Someone can check the math if they like, but.

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Originally Posted by j2k4

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Originally Posted by clocker

To society, Kev.

You know, the other people who inhabit your world.

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'Splain that - how "society" has benefited, I mean.

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By automobiles using less gasoline*.



* do you like how I converted to Americanism just for you?:)

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Originally Posted by bigboab

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Originally Posted by j2k4

'Splain that - how "society" has benefited, I mean.

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By automobiles using less gasoline*.

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But don't you see that in KevWorld, this is not so much a benefit to society as a socialist imposition on Exxon and BP.

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Originally Posted by clocker

Lower emissions and oil consumption.

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Hmmm.

I guess that's comforting to think about while you're bankrupt.

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Originally Posted by Barbarossa

Isn't it about stimulating the economy, or have I missed the point?

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The government has basically promised 3 billion dollars (that would be taxpayer money; the government has no other) to fund a rebate program to benefit the auto industry.

The money comes from the taxpayers but somehow has not made it to the dealerships who took back the clunkers in exchange for extending credits on new cars purchased.

The government has begun disallowing many of the deals made "after-the-fact", so the dealers are on the hook for money they'll never see.

All of this money has been "borrowed" from the taxpayers, who can only be sure they'll never recoup.

Any stimulative effect is highly selective and of limited and temporary effect.

It sure sounded good, though, huh?


So the bottom line is, as previously noted, 350 million in, 3 billion out.

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Originally Posted by clocker

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Originally Posted by bigboab

By automobiles using less gasoline*.

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But don't you see that in KevWorld, this is not so much a benefit to society as a socialist imposition on Exxon and BP.

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I never thought of that. Less sales means less dividend.:(