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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (501805)8/5/2009 11:42:32 PM
From: i-node  Read Replies (1) of 1576872
 
One more time, cars were not selling........we had dropped from 16 million cars sold per year to a rate of less than 9 million per year. People were sitting on their hands.....they had no confidence in the economy. Sales promotions by car companies and dealers were not working. We needed something else to get people into showrooms. Hence, the cash for clunkers program. And glory be to God, it worked!

You have really lost it.

It "worked"? As I have pointed out repeatedly, a car has about 30 direct labor hours. 250,000 cars -- 7,500,000 labor hours -- 3600 jobs for a year at an average cost of $280,000/job.

This is not the foundation for an economic recovery, idiot.
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