Sunday, August 15, 2010
Russia does another round of its own, "Cash for Clunkers" because it was a huge success!
Russia understands that it's first "Cash for Clunkers" program was a huge success, boosting sales and production. So they're doing another!
What do we do here in America? NOTHING! We just criticize it for having been a failure, even though sales shot up 60% and industrial production jumped!
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8 comments:
Remember the good ol' days when people who were against Keynesian spending were considered anti-jobs?
Why don't we just give every citizen over the age of 18 $10,000, no make that $20,000. Why confine it to cash for clunkers?
Red,
Your sarcasm is noted.
You could, but there is nothing to say that people would decide to save that money rather than spend it. You could also cut taxes to some very low level to allow people to keep more of their income, but you could end up having the same problem.
The number is not important, what's important is that full employment is achieved. Whatever number it takes to achieve that is the right number. And once full employment is hit, it should be maintained, whether that comes about via the private sector, a combination of public/private or the government completely.
Mike Norman, once again you're batting 1,000!!! I totally agree with you!
It doesn't matter whether the government or the private sector creates the jobs, as long as the jobs are created to achieve full employment.
The federal government doesn't give a damn about this country. If it did, it would spend the dollars necessary to end this economic tragedy!
They should also give $5000 tax credit to the DIY crowd to remove their gasoline engine and make the car entirely plug-in.
They should also give the Austrian school a big foot in the derriere.
The republican't crowd want to have us suffer with no stimulus based on the deficit terrorist paradigm. Emasculating budgets for the purpose of masking a false "strong dollar policy" which is against their real agenda of a weak dollar so that they can "export" more as if that is where all the real dough is.
Globalization is not new, there are only new players and veterans still in the game.
Exporting for export sake is not a policy it is a sham.
Joker:
Got some REAL jokers running policy!!
Goog,
Well said.
What is your take on plug-in hybrids? I am very high on them as a real game changer.
Resp,
Hi Matt :
Hybrids are nice, but I really want to decentralize auto making and DIY one for myself so I can see if I can get 100 MPG
Check out www.Calcars.org and you can buy a hybrid now, and then go all the way with a complete plug in later. Just figure out what is the best car to start and make over.
I have a question for you and Mike :
IF we have another dow drop to 6000or less, then we should expect another strengthening of the Yen.
It is ironic to see that the Japanese are still trying to wiggle out of the strongest currency position by claiming they need to make more bonds or whatever.
One way the Fed/Tsy and Gov could get the Japanese to buy our debt again would be to SPIKE the U$D and this would then SPIKE the YEN.
When the Yen goes so high, then the Japanese would easily be able to buy more US debt as well as European debt.
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