Just to educate you on the subject, the government was very ill prepared to deal with the Cash for Clunkers program. They did not reimburse dealers in a timely fashion to the point, it was all turned over to Citibank but…by then…many dealers pulled out of the program so that they didn’t get stung and the government ended it.
Typically if your a real estate person who is the “king of debt”. Means all your properties are on credit and you don’t pay cash for them.
So if your a realestate investor – and you use a lot of debt – now would be the time to get more properties since the interest rates will drop dramatically.
Within a week 2.2 trillion dollars is being moved by a government entity and disappearing into a hole. The vast majority of Americans will only see that money when creditors sell it to them for a premium.
After years of engaging in political mortal combat over amounts less than 1% of that going to things like food and heating for poor people, it’s impossible not to bitch about the lack of republican bitching.
A couple of days ago many libs on this forum excoriated the President for bringing up the economy. Now we’re worried about the Italian economy? Alright then.