sad fools.
  3. People will become conditioned to "waiting for discount/credit" before buying anything. Bad for margins and profits.
  4. S2007S


    Just as I have been saying, its going to really F$ck with consumer psychology going forward.
  5. MattF


    let's see..

    1 billion barely lasted a week.
    2 more billion might get it through another 7-10 days.

    They wanted this to last through September 30th.

    That's about 8-10 billion easy given the strong demand.
  6. The government should just pay 50% of the cost of a new car for anyone who wants one for the next couple of years.

    Why not?

    Hell, make it 75%.