We're not dealing with this downturn well, are we?
The more I think on the Cash for Clunkers, the crazier it seems. Let's say the average cost of a new car is 20k. That means that for every 3500.00 spend by the government, the consumer has correspondingly gone into debt by five times that much.
Debt that has to be paid back.
Volkswagon thanks us.
Toyota thanks us.
Honda thanks us.
We are creating a nation of credit serfs. Why not just say, hey, for every 20k you spend on on your credit cards, the government will guarantee 3500.00 worth of it.
Makes about as much sense.
Oh, what does it matter. It's all pixels, right? Data somewhere. We can print more money, or we can go bankrupt, or we can work like serfs to pay the company store.
Another thing that has occurred to me, proving I'm irredeemably cynical.
Free money?
Massive fraud.
But that probably won't happen this time, because car dealers are so well known for being honest and reliable....right?
The more I think on the Cash for Clunkers, the crazier it seems. Let's say the average cost of a new car is 20k. That means that for every 3500.00 spend by the government, the consumer has correspondingly gone into debt by five times that much.
Debt that has to be paid back.
Volkswagon thanks us.
Toyota thanks us.
Honda thanks us.
We are creating a nation of credit serfs. Why not just say, hey, for every 20k you spend on on your credit cards, the government will guarantee 3500.00 worth of it.
Makes about as much sense.
Oh, what does it matter. It's all pixels, right? Data somewhere. We can print more money, or we can go bankrupt, or we can work like serfs to pay the company store.
Another thing that has occurred to me, proving I'm irredeemably cynical.
Free money?
Massive fraud.
But that probably won't happen this time, because car dealers are so well known for being honest and reliable....right?