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Cash for clunkers: Why republicans are against it? They can figure this out in New Delhi [View All]

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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-08-09 10:04 AM
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Cash for clunkers: Why republicans are against it? They can figure this out in New Delhi
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New Delhi, Aug 7, 2009: Different people give different logic on why republicans are against cash for clunkers program and why they want this wonderful program to fail. They have vowed that they wouldnt allow the bill to be passed in the senate for additional funding.

The man who is leading the fight against cash for clunkers additional funding is none other than John McCain.

Here are some reasons that a blogger lists on why GOP are so much against cash for clunkers.

But the heart of their opposition to "cash for clunkers" is that it's a win-win success for Mainstreet America:

1) Surplus inventory that is forcing the automobile industry to lay off and furlough workers is sold off, resulting in unemployed people involved in the auto industry going back to work.

2) The hike in employment and in car industry cash flow results in more consumer spending, which helps the economy in general.

3) Car owners will find that they are paying less at the gas pump and have more in their wallet as a result.

4) The Detroit car industry gets a shot in the economic arm (even though foreign car manufacturers also make out big).

Reason number 5 is that the "cash for clunkers" program is so popular with Mainstreet Americans that it makes them feel more positive about the national government. My God, it's kind of like a tax break, but coming from the Democrats, but it benefits middle Americans, not just the tiny percentage of super wealthy, and it boosts the economy by increasing production -- not by just tossing 2 trillion dollars into the Wall Street gambling casino that only produces embossed paper shares that have little anchoring real value and gambling debts from the likes of derivatives.
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