economy grows! - Page 2

Reba · 11-02-2009, 04:53 PM

Quote:

Originally Posted by netrox

Oh, Ford is reporting almost $1 billion profit. Why? Clunkers!

" Ford Motor reported a surprise profit for the third quarter Monday, helped by a bump in sales from the Cash for Clunkers program, a reduced cost structure and problems at its U.S. rivals."

Big gains, I tell you!

Now that the clunker program has ended, what will the auto industry depend on for the next quarter's profits? Next year's profits?

Reba · 11-02-2009, 04:56 PM

Quote:

Originally Posted by netrox

You just don't understand. The goal of Clunker is to reduce oil consumption. If you give it to someone else, oil consumption goes up!

You MUST get a more energy efficient automobile if you want the rebate. It's that simple.

Obviously the Cash for Clunkers program wasn't intended to help poor people.

Jiro · 11-02-2009, 05:10 PM

Quote:

Originally Posted by Reba

Now that the clunker program has ended, what will the auto industry depend on for the next quarter's profits? Next year's profits?

we gave them an energy boost. now it's on them to keep the ball rolling. if it stopped, well that's too bad.

Foxrac · 11-02-2009, 05:36 PM

Quote:

Originally Posted by Reba

Obviously the Cash for Clunkers program wasn't intended to help poor people.

Work at minimum wage isn't enough to trade into new car, unless government will give a huge rebate for poor people to get new car but I'm seriuosly doubt because cost of insurance and taxes (car tags fee) will hit them so hard so it isn't suit for poor people, that why.

netrox · 11-02-2009, 07:00 PM

Quote:

Originally Posted by Reba

Obviously the Cash for Clunkers program wasn't intended to help poor people.

It costs money to maintain a vehicle (insurance, tuneup, gas, etc) and if they are poor to begin with, they shouldn't be owning a vehicle.

Mr. Averythest · 11-02-2009, 07:10 PM

Quote:

Originally Posted by netrox

It costs money to maintain a vehicle (insurance, tuneup, gas, etc) and if they are poor to begin with, they shouldn't be owning a vehicle.

That theory is flawed.

saywhatkid · 11-02-2009, 07:54 PM

Quote:

Originally Posted by netrox

It costs money to maintain a vehicle (insurance, tuneup, gas, etc) and if they are poor to begin with, they shouldn't be owning a vehicle.

Quote:

Originally Posted by posts from hell

That theory is flawed.

Agreed. Perhaps the use of a vehicle would enable them to get out of poverty. Little steps. Same as trying to find work as a homeless person. When a perspective employer asks for your address, and you have none, what does that convey to the guy offering the job? Not sayng we should have given out vehicles. That would be a whole new set of legal and logistical problems. I can already see the wealthy elbowing their way to the front of the free car lines....

darkdog · 11-02-2009, 09:16 PM

Quote:

Originally Posted by netrox

You just don't understand. The goal of Clunker is to reduce oil consumption. If you give it to someone else, oil consumption goes up!

You MUST get a more energy efficient automobile if you want the rebate. It's that simple.

It's estimated that with this program, it cost us hundreds of dollars per ton of CO2 saved (although estimates vary widely, from around $175 to as much as $500). Considering that carbon emissions trade for around $20 per ton on the European Climate Exchange, that's a horribly inefficient way to save energy.

Quote:

Originally Posted by Reba

Obviously the Cash for Clunkers program wasn't intended to help poor people.

If anything, it hurts the poor. Poor people don't generally buy brand new cars. They buy used cars, but the program required the old cars to be destroyed. Otherwise, they eventually would have gone into the used car market. That lowers the future supply of used cars which pushes the prices up which is burdensome for the poor.

Quote:

Originally Posted by Jiro

we gave them an energy boost. now it's on them to keep the ball rolling. if it stopped, well that's too bad.

I don't get it. Are they supposed to ramp up production based on a short-lived surge of sales? What happens when the sales numbers crash after the party's over, just as they did in September? How is that supposed to help them?

Cowpuppy · 11-02-2009, 10:58 PM

ahh...clunkers program not solely for lesser oil-gas consuption....it was intended also and maybe moreprimarily to give blood to automakers industry. Increase new car sales and help them survive the recession. Propping up automakers as part of stimulus.

Jiro · 11-03-2009, 12:43 AM

Quote:

Originally Posted by darkdog

I don't get it. Are they supposed to ramp up production based on a short-lived surge of sales? What happens when the sales numbers crash after the party's over, just as they did in September? How is that supposed to help them?

to empty the supplies of cars idling on massive parking lots.

kokonut · 11-03-2009, 12:49 AM

Quote:

Originally Posted by darkdog

It's estimated that with this program, it cost us hundreds of dollars per ton of CO2 saved (although estimates vary widely, from around $175 to as much as $500). Considering that carbon emissions trade for around $20 per ton on the European Climate Exchange, that's a horribly inefficient way to save energy.

If anything, it hurts the poor. Poor people don't generally buy brand new cars. They buy used cars, but the program required the old cars to be destroyed. Otherwise, they eventually would have gone into the used car market. That lowers the future supply of used cars which pushes the prices up which is burdensome for the poor.

I don't get it. Are they supposed to ramp up production based on a short-lived surge of sales? What happens when the sales numbers crash after the party's over, just as they did in September? How is that supposed to help them?

When I lived in NM I see all the time clunker cars getting towed on their way over to Mexico where the people there will fix them up and sell them for a tidy profit. I bet they were just shaking their heads with the C4Cs idiocy.

Mr. Averythest · 11-03-2009, 01:03 AM

GDP = around 13trillion for USA.

It grew 3.5% because the feds printed money out of thin air.

When the feds do that, gold prices go up because we have "more money" in circulation to buy gold, so...

Gotta understand the weave to profit big. =D

kokonut · 11-03-2009, 01:13 AM

GDP is based on three things.

Consumer spending
Investment of businesses
Government spending

The first two didn't occur while the last saw massive govt spending (while going into debt at the same time) is what produced the 3.5% change (not to mention other accounting creativity in the process, too).

Mr. Averythest · 11-03-2009, 01:15 AM

Quote:

Originally Posted by kokonut

GDP is based on three things.

Consumer spending
Investment of businesses
Government spending

The first two didn't occur while the last saw massive govt spending (while going into debt at the same time) is what produced the 3.5% change (not to mention other accounting creativity in the process, too).

Exactly, the first two did not occur because the federal reserve printed up money from thin air.

11-03-2009, 01:03 AM	#42 (permalink)
Mr. Averythest apotheosis, paragon of Join Date: Nov 2004 Posts: 1,841	GDP = around 13trillion for USA. It grew 3.5% because the feds printed money out of thin air. When the feds do that, gold prices go up because we have "more money" in circulation to buy gold, so... Gotta understand the weave to profit big. =D __________________ Bewb patrol here. I'd love to see your bewbs, please send them to me in PM here. Sets of bewbs sent to my pm box: 6 w00t! You guys are awesome! Keep sendin' em in! Itchy groin ASL and Deaf happy hour at Avery Brewery info (January 5th 2010)

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11-02-2009, 10:58 PM	#39 (permalink)
Cowpuppy Registered User Join Date: Oct 2006 Location: On The Road Again Posts: 618	ahh...clunkers program not solely for lesser oil-gas consuption....it was intended also and maybe moreprimarily to give blood to automakers industry. Increase new car sales and help them survive the recession. Propping up automakers as part of stimulus.

11-03-2009, 01:13 AM	#43 (permalink)
kokonut Registered User Join Date: Jul 2006 Posts: 3,645	GDP is based on three things. Consumer spending Investment of businesses Government spending The first two didn't occur while the last saw massive govt spending (while going into debt at the same time) is what produced the 3.5% change (not to mention other accounting creativity in the process, too).