Cash for Clunkers Success

[Cannon Shell]

Originally Posted by Riot

Your opinion.

If more card issuers will charge annual fees, up from the current 20 percent that do so today, they make their cards "variable rate" cards, subject to an index such as the prime rate, plus a few percentage points, and they will be cutting back on reward programs, or making it more difficult to earn or redeem points. And some have started charging a fee of as much as 5 percent for transferring a balance, how does that lead to responsible people paying less? Same logic of spending your way out of bankruptcy IMO.

from an earlier Dell post

[dellinger63]

Originally Posted by Cannon Shell

If more card issuers will charge annual fees, up from the current 20 percent that do so today, they make their cards "variable rate" cards, subject to an index such as the prime rate, plus a few percentage points, and they will be cutting back on reward programs, or making it more difficult to earn or redeem points. And some have started charging a fee of as much as 5 percent for transferring a balance, how does that lead to responsible people paying less? Same logic of spending your way out of bankruptcy IMO.

from an earlier Dell post

she's gonna go to the 'Carter' move soon LOL

I think I'm catching on. Logic means nothing and hope is everything.

[Riot]

DETROIT (AP) today -- Higher sales, in part from the government's Cash for Clunkers program, are spurring General Motors Co. to boost production at several of its factories.

The automaker said Tuesday it will add 60,000 vehicles to its production in the third and mainly the fourth quarter. It will also bring back about 1,350 laid-off workers in the U.S. and Canada.
GM will add a shift to its CAMI factory in Ingersoll, Ontario, where the new Chevrolet Equinox and GMC Terrain midsize crossover vehicles are made. The company's Lordstown, Ohio, assembly plant, where the Chevrolet Cobalt and Pontiac G5 are made, also will see additional shifts.
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Good news those folks are going back to work.

[dellinger63]

Originally Posted by Riot

DETROIT (AP) today -- Higher sales, in part from the government's Cash for Clunkers program, are spurring General Motors Co. to boost production at several of its factories.

The automaker said Tuesday it will add 60,000 vehicles to its production in the third and mainly the fourth quarter. It will also bring back about 1,350 laid-off workers in the U.S. and Canada.
GM will add a shift to its CAMI factory in Ingersoll, Ontario, where the new Chevrolet Equinox and GMC Terrain midsize crossover vehicles are made. The company's Lordstown, Ohio, assembly plant, where the Chevrolet Cobalt and Pontiac G5 are made, also will see additional shifts.
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Good news those folks are going back to work.

yea but bad news to the people who put up 3 billion plus administrative costs incuding extra workers to get a portion of a whole 1,350 jobs back. Hooray!!!! You the Man!

[Danzig]

Originally Posted by dellinger63

yea but bad news to the people who put up 3 billion plus administrative costs incuding extra workers to get a portion of a whole 1,350 jobs back. Hooray!!!! You the Man!

tens of thousands laid off...the 1350 getting recalled is a drop in the bucket, and unworthy of a big hooray.

[Riot]

People going back to work in America is unworthy of a big hooray?

Except that far more than 1350 people are affected. The families who now can come off unemployment, food stamps, and Medicaid (that makes me happy, because I help pay for that), and keep their houses, buy groceries, and have a little disposable income to put back into their local economy and keep them solvent and maybe cause some new hires (like florists, the local pizza place, the dry cleaner); in addition to the couple of thousand jobs associated with ancillary industries that feed parts and materials into GM autos and depend upon that industry - steel, plastics, manufacturing parts industries - that will also have to rehire people and increase production to meet the needs of their client GM.

The recession isn't going to end magically all at once, with everyone going back to work all at once. Every step in the right direction is good.

[dellinger63]

Originally Posted by Riot

People going back to work in America is unworthy of a big hooray?

Except that far more than 1350 people are affected. The families who now can come off unemployment, food stamps, and Medicaid (that makes me happy, because I help pay for that), and keep their houses, buy groceries, and have a little disposable income to put back into their local economy and keep them solvent and maybe cause some new hires (like florists, the local pizza place, the dry cleaner); in addition to the couple of thousand jobs associated with ancillary industries that feed parts and materials into GM autos and depend upon that industry - steel, plastics, manufacturing parts industries - that will also have to rehire people and increase production to meet the needs of their client GM.

The recession isn't going to end magically all at once, with everyone going back to work all at once. Every step in the right direction is good.

Except we could have paid each one $2,000,000.00 (two Million Dollars) kept just under 400K for us and sent home all these workers processing the rebates that aren't getting processed (duh it's the Government) saving more money, saved a forest load of wood used to make the paperwork, shut off all the lights in those rebate processing offices and each compensated worker could start a small business that would employ mutiples of 1300. You know the Republican way!!!! Plus those no good government rebate workers could go work for private insurance companies and learn how to actually 'process' in between breaks.

[Danzig]

Originally Posted by Riot

People going back to work in America is unworthy of a big hooray?

Except that far more than 1350 people are affected. The families who now can come off unemployment, food stamps, and Medicaid (that makes me happy, because I help pay for that), and keep their houses, buy groceries, and have a little disposable income to put back into their local economy and keep them solvent and maybe cause some new hires (like florists, the local pizza place, the dry cleaner); in addition to the couple of thousand jobs associated with ancillary industries that feed parts and materials into GM autos and depend upon that industry - steel, plastics, manufacturing parts industries - that will also have to rehire people and increase production to meet the needs of their client GM.

The recession isn't going to end magically all at once, with everyone going back to work all at once. Every step in the right direction is good.

millions out of work, and 1350 makes a difference? lol
unemployment is expected to remain above 10% for some time-and once cash for clunkers dries up, and demand dissolves, where will those 1350 be? so yeah, a hooray for them-but not a big one.