Quote:
|
Originally Posted by ArlJim78
this program can only be viewed as a debacle. spending billions to give to certain people that would have bought cars eventually anyway. there is no net benefit.
.
|
But they were not buying cars. That is the point. We were in a deep recession last year, deeping towards a depression. Nobody was buying cars. Auto workers were laid off. The industry was in deep trouble. The program obviously was a success in that it got thousands spending money in the economy. Which is what is needed to get out of a recession.