ww
Obama’s nemesis- Supply and Demand.
Hey, something finally works out for me! I am thinking of selling my little car and getting a vehicle more suited for toting my 2 large dogs. Maybe even a gas guzzler! ;-)
Actually it’s econ 101, the more you reduce the supply of a product, the higher the price. Demand could also be reduced, but if not at same pace as supply, price will go up. Then again, this is the same group of geniuses that said unemployment would go up to 8% with the stimulus.
I predicted this when I first heard of this program. Unintended consequences when the government meddles with supply and demand.
The list, ping
Only a lib didn’t see this coming. So, folks of limited means who are looking for a good used car get screwed by Bamster.
Another dumb decision by Obama!
ping.
That’s one BIG DUH!!!
I wouldn't say unintended. The consequences are inconsequential to them. They don't care one way or another, just like they never cared one way or another for all the other failed programs from the past 50 years. This is about spending public money while appearing to do good.
Not to worry. Obeyme will probably introduce legislation putting a cap on the amount of money someone can sell a used car for. All is well.
Next week The Messiah will announce his Clunker Czar, perhaps Jammy Cahtah.
Is there anything that leftist won’t screw up???
Go away leftists. Just GO AWAY and let this country heal and get better.
I tend to ignore propaganda coming out of the home of UAT, but this piece I totally agree with.
Poor people often can’t get a loan from an institution to buy a new car, so this ‘cash for clunkers’ thing wasn’t going to help them.
If they already own a used car, they will have a harder time finding parts for their cars because there will be less used units to build remanufactured parts from. These parts will also cost more. Supply and Demand.
If they need a car and want to buy one, oftentimes their only option would be a Used Car Dealer that ‘Totes the Note’ or advertises ‘Your Job is Your Credit.’ and short supply will end up making their costs higher through this route, as well.
Lose-Lose for everyone except those Dealers and a few people that got a steal on a cheap econobox.
I guess we could call this one, the Bigtime Cash for a Clunker program. Way to go Bammie.
And now with healthcare coming, we are a goner! And do not forget about the climate bill coming up next, then freebies for the illegals to become American citizens, robbing our Social Security and Medicare systems blind, with hardly any contribution having been made by them!
Go figure......
Ten thousand years from now, economics textbooks will mock the ignorance of President Barack Obama and his pathetic band of tax cheats and Communists.
Entirely predictable. In a downtrending economy, people want less expensive vehicles, less debt. If that means burning a little more gas, oh well, pay as you go. Crushing a million running used cars puts a dent in the market, so sure the price is going up, as will the cost of maintaining them (with the used parts from a million vehicles crushed too).