Tapsearch Com EditorCash for Clunkers is a clunker
August 26th 2009 16:07
Ray Tapajna Chronicles
Cash for Clunkers is a clunker and is part of our economic crash
During the first stimulus package debate during the Bush administration, Ben Bernanke, Director of the Federal Reserve Bank, was asked during a session of Congress what was the best way to use any stimulus money to help restore the economy. He said the best way was buy "domestically produced products". He should have extended his comment to Made in the USA products but not many things are made in the U.S. anymore. However, his statement demonstrates that only local value added economies work. If most of the money we spend at retail quickly fans out to where the products are made and to the foreign companies, not much is left to stimulate our own local economies.
Our economy based on making money on money instead of making things has taken over. They do use the term "built in American" now instead of "assembled in American" but they both mean the same thing. All we have left in the USA is assembly plants with parts coming from the wage slave markets of the world. A new lower water mark has been reached in the value of workers and labor. This lower value clashes with the ability to afford much of anything.
Crash !
Cash for Clunkers is global baloney. It is a head on crash in the global economic arena. The government prints paper and calls it money putting another tariff on future generations. Then they give alot of it to smash cars that many third world nation could use to build their economies. The money then goes to many foreign auto plants that just assemble cars in the U.S., with the parts coming from the wage slave labor markets of the world. Tons of fuel and energy is used to get the parts here which pollutes the environment more than auto fuel mileage did. On top of this U.S. taxpayers paid many of these foreign assemblers billions of dollars to build their assembly plants in the U.S. and lost good paying jobs in the process. The process also cuts out some smalll auto dealers, auto parts, auto repair and junk yard businesses here. And some of the foreign auto companies are subsidized by their government. It all adds up to economic suicide.
In the end, we have a few benefitting from the program while the people with money live off the poor.
Cash for Clunkers is a clunker and is part of our economic crash
During the first stimulus package debate during the Bush administration, Ben Bernanke, Director of the Federal Reserve Bank, was asked during a session of Congress what was the best way to use any stimulus money to help restore the economy. He said the best way was buy "domestically produced products". He should have extended his comment to Made in the USA products but not many things are made in the U.S. anymore. However, his statement demonstrates that only local value added economies work. If most of the money we spend at retail quickly fans out to where the products are made and to the foreign companies, not much is left to stimulate our own local economies.
Our economy based on making money on money instead of making things has taken over. They do use the term "built in American" now instead of "assembled in American" but they both mean the same thing. All we have left in the USA is assembly plants with parts coming from the wage slave markets of the world. A new lower water mark has been reached in the value of workers and labor. This lower value clashes with the ability to afford much of anything.
Crash !
Cash for Clunkers is global baloney. It is a head on crash in the global economic arena. The government prints paper and calls it money putting another tariff on future generations. Then they give alot of it to smash cars that many third world nation could use to build their economies. The money then goes to many foreign auto plants that just assemble cars in the U.S., with the parts coming from the wage slave labor markets of the world. Tons of fuel and energy is used to get the parts here which pollutes the environment more than auto fuel mileage did. On top of this U.S. taxpayers paid many of these foreign assemblers billions of dollars to build their assembly plants in the U.S. and lost good paying jobs in the process. The process also cuts out some smalll auto dealers, auto parts, auto repair and junk yard businesses here. And some of the foreign auto companies are subsidized by their government. It all adds up to economic suicide.
In the end, we have a few benefitting from the program while the people with money live off the poor.
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