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  1. #1
    Future's in the past....
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    11.03.17 @ 01:35 PM
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    First cash for clunkers, now cash for old appliances!

    Almost put this in the "Only in Florida" thread, but thought it deserved it's own.

    Program May Pay Hundreds For Old Appliances

    http://www.wftv.com/news/20673835/detail.html

    ORLANDO, Fla. -- A new government stimulus program could pay you hundreds of dollars to replace your old appliances. The new project will cost the government $300 million and Florida is getting $17.5 million of the money so people can buy more energy-efficient appliances.

    The Governor's Energy Office said the program will start no earlier than November 15. They're still working out a lot of other details, but a person could save 15 to 20 percent on most appliances with the Energy Star logo.

    At Southeast Steel in Orlando, owner Stu Kimball says customers are already asking about how 'cash for clunkers' will soon become 'rebates for refrigerators.'

    "I think one of the big things that will be covered are these front load washers," Kimball said .

    Eddie Mendez is looking to replace all kinds of appliances at his house and the new federal stimulus program could offer discounts on energy-efficient washing machines, dishwashers, wall AC units and refrigerators.

    "Would a couple of hundred bucks make a difference to you?" WFTV reporter Eric Rasmussen asked.

    "Oh yeah, pretty much, a lot, a big difference," Mendez replied.

    But retailers like Kimball say the promise of a price break later is actually hurting business now.

    "We've had customers who've come in and got quotes, looked like they were ready to go and then when they hear about this they say, 'Well, maybe I'll wait,'" Kimball said.

    Kimball only hopes he'll eventually see the same kind of boom car dealers experienced this summer, convincing reluctant consumers to finally make a big ticket purchase. Unlike 'cash for clunkers,' this program won't make you give up your old appliances.

    The state should finalize its plan by the end of the month and that's when people will know exactly which appliances will be covered and exactly how much they can save.
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  2. #2
    Forum Frontman It's Mike's Avatar
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    12.17.17 @ 08:10 PM
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    i don't think is the greatest idea in the world. All they are doing is trying to hide the problem by moving purchases that would have happened in 2010-12 into 2009. In small doses this isn't a terrible idea (for instance Canada instituted a home reno tax credit that has been quite popular) but there is such thing as too much of a good thing.

  3. #3
    Atomic Punk
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    07.24.11 @ 04:36 PM
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    hmm...what next? stimulus funds to get people to buy new HD TVs?
    Stay out of it, dude.


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  4. #4
    Hang 'Em High sickman's Avatar
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    12.16.17 @ 02:06 PM
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    Well I guess in a way it would get the energy star appliances prices down to the same level as non energy star appliances. I think consumers who are searching for low prices on appliances are more than likely to choose the non energy star rated appliance because it is usually cheaper. They see the savings right there and then as opposed to over the coarse of 5-10 years it would take in energy savings of the energy star appliance. There have been many programs already running long before the stimulus package that address savings like these. In CT for instance if you buy insulation for your attic or any other part of your home you can get a tax credit. Energy efficient windows, roofs and doors get the same deal. Last year I replaced my furnace with a more energy efficient one and was eligible for a $500.00 tax credit. I guess they are just carrying it one step further.
    I used to jog but the ice cubes kept falling out of my glass.

  5. #5
    Atomic Punk
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    07.24.11 @ 04:36 PM
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    Yeah, there have been tax credits for upgrading homes with energy efficient windows, doors, insulation etc for years. Thank lobby groups for that one. Car dealerships and now presumably appliance manufactures are just lining up to get their spike in sales.

    Same deal with the govt's free converter box and mandatory switch to digital. TV manufactures made a bundle on that deal as did the manufacturers of those little boxes.
    Stay out of it, dude.


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  6. #6
    Atomic Punk lovemachine97(Version 2)'s Avatar
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    12.17.17 @ 05:26 PM
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    Clunker Legislation
    John Stossel
    Wednesday, September 02, 2009

    The economic illiterates in Washington are so impressed with the "success" of Cash for Clunkers that they're readying Cash for Clunker Appliances. The ludicrous "stimulus" bill gave $300 million to the Department of Energy to provide rebates for 10 types of appliances that have been rated energy efficient.

    Before government extends Cash for Clunkers to more products, it might be a good idea to examine the original. The fact that Washington and the buyers who took advantage of Cash for Clunkers are gaga is hardly evidence that it was in the public interest.

    It wasn't. As usual, the program has been judged only by its first and most visible consequences, violating Henry Hazlitt's teaching in his classic, "Economics in One Lesson":

    "The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups."

    If you only look at the immediate effects, Cash for Clunkers appears pretty good. People traded in gas-guzzlers for more fuel-efficient new cars. The program cut carbon emissions slightly and gave the auto industry a boost.

    "Manufacturing plants have added shifts and recalled workers. Moribund showrooms were brought back to life, and consumers bought fuel-efficient cars that will save them money and improve the environment," Transportation Secretary Ray LaHood bragged. "American consumers and workers were the clear winners thanks to the Cash for Clunkers program."

    But wait. Shouldn't that be some consumers and some workers? And only in the short run?

    Let's start at the beginning. The government paid car owners to trade in their old cars, which will be destroyed. But the government is running a deficit. So it doesn't have $3 billion to hand out. It must borrow the money, which reduces the amount of money for other investments. Moreover, the government must raise taxes in the future to pay back the principal and interest -- or the Federal Reserve will monetize the debt through inflation. Either way, we pay.

    That isn't all. Those car buyers were either going to trade in their used cars soon or they weren't. If they were, Cash for Clunkers simply moved up the schedule. The stimulation of the auto industry occurred earlier. Big deal. But if buyers planned to keep their cars longer, the program imposed costs that are less visible. Without the government incentive to buy cars, consumers would have bought other things -- computers, washing machines, televisions. The manufacturers and sellers of those products didn't get to make those sales. Why should the auto industry get privileges at the expense of others?

    Then there are the mechanics who would have serviced those used cars. They've lost business. Some will be laid off. Nor should we forget low-income people who depend on the used-car market for their transportation. The cheap cars they would have bought were destroyed.

    What about the alleged environmental benefits? Assuming that cutting carbon emissions is worthwhile, was Cash for Clunkers helpful? It's hard to see why. People who traded in inefficient cars for efficient ones will likely drive more and therefore use more gasoline.

    Even if carbon emissions are cut by a lot, economist Christopher Knittel says the program will cost more than $365 per ton of carbon saved.

    Economist Bruce Yandle points out what a lousy deal that is: "The much celebrated Waxman-Markey cap-and-trade carbon-emission control legislation estimates the cost of reducing a ton of carbon to be $28 when done across U.S. industries. Yes, we are getting carbon-emission reductions by way of clunker reduction, but we are paying a pretty penny for it" (http://tinyurl.com/lnua3k).

    Finally, there is something revolting about the government subsidizing the destruction of useful things. It reminds me of the New Deal policy of killing piglets and pouring milk down sewers to keep food prices from falling.

    Leave it to politicians to think we can prosper by obliterating wealth.

 

 

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