Quote:
Originally Posted by happygirl
Can anyone explain it in simpler terms? Thanks!
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Simple terms:
Now that Obama bought GM and Chrysler using taxpayer dollars, he has to incentivize the purchase of their products to make it seems like they were wise investments.
If it was
really about getting more fuel efficient cars on the road, you'd be able to buy a high MPG USED vehicle also. But, since sales of used vehicles won't artificially inflate the sales stats of American cars, you can't. What is "green" about consuming more raw materials, energy, and labor to build new cars that get 25 MPG when there are millions of used cars out there that already do?
The program also stands in direct contradiction to the "financial responsibility and restraint" doctrine he has been preaching in his prime time press conferences. How do you tell people that "unbridled consumerism" is bad, but also encourage them to all go buy new cars? Why was it so essential that sales prices of homes be sheltered and protected and not allowed to decline, but sales prices of used cars should be allowed to plummet by offering incentives to buy new cars instead?