Quote:
Originally Posted by Derwood
how is having a few hundred thousand people sign up to buy a new car (in a week, no less) bad for the economy again?
and why the assumption that everyone buying a new car is incapable of handling the loan?
talk about grasping at straws.....there are plenty of crappy parts of the stimulus plan, this isn't one of them
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Its an artificial boost of the economy at best. There will be the mad influx at the very beginning as we're seeing. After that, all the road-going clunkers that meet the requirements are gone, and these spectacular sales rates as the result of it disappear.
Look at the logistics of buying the new cars. You've got people driving beaters trading them in for new vehicles. Sure, not everyone will have trouble with the financing, but if the $4500 will make or break you being able to buy a new car, should you be financing to begin with?
Does encouraging people to finance the second biggest expense most people have besides a mortgage during a time period in which poor spending and lending practices were largely responsible for economic downturn REALLY seem like a good idea? If you think so, more power to you, I'm just glad you don't have my vote. Its nothing more than a continuing pattern of government interfering with businesses that should have been left on their own to survive or fail, but with another bullshit "eco-friendly" guise.
---------- Post added at 11:41 AM ---------- Previous post was at 11:39 AM ----------
Quote:
Originally Posted by QuasiMondo
If it means thieves will stop stealing up the copper grounding plates on my cell sites then I'm all for it.
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Copper theft will increase if steel prices diminish and there is less legitimate scrap for them to cash in on. We have 24 hour security at our job sites accordingly.