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John,

I understand economics very well. From the article: "One of the Clunker program's main champions in Congress, Sen. Debbie Stabenow, D-Mich., said the incentive has provided an important boost to the economy and resulted in 200,000 car sales.

"I am delighted to hear dealers say that all of their salespeople are busy and they are selling more cars in a day than they had been selling in a month," Stabenow said.

Cash for Clunkers, which Congress passed in June, was set to end on Nov. 1 or whenever its $1 billion budget was depleted."


The original program resulted in 200,000 car sales. The program was set to end on Nov. 1 or when the $1 billion was gone. The billion is gone, the program is done. It doesn't need an additional $2 billion. Those who missed it, missed it. Too bad.

The country has better, more critical things to do with its money than to help people buy new SUVs (which is what they're doing, or didn't you realize that?).

Question for you...car dealer profit is good, MNE profit is bad...is that correct?

******************************
"In the days before volcanoes were invented, lava had to be hand carried down from the mountains and poured on the sleeping villagers.
This took a great deal of time." 

----- Original Message -----
From: Jonathan Gramling <[log in to unmask]>
Date: Friday, July 31, 2009 2:22 pm
Subject: Re: Cash for Clunkers
To: [log in to unmask]


> ********************************************************
> 
>                VISIT AFRICAN ASSOCIATION OF MADISON WEBSITE
> 
>                         http://www.africanassociation.org
> 
>                 FOR LATEST INFORMATION ON AFRICA FEST 2009,
> 
>            MEMBERSHIP, COMMUNITY CALENDAR AND MUCH MORE....
> 
> ********************************************************
> 
> If you understood economics and had been paying attention to what is going
> on with the auto industry and consumer spending, you wouldn't even ask 
> the
> question.
> 
> -----Original Message-----
> From: African Association of Madison [mailto:[log in to unmask]] On
> Behalf Of VERA R CROWELL
> Sent: Friday, July 31, 2009 2:12 PM
> To: [log in to unmask]
> Subject: Cash for Clunkers
> 
> ********************************************************
> 
>                VISIT AFRICAN ASSOCIATION OF MADISON WEBSITE
> 
>                         http://www.africanassociation.org
> 
>                 FOR LATEST INFORMATION ON AFRICA FEST 2009,
> 
>            MEMBERSHIP, COMMUNITY CALENDAR AND MUCH MORE....
> 
> ********************************************************
> 
> Okay. There are people losing their homes, health insurance, and jobs. 
> The
> best thing the President could find to do with $2 billion dollars is 
> to buy
> old cars????
> 
> 
> **************************
> House OKs $2 billion more for Clunker program
> House passes bill to add $2 billion for Cash for Clunkers program.
> 
> http://money.cnn.com/2009/07/31/autos/cash_for_clunkers_update/index.htm
> 
> 
> NEW YORK (CNNMoney.com) -- The House on Friday passed a bill to allocate
> another $2 billion to the Cash for Clunkers program.
> 
> The move came after reports on Thursday had raised concerns that the program
> was out of money.
> 
> The bill which diverts $2 billion from a U.S. Department of Energy program
> loan guarantee program, passed 316-109. The bill will face tough opposition
> in the Senate, which is expected to take up the issue next week.
> 
> ******************************
> "In the days before volcanoes were invented, lava had to be hand carried
> down from the mountains and poured on the sleeping villagers.
> This took a great deal of time." 
> 
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