Quote:
Originally Posted by Bear Cub
Another ridiculous, poorly planned, and even more poorly executed part of our "stimulus", now setting us an even further $2 billion in the hole. What jobs exactly are being generated by this? What's the environmental impact of the disposal of these cars? What happens when all these people who could only afford to drive junkers, run off and finance a new vehicle just because their $200 in scrap is now worth $4500?
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The $2 billion is coming from other stimulus funds, so there's no net change. I'm guessing you're not a fan of the stimulus program.
It was more successful than congress initially anticipated. So they put some more into it. Doesn't seem particularly poor planning to me.
Increased demand for new cars. That means, car companies have to make more. To make more, they hire more people to make the cars.
Good question about the environmental impact. Cars are mostly made of metal, and metal is pretty recyclable. Not counting the used parts market (they have to disable the engine, but there are plenty of other used parts on a car.
With regards to the people buying more car than they can afford thing....hello, personal responsibility?