Fiery Cash Victim′s Last Call
It details how the brother-in-law of the CHP officer is telling the 911 operator what he thinks is a malfunction in their vehicle.
The recent tragedy is still under investigation and so it is not yet confirmed whether the defective mats caused the jamming of the accelerator but this accident proves that not even a cautious driver such as a CHP officer can be in danger in these road accidents.
The two Sides of Cash for Clunkers
At first glance, Cash for Clunkers has achieved its goal; it stimulated the automotive industry; it provided employment; there is movement of money in the economy because of the huge selling and spending.
Plus, it removed some of the fuel- inefficient cars on the road.
However, as what was said in the blog “Cash for Clunkers Program: An Aftermath,” there are both positive and negative effects in the program.
In economics, there is such a thing as opportunity cost. It refers to what we give up in exchange for our choices. For consumers, we traded in our fully paid cars for vehicles that we loaned for and now we are paying for about $200-300 every month for it.
That is an extra expense that wasn’t there before and it can put a dent on a middle class family’s budget.
Industry wise, it may have created employment in the automotive industry, but it may cause unemployment in the auto-salvage industry in the long run.
With used cars traded in and destroyed for new cars, there are fewer cars to be repaired and sold in the market. That will result in the termination of some employees in auto-salvage companies.
Not to mention that it can increase the prices for used cars that are preferred by low-income people. Now only time will tell if the good of the program outweighs the bad.
The two Sides of Cash for Clunkers
At first glance, Cash for Clunkers has achieved its goal; it stimulated the automotive industry; it provided employment; there is movement of money in the economy because of the huge selling and spending.
Plus, it removed some of the fuel- inefficient cars on the road.
However, as what was said in the blog “Cash for Clunkers Program: An Aftermath,” there are both positive and negative effects in the program.
In economics, there is such a thing as opportunity cost. It refers to what we give up in exchange for our choices. For consumers, we traded in our fully paid cars for vehicles that we loaned for and now we are paying for about $200-300 every month for it.
That is an extra expense that wasn’t there before and it can put a dent on a middle class family’s budget.
Industry wise, it may have created employment in the automotive industry, but it may cause unemployment in the auto-salvage industry in the long run.
With used cars traded in and destroyed for new cars, there are fewer cars to be repaired and sold in the market. That will result in the termination of some employees in auto-salvage companies.
Not to mention that it can increase the prices for used cars that are preferred by low-income people. Now only time will tell if the good of the program outweighs the bad.