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Is the "cash for clunkers" program a good use of money?
John Grady, If it was really so valuable to get those cars off the road, we wouldn't need this "incentive". The point remains that people are being pushed to make purchases they would not otherwise have made with a relatively paltry incentive, and unlike the homebuyer credits we can't even use the excuse of fixing the root cause of a recession. All the rest of your babbling gas math didn't change one bit because of this program. The natural incentives were always there. I thought of another problem - teenagers looking for first cars could find themselves facing a shortage of cheap used cars. They get shafted again - just like when minimum wage increases during a recession priced them out of work in lower cost-of-living states. And of course, at the end of the day all the same arguments about government telling us what's best for us apply. But now for the gigantic hole in your post: John Grady wrote: married couples with two cars, one rather old and another one
Wall Street Journal

Australia`s Stimulus Plan May Be Losing Steam as Service Demand Shrinks (Euro Open)
The boost from Australia's A$12 billion in cash handouts to consumers may be losing steam as sharp drops in sales and new orders led the service sector...
Daily FX

China Land Prices Fan Bubble Fears
Land prices are on the rise again in China, as easy credit helps reverse last year's correction but also raises concerns that another bubble could be in the making.
Wall Street Journal

Health Plan Battle: HMOs Beat PPOs
With the battle over health reform likely to last well into the fall, a new survey suggests that a lot of consumers are ready for some changes.
Topix.net

Budget-conscious consumers boost Kraft
US shoppers are still opting for Kraft's low-cost macaroni and cheese dinners to save money, but recent results from several US consumer companies suggest the 'trading down' trend that emerged with last year's economic crisis might be starting to level off
FT

MORE GOOD NEWSBAD NEWS
The recession continues to take its toll on the American consumer, new government data released today advises...
Mr. Swing

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