The first advice my economic teacher gave my High School class was that a new car is basically the worst investment someone could make. They always go down in price, in fact they go down substantially in price as soon as they leave the lot.
Apparently the US government hasn’t taken any classes in economics. We are using billions of dollars to help Americans buy new cars, many of which will have to take out loans and get more into debt in order to pay for the car.
The money being given out isn’t enough to bankrupt the country or anything of the sort, but it really makes no sense to call it a success.
This is what happens when the government gives money directly to the US people. Of course people are going to take advantage of a free $4,500.
If nothing else, this “success” shows the governments failings in the past. This upped sales in a section of the economy that billions of dollars directly to the company couldn’t help.
Americans having more money to spend is a good thing, but not in just one sector. We’ve spend hundreds of billions of dollars to help companies get off the ground, instead we should have given the money back to the tax payers.
They could spend it on the companies that offer the best services, which in turn would allow those companies to grow and the old failing companies would not even be missed.
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