Cash for…. Appliances. Really?

August 26, 2009 11:05 am

Now that the Cash for Clunkers plan has been so successful (at least at helping to pump GDP) we are in for Part 2…. Cash for Appliances. No need to trade in anything it appears…

Will this be used to pump up DURABLE GOODS and thereby the GDP again? So, GDP could be said to be moving higher on direct government infusions. Is that a good thing? YES and NO….

We need to see non-stimulative buying and consumption in order for the recovery to take hold. Take a look at this video clip…

What do you think about this? Waste of money or smart move?

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