Comments on: Cash for Crest http://jaypgreene.com/2009/08/06/cash-for-crest/ With Help From Some Friends Sat, 02 Jun 2012 14:40:16 +0000 hourly 1 http://wordpress.com/ By: Cash For Clunkers Creates No New Net Economic Activity | Sarah Palin http://jaypgreene.com/2009/08/06/cash-for-crest/#comment-6002 Fri, 07 Aug 2009 00:16:31 +0000 http://jaypgreene.com/?p=4218#comment-6002 [...] – Jay P. Greene [...]

]]> By: Patrick http://jaypgreene.com/2009/08/06/cash-for-crest/#comment-6000 Thu, 06 Aug 2009 22:52:39 +0000 http://jaypgreene.com/?p=4218#comment-6000 Sadly, I think there would be plenty of people to support that idea…especially among homeowners in Vegas.

]]> By: Jay P. Greene http://jaypgreene.com/2009/08/06/cash-for-crest/#comment-5999 Thu, 06 Aug 2009 21:45:04 +0000 http://jaypgreene.com/?p=4218#comment-5999 How about if we have a government program to pay people for older houses and then blow the houses up. We’d reduce the oversupply of housing and we’d have some great stock footage for action flicks.

]]> By: Patrick http://jaypgreene.com/2009/08/06/cash-for-crest/#comment-5996 Thu, 06 Aug 2009 19:32:36 +0000 http://jaypgreene.com/?p=4218#comment-5996 I’ve tried to explain to people that you cannot A) overpay for a car with a government subsidy, then B) crush the car turning into a pile of scrap metal and C) assume that the program is a complete success adding to the wealth of the country by ignoring the fact that you destroyed a perfectly useable clunker with $4,500 that could have been used to purchase something else.

In the best case scenario the country is out one useable clunker each time the program is used. That is a net loss!

It goes right over some people’s heads. Even after I explain this they still think it’s a success because car sales are up. I’m like, hello, cars are not the only thing you can buy in this country!

On that note, back to education reform.

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