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Thread: Clunkers' Effect on Pollution? A Blip

  1. #21
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    Re: Clunkers' Effect on Pollution? A Blip

    Quote Originally Posted by Smoke[MaxX] View Post
    As far as the person who put it into the bank is concerned, yes.
    So then why do banks fail?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Clunkers' Effect on Pollution? A Blip

    Quote Originally Posted by WI Crippler View Post
    I'll be honest, I'm not really sold on this "buy American" when it comes to cars. I mena, if I buy American, I inevitably am supporting the UAW which I don't like. If I buy a foreign made car, say a BMW, which has a plant 1 hour south of me, or a Subaru which has a plant in Indiana, I am supporting non-union jobs in this country. The money at the top is going to somewhere overseas, but people that high up aren't really my concern. It seems I support American workers no matter what car I buy.

    But its a moot point, since I'll never buy a new car anyway. I always buy used.
    I used to buy used, back when a day old used car had only half the value it did the day before. These days, cars hold their value, and a two year old used car is not that much less than new, except it is filled with secret problems from the original owner. I buy new now.

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    Re: Clunkers' Effect on Pollution? A Blip

    Quote Originally Posted by Smoke[MaxX
    ]Not really. If people can't afford a car, it'll be hard to convince a bank to give them a loan if they're already in debt. My personal idea would be to buy one of those clunkers off a poor guy for $2500 or so (even if it's only worth $1500) and then trade it in. That way I come out $2000 ahead (assuming the max $4500 trade-in), the guy comes out on top $1000, and the car lot gets business. The poor guy wouldn't be able to buy a new car anyway, so he makes $1000 and buys either a better car than he had or does something good with the money.
    Won't work. You have to prove you've owned the vehicle for at least one year.
    Okay, explain how money sitting around in the banks of rich people helps the economy. Our economy prospers when there's a constant exchange of money flowing. When there is less money flowing? Our economy is going downhill. It's a recession, but economists will tell you to spend, spend, spend. It might make you a little bit poorer for a moment, but it'll help the economy. Am I wrong?
    Yes, you are wrong. Next question?

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Clunkers' Effect on Pollution? A Blip

    U.S. ‘Clunkers’ Add 0.5 Percentage Point to GDP: Chart of Day
    Bloomberg News
    Aug. 5 (Bloomberg) -- The U.S. economy is poised to emerge from the worst postwar recession as early as this quarter, with manufacturers boosted by the government’s “cash-for-clunkers” program, according to the two biggest U.S.-owned automakers.

    The CHART OF THE DAY shows the purchasing manager’s index, the annualized rate of U.S. auto sales and changes in the nation’s gross domestic product. The PMI reading in July was the highest since Lehman Brothers Holdings Inc. collapsed, and the gauge’s trend signals August could be the first month since January 2008 when more manufacturers report improving business conditions than deteriorating.

    “Cash for clunkers came at a very, very good time to jump-start the economy,” Mike DiGiovanni, sales analyst at Detroit-based General Motors Co., said at a teleconference. The so-called Car Allowance Rebate System, which provides credits of as much as $4,500 for the purchase of a new car when an older vehicle to be scrapped is handed over, ran through most of its initial $1 billion of funding within a week.

    “If the cash-for-clunkers program is extended by the additional $2 billion that passes the Senate, it could boost third-quarter GDP by 0.5 percentage points,” DiGiovanni said.

    The economy shrank at a 1 percent annual pace from April through June after contracting 6.4 percent in the first quarter. GDP will expand an annualized 1 percent in the current quarter, according to a Bloomberg survey taken last month.

    “We’re close to the end of the contraction,” Emily Kolinski Morris, senior economist for Ford Motor Co., said at a separate teleconference in Dearborn, Michigan. “The pace of decline in the second-quarter GDP report was encouraging and, importantly, the inventory cycle apparently is well under way.”
    Suck it

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    Re: Clunkers' Effect on Pollution? A Blip

    Quote Originally Posted by The Prof View Post
    From ABC News, an AP piece, written by Science Writer Seth Borenstein, August 4

    `Cash for Clunkers' Effect on Pollution? A Blip - ABC News

    1. The Clunker Conjecture amounts to ONE HOUR PER YEAR of global warming

    2. It saves 4.5 hours worth of gasoline, nation wide



    3. The credibility of Clunkers is crashing cuz most of the cars purchased---for the express purpose of pumping up the US economy---are foreign brands

    4. It also demands the destruction of millions of dollars of assett, used cars that could help thousands of Americans get to work or shuttle about their families, it looks to skew screwy the pre-owned car market, it appears to be a drag on auto mechanics and parts suppliers, etc

    4. In the name of environmentalism it looks to scrap tons of landfill, it pours liquid glass into engines, rendering worthless the most recyclable parts of discarded cars, wreckers don't want em, for instance...

    5. As law, it's typically clumsy and ad hoc in its conception and execution, like Keystone Kops

    6. It's also pertinent that the preference of consumers, when it comes to the few American cars they ARE buying, is for Ford, which did NOT receive a bailout, over Govt Motors, as the latter is apparently perceived as less solvent in the long run


    The Prof
    So, because one program is not living up to expectations, the entire effort to reduce pollution is not worth while.

    Got it.

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    Re: Clunkers' Effect on Pollution? A Blip

    Quote Originally Posted by sam_w View Post
    U.S. ‘Clunkers’ Add 0.5 Percentage Point to GDP: Chart of Day
    Bloomberg News


    Suck it
    Rising GDP is not necessarily indicative of getting out of a recession. Prove to me that quality of life is going to rise.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Clunkers' Effect on Pollution? A Blip

    Quote Originally Posted by Orius View Post
    So, because one program is not living up to expectations, the entire effort to reduce pollution is not worth while.

    Got it.
    LOL!

    who's talking about "entire efforts to reduce pollution?"

    the entire thread was about "one program," which, according to YOU, "is not living up to expectations"

    silly

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    Re: Clunkers' Effect on Pollution? A Blip

    So it just saved us one hour per year of something that never actually existed in the first place? LOL

    What's Obama's plan to protect us from the boogie man and the monsters in our closets?

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    Re: Clunkers' Effect on Pollution? A Blip

    Quote Originally Posted by phattonez View Post
    So then why do banks fail?
    Are you really going there? Banks fail (for the most part) because of their own stupid "investments" or risks that they take. If a bank fails, it's the banks fault. If the economy depends on people spending money (which it does) then it's the consumers' faults.

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    Re: Clunkers' Effect on Pollution? A Blip

    Quote Originally Posted by Gill View Post
    Yes, you are wrong. Next question?
    Why do you molest children? And no, I don't mean it as a personal attack. I mean it as a question that I can state without proof, as you just did. Why don't you back up your argument instead of just saying I'm wrong. Perhaps you're wrong about everything in life. Until proof is shown either way, it's all speculation and heresay.

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