Quote:
Originally Posted by spence
You're injecting the market with a flood of new loans during a recession.
But the purpose of the plan was to create cashflow and demand for manufacturing as well as get older less efficient cars off of the road. Cars that have been repossessed will be sold off and continue to benefit the system.
It would be very difficult to measure the NPV of such an action, but it doesn't seem like a terrible waste of money and probably did some good.
-spence
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Oh I get it. I think its called voodoo economics.