Daily PUMA Column - Commentary by Alessandro Machi

Showing posts with label incentives. Show all posts
Showing posts with label incentives. Show all posts

Saturday, August 8, 2009

UH OH, SOMEBODY GOT THROWN UNDER the CASH for CLUNKERS BUS!

Apparently, used car dealers and car repair places are watching some of their best customers disappear right in front of their eyes as cash for clunkers gobbles up their pride and joy, oldish cars that still work and need to be maintained. Used Cars that can be repaired, reused, and resold.

Will the used car industry get a bailout?

One thing that remains obvious to me is, Consumer credit card debt MUST BE DRIVEN DOWN by offering incentives to those who have debt and are trying to pay their credit card debt down. If frugal people who were getting by on their older cars now have purchased newer cars, haven't they just taken on more debt?

I think the most obvious incentive to help our economy is to waive any future interest rate charges on existing credit card debt, not waive the debt, just waive future interest rate charges, penalties and fees for those who are trying to pay down their credit card debt.

I don't have a suggestion for the used car industry other than sorry you were in the way of the Barack Obama "throw em under the bus" Express. Lets just hope that Michelle didn't look around one day and say, "there's so many yucky cars on the road, do something about it, honey".

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it.
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Thursday, August 6, 2009

Why Barack Obama's Poll Numbers Just Don't Matter.

Years ago I heard a funny answer to the question, How old is old? The answer, 15 years older than your current age. Since that answer will always remain 15 years ahead of whatever age one has become, 15 years from now you may give the same answer you gave 15 years ago.
When it comes to Barack Obama's poll numbers, I have some bad news for republicans. Whatever Barack Obama's poll numbers are, YOUR NUMBERS WILL CONTINUE TO BE AT LEAST 15 POINTS LOWER!
The mere fact that Republicans think they gain a point for every point Barack Obama loses, just points to how selfish they really are. In my book you EARN WHAT SOMEONE ELSE HAS LOST, you don't just stand by and expect to get something for nothing, unless you are a do nothing republican.

Until someone actually does something to alleviate the monthly pressure of ridiculous interest rate charges on stupid, worthless 1 trillion dollars worth of consumer credit card debt, I just won't vote for either party.
Could you imagine what 15-25 billion dollars THAT ARE PRESENTLY BEING CHARGED PER MONTH on OLD consumer credit card debt could do for local economies all over the country if the old credit card interest was waived? And none of the waived interest rate charges would be coming from the government or your tax dollars!
It seems so ironic to me that on one side people are judgmental of those with credit card debt, and on the other side people may just give up completely on their debts and default instead. Nobody in power seems to want to champion the most obvious solution of all, just waive all interest rate charges, penalities, and fees on credit card debt that is older than 2-3 years so people can actually see their debt go down on a one dollar borrowed to one dollar paid basis.

Incentives to help people pay down their debts would help local economies grow again, and would actually not cost the taxpayer one cent. EVERYBODY WOULD GAIN, including the banks.

I would suggest that rather than watching Barack Obama's poll numbers, be more concerned that Republicans never met a banker they did not like, just like Barack Obama.

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it.
Daily-Protest.com signs can be placed in a storefront window, a bulletin board at work, or a countertop. Raise curiosity and awareness about how Chase Bank is harming a LOT of of their BEST customers by making a Daily-Protest.com sign.

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