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--Cicero (55 BC)

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest Rome become bankrupt. People must again learn to work, instead of living on public assistance."
--Cicero (55 BC)

Wednesday, December 10, 2008

Auto Bail Out No Increase Demand Stupid

My reference to stupid in the title is lacking common sense.

The real question to me is how do we get the cars off the lots.
Have any of you noticed the Auto Dealer lots in your neck of the woods. Who owns all those cars the dealers the banks or the manufacture ?
While traveling on I95 yesterday in Florida I could not believe the number of cars parked on dealers lots. That tells me currently no one is buying a car or truck in this economy.
IM no expert on automobile manufacturing and marketing but I think people need incentives right now to buy a new car or a truck.
Lower the prices even if the manufactures and dealers have to take a loss, have a no sales tax time frame in states that have a sales tax and increase the number of gasoline refineries in the US to keep gas prices low.
Any government dollars spent to get the cars off the lots would create more demand. With increased demand more cars would have to be produced. This would keep people employed and working at the Auto plants and throughout the assembly and supply system.
By the way with approximately 306 million people in the US a better Bail Out Plan would have been to give every man,woman and child a million dollars and let them spend it on what they need.
Keep in mind what a trillion dollars is. That's 12 zeroes to the left of the decimal point. A trillion is a million million dollars.
Oh and by the way these incentives should only go to Auto's made in the good old USA.

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