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Cash for appliances

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Cash for appliances

Unread postby JJ » Sat 22 Aug 2009, 12:05:26

next thing you know it'll be cash for Adult content deleted.
http://www.abc4.com/mostpopular/story/C ... J78Gw.cspx
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Re: cash for appliances

Unread postby SeaGypsy » Sat 22 Aug 2009, 12:18:34

Funny JJ when I read the topic I thought you might be setting up a second hand shop in the Philippines; an idea I have thought a bit about. Since the flat TV has taken over the old fat ones are left out on the road as junk; in PI these are still worth a lot of dough.

As for this being about the environment?! (fart noise)

The Australian Gov's relief package has worked better than anywhere else; they just gave us the cash and let us decide if it was for drugs or debt or whitegoods.
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Re: cash for appliances

Unread postby JJ » Sat 22 Aug 2009, 12:23:37

hey Seagypsy, one of my wifes' sisters is running a second hand clothing store in Pagadian City, seems to be working out pretty well...sent the kids there a playstation 2 once which they plugged right into the 220...ppppffffttttt...:)
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Re: cash for appliances

Unread postby SeaGypsy » Sat 22 Aug 2009, 12:32:45

Ha! Aussie is 240v so most electric crap from here works OK in PI.
The wet season can be a bastard though. Once took a computer over which worked fine then we went up to Baguio for a week when we came back, turned it on and pppffffssttt! It was so wet the floor went mouldy in a week also.
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Re: cash for appliances

Unread postby eastbay » Sat 22 Aug 2009, 12:45:47

Our 11 yo dishwasher finally broke a few weeks ago. We're going to wait for the free cash. Maybe the dishwasher replacement program will start in Fall. That's (spare) change we can believe in.
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Re: cash for appliances

Unread postby AgentR » Sun 23 Aug 2009, 13:07:51

Woohoo! Obama's gonna buy me a second refer!
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'Cash for Fridges' - get your $100 from Uncle Sam

Unread postby Sixstrings » Wed 26 Aug 2009, 16:25:26

$this->bbcode_second_pass_quote('', 'B')efore heading home to face the anger at the now infamous health care "town halls," Congress rushed through an extension to what was then considered a popular program: Cash for Clunkers. Then, like much of the August break, Cash for Clunkers went sideways as critics picked apart the program's weaknesses, consumers stopped showing up with so many clunkers, and dealers started making noise about something as simple as when they might actually get the rebate money that the government promised.

So, what do you do when you have a poorly-conceived and ill-managed project winding down (Clunkers expires at 8 p.m. eastern on August 24)? Kick off another one, even more poorly thought out, and gloss it with an equally catchy name: Cash for Refrigerators. Beginning in the fall, consumers will have access - through existing state-level energy efficiency incentive programs - $300 million in stimulus funds made available as rebates for energy efficient appliances.

So far, so good. If a consumer is out buying an appliance to replace an existing or broken-down one, it is better that they choose an energy efficient model. But, what about special incentive program purchases? Who is the buyer and why are they buying?

The answer is that the most well-educated and most discerning consumers become aware of and make use of special rebate programs for energy efficient appliances. These are not impulse buyers. Some may actually be committed to greening their kitchen and just waiting for the right incentive push, but I doubt it. In other words, my perception is that most of the $300 million will go to middle-class households that already may have a relatively efficient refrigerator, like Clunkers, it won't get at the really dreadful stuff in use in the lowest income households.

Worse still, this program does not borrow one component from Clunkers that would actually have been effective: there is no requirement to take the old appliance offline. Odds are that many of the middle class households claiming the rebate will use the new appliance in the kitchen, and move the old one to the basement, the garage, or the back porch, where it will be pressed into service storing extra beer and the overflow from Costco. The old fridge remains on the grid and we add in the new appliance too. Does that sound like a good environmental deal?

http://www.reuters.com/article/mnEnergy/idUS225779891520090825

Cash for clunkers, cash for refriderators.. 8O. These silly micro-bailouts started with George Bush, that first time he sent out $300 to everyone for no reason at all. Mind you, I'm no fan of bailouts to the rich either. But ever since the little "stimulus" checks, the clunker checks, now the fridge checks.. it all seems an awful lot like Roman bread and games to me. Throwing money at people to buy a fridge is *not* an economic plan, it's a lack of one.

EDIT: I had the amount of rebate wrong in the subject line, the amount will be $30 - $100 for buying energy efficient appliances.
Last edited by Ferretlover on Wed 26 Aug 2009, 16:44:43, edited 1 time in total.
Reason: Merged with earlier thread on same topic.
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Re: 'Cash for Fridges' - get your $300 from Uncle Sam

Unread postby Tyler_JC » Wed 26 Aug 2009, 16:36:54

My thoughts exactly.

We are essentially just encouraging MORE consumer spending. Didn't we already have three decades of excessive consumer spending? Why do we want to continue the same unsustainable economic model?

What happens in a couple years when everyone has all of the cars, refrigerators, and toasters that they need? How will we boost the economy then?

This isn't a long term plan, it merely pushes consumption of future years up to today. Unfortunately, we've already been doing this for decades. Rather than deflate the consumer bubble, we're trying to pump it up even further.

Washington can't think of anything other than spend, spend, spend. They don't have another plan. We've been doing it for so long that no one has any other ideas. We need to be encouraging savings and investment, not mindless spending.

Cash For Fridges is utter insanity and a sign that this country is in irrevocable decline. :x
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Re: 'Cash for Fridges' - get your $300 from Uncle Sam

Unread postby Sixstrings » Wed 26 Aug 2009, 17:17:35

$this->bbcode_second_pass_quote('Tyler_JC', 'M')y thoughts exactly.

We are essentially just encouraging MORE consumer spending. Didn't we already have three decades of excessive consumer spending? Why do we want to continue the same unsustainable economic model?

What happens in a couple years when everyone has all of the cars, refrigerators, and toasters that they need? How will we boost the economy then?

This isn't a long term plan, it merely pushes consumption of future years up to today. Unfortunately, we've already been doing this for decades. Rather than deflate the consumer bubble, we're trying to pump it up even further.

Washington can't think of anything other than spend, spend, spend. They don't have another plan. We've been doing it for so long that no one has any other ideas. We need to be encouraging savings and investment, not mindless spending.

Cash For Fridges is utter insanity and a sign that this country is in irrevocable decline. :x


I understand now why a depression / great depression is an inevitability -- something that simply must happen, because we cannot stop ourselves from inflating bubbles.

Imagine, for a second, that you had personal access to the credit of your descendants. You'd start with some credit cards in the name of your kids. When you max those out, then you open credit lines in the names of your grand-children, then great-grandchildren and on down the line. All this continues until you announce you're retiring now and won't even be offering any labor of your own henceforth. Eventually you leave this world, and your descendants inherit mountains of dead.

Being raised by you, your kids expect to live the same way and pile on more debt in the name of future generations. This whole scheme is nothing short of exponential, and doomed to collapse.

Now I know we don't literally have credit cards with our grand-kids name on it, but this is exactly what we're doing on a national level. And as our nation's private debts collapse, they get assumed by the state (which means assumed by future generations). Where does all this end? I dunno, it's the greatest economic experiment of all time.. since the world is really one economy now, I think it can really only end in one world government. The world's economy will have to reset, which means they'll have to all do it at once, which requires unified government.

EDIT: one last thought about national debt.. historically, it's been necessary and accepted to pass on massive debts to future generations in limited circumstances -- war. And then in times of peace, the war debts are repaid. What we have now is just massive debt to fund our bread and circuses, with no intention of ever ending the spending spree and paying off the debts.
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Re: Cash for appliances

Unread postby pup55 » Wed 26 Aug 2009, 22:50:56

$this->bbcode_second_pass_quote('', 'T')his isn't a long term plan, it merely pushes consumption of future years up to today.


$this->bbcode_second_pass_quote('', 'Y')ou'd start with some credit cards in the name of your kids. When you max those out, then you open credit lines in the names of your grand-children, then great-grandchildren and on down the line.


I think it was Krugman who said that if you are not outraged, you're not paying attention.

http://money.cnn.com/2009/08/26/autos/clunker_price_rise/?postversion=2009082618

Unfortunately $2.1B to get 700,000 clunkers off the road is just roundoff error compared to the trillions that were spent, with money borrowed from your grandkids, to shore up the financial system, and pay bonuses to the felons that got us into trouble in the first place.

It did make the 700,000 people a little happier, since getting rid of your junky old car usually is a nice feeling. It was good PR....

This amount of money is approximately equal to (2) B2 bombers, according to this article:

http://wapedia.mobi/en/B-2_Spirit

So there will probably be a lot of programs like this. Green up your house. Get a new fridge. There will undoubtedly be more "stimulus checks" because it takes peoples' eyes off of the real problem, and really does not cost much....

But it does not solve the many underlying problems.....
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Re: Cash for appliances

Unread postby frankthetank » Thu 27 Aug 2009, 12:56:56

I want a new chest freezer...

How do i get the government to pay for some of it? Also, we need a new stove. Ours is old and my son takes the knobs off while i'm cooking and sometimes i get mad and yell :) Want an electric convection with the knobs up high.

Reminds me of that "Reno 911" episode where they have "handjobs for handguns" campaign.
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