Cash for Clunkers program sold 457,000.
You know what I find amazing. This program cost $3 billion. GM plans to rehire 1300 of its workers back. So what does that equal; $2.3 million for each job saved. How about that for $3 billion well spent. So, for the government to save 10 million jobs we need to spend $23,000,000,000,000. Yes that is 23 trillion!!! Brilliant.
Also I find it amazing that we have taken people with no car payments and now have provided them with a $25,000 debt plus higher insurance costs. Isn't that wonderful.
To go with my previous post: "If you cannot enslave an individual by virtue of his own debts then enslave the entire population by casting their government into debt." This fills both sides of that quote.
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Disclaimer and Important Notice
All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational and educational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any action taken by the reader or follower may result in the loss of capital and is committed at your own risk. Before acting on any information, you should consider your risk tolerance and financial ability. You could lose all your capital.