tag:blogger.com,1999:blog-29880615.post9097606328632491372..comments2023-10-18T07:44:14.827-04:00Comments on The Progressive Christian Guide to Public Policy: Weighing policy options in a bailout of the US automakersUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-29880615.post-3524154983757208692008-11-15T14:20:00.000-05:002008-11-15T14:20:00.000-05:00Greetings, and thanks for that proposal. You obvio...Greetings, and thanks for that proposal. You obviously put a lot of thought into it.<BR/><BR/>I did forget to mention that 1 in 10 Americans have some economic relationship to the auto industry. I believe that was mentioned in an NY Times article today.<BR/><BR/>However, I disagree with your proposal. I do not think that enough Americans would be able to buy new cars. They would not only have to sell their vouchers, they'd also have to sell their old vehicles. You neglect to consider who would buy the old vehicles. Dealers already have a surplus of SUVs which aren't moving. Who would buy them? <BR/><BR/>Your proposal would only affect those Americans who want to upgrade to a new, more fuel-efficient vehicle, but are unable to do so. Do you have numbers on how many people this is? Do you have an estimated fuel savings? <BR/><BR/>I seriously doubt this would get as much money moving through the economy as you're thinking. Additionally, I'm presuming the Federal Reserve would have to issue new currency to pay for this, devaluing existing currency. That, or the Treasury would have to auction more bonds, adding to the national debt.Whttps://www.blogger.com/profile/17851789276439393822noreply@blogger.com