I've got a simple question for those who believe this program is helping reduce greenhouse gases:
a. Clash for clunkers not only puts greener cars on the road, but it also 'stimulates' the economy. That is, after all, one of the supposed benefits of this program, simulation of the sagging auto industry and the overall economy.
b. A 'stimulated' economy means economic growth, i.e. more workers producing more goods resulting in increasing domestic product and consumer spending.
c. Increased consumer activity leads to more people driving around in their new green cars buying ever more products produced by energy.
Question: Is the increase in greenhouse gas a net minus or a net plus?
(Please show the equations and calculations used to arrive at the answer.)
Let me get this straight - this is your evidence for the claim that the program will increase GDP by .5%?
1) Hilarious how those on the left excoriate the right for being too close to corporations, but are now apparently basing their policy decisions on the economic predictions of some "sales analyst" at GM.“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.
2) Is this guy retarded? If the government could increase the GDP by 0.5% simply by investing $2B, that would be the greatest investment in the history of the world.
People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.
Yeah. Kinda makes you wonder what that $787 bn was needed for. Even if the GDP fell by 7% (which, per annum, it didn't) and we wanted to raise it to +3%, that's only $40 bn, by this reasoning.2) Is this guy retarded? If the government could increase the GDP by 0.5% simply by investing $2B, that would be the greatest investment in the history of the world.
2001-2008: Dissent is the highest form of patriotism.
2009-2016: Dissent is the highest form of racism.
2017-? (Probably): Dissent is the highest form of misogyny.