Saturday, November 23, 2013

Progressive Democrats Seen As 'Decepticons' : Cash for Clunkers/ObamaCare/Climate Change etc.

Cash for Clunkers was a loser from the beginning, as intended, which was intentionally based on a lie that a reduction in Carbon dioxide, CO2, which in turn is a lie perpetrated by a small group of progressive socialist environmentalists seeking control of the population through fear, would stop the destruction of the planet. Decades have past and we're are still here.

Of course never mind the facts, to make this happen politicians and the media, all the same group,  jumped on board the environmentalist train of false facts and graphs before it left the station, spouted this nonsense to the public with hair on fire head lines predicting cataclysm if we don't act immediately to stem the problem.

As we know now, and billions of tax dollars later, it was all a scam to line the pockets of politicians and their cohorts in the media, and the environmentalists to gain access to the power to control outcomes though ignorance and fear.

One of results of this bold face lie, a complete deception, is the unemployment of thousands of coal workers and increased electrical rates for everyone. More then 43% of our electrical energy comes from coal. Still puzzled about the intentions of the progressive Democrats?

But thanks to ObamaCare's total melt down of lies and misrepresentation from the Obama administration, the general public is now beginning to casting a jauntiest eye on everything that comes from the progressive socialist left Democrats. The general public is seeing the Democrats as just 'decepticons' that are using them as tools to gain power for a socialist agenda.

Evaluating Cash for Clunkers
Source: Ted Gayer and Emily Parker, "Cash for Clunkers: An Evaluation of the Car Allowance Rebate System," Brookings Institution, October 31, 2013.
November 22, 2013

The Car Allowance Rebate System (CARS), more commonly known as Cash for Clunkers, was a government program administered by the National Highway Transportation Safety Administration (NHTSA) that allowed consumers to trade in an older, less fuel-efficient vehicle for a voucher to be applied toward the purchase of a newer, more fuel-efficient vehicle, say Ted Gayer and Emily Parker, of the Brookings Institution.
  • Depending on the difference in fuel economy between the trade-in vehicle and the new vehicle, program participants received a voucher for either $3,500 or $4,500.
  • After the "clunker" was traded in at the dealership, its engine was destroyed, ensuring its permanent removal from the U.S. vehicle fleet.
  • Nearly 700,000 clunkers were traded in between July 1, 2009 and August 24, 2009 as part of the program.
The primary motivation for the CARS program was to provide temporary stimulus to counter the economic contraction that was occurring at that time, while also reducing fuel consumption and thus emissions. The evidence suggests that the program did indeed incentivize the sale of more fuel efficient vehicles by pulling sales forward from the near-term future.
  • This resulted in a small and short-lived increase in production, gross domestic product and job creation.
  • However, the implied cost per job created was much higher than alternative fiscal stimulus policies.
  • Further, these small stimulus effects do not account for the depletion of the capital stock that resulted from the destruction of used vehicles.
The CARS program led to a slight improvement in fuel economy and some reduction in carbon emissions. The cost per ton of carbon dioxide reduced from the program suggests that the program was not a cost-effective way to reduce emissions, although it was more cost effective than some other environmental policies, such as the tax subsidy for electric vehicles or the tax credit for ethanol.
 

1 comment:

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