(Lake Eufaula Specific)
21 messages
Updated 4/12/2024 1:40:44 AM
Lakes Online Forum
83,645 messages
Updated 5/30/2024 11:45:00 PM
Lakes Online Forum
5,195 messages
Updated 5/31/2024 4:36:53 AM
(Lake Eufaula Specific)
8 messages
Updated 3/2/2012 2:19:14 PM
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,261 messages
Updated 5/28/2024 6:31:10 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
| Name: |
lotowner
- 
|
|
| Subject: |
"Cash for Clunkers"
|
|
Date:
|
8/18/2009 6:53:21 AM
|
An interesting article from a writer for the St. Louis Post Dispatch.
By David Nicklaus
St. Louis Post-Dispatch
Some people talking about the stimulative effects of “cash for clunkers” seem to assume that the money being spent on cars is coming from a distant galaxy — or at least is coming out of savings accounts that wouldn’t have been spent on anything else. But that isn’t necessarily the case, says Richard Feinberg of the Purdue Retail Institute. In a university news release, he predicts that much of the rejuvenated car spending will come at the expense of other retail sales. Here’s Feinberg’s take:
After suffering from the worst holiday sales season since 1970, retailers will be facing an even more dismal 2009 in part because of the ‘Cash for Clunkers’ program.
If the average monthly loan payment for a new car is $400, then the amount of money not available for retail sales per month could be $300 million. That would translate to $1.5 billion taken out of circulation for the five months of back-to-school, preholiday and holiday sales.
When you add this displacement effect to the dire environmental consequences of junking so many perfectly usable cars, and to the adverse effect on the poor, there are more than enough reasons to call the clunkers program a lemon.
|
| Name: |
alahusker
-
|
|
| Subject: |
Additionally, the big winner
|
|
Date:
|
8/18/2009 9:43:15 AM
|
was Toyota, who enjoyed a sizable majority of the market share..
|
|
|
New Post
Search
Off-Topic Forum
Reply
»
Alabama Lakes
»
Lake Eufaula
Login
|
Home
