Political Discussions
Cash for appliances...Obama's next
Posted by caspergirl35 • 8/24/09 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: cash for appliances, cash for clunkers, obama, tax breaks
Cash for Refrigerators, Cash for Appliances to Begin Fall 2009
By Ignatius Reilly Now that the Cash for Clunkers program is over, your tax dollars will begin funding the Cash for Refrigerators and Appliances program ...
Right Pundits, Mon, 24 Aug 2009 10:55:59 -0700
'Cash for clunkers' deal boosts US car sales by 450000 in three weeks
In a variation of the programme, the Obama administration is to introduce a cash-for-appliances deal this autumn.
As reported here, the government will be offering a Cash for Refrigerators and Appliances program so you can trade in your old energy-consuming refrigerator, washer/dryer, etc. for a new efficient one. Steven Chu, the Secretary of Energy, will oversee the program.
How much money are we talking about? It’s $50 to $200, depending on the appliance that you’re turning in. The whole program will run about $300 million, considerably less than the $2 to 3 billion that the Cash for Clunkers program cost you.
$50 to $200 may not sound like much, since it’s not as much as the $4500 the government was offering for old cars in the Cash for Clunkers program. However, considering that most old appliances are worthless and can’t be sold for anything, the government is essentially offering something for nothing.
The payments will be rebates to purchase new appliances. While it’s been dubbed “Cash for Refrigerators” by the press, it also applies to other appliances, most importantly washer/dryers, which consume a huge amount of energy.
Is another government program what we need here? Will this really get job creation going? So far nothing that Obama has done has gotten people working again.
This is the wrong approach. Government welfare in the long run does not do the economy any good. Get people working, get them paychecks, create an environment that encourages innovative products, and then people will buy appliances again.
The only thing this encourages is a bigger waste of your tax dollars.
www.rightpundits.com/?p=4654
And yet the car dealerships haven't even been paid!
User Comments
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Darned straight! They should keep handing it to the bankers so they can not lend it out
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I hate it when people quote the opinion pieces who get the original information incorrect.
www.businessweek.com/bwdaily/dnflash/content/aug2009/db20090821_304909.htm
Beginning late this fall, the program authorizes rebates of $50 to $200 for purchases of high-efficiency household appliances. The money is part of the broader economic stimulus bill passed earlier this year. Program details will vary by state, and the Energy Dept. has set a deadline of Oct. 15 for states to file formal applications. The Energy Dept. expects the bulk of the $300 million to be awarded by the end of November. (Unlike the clunkers auto program, consumers won't have to trade in their old appliances.)
Oh my, a rebate program!!!!!! Stores get to sell appliances, and consumers get a rebate!!!
The HORRORS OF IT ALLL AAARRAGAHHHGAHGHHHGHGHGHGHGHGHGHGH!!!
Holy crap, people. Get a grip. If the stores could afford to give the rebates themselves, they would. Inf act, they often do when they can.
Besides - the clunkers program was a smashing success! Cars were sold, millions were made - they will be receiving their rebate checks in about the same time it would take them (probably less time in this market) to sell the used cars anyway, AND it stimulated not only dealerships who can return to business as usual, saved consumers a load of money which can then be used to purchase other things, but also the car production industry - what's the problem here?
I don't hear anyone complaining about keeping their job, do you? -
I'm not saying it is a proper or correct approach, but lets view this in the broader perspective $300,000,000 for junk appliances verses 3,000,000,000,000+ for TARP and Fed capital injections for our banking system.
Pretty insignificant in the broad scheme of things -
What a good idea. Old appliances are generally inefficient, get a new one at a reduced price and reduce your bills. What's not to like?-
ANd if you get rid of your old appliance, the store (or whomever) can refurbish it and sell it.
I shouldn't hear any complaints on this one... -
I'm sure that the gov't will contract out someone to make a ClunkerBomb(R) for washers and dryers too
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My complaint is that I don't want to fund the debt for this. And yes Agit8r, I don't want to fund the debt for TARP or for the autoindustry. -
The money was allocated for this when the original bill when through it seems. So it's already funded.
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It's funded with a loan, that means it isn't funded yet...
We still have to come up with the cash to pay it back, plus interest, God knows how much each car will cost the taxpayer by then.
The same thinking that gets people in trouble.. Oh i can afford it, i have a credit card...
Sigh. -
does that mean we'll have to get full coverage insurance on all of them? oh, wait...
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As csi says, funded is with either loans or taxes. If they had extra money lying around, pay down some debt.
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hahaha csi. gotta love credit cards. so does the FED. oh but wait it's okay for them to fund debt that burdens everyone...
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I notice that in all of your posts about the "cash for whatever" programs, your focus is on whether it's the most efficient way to stimulate job creation. The answer is no, and there's a good reason for that: job creation is not its primary purpose.
Any stimulus that has creating jobs as its sole purpose is inherently inefficient and a waste of resources--the real goal is to get done things that need to be done and create jobs in the process. In this case, the goal is to reduce energy consumption, and the implementation of that plan creates jobs. Not as many jobs as we could create if we simply took the money and paid as many people as possible $25,000/year to stand on a streetcorner and wave, but jobs that actually serve a purpose.-
"Not as many jobs as we could create if we simply took the money and paid as many people as possible $25,000/year to stand on a streetcorner and wave"
is digging holes and and filling them up again too labor intensive these days?
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Just announced! The Government's new "Cash for Cash" program. If you bring in your pesky, worthless pennies, then they will give you a dollar for each penny.
*wakes up*
*sigh*-
I hear that the democrats are trying to pass the next couple of steps for that..
The Health care for Nothing Program is the no 1 on their prio. list apparently.
Then I'm betting they'll expand the "foodstamps for lazy-@sses" program to new, previously unimaginable levels. It will be a great success. People who don't want to work can get free food. The government has allotted 100 billion and expect it to last until 2012.. no.. 2011.. hold on.. 2010.. Wait... Oh.. we already ran out. No one had to earn anything working, and we ran out of money faster than we thought.. It's a HUGE success.
/facepalm -
lol
White House Press Secretary Robert Gibbs was quoted as saying, "We never realized there were that many hungry people in the country. Who knew?"
When asked her opinion, Helen Thomas was asleep. She could not be reached for comment -
food stamps has always been a way for polticians to mitigate the effects of the price fixing scheme (the Farm Bill) that it is attached to.
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