the two posts confli
the two posts conflict. If we have a 14 tiorllin dollar economy, 3% of the economy for one quarter is 14 tiorllin divided by 4, times 3% which equals a little over 100 Billion. If the 125,000 cars caused 100 Billion in GDP then each CFC car sale generated 100 Billion divided by 125,000 in new GDP, which equals $800,000 in new GDP per car sale. If that's true, CFC was one hell of an economic success and we showed all bow down to the economic wizards in Congress who thought up the program.Check my math to make sure I didn't lose a decimal place, but I don't think the opinions referenced in both comment 5 and comment 6 can be right. It might be a .3% increase in GDP, but that would still be an 80K increase in GDP for each incremental sale Edmunds claims were caused by CFC. I doubt that CFC purchases averaged 80K per car. Perhaps Edmunds is wrong and there were really more like 350,000 incremental purchases as Kary seems to suggest (although some may be borrowed from future quarters.) Rate this comment: 0 0