Duh. After fleecing the taxpayers of $3 billion in the form
of "Cash for Clunkers," the auto industry has woken up to ugly
reality: the program likely accelerated rather than
increased sales. After the bout of binge drinking comes the
hangover.
Many auto industry analysts and dealers expect sales volumes to
fall now that the program is over. They worry that many people
who took advantage of the program were merely accelerating
purchases they would have made later in the year.
If that's true, the premature sales could hurt automakers,
which increased production in the third quarter to replenish
clunker-depleted inventories that had already grown low because
of factory shutdowns over the summer.
Because there's a lag time between production and getting a
vehicle to a dealership, the new vehicles "will hit when
there's a lower demand," said Jeff Schuster, executive director
of forecasting at the auto industry research firm J.D. Power
and associates.
"There might not be as many people to buy because they bought
during the clunker program," he said. "And if at the same time
there's less of an incentive program from carmakers, you could
have fewer people buying. That could stall the recovery we're
in."
Jeremy Anwyl, chief executive of Edmunds.com, another
automotive research group, agreed.
" 'Cash for Clunkers' created a nice little blip," he said.
"We'll look back and say, 'Nice party, but the hangover is
awful.' "
Personally, I think the program was an unmitigated success. I
mean, giving money to people who otherwise wouldn't have it,
without repercussions (except for those phony ramifications
drummed up by callus Republicans trying to prevent the common man
from grabbing his fistful of cash from the mountain of money
that's lying around)? Totally cool, dude.
We should give everyone (well, every victim of white oppression)
$4,500, perhaps on a weekly basis, to buy whatever they want (I'm
sure Krugman the Keystone Keynesian would approve!).
If major appliances are next in the "clunker" repertoire, I'm all
for it. If Cash for Clunkers morphs into Cash for the Carribean,
who's to say it isn't every American and illegal alien's right to
take a vacation on the taxpayers' dime? Hello!!!! It's right
there in the constitution - the Pursuit of Happiness, right?
And I'm sure the maturing cell phone industry could use a shot in
the arm. Why not a Cash for iPhones Program? You can't be seen
with an 18-month old iphone, you know. Tres Gauche.
Is this a great country or what? We live in heady times. After 5
or 6 centuries of enduring all manner of governments susceptible
to corruption, stupidity, reactionism, pandering, lying, inertia,
patronage, tribalism, inefficiency, avarice, vengeance, folly and
an overall wickedness that reflects the beastly nature out of
which all governance is carved, Barack Obama the Magnificent has
finally delivered unto us the altruistic coup de gras: Government
with a Midas touch - give or take a few dozen trillion in debt.
And indeed, thanks to the cracker-jack liberal mind, we have,
since the days of Wilson, been moving unerringly toward this
momentous Utopia. Why, everything Big Government's caring and
unselfish fingers (unsullied by captialist GREED) comes into
contact with turns into perfect, socially-engineered,
newly-minted gold. Social Security, Medicare, Medicaid, the
education system, Big Agra, Ethanol, Amtrak, welfare, the post
office (to name a few) - it's as if the Lord God (if there were
one) had broken off a little piece of Lake Paradise and poured it
right there into the pit of Washington DC, the wonderous ripples
from which emanate goodness and prosperity to the farthest
reaches of the globe, taking from the undeserving rich and giving
to the deserving poor. Tis a veritable symphony of righteousness.
Personally, I can't wait for the benefits of this pristine
altruism, the sheer wonderfulness, of the government's wisdom to
be visited upon my body. Why should I or my family make decisions
about my health care when that's what government does best? Yes,
yes, I know bloated bureaucracy is the quicksand into which the
efficient allocation of resources has ALWAYS fallen in the past,
but THIS TIME IT'S DIFFERENT! Why, I can't WAIT for a career
paper pusher somewhere in the bowels of a non-descript office
somewhere in Maryland, embittered by a failing marriage, a static
career, a drinking problem and a mandate from his jerk of a boss
to approve fewer expensive procedures, to tell me, "Aging
Taxpayer #231,438,884" whether I really need that heart valve
replacement.
Oh joy, oh rapture: Can you imagine my face when I get the letter
from Washington?
I mean, with a track record like the US Government's, what could
go wrong?
The Silver Fox| 8.25.09 @ 1:20PM
grzmlyk's comment makes as worthy reading as the article itself!
Solo| 8.25.09 @ 3:26PM
Yep...Ole' Grz is in rare form today!
To the article....
I don't see how anyone could be surprised by this. Of course
there's going to be a hangover after this orgy of spending other
people's money. What the hell did they expect?
Now that they've spent a week in Vegas doing shots of Mescal and
snorting coke from a hooker's arse, staggering back to reality is
going to be a little tough.
When it's all said and done, we won't have accomplished a damned
thing. The auto dealers won't have made a single dime more over
the course of an entire year while we've added to the debt by
handing out money that we didn't have to people who really didn't
need it.
Oh....and by destroying the "clunkers" we've taken a large number
of used cars off the market driving up prices -thus reducing
sales and costing more people their jobs!
Genius! Shear genius!
"Yes We Can"!
Kurt| 8.25.09 @ 4:00PM
Wait till the folks get the TAX BILL for the "$4,500" in INCOME
the 'G'overnment "GAVE" to them!!!!! HAHAHAHAHAHAHA!!!!!
SUCKERS!!!!
jr| 8.25.09 @ 4:36PM
My my,"the auto industry has woken up to ugly reality." If you
had asked a few questions to a fairly intelligent sophomore (home
schooled) the kid would have been able to guess this fairly easy.
Now that his parents spent several thousand for the new car and
mortgaged it, they will pay a sizeable chunk for more auto
insurance and more local taxes. What a bargain!
Richard Baker| 8.25.09 @ 6:12PM
My friend in the auto business told me that the number of forms
per "Clunker" sale was between 65 and 70 and this on top of all
the other forms required by State and Federal mandate plus
financing. Wonder what the cost of all this paperwork was per
car.
…has woken up to ugly reality: the program likely accelerated rather than increased sales. After the bout of binge drinking comes the … See the original post: The American Spectator : AmSpecBlog : Now the Auto Industry is … Categories: Main Tags: Leave a Reply Click here to cancel reply. Name (required) Mail (will not be published) (required) Website Before you submit form: Please, choose…
…of “Cash for Clunkers,” the machine business has woken up to grotesque reality: the information probable expedited kinda than accumulated sales. Read more here: The dweller Spectator : AmSpecBlog : Now the Auto Industry is … Posted in Sales, Uncategorized | Tags: adding-domains, after-the-bout, afternic, announced-its, binge-drinking, form, increased-sales-, industry-has, program, Sales,…
…grotesque reality: the information probable expedited kinda than accumulated sales. After the pugilism of indulgence crapulence comes the … Here is the example post: The dweller Spectator : AmSpecBlog : Now the Auto Industry is … Posted in Uncategorized | Tags: after-the-bout, binge-drinking, comes-the, fleecing-the-taxpayers, form, increased-sales-, industry-has, likely-accelerated, taxpayers,…
…up to grotesque reality: the information probable expedited kinda than accumulated sales. After the pugilism of indulgence crapulence comes the … See example here: The dweller Spectator : AmSpecBlog : Now the Auto Industry is … Posted in Uncategorized | Tags: after-the-bout, increased-sales-, industry-has, likely-accelerated, program, taxpayers, the-form, the-program, ugly-reality Leave a Reply…
…modify of “Cash for Clunkers,” the machine business has woken up to grotesque reality: the information probable expedited kinda than accumulated sales. More: The dweller Spectator : AmSpecBlog : Now the Auto Industry is … Posted in Sales, Uncategorized | Tags: after-the-bout, binge-drinking, clunkers, comes-the, fleecing-the, industry-has, likely-accelerated, Sales, taxpayers, the-form,…
…up to grotesque reality: the information probable expedited kinda than accumulated sales. After the pugilism of indulgence crapulence comes the … Read the rest here: The dweller Spectator : AmSpecBlog : Now the Auto Industry is … Posted in Sales, Uncategorized | Tags: after-the-bout, bout, comes-the, fleecing-the-taxpayers, increased-sales-, industry-has, likely-accelerated, Sales, taxpayers,…
…up to grotesque reality: the information probable expedited kinda than accumulated sales. After the pugilism of indulgence crapulence comes the … Continued here: The dweller Spectator : AmSpecBlog : Now the Auto Industry is … Posted in Sales, Uncategorized | Tags: bout, clunkers, comes-the, fleecing-the, likely-accelerated, program, the-form, the-program, ugly-reality Leave a Reply Click here to…
…106 Show more Shortened Links Linking to the spectator.org page http://bit.ly/cfiDB info http://bit.ly/68Nl7 info http://bit.ly/37VAUh info 4 tweets Tweet The American Spectator : AmSpecBlog : Now the Auto Industry is Worried About Clunkers spectator.org/blog/2009/08/25/now-the-auto-industry-is-worri – view page – cached Duh. After fleecing the taxpayers of $3 billion in the form of "Cash…
Campy| 8.26.09 @ 5:14PM
Grzmlyk,
You may not get back here to see this, but your post now seems
pretty scary; did you invoke this?!
Often the best homeowners insurance policies come from smaller and
mid-range companies and not from the household name giants. In
addition, the plans that are available online generally represent
high quality and value these days.
grzmlyk| 8.25.09 @ 9:02AM
Personally, I think the program was an unmitigated success. I mean, giving money to people who otherwise wouldn't have it, without repercussions (except for those phony ramifications drummed up by callus Republicans trying to prevent the common man from grabbing his fistful of cash from the mountain of money that's lying around)? Totally cool, dude.
We should give everyone (well, every victim of white oppression) $4,500, perhaps on a weekly basis, to buy whatever they want (I'm sure Krugman the Keystone Keynesian would approve!).
If major appliances are next in the "clunker" repertoire, I'm all for it. If Cash for Clunkers morphs into Cash for the Carribean, who's to say it isn't every American and illegal alien's right to take a vacation on the taxpayers' dime? Hello!!!! It's right there in the constitution - the Pursuit of Happiness, right?
And I'm sure the maturing cell phone industry could use a shot in the arm. Why not a Cash for iPhones Program? You can't be seen with an 18-month old iphone, you know. Tres Gauche.
Is this a great country or what? We live in heady times. After 5 or 6 centuries of enduring all manner of governments susceptible to corruption, stupidity, reactionism, pandering, lying, inertia, patronage, tribalism, inefficiency, avarice, vengeance, folly and an overall wickedness that reflects the beastly nature out of which all governance is carved, Barack Obama the Magnificent has finally delivered unto us the altruistic coup de gras: Government with a Midas touch - give or take a few dozen trillion in debt.
And indeed, thanks to the cracker-jack liberal mind, we have, since the days of Wilson, been moving unerringly toward this momentous Utopia. Why, everything Big Government's caring and unselfish fingers (unsullied by captialist GREED) comes into contact with turns into perfect, socially-engineered, newly-minted gold. Social Security, Medicare, Medicaid, the education system, Big Agra, Ethanol, Amtrak, welfare, the post office (to name a few) - it's as if the Lord God (if there were one) had broken off a little piece of Lake Paradise and poured it right there into the pit of Washington DC, the wonderous ripples from which emanate goodness and prosperity to the farthest reaches of the globe, taking from the undeserving rich and giving to the deserving poor. Tis a veritable symphony of righteousness.
Personally, I can't wait for the benefits of this pristine altruism, the sheer wonderfulness, of the government's wisdom to be visited upon my body. Why should I or my family make decisions about my health care when that's what government does best? Yes, yes, I know bloated bureaucracy is the quicksand into which the efficient allocation of resources has ALWAYS fallen in the past, but THIS TIME IT'S DIFFERENT! Why, I can't WAIT for a career paper pusher somewhere in the bowels of a non-descript office somewhere in Maryland, embittered by a failing marriage, a static career, a drinking problem and a mandate from his jerk of a boss to approve fewer expensive procedures, to tell me, "Aging Taxpayer #231,438,884" whether I really need that heart valve replacement.
Oh joy, oh rapture: Can you imagine my face when I get the letter from Washington?
I mean, with a track record like the US Government's, what could go wrong?
The Silver Fox| 8.25.09 @ 1:20PM
grzmlyk's comment makes as worthy reading as the article itself!
Solo| 8.25.09 @ 3:26PM
Yep...Ole' Grz is in rare form today!
To the article....
I don't see how anyone could be surprised by this. Of course there's going to be a hangover after this orgy of spending other people's money. What the hell did they expect?
Now that they've spent a week in Vegas doing shots of Mescal and snorting coke from a hooker's arse, staggering back to reality is going to be a little tough.
When it's all said and done, we won't have accomplished a damned thing. The auto dealers won't have made a single dime more over the course of an entire year while we've added to the debt by handing out money that we didn't have to people who really didn't need it.
Oh....and by destroying the "clunkers" we've taken a large number of used cars off the market driving up prices -thus reducing sales and costing more people their jobs!
Genius! Shear genius!
"Yes We Can"!
Kurt| 8.25.09 @ 4:00PM
Wait till the folks get the TAX BILL for the "$4,500" in INCOME the 'G'overnment "GAVE" to them!!!!! HAHAHAHAHAHAHA!!!!! SUCKERS!!!!
jr| 8.25.09 @ 4:36PM
My my,"the auto industry has woken up to ugly reality." If you had asked a few questions to a fairly intelligent sophomore (home schooled) the kid would have been able to guess this fairly easy. Now that his parents spent several thousand for the new car and mortgaged it, they will pay a sizeable chunk for more auto insurance and more local taxes. What a bargain!
Richard Baker| 8.25.09 @ 6:12PM
My friend in the auto business told me that the number of forms per "Clunker" sale was between 65 and 70 and this on top of all the other forms required by State and Federal mandate plus financing. Wonder what the cost of all this paperwork was per car.
Pingback| 8.25.09 @ 6:47PM
The American Spectator : AmSpecBlog : Now the Auto Industry is … | Michigan Not Mexi links to this page. Here’s an excerpt:
Pingback| 8.25.09 @ 8:56PM
The American Spectator : AmSpecBlog : Now the Auto Industry is … | Auto mation live t links to this page. Here’s an excerpt:
Pingback| 8.25.09 @ 9:14PM
The American Spectator : AmSpecBlog : Now the Auto Industry is … | Parach ute live to links to this page. Here’s an excerpt:
Pingback| 8.25.09 @ 9:14PM
The American Spectator : AmSpecBlog : Now the Auto Industry is … | Parach ute live to links to this page. Here’s an excerpt:
Pingback| 8.25.09 @ 9:23PM
The American Spectator : AmSpecBlog : Now the Auto Industry is … | Auto search live t links to this page. Here’s an excerpt:
Pingback| 8.25.09 @ 11:14PM
The American Spectator : AmSpecBlog : Now the Auto Industry is … | Auto cad live toda links to this page. Here’s an excerpt:
Pingback| 8.25.09 @ 11:14PM
The American Spectator : AmSpecBlog : Now the Auto Industry is … | Auto cad live toda links to this page. Here’s an excerpt:
Pingback| 8.26.09 @ 10:51AM
Twitter Trackbacks for The American Spectator : AmSpecBlog : Now the Auto Industry i links to this page. Here’s an excerpt:
Campy| 8.26.09 @ 5:14PM
Grzmlyk,
You may not get back here to see this, but your post now seems pretty scary; did you invoke this?!
'Cash for Refrigerators' Debuts in Fall. Really.
http://www.reuters.com/article.....1520090825
Trackback| 9.29.09 @ 2:26AM
Homeowners Insurance Information, on Homeowners Insurance Information, links to this page. Here’s an excerpt: