economy grows!

[Cowpuppy]

The way I see it...there has been a major re-alignment of the economic base......not only nationally but globally. The new global economy sent everyone to the global slot machines.....it was a new scenario with no historical track record to make judgements...everyone thought it was thier opportunity to get rich. So we got burned. It will never return to the level of free-swinging it was this past decade. And it required a major shakeup and major help in surviving. That is what stimulus is about....it is not about having an immediate affect. Saving large corporationsfor future renewal times. Forcing them to change. Investments in green future, etc.
To try and make political points about an economy report of last few months is very premature and irrelevant to the big picture This is how we got into this mess.....being greedy and the 'instant and constant gratification' society.
There is no instant and constant economic recovery.
It's like an alchoholic or substance abuse ...which we did in not playing our cards carefully and gambling....you abuse yousrself over a long time.....then it takes time to recover.
Save the political spins.
This is going to take years. And it will not return to the free spending it was. Get that thru your heads. So....we do not need to reach that point before we can say we have recovered...we only need to reach a normal healthy state of existence. A point where we don't live in fear. Seems we are getting there slowly but surely. Sure there are jobs lost.....many of those were fluff.....over the top....boomtowns go bust...quit your whinin. Pull your damn boots up and quit expecting a wonderland.and quit trying to insist we won't have recovery unless we have a wonderland. Life sucks and then you die. Get over it.

 

[posts from hell]

Poker $ has been on the rise and rise for me entire recession so I really can't relate.

 

[kokonut]

And the stocks are going up and up and up...

The GDP was based on the 3rd quarter result. Consumer spending was low. So was investment.The only thing went up is govt spending. Those are the three things that make up the gross in GDP. I see people are easily snookered by this when it mostly govt spending that helpd raise the GDP. Especially with a little accounting creativity.

GDP: 3.5% "Growth" ???

Don't Be Snookered By That +3.5% GDP Report

http://www.northstarnational.com/2009/11/01/memo-obama-cars-pizzas/

 

[Jiro]

kokonut. did you have a good halloween day? I hope you didn't spend it on anti-Obama bash

:fruit:

 

[saywhatkid]

kokonut. did you have a good halloween day? I hope you didn't spend it on anti-Obama bash

:fruit:

Wonder if he gives out Mounds and Almond Joys?

 

[kokonut]

Very true. Auto sales in September plunged because of Cash for Clunkers. It mostly just caused people to buy cars a bit earlier than they would have otherwise. But hey, at least they managed to destroy thousands upon thousands of perfectly good vehicles in the process. It should be obvious that destroying wealth isn't exactly wise economic policy, but apparently not to the geniuses in Congress.

DD, this I find completely ridiculous. Lots of perfectly good cars. Why not just somehow find a way to give it to people who need automobiles but can't afford one instead of costing taxpayers $24,000 for each new car sold?

Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold, Reports Edmunds.com

Biggest failure in rebate history.

 

[Jiro]

kokonut's ignoring all of my questions

not feeling some love here, bro

 

[netrox]

DD, this I find completely ridiculous. Lots of perfectly good cars. Why not just somehow find a way to give it to people who need automobiles but can't afford one instead of costing taxpayers $24,000 for each new car sold?

Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold, Reports Edmunds.com

Biggest failure in rebate history.

You just don't understand. The goal of Clunker is to reduce oil consumption. If you give it to someone else, oil consumption goes up!

You MUST get a more energy efficient automobile if you want the rebate. It's that simple.

 

[Jiro]

You just don't understand. The goal of Clunker is to reduce oil consumption. If you give it to someone else, oil consumption goes up!

You MUST get a more energy efficient automobile if you want the rebate. It's that simple.

and also to revive auto industry. if that didn't help auto industry - that's too bad. we did our best to help them. they need to help themselves. for starter - they should slash the ridiculously-high salary and bonuses for their executives.

 

[netrox]

Oh, Ford is reporting almost $1 billion profit. Why? Clunkers!

" Ford Motor reported a surprise profit for the third quarter Monday, helped by a bump in sales from the Cash for Clunkers program, a reduced cost structure and problems at its U.S. rivals."

Big gains, I tell you!

*chart of 3Q 2008 showing billion loss til 2Q 09... and a sudden spike to almost 1 billion in 3Q*

Ford Motor returns to profitability in third quarter - Nov. 2, 2009

 

[Reba]

Oh, Ford is reporting almost $1 billion profit. Why? Clunkers!

" Ford Motor reported a surprise profit for the third quarter Monday, helped by a bump in sales from the Cash for Clunkers program, a reduced cost structure and problems at its U.S. rivals."

Big gains, I tell you!

Now that the clunker program has ended, what will the auto industry depend on for the next quarter's profits? Next year's profits?

 

[Reba]

You just don't understand. The goal of Clunker is to reduce oil consumption. If you give it to someone else, oil consumption goes up!

You MUST get a more energy efficient automobile if you want the rebate. It's that simple.

Obviously the Cash for Clunkers program wasn't intended to help poor people.

 

[Jiro]

Now that the clunker program has ended, what will the auto industry depend on for the next quarter's profits? Next year's profits?

we gave them an energy boost. now it's on them to keep the ball rolling. if it stopped, well that's too bad.

 

[Foxrac]

Obviously the Cash for Clunkers program wasn't intended to help poor people.

Work at minimum wage isn't enough to trade into new car, unless government will give a huge rebate for poor people to get new car but I'm seriuosly doubt because cost of insurance and taxes (car tags fee) will hit them so hard so it isn't suit for poor people, that why.

 

[netrox]

Obviously the Cash for Clunkers program wasn't intended to help poor people.

It costs money to maintain a vehicle (insurance, tuneup, gas, etc) and if they are poor to begin with, they shouldn't be owning a vehicle.

 

[posts from hell]

It costs money to maintain a vehicle (insurance, tuneup, gas, etc) and if they are poor to begin with, they shouldn't be owning a vehicle.

That theory is flawed.

 

[saywhatkid]

It costs money to maintain a vehicle (insurance, tuneup, gas, etc) and if they are poor to begin with, they shouldn't be owning a vehicle.

That theory is flawed.

Agreed. Perhaps the use of a vehicle would enable them to get out of poverty. Little steps. Same as trying to find work as a homeless person. When a perspective employer asks for your address, and you have none, what does that convey to the guy offering the job? Not sayng we should have given out vehicles. That would be a whole new set of legal and logistical problems. I can already see the wealthy elbowing their way to the front of the free car lines....

 

[darkdog]

You just don't understand. The goal of Clunker is to reduce oil consumption. If you give it to someone else, oil consumption goes up!

You MUST get a more energy efficient automobile if you want the rebate. It's that simple.

It's estimated that with this program, it cost us hundreds of dollars per ton of CO2 saved (although estimates vary widely, from around $175 to as much as $500). Considering that carbon emissions trade for around $20 per ton on the European Climate Exchange, that's a horribly inefficient way to save energy.

Obviously the Cash for Clunkers program wasn't intended to help poor people.

If anything, it hurts the poor. Poor people don't generally buy brand new cars. They buy used cars, but the program required the old cars to be destroyed. Otherwise, they eventually would have gone into the used car market. That lowers the future supply of used cars which pushes the prices up which is burdensome for the poor.

we gave them an energy boost. now it's on them to keep the ball rolling. if it stopped, well that's too bad.

I don't get it. Are they supposed to ramp up production based on a short-lived surge of sales? What happens when the sales numbers crash after the party's over, just as they did in September? How is that supposed to help them?

 

[Cowpuppy]

ahh...clunkers program not solely for lesser oil-gas consuption....it was intended also and maybe moreprimarily to give blood to automakers industry. Increase new car sales and help them survive the recession. Propping up automakers as part of stimulus.

 

[Jiro]

I don't get it. Are they supposed to ramp up production based on a short-lived surge of sales? What happens when the sales numbers crash after the party's over, just as they did in September? How is that supposed to help them?

to empty the supplies of cars idling on massive parking lots.