Wednesday, August 5, 2009
From incentives for SUVs to Cash for clunkers
Hard to believe that it was six years ago that Bush put into the tax code a deduction for SUVs. It was obvious who this tax break was geared toward. At $75,000 it only benefited those at the very top, the wealthy. CEOs doctors and lawyers could now stroll into a showroom and pick out their wet dream Hummer or Navigator knowing that most of the cost could be written off in taxes. It was once again Bush thumbing his nose at the environment as well as the middle class. And why not he was a representative of the "conservative party". You remember them. The ones who were supposed to be tight with a buck. The ones who wanted to shrink government and drowned it in a bathtub.
Who else did this wonderful scheme benefit? Most of those SUVs had the highest profit margins of anything made in Detroit and not to mention that the gas milage was the worst of anything on the road. Even Detroit had to blush and redesign the Hummer to a smaller more fuel efficient version.
Then there's the Ford Explorer. I haven't checked the milage on this gas guzzler but I have to assume that it hit's the top of the charts as the number one fuel sucker. The top three trades in the Cash for Clunkers program are Explorers of different years. What no Hummers? That's an easy read. With the older Hummers original sales price topping out at over 100 grand who in their right mind would dump it for a meager $4500. So you just might be stuck with that white elephant and hope somebody steals it for a joy ride or maybe you could park it in front of Green Peace headquarters with a sign that says Screw the Environment.
Who benefited from Bush's little scheme? The car companies were cranking out high profit rigs while the oil companies saw a spike in their sales. And where did the blame fall when the economy collapsed? It wasn't the CEOs or the White House that hatched this little plan. Of course you must blame this on the worker who was finally making a decent wage and benefits yet gave concessions to try and save his job while CEOs got fatter wallets by cutting costs and jobs that fell on the line worker.
So now finally the adults have taken over and put some true conservative thinking into play. How's spending $1 billion considered conservative you ask? Simple, it's just like you adding insulation to the attic or changing to CFL bulbs in your lights. Yes it costs a little up front but over the long haul it saves quite a bit. It saves tons of gas. It gets the dealers back to work instead of playing cards all day or worse hitting the unemployment line. It will eventually get the parts people back to work. And it helps the environment. This is a win win situation. Not to mention it gets some much needed tax dollars back in state coffers.
It's so obvious that all that Bush and the republicans did to this country was WRONG. It should be easy to see that the best way to undo the mess is do just the opposite of what he did. Can we now call George W. "professor backwards"?