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| Name: |
architect
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| Subject: |
Just wondering
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Date:
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8/23/2009 10:19:40 AM
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Over the last several weeks this forum has seen several posts condemning, dismissing and mocking the cash for clunkers program. I've seen no comments of any sort concerning the much more costly $8000 gov't tax credits for first time home buyers. Just wondering why one is terrible and the other gets no attention? Is it because the former is an actual rebate from the taxpayers while the other comes from the taxpayers indirectly? Help me understand.
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| Name: |
rude evin
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Just wondering
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Date:
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8/23/2009 11:26:40 AM
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Well, I didn't condemn, dismiss or mock the program and I know this will probably be fruitless 'cause I don't think it will get thru your fog.......but, I saw a report the other day that did an anlysis on just that question. The writer looked at the relative job creating benefits of both programs and concluded that the mortgage related subsidy was by far the best. One, because a majority of the new vehicles bought were foreign and this type activity did not create significant local benefit, and, two because construction activity has traditionally been proven to turn over $7 for ever $1 invested. Being an architect you probably already knew that.......
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