Looks like the information written about by Mr. Z in his recent article for this blog was noticed and is being implemented in Great Britain.Update information: "In March, German auto sales soared 40 percent from the same month a year earlier to 401,000 vehicles. In February, the first full month the plan was effective, German new car sales jumped 21.5 percent, while falling elsewhere in the 16-nation eurozone."
Here's the article about England's new plans........just seems wise to me to, IF you feel you MUST "stimulate", then stimulate by pinpointing major problem areas. It was a good target for Germany because the auto industry is a major industry in Germany. Put money where everyone benefits; buyers, factories, workers at those factories, suppliers to those factories, stock holders, neighborhoods where those factories are, etc., etc., etc., ...... instead of spending $2 million on analyzing the stink in pig sties in Iowa? Just a thought.
z
10 comments:
I think in the next few years we are going to be seeing a lot more of these..
Cool blog Z and so very true.. Good job
Z,
In my humble, slightly informed opinion, I thought it made sense when I read it before.
Many didn't L&0, and many still won't.
I published this, including the Mr. Z article linked, just to illustrate how Britain's also implementing this...Mr. Z says he thinks France is, too.
I'm not for bailouts too much, but this seemed wiser than throwing billions at the next Robert Byrd Bridge, right?
Wait a minute, Z. What could be more wise than throwing away trillions of taxpayer dollars? Come on now ... put on your democratic thinking hat.
Mustang, that's easy...
Blame Bush!
It seems like a good idea, but then this is other people's money that they're throwing around and the country is in debt. If the country were in surplus, maybe. But more debt, and besides with hussein's minions overseeing it, that's pretty much a guarantee it'll be screwed up.
Half of each 2,000-pound payment will come from the government and the other half from car companies.
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I see a problem right there for GM.
If the goal here is to save domestic auto makers then you are going to have to somehow artificially shift market share to GM. The industry is going to go ape**** if that were to happen.
How are people going to get money to finance new cars. The credit pipeline is still delicate and bringing on a lot of borrowers might be more than it can deal with.
Unless you want no income verification auto loans. Worked out really well for housing.
I just don't see it working.
If I put my car in reverse, will it collect my exhaust and turn it back into oil?
My point is that we're SPENDING GAZILLIONS ON RIDICULOUS STUFF..maybe we need to at least entertain the idea of some sanity.
I don't agree with spending money like we're spending! And all of you have good objections to this, but it's working THERE...may not here; that's why I posted it..
interesting comments..thanks.
Ducky..I wish. But, then if it goes into reverse all that gas might come forward and asphyxiate you! (man, i had to think some to spell that word, it's been a while!)?? And Mr. Gore would NOT be AMUSED!!
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