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Date Posted: 21:36:34 08/28/09 Fri
Author: Zif
Subject: Re: The CBO says otherwise
In reply to: Kelsey 's message, "Re: The CBO says otherwise" on 07:30:19 08/27/09 Thu

>Wait. What information gives you that conclusion? Most
>of the vehicles sold were foreign. Also, now that the
>government controls GM, any GM vehicle sales would
>simply mean that the funds are being transferred from
>one pant's pocket to another in the same pair of pants
>- so to speak - where is the net gain?
>
>Plus the auto supplier aftermarket, from what I've
>read has not seen any benefit from CFC. If you take
>older cars off of the road, you hurt the suppliers.
>New cars don't need replacement parts, and they don't
>need repair. Mechanics and the repair business are
>hurting.

Your information while on the surface would appear to be correct falls apart real quick when the surface is scratched. Your claim that the majority of the vehicles sold were foriegn is false. a little less than 41% of the total vehicles sold were foriegn, and the majority of those were manufactured here. The vast majority of that money used to purchase foriegn vehicles went to the dealers (U.S), the workers at the plants (U.S.), the suppliers for those plants (U.S.), and management at those plants (U.S.).

As for GM being owned by the government... The U.S. government is a silent stock holder for that company, and as those stocks are bought back up will be out of the picture. So that money that did go back into government went there as payback and will be used to purchase back those stocks held by the government.

Your claim that the mechanics are hurting is also as unfounded as any of the claims I have seen you make thaus far.

Until next time,

Zif.

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