http://www.leeeldridge.com/cash-for-clunkers-not-economic-stimulus/ A Bit of Commentary Thu, 26 Jan 2012 02:26:45 -0600 http://wordpress.org/?v=2.8.2 hourly 1 http://www.leeeldridge.com/cash-for-clunkers-not-economic-stimulus/comment-page-1/#comment-4 Steevo Fri, 07 Aug 2009 14:55:01 +0000 http://www.leeeldridge.com/?p=20#comment-4 No, not stimulus in the classic sense though I think that the program could be stimulative in respect to the overall mindset of the consumer. It's certainly stimulative to car dealers and the auto industry who I'm sure are appreciating the booster shot. If auto makers do better, show better earnings, add to any other good news coming from the financial markets, it will have a positive effect on consumer confidence. Also, less money spent on gas means more money can be spent stimulating other areas of economy. I saw you can get a new Kia that probably gets great gas mileage for less than 5k. I'm a pickup guy though. Problem for us pickup drivers is that they are already overpriced just because they're pickups. No, not stimulus in the classic sense though I think that the program could be stimulative in respect to the overall mindset of the consumer. It’s certainly stimulative to car dealers and the auto industry who I’m sure are appreciating the booster shot. If auto makers do better, show better earnings, add to any other good news coming from the financial markets, it will have a positive effect on consumer confidence. Also, less money spent on gas means more money can be spent stimulating other areas of economy. I saw you can get a new Kia that probably gets great gas mileage for less than 5k. I’m a pickup guy though. Problem for us pickup drivers is that they are already overpriced just because they’re pickups.

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