Posted by JML755 on August 03, 2009 at 07:13:14 from (66.184.63.110):
In Reply to: Well how soon... posted by bob huntress1 on August 02, 2009 at 19:37:24:
Cash for Clunkers is a "feel good" program that will have no long-lasting impact. Other than to give a $4500 subsidy to anyone who probably would have bought a car anyway.
As Old said, it's giving away YOUR AND MY money to people who don't need it. Heck, I heard a story of a wealthy couple trading in their '95 Jag under the program.
Once the money runs out, car sales will drop back to a 10 mil/year rate.
Plus they're going to destroy a lot of good used cars. Many were good cars that could be bought by young kids who can't afford a car payment.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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