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Did we really spike the economy with Cash for Clunkers, or just put more people into further personal debt?

January 26th, 2012

Question by Uncle Tom: Did we really spike the economy with Cash for Clunkers, or just put more people into further personal debt?
Americans could learn a lot from working with Jewish people. If a Jew needs a computer, and one has a 1 year warrant and is $ 300.00 and the other has a 5-year warrant and is $ 325.00, they’ll almost always buy the $ 300.00 system. Then they put the extra $ 25 in their bank account. That’s why most are rich! They would never trade in a paid for running car for a new one with a car payment.

Pat: I’d say $ 3Billion dollars is a lot of money to hire just 1200 workers.
1500, what ever. That’s $ 2,000,000/worker. I could do that without putting a bunch of people in debt.

Best answer:

Answer by Cinner
A false spike and yes probably more personal debt they may or may not be able to pay. It’s turned into a great big fiasco.

Know better? Leave your own answer in the comments!

4 Responses to “Did we really spike the economy with Cash for Clunkers, or just put more people into further personal debt?”

  1. comment number 1 by: MobsRUs

    Ya don’t you just love your hard earned money going to someone you never met so they can buy a new vehicle . Isn’t socialism wonderful ?

  2. comment number 2 by: Pat

    GM reopened one of its closed factories and re-hired 1500 workers.
    What does that say to you?

  3. comment number 3 by: ObamaLiedAmericaDied

    Jews suck Wee Weed and you.
    But why are you using Jews as a example that is weird anyway.

    It was a ploy to ruin more dealerships and Americans.
    It is working isn’t it.

  4. comment number 4 by: brown9500.v10

    Most of the people I know who cashed their clunkers are commuters who are preparing for possible high gas prices.

    The old adage “buy a truck cause they last longer, what you spend on gas is less than repair bills” just doesn’t hold up any more.

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