Quote:
Originally Posted by
Wormhole 
Please name a car for which this does not apply.
I did. I named several. Low value doesn't make the car bad. Specifically? My neighbor traded in a Grand Am like I was talking about (not under clunkers). The car was fine, but not worth a lot. These kind of cars...ones with 75,000 miles and 6-10 years old...were destroyed under the program because the government gave people more money then they were worth. There was nothing wrong with a lot of them.
Quote:
Originally Posted by
Wormhole 
These are Marxistic ideas. I do like some Marx here and there. I also like French cheese.
Trumpt is about as far from a Marxist as I can imagine.
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I believe in the market. The monetary value of an object (car) is a reflection of :
1) Popularity
2) cost to quality
3) Advertisement
4) Brand recognition and acceptance
5) Word of mouth
Perception. That's what it is. Nothing more.
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A car is not Real Estate. Otherwise you would be able to deduct your car loan interest.
I don't think anyone claimed otherwise.
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Cash for Clunkers eliminated cars with no real market value.
I'm sorry...was that the point of the program...to remove cars with no market value? No, of course not. It was to stimulate sales and remove old, unsafe, polluting cars from the roads. [/quote]
Quote:
Your socialist "oh, the poor people can't buy these cheap used/trashed cars" ideas are irrelevant in the US. This is a capitalist country.
It's not socialist to complain that perfectly good, low cost cars have been removed from the market. It's not socialist to lament problems lower income people have. Several of us oppose this program BECAUSE its socialist in many ways. It's a program that is giving away cash. But trump is the socialist?
Quote:
Originally Posted by
jazzguru 
It's interesting how some people will try to justify or explain away blatant failure when the alternative is admitting they were/are wrong.
I think they convinced themselves of how great it was. "Look at all the cars that were sold! What a stunning success!" Of course, they don't talk about how dealers are now hurting again. This is the problem with demand side economics like this. It's a short term boost.