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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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Results of "Cash for Clunkers" program
F. George McDuffee wrote:
While it is difficult to project, it appears the reduction in the amount of foreign exchange needed for imported petroleum for the new fuel efficient vehicles, over their service life, will result in considerable cost avoidance, and reduction in the current account trade deficit. Difficult to project means nobody can prove it, just like all the jobs that the stimulus bill have saved. Again, you trot out savings accrued over the lifetime of the vehicles. Damn hard to do. In what fields are you an expert in? How about a CV for us? Given both the "high value added" and the high economic multiplier of vehicle manufacturing, the limited amount of "Cash for Clunkers" [ONLY!!! three billion$], was most likely a good one-time shot of stimulant joy juice. If this approach is so good, why hasn't deficit spending made our economy strong? That 3B was extracted through taxes, doled out based on what the government thinks is needed. Why do we prop up inefficient businesses that saddled themselves with to many costs? Let the market decide where to apply resources. |
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