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Larry Kudlow: Why I Like the "Cash for Clunkers" Plan
Real Clear Markets ^ | 8/6/2009 | Larry Kudlow

Posted on 08/06/2009 6:16:57 AM PDT by SeekAndFind

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To: SeekAndFind

wait until all those happy driving sheeple cannot afford the six dollar a gallon Obama gas in a few months....


41 posted on 08/06/2009 8:13:41 AM PDT by Buckeye McFrog
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To: 9YearLurker

“Yes, and a nationalized healthcare plan that only encourages euthanasia for those over 65 is better than one that encourages it for Republicans of any age, so why don’t we get behind that while the going’s good?

In fact, let’s follow the lead of the drug companies and make a secret deal with the administration that they not come after any Republicans under age 65!”

Hold on there, I never said anything about getting behind the cash for clunkers program, I’m simply expressing some relief that they are spending time working on a program in the low billions instead one that’s in the hundreds of billions. Just about everything this administration and congress have done is harmful, and they are quite eager to continue on their path of destructive behavior; I don’t expect their behavior to improve, so I’m glad when their attention is diverted by matters that are relatively small so that they are not doing greater damage elsewhere.


42 posted on 08/06/2009 8:53:19 AM PDT by Texan Tory
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To: IYAS9YAS
IYAS9YAS said: "The opinion was that he was getting a roundabout tax rebate as he'd certainly paid considerably more than that $4,500 in taxes."

Without a corresponding reduction in government spending, a tax rebate is irresponsible and increases the burden on our grandchildren to pay the money back.

If your friend was going to make the trade anyway, then it makes sense for him. It makes little sense for the government to be coercing people with money to make purchases that they otherwise would avoid. It must displace other more sensible transactions.

43 posted on 08/06/2009 9:46:11 AM PDT by William Tell
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To: William Tell
If your friend was going to make the trade anyway, then it makes sense for him.

He was.

44 posted on 08/06/2009 9:59:11 AM PDT by IYAS9YAS
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To: SeekAndFind

C4C will pump the 2nd half economic numbers for Baraq and the Dems.
That’s what it’s all about.

And 40% or so of the sales are going to companies with his UAW buddies which helps them a bit. Baraq needs to keep Government Motors and Fiat alive until Nov 2012.


45 posted on 08/06/2009 10:09:25 AM PDT by nascarnation
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To: Anima Mundi
What does anybody expect to happen when all these people realize they now have a new big car payment each month?

Does Fannie Mae or Freddie Mack ring a bell? The dims FORCED banks to loan money to home buyers who could not afford the homes, and taxpayers were forced to bail them out. This will be another guvmint bailout.

46 posted on 08/06/2009 11:01:15 AM PDT by Arrowhead1952 (Jimmy Carter - now the second worst POTUS ever. BHO has #1 spot in his sights.)
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To: SeekAndFind

I like clunkers.

The pool of future used cars is being depleted.

It is madness to destroy a functioning automobile, junking it, salvaging no parts or components and simply selling the scrap to China.

Anyway, if you can afford new car payments, why the hell do you need a handout?


47 posted on 08/06/2009 11:17:55 AM PDT by swarthyguy (MEAT, the new tobacco. Your right to eat meat ends where my planetary ecosystem begins.)
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To: ctdonath2
Um...that's limited to those who actually HAVE a drivable "clunker" that they can trade in, AND have enough disposable income to pay the difference between $4500 and new car.

How many of the people who would be eligible for the program and can really afford a new car would be inclined to drive a real "clunker"? The purpose of the program is to destroy cars that should be replacing real clunkers. Though I wouldn't be surprised if the fact that many people will buy new cars who shouldn't be doing so will be treated as an advantage as well.

48 posted on 08/06/2009 3:44:22 PM PDT by supercat (Barry Soetoro == Bravo Sierra)
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