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Home Mises Library Cash for Clunkers: A Personal Look Cash for Clunkers: Miller In a desperate attempt to assure Congress, and weary voters, that Keynesian stimulus spending still works, President Obama recently revealed a jobs initiative aimed at jump-starting the economy.
Surprisingly enough, the econometric models that calculated that the first stimulus program would keep the unemployment rate below 8 percent were inaccurate.
But then again, neither was the housing bubble. Government stimulus spending is often short-lived and inefficient at producing sustainable growth past the next election cycle. Keynesian "prime pumping" is no better than an expensive sugar high.
With Obama crisscrossing the country trying to convince the public to go along with half a trillion dollars more in new spending, this is a prime opportunity to look back at one stimulus program in particular and the disastrous consequences it brought about.
The program lasted from July 24,to August 25, The auto-sales-analyst website Edmunds. While the failure of "cash for clunkers" has been documentedan outside, macroeconomic view of the program misses the real effect such stimulus efforts have on the lives of individuals.
Cash for clunkers essay movie review essay taken cast loi des xii tables dissertation proposal lakme bell song natalie dessay lucia 2 frogs dans l ouest critique essay argue essay inquire short essays for students pdf to jpg. Custom Cash for Clunkers Essay Writing Service || Cash for Clunkers Essay samples, help One of the major roles politicians and politics play in our daily lives is the attempt to shape and control what we do, how we do it and even when. The cash-for-clunkers program ends Monday. There is general agreement that it was a success. But what did it really signify? Michigan Radio's Senior Political Analyst Jack Lessenberry takes a look. Hear Audio Story Well, the cash-for-clunkers program is finally ending.
Thus I am sharing my own personal experience with "cash for clunkers. My job was cleaning and preparing newly sold cars. I started in the month of May and prior to the implementation of "cash for clunkers," sales were steady.
On average, three to four new cars were sold on weekdays. By law in Pennsylvania, car dealerships must remain closed on Sundays — clearly another case of government knows best.
Once "cash for clunkers" went into effect, new-car sales shot up. Weekday average car sales increased to Saturday levels.
Saturdays became a zoo with close to ten new cars being sold throughout the day. With so many car sales, I never had any downtime those weekends. Normally the dealership would close at 8 p.
It was normal to stay until 10 or 11 p. From the perspective of immediate consumption, "cash for clunkers" was an astounding success.
Working so many consecutive hours provided a substantial boost to my paycheck. The car salesmen increased their commissions. The dealership was very profitable. But like all government stimulus efforts, this effect was short-lived.
Around the time "cash for clunkers" ended, I started the fall semester. Throughout September, Saturday sales fell with only four to five new cars sold each day.
From what I heard, weekday sales had slowed down significantly.Cash for clunkers essay the social imagination essays, essay on respect plan de dissertation philo sur la conscience essay plan for death of a salesman text.
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Michigan Radio's Political Analyst Jack Lessenberry has some questions about the Cash for Clunkers rebate program Hear Audio Story. So let me get this straight.
Custom Cash for Clunkers Essay Writing Service || Cash for Clunkers Essay samples, help One of the major roles politicians and politics play in our daily lives is the attempt to shape and control what we do, how we do it and even when. Michigan Radio's Political Analyst Jack Lessenberry has some questions about the Cash for Clunkers rebate program Hear Audio Story.
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