tag:blogger.com,1999:blog-7169279.post1216305784347645320..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Cash for Clunkers was a LemonDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7169279.post-12238140991369818172013-11-07T22:31:08.430-07:002013-11-07T22:31:08.430-07:00Bomber: 44/50 (stimulated not stimulate, into not ...Bomber: 44/50 (stimulated not stimulate, into not in to).<br /><br />Bomber, the prediction and the evidence are that it didn't stimulate car sales. Instead it just shifted them in time. If this is true, then profits did the same thing.<br /><br />Now, here's a more philosophical question. Why is it good to "... convert otherwise unqualified car buyers in to new car owners ..."?Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-45917233140750639412013-11-07T22:21:39.320-07:002013-11-07T22:21:39.320-07:00BOHICA: 100/100.
OMG. Don't get me (or any ec...BOHICA: 100/100.<br /><br />OMG. Don't get me (or any economist) started about cash for clunkers. <br /><br />First off, I don't think you should call it an "anticipated" effect on the economy. I think what you mean is "advertised". I would classify most of the predictions of the beneficial effects of this program to be out and out lies.<br /><br />The bit about Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-21034856921246444332013-11-05T20:14:10.963-07:002013-11-05T20:14:10.963-07:00I agree that the overall success of the "Cash...I agree that the overall success of the "Cash for Clunkers" campaign was short lived, but hesitant to agree that the government feels it under-performed. Just as we saw during the recent recession in the housing market, the government program did much of what it set out to do. It stimulate car sales and increased dealership profits through a shot in the right arm as sales dipped below Bomberhttps://www.blogger.com/profile/00074747580309475085noreply@blogger.com