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More Obama Math........

Discussion in 'Political Discussion' started by Patriot_in_NY, Sep 10, 2009.

  1. Patriot_in_NY

    Patriot_in_NY Rookie

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    Awesome.

    Okay, so we paid out $1.22B to car dealers as reimbursements for 690,000 car sales. That's good right. Stimulates the economy and all. Three cheers..... Hip, hip, horay.......

    ........ And the program had a taxpayer of cost $2.88B.... Oh, that must mean that the difference between what was reimbursed to car dealers for car sales and the cost of the program comes in administrative and processing cost.

    We spent $2.88B (total cost) minus $1.22B (reimbursements) equals $1.66B (admin & processing costs)

    $2.88B ($1.66B in unrecoverable fee's) to "stimulate the economy" to the tune of $1.22B

    Brilliant......... a whooping return on investment of minus 116%




    Heeeey, let's let the government take over health care. What could go wrong? :confused2:
    Last edited: Sep 10, 2009
  2. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Really great argument, but the operative word here seems to be approved $1.22 billion.. the way I read is the rest is being processed, $1.66 Billion... with everything completed by September 30th.. capiche???
  3. sdaniels7114

    sdaniels7114 Rookie

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    He screwed up the stimulus part too. I'd say a fair guess on the rebate would be about 1/3rd of the cost of the car. So the actual stimulus of the plan, the total value of the sales resulting from it, is more like 9 billion.
    Last edited: Sep 10, 2009
  4. ljuneau

    ljuneau Rookie

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    Since you're making up numbers as you go, why not 12 billion? 20 billion? Heck a cool trillion? Stimulus, stimulus everywhere.

    Hey, what percentage of car dealers have now been reimbursed?

    LOL
  5. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    You're assuming that not a single one of those buyers would have bought a car without this stupid program. A lot of the buyers would have bought a car either in that window of in the next 6 months or so; those buyers shouldn't count for obvious reasons but we'll never know who, or how many, they are so we are stuck with whatever numbers they want to throw at us.
  6. sdaniels7114

    sdaniels7114 Rookie

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    I'm not assuming anything. The fact remains that lots of cars were sold and that's stimulus, end of story.

    Just about everyone who sells stuff has a sale at one time or another. The reasons I suspect are buried in a greater understanding of sales management and marketing than I have. I just know they all do it. According to your thinking the local supermarket should never have a week where paper towels are 1/2 price, because they could have sold them at full price some other time. They still think discounting helps stimulate sales.
  7. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    Not if they would have been sold anyway. If half of them would have been sold then the stimulus is half of what you said.
  8. godef

    godef Rookie

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    It's not like the $1.66B is going up in flames in Iraq. The money is being pumped into the economy. Stimulus.
    Last edited: Sep 10, 2009
  9. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey

    Yeah but it's $$$ being printed with nothing behind it ... we're going to get hammered with inflation and interest rates ... Jimmy Carter redux.
  10. ljuneau

    ljuneau Rookie

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    Taking money from some people and redistributing it to other people, does not stimulate the economy. This type of government influence only hurts the economy in the long run.
  11. godef

    godef Rookie

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    It's a heckeva lot better than burning it away in the Middle East to fight a fraudelent war.

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