Though Cash For Clunkers Was Stupid?
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Though Cash For Clunkers Was Stupid?
http://www.businessweek.com/bwdaily/...821_304909.htm
Because, you know, the best lesson we learned with the credit crisis is that Americans need MORE debt.
A $300 million cash-for-clunkers-type federal program to boost sales of energy-efficient home appliances provides a glimmer of hope for beleaguered makers of washing machines and dishwashers, but it's probably not enough to lift companies such as Whirlpool (WHR) and Electrolux out of the worst down cycle in the sector's history.
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Can anyone say... gigantic kegorator and fermentation fridge? 
I foresee A LOT of people putting the new energy efficient fridge in the kitchen and moving the old one to the garage. Thus, defeating half of the purpose of the system 
(Unlike the clunkers auto program, consumers won't have to trade in their old appliances.)
Last edited by VRT MBasile; Aug 24, 2009 at 04:02 PM.
http://www.businessweek.com/bwdaily/...821_304909.htm
Because, you know, the best lesson we learned with the credit crisis is that Americans need MORE debt.
Because, you know, the best lesson we learned with the credit crisis is that Americans need MORE debt.
I dont think its that kind of debt, durable goods, that ****ed people over.
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I know our VISA portfolio has been shot to ****; people simply were living beyond their means.
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