cpurcell wrote:I think that the Cash for Clunkers was a horrible mistake!
The cash flows from:
- Responsible Taxpayers to
- The Government to
- The Car Dealers to
- mostly Oversees Car Manufacturers
Not everyone deserves a new car, just like not everyone deserves health care!
Now, instead of reusing these older cars, we're simply trashing them, and exporting our money over to China and Japan! This is the wrong way to stimulate our economy, and there were so many other options that we should've exploited!
---C
You realise that the economic crisis is global, right? And that the economic system is not a zero-sum game? Japanese companies employ large numbers of Americans and develop great technology.
I think it's a shame that American car companies are suffering, but I don't see why they should be supported out of a misplaced of sense of patriotism while they produce inferior products.
It's also worth noting that it's pretty natural that the old cars traded in were from US companies, and many of the newer cars purchased are from foreign firms. You really just need to compare the markets of different periods. Foreign firms have been making cars that are better, on average, than the output of US companies for years now, while the American car industry has been in decline.
It's extremely rare to see American cars in most countries around the world. Ford being the major exception. People just don't like them.
Maybe with the bail-outs they'll change and embrace a better model for business and design. That will involve foreign expertise though.