Beleaguered farmers’ third poor harvest in a row mean British shoppers will rely on imported food
Crops from potatoes and peas to cereals are being hit, leading to increased reliance on imported produce
ANDREW JOHNSON MONDAY 01 APRIL 2013
Britain’s farmers are facing the third poor harvest on the run as the coldest March in 50 years plays havoc with crop planting – already significantly down because of last year’s wet weather.
With the cold snap set to continue through April farmers say crops such as potatoes, peas, tomatoes and ornamental flowers have either not been planted, are not growing or are being stunted by the lack of light.
This follows low winter planting levels of cereal crops – a fifth down on last year because of the wet weather. A shortage of spring seed is adding to the problems.
Lower UK crop yields will make UK consumers more reliant on imports and the vagaries of the international markets, which could push up prices. Livestock farmers have been struggling to cope for some time with feed shortages due to poor grass growth in the summer, and continuing snow hampering deliveries.
Farmer’s Weekly columnist David Richardson, who farms near Norwich in Norfolk, said: “Last year our acreage was in the ground by 2 March. This year, with snow falling every day and frosts most nights, there’s no hope of drilling anything. 2013 will be the third poor year in succession.”
Lincolnshire farmer Mark Pettit told the magazine that slug damage and dead patches meant the wheat harvest would be down by 30 per cent – from 15m tonnes to 10m.
The results of the winter planting survey by the Agriculture and Horticulture Development Board showed that until December in England and Wales wheat planting was down by 25 per cent on the previous year, barley down by 19 per cent and oats down 30 per cent. Overall cereal crops were down by 19 per cent.
The board’s senior analyst Jack Watts said: “Traditionally, following a difficult autumn planting spring barley is the most popular ‘go to’ spring crop. However, the availability of seed could be a limiting factor.”
He added: “It is important to remember that UK grain and oilseed markets operate in a global market. It is critical to monitor the global situation.”
Reports from the National Farmers Union Board for Horticulture and Potatoes, which represents growers, provides a snapshot of the difficulties farmers are facing. Growers of potatoes, peas and flowers for garden centres all saying their planting was late and existing crops were being hampered by the cold and poor light.
The board’s chairman, Guy Poskitt, a Yorkshire farmer who grows root vegetables wrote: “The main concern is the land being very wet and cold. Nothing is growing and the prospect of early crops or high yielding summer crops now looks low. Another year of shortage is highly likely.”
He told The Independent: “We’re about a fortnight to three weeks behind. Nature’s a wonderful thing and it might turn around with a warm summer. But if not we’ll need more imports and that means prices go up.”
Tim Papworth, who farms in Norfolk, added: “We are well behind on planting potatoes and drilling peas which will push the whole season back.”
Soft fruit grower Anthony Snell of the West Midlands said: “Yields and production will inevitably be down, but there will be a consistent programme of production throughout the season to ensure that we have enough soft fruit for every summer event.”
Tomato farmer Paul Simmonds of East Anglia added: “Light is significantly down on levels expected for this time of the year.”
Flower growers are facing huge energy bills as they struggle to keep crops warm and supplied with light.
Statistics: Posted by yoda — Mon Apr 01, 2013 3:44 pm
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Yesterday, WaPo’s Valerie Strauss accused scholarship tax credit (STC) programs of operating as Reverse Robin Hoods, robbing from the poor to give to the rich.
Call it welfare for the rich. Why? Wealthy businesses and individuals are the folks who get the tax credits for putting up the cash to pay the tuition. Furthermore, the amount of money for tuition made available for tuition by private scholarship organizations often does not actually cover the full cost of attending a private school. Poor families can’t make up the difference. Guess who can.
The reality is almost exactly the opposite. Donors are not benefitting financially at the expense of the poor or anyone. And while it is true that tax-credit scholarships do not always cover the full cost of tuition at private schools, thanks to low-cost options and needs-based tuition breaks, low-income families are the primary beneficiaries of STC programs.
STC Donors Do Not Benefit Financially
It is odd to claim that “wealthy businesses” are financially benefitting by receiving a tax credit for their donations. Even a 100% tax credit means that they are simply no worse off than before. A corporation with a $10,000 tax liability that made a $10,000 donation to a scholarship organization would then owe no state taxes but it would still have $10,000 less than it did before. Whether the $10,000 went to the government or a nonprofit is irrelevant to its bottom line.
Moreover, Strauss fails to mention that most state STC programs do not grant 100% credits. In fact, only four of the fourteen STC programs do. The other credits range from 50% to 90%. In these states, corporations would be better off financially if they merely paid their taxes.
STC Programs Benefit Low-Income Students
It is telling that Strauss provides only one example to support her claim that rich people benefit from the scholarships instead of the poor: “[Pennsylvania families] eligible to receive money to pay private tuition can earn more than $72,000…”
The key words in that sentence are “can earn.” The relevant question is how much do the families of scholarship recipients actually earn. The nonpartisan Pennsylvania Legislative Budget and Finance Committee reported in 2010 that the average scholarship recipient’s family earned only $29,000 annually, less than half of what the program allowed at the time.
The available evidence shows that Pennsylvania is not unique. Scholarship recipients in Florida must earn less than 185% of the federal poverty line, which is the income threshold for the federal government’s free and reduced lunch program. Nevertheless, the average annual household income of Floridian scholarship recipients is only $24,250, just 12.3% above the federal poverty line. And though Arizona’s corporate STC program has no means-testing requirement, a 2011 study found that more than two-thirds of scholarship recipients earned less than 185% of the federal poverty line.
There is clear evidence that students benefit by participating in educational choice programs. Numerous randomized-controlled studies have demonstrated that students in choice programs exhibit higher academic performance while additional studies have found higher graduation rates, increased college enrollment, and increased civic-mindedness.
It should be noted that in addition to Strauss’ central arguments, her broadside contained numerous significant inaccuracies. Contrary to Strauss’ assertions, scholarship tax credit programs are not the same as vouchers. They differ greatly in terms of their funding mechanisms and administration. Moreover, the U.S. Supreme Court has ruled that STC programs use private money not public money. Every state supreme court to address the matter has agreed. Finally, well-designed STC programs such as those in Arizona, Florida, and Pennsylvania actually save states money by decreasing state expenditures more than they decrease state tax revenue.
Under the status quo, wealthy families already have school choice while low-income families do not. Wealthy families can afford to live in districts with high-performing government schools or send their children to private schools. By contrast, low-income families generally only have one choice: the local assigned government school.
The good news is that scholarship tax credit programs work as intended. As the Washington Post editorial board understands, STC programs expand educational opportunities for low-income families, empowering them to meet the individual needs of their children.
View full post on Cato @ Liberty
The end of the payroll tax cut is hitting those struggling to get by the most. As the world teeters on another leg down in the economy many probably feel that they are already on the down slope.
Last week an internal memo from a Walmart executive said that February month to date sales were “a total disaster.” Walmart’s core customer is feeling pain. Sadly they are likely to feel more.
The world economy is misfiring in a big way right now. Both Europe and Japan are solidly in official recession. It is likely that we are also. The implementation of the Affordable Care Act, aka Obamacare later this year is likely creating a drag also.
I just spoke with a friend who explained that her employer is cutting her hours back so that she didn’t hit the 30 hour threshold for providing healthcare. Now she will probably have to find an additional job or simply do with less income. Either way its a strain. Multiply this out by millions and one can see that this great healthcare experiment may have very real unintended consequences.
Add inflated gasoline and food prices and one has the recipe for a long hot summer.
If gas prices don’t reverse their current trend a serious leg down in the Great Recession is all but guaranteed. But reversing the trend is going to be hard to do with our central bank racing to devalue the dollar.
So settle in folks, it looks like we’ve got another all too “interesting” year in economics and politics ahead.
“It’s a big deal,” says Morgan Housley, a macroeconomic analyst with Motley Fool, an online financial education website. “The biggest impact is on lower-income households since the payroll tax is regressive, only applying to the first $113,000 of income. Wealthier households don’t feel the same pinch because the tax doesn’t hit all of their income. Lower-income households also spend a larger share of their income than wealthier consumers.… Low-income families are in one of the toughest spots they’ve been in since 2009.”
The post Tax Increases Hurt the Poor the Most, Leg Down in the World Economy Looms appeared first on AgainstCronyCapitalism.org.
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An Elegant and Simple Explanation of Why Increasing the Minimum Wage Actually Hurts the Poor (Video)
Removing the bottom rungs of the economic ladder by raising the minimum wage only helps a very narrow band of wage workers and even then by a very small amount. Overall, for the unskilled, an increase in the minimum wage over the market indicated wage is destructive and leads to greater unemployment.
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K. William Watson
The nonsensical sentiment expressed in this post’s title seems to be the guiding belief among people in the United States and United Kingdom currently concerned that eating imported quinoa is harmful to the Bolivian farmers who grow it.
For the uninitiated, quinoa is a grain-like plant that grows only in the Andes Mountains and is possibly the most nutritious food on the planet. In recent years, health food enthusiasts in the United States and Europe have developed an affinity for the exotic import. The result has been a sharp rise in the food’s global price and a concurrent increase in production in Bolivia and Peru.
If you’re like me, you probably think this is a terrific outcome for the Bolivians, who can now sell their crop for three times what they could just five years ago. Major media outlets disagree. The New York Times ran a piece titled “Quinoa’s Global Success Creates Quandary at Home” that warns, “The surge has helped raise farmers’ incomes here in one of the hemisphere’s poorest countries. But there has been a notable trade-off: Fewer Bolivians can now afford it, hastening their embrace of cheaper, processed foods and raising fears of malnutrition in a country that has long struggled with it.”
The UK Guardian ran an article last week airing similar concerns and also published a commentary titled, “Can Vegans Stomach the Unpalatable Truth about Quinoa?” The commentary’s author laments that “the quinoa trade is yet another troubling example of a damaging north-south exchange, with well-intentioned health and ethics-led consumers here unwittingly driving poverty there.”
This is all par for the course in the interminable fair-trade, ethical-consumption conundrum in which the desire among affluent American consumers for things is pitted against their concern that production, commerce, and consumption breed injustice. While part of me finds this hand-wringing amusing, I can’t help but worry about the bigotry implied in the notion that poor foreigners will starve if they are allowed to sell food for money.
I came across a blog post recently by Stefan Jeremiah and Michael Wilcox, two photographers currently in Bolivia making a documentary. They do a really great job of putting the quinoa controversy in its place. After National Public Radio ran a story in November worrying about overpriced food for poor Bolivians and considering the possibility of growing quinoa in the United States, Jeremiah and Wilcox wrote this in response:
The overwhelming evidence suggests that as demand for quinoa increases, Bolivians growing quinoa is providing a viable way of working themselves out of poverty. Perpetuating these myths and half truths only serves to damage a growing economy and undermine hard working farmers’ efforts to lift themselves out of poverty in an honest and sincere endeavor.
What are your motives behind this article (and the others you reference)? It appears that you’d rather Americans didn’t buy from Bolivians and are making a concerted effort to turn Americans away from eating Bolivian quinoa. Convincing Americans that somehow boycotting Bolivian quinoa and taking away the bulk of international demand will do the farmers more good is unacceptable.
Is the American Dream restricted only for Americans of the United States? Is it that ambition, hard work, enterprise, blood, sweat and toil is only reserved for the people of your choosing? Is it because seeing farmers in the Developing World actually succeeding doesn’t fit with your own expectation of misery and starvation? Would you prefer the humble Bolivian quinoa farmer to stay poor and remain in his place?
[We] charge you that all these things are the rights of all the peoples of the Americas across both continents, North and South…if not the World.
HT: Courtney Patridge
View full post on Cato @ Liberty
There are two very different Americas today. In one, the stock market is soaring, high end homes are selling briskly, big banks and hedge funds are rolling in money as if the last financial crisis never even happened, and life is really, really good. In the other America, good jobs are incredibly scarce, incomes are declining, and poverty is skyrocketing to levels that we have never seen before. The gap between the wealthy and the poor in America is getting wider with each passing day. In fact, it is my contention that the U.S. has an even larger gap between the rich and the poor than Downton Abbey does. If you have never seen Downton Abbey, you really should. It is one of the most extraordinary shows to appear on television in years. It is a drama set in the UK which follows the lives of the aristocratic Crawley family and their servants throughout the early part of the 20th Century. It can be a bit jarring to watch servants wait on their masters hand and foot and refer to them by such titles as “Lord” and “Lady”, but the truth is that in many ways there is more inequality today than there was back then. As far as people living in the worst areas of cities such as Detroit and Cleveland are concerned, the socialites that live on Fifth Avenue in New York City or in multi-million dollar homes out in the Hamptons might as well be from another planet. If you have lots of money, America is still a really great place to live. If you barely have any money, America can be really cold and cruel. Sadly, our politicians continue to pursue policies that make things even better for those working for the establishment in places such as Washington D.C. and Manhattan, and worse for all the rest of us. This has especially been true over the course of the past four years. If nothing is done, the gaping chasm between the rich and the poor will continue to get even worse, and in the end that will have some really severe consequences for our society.
So is the answer to raise taxes and “redistribute” more money to the poor? Of course not. Today, we are already paying dozens of different kinds of taxes every year and the government is handing out more money to people than ever before. But poverty just continues to explode.
What the poor in the U.S. desperately need are good jobs, but we continue to ship millions of good jobs out of the country and Barack Obama continues to pursue policies that are killing the U.S. economy.
There is not much help on the horizon for the poor or the middle class in America, and that should be distressing for all of us.
But things in the wealthy parts of America are going absolutely wonderfully right now. Let’s take a few moments and contrast what life is like in the two Americas right now…
In the “good America”, stocks are absolutely soaring. In fact, the S&P 500 closed above 1,500 on Friday for the very first time in more than five years.
In the “bad America”, poverty statistics just continue to get worse. According to a newly released report, 60 percent of all children in the city of Detroit are living in poverty.
In the “good America”, hedge funds are rolling in the profits. The Dow just had its best January since January of 1994, and many analysts are projecting that 2013 will be a banner year for the markets.
In the “bad America”, median household income has fallen for four years in a row, and millions of families are really struggling to find a way to pay the bills each month.
In the “good America”, expensive homes are selling at a pace that we have not seen in years. Just check out what is happening in the Hamptons. According to the National Association of Realtors, sales of homes worth at least a million dollars were 51 percent higher in November 2012 than they were in November 2011.
In the “bad America”, there are hordes of young adults that cannot find jobs and cannot take care of themselves. Shockingly, U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.
In the “good America”, the “too big to fail” banks are partying like it was 2005 again. For example, revenues at Goldman Sachs increased by about 30 percent in 2012 and Goldman stock has soared by more than 40 percent over the past 12 months.
In the “bad America”, poverty is exploding and government dependence has become a way of life. If you can believe it, the number of Americans on food stamps has grown from about 17 million in the year 2000 to more than 47 million today.
In the “good America”, those working for the establishment will do just about anything to make a buck. For instance, Goldman Sachs made 400 million dollars driving up food prices in 2012 while hundreds of millions around the world existed on the edge of starvation.
In the “bad America”, millions of families are wondering how they will make it until next month. If you can believe it, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history.
In the “good America”, everyone has a good ride. In fact, sales of luxury German-made vehicles set new all-time records in 2012.
In the “bad America”, those that have lost everything are shunned and ostracized. In fact, many communities all over America are actually making feeding the homeless illegal.
The fact that there is poverty in America should not alarm you. Every country in the world has poverty. What should alarm you is how rapidly it is growing. Even though the Obama administration tells us that we are in an “economic recovery”, things just continue to get worse. The wealthy elitists in Washington D.C. and New York City may be doing wonderfully, but the truth is that the middle class continues to shrink and just about every poverty statistic that you can think of continues to rise.
If you are convinced that we do not have a “wealth gap” problem in the United States today, just check out the following statistics. Most of them are from one of my previous articles entitled “The Middle Class In America Is Being Wiped Out – Here Are 60 Facts That Prove It“…
-According to the Economic Policy Institute, the wealthiest one percent of all Americans households on average have 288 times the amount of wealth that the average middle class American family does.
-In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
-According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
-The six heirs of Wal-Mart founder Sam Walton have as much wealth as the bottom one-third of all Americans combined.
-At this point, the poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.
-The United States now ranks 93rd in the world in income inequality.
-The average CEO now makes approximately 350 times as much as the average American worker makes.
Sometimes, when the “good America” and the “bad America” collide, the results are quite humorous.
For example, a 23-year-old homeless Brazilian man and his friends recently decided to “move in” to a 7,522 square foot house down in Florida that is valued at $2.1 million. The following is from a recent article in the Orlando Sentinel…
Bank of America has filed to evict nine squatters from a $2.5-million mansion in a posh Boca Raton neighborhood.
In a filing in Palm Beach County court that names 23-year-old Andre De Palma Barbosa and eight other unknown people, the bank claims rightful ownership of the home – despite Barbosa’s attempt to stake his claim on the foreclosed waterside property by using an obscure Florida real estate law.
Barbosa has been invoking a state law called “adverse possession,” which allows someone to move into a property and claim the title – if they can stay there seven years.
A signed copy of that note is also posted in the home’s front window.
Yeah, they will be able to get him and his friends out of there eventually, but in future years I fear that the conflicts between the rich and the poor will not be so nice.
Already, a very ominous “Robin Hood mentality” is building among the poor in this country. Many wealthy people don’t even realize that it is happening. But someday when desperate “flash mobs” are roaming through their neighborhoods looking to do a little “creative redistribution”, then they will get it.
Our society is starting to come apart at the seams, and there is an incredible amount of tension between the rich and the poor. This is unfortunate, but instead of calming things down many of our politicians are actually exploiting this tension.
When our economy crashes, the class warfare of today may actually turn into real war in the streets. Desperate people do desperate things, and when people are hungry and they can’t feed their families, many of them will not be afraid to go over to the wealthy neighborhoods and take what they want.
A lot of people don’t want to see them, but dark clouds are building. According to a recent Gallup poll, Americans are more negative about where America will be five years from now than they have ever been before. Most people know that we are on the edge of something really bad, even if they can’t really explain it.
It is time to get ready for what is coming. Even though the stock market is soaring right now, that could change at any moment. All of the long-term economic and societal trends are pointing to some really bad things in the years ahead, and sticking our heads in the sand and pretending that everything is going to be okay somehow is not going to help.
So what do you think about all of this?
Do you think that the U.S. has an even larger gap between the rich and the poor than Downton Abbey does?
Please feel free to post a comment with your thoughts below…
View full post on The Economic Collapse
In America tonight, tens of millions of men and women will struggle to get to sleep because they are stressed out about not making enough money even though they are working as hard as they possibly can. They are called “the working poor”, and their numbers are absolutely exploding. As a recent Gallup poll showed, Americans are more concerned about the economy than they are about anything else. But why are Americans so stressed out about our economic situation if things are supposedly getting better? Well, the truth is that unemployment is not actually going down, and the real unemployment numbers are actually much worse than what is officially being reported by the government. But unemployment is only part of the story. Most American workers are still able to find jobs, but an increasing proportion of them are not able to make ends meet at the end of the month. Our economy continues to bleed good paying middle class jobs, and to a large degree those jobs are being replaced by low income jobs. Approximately one-fourth of all American workers make 10 dollars an hour or less at this point, and we see them all around us every day. They flip our burgers, they cut our hair and they take our money at the supermarket. In many homes, both parents are working multiple jobs, and yet when a child gets sick or a car breaks down they find that they don’t have enough money to pay the bill. Many of these families have gone into tremendous amounts of debt in order to try to stay afloat, but once you get caught in a cycle of debt it can be incredibly difficult to break out of that.
So what is the solution? Well, the easy answer would be that we need the U.S. economy to start producing more good paying jobs, but that is easier said than done. Our big corporations continue to ship huge numbers of good paying manufacturing jobs out of the country, and millions of Americans have been forced to scramble to find whatever work is available. Today, there are so many very talented American workers that are trapped in low wage work. According to the Working Poor Families Project, “about one-fourth of adults in low-income working families were employed in just eight occupations, as cashiers, cooks, health aids, janitors, maids, retail salespersons, waiters and waitresses, or drivers.” A lot of those people could do so much more for society, but they don’t have the opportunity.
Sadly, the percentage of low paying jobs in our economy continues to increase with each passing year, so this is a problem that is only going to get worse. So don’t look down on the working poor. The good paying job that you have right now could disappear at any time and you could end up joining their ranks very soon.
The following are 35 statistics about the working poor in America that will blow your mind…
#1 According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income”.
#2 According to the U.S. Census Bureau, 57 percent of all American children live in a home that is either “poor” or “low income”.
#3 Back in 2007, about 28 percent of all working families were considered to be among “the working poor”. Today, that number is up to 32 percent even though our politicians tell us that the economy is supposedly recovering.
#5 In Arkansas, Mississippi and New Mexico, more than 40 percent all of working families are considered to be “low income”.
#6 Families that have a head of household under the age of 30 have a poverty rate of 37 percent.
#7 Half of all American workers earn $505 or less per week.
#8 At this point, one out of every four American workers has a job that pays $10 an hour or less.
#9 Today, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.
#10 Median household income in the United States has fallen for four consecutive years.
#11 Median household income for families with children dropped by a whopping $6,300 between 2001 and 2011.
#12 The U.S. economy continues to trade good paying jobs for low paying jobs. 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.
#14 According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.
#15 There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.
#18 According to one survey, 77 percent of all Americans are now living paycheck to paycheck at least part of the time.
#19 Millions of working poor families in America end up taking on debt in a desperate attempt to stay afloat, but before too long they find themselves in a debt trap that they can never escape. According to a recent article in the New York Times, the average debt burden for U.S. households that earn $20,000 a year or less “more than doubled to $26,000 between 2001 and 2010“.
#21 According to the Economic Policy Institute, the wealthiest one percent of all Americans households on average have 288 times the amount of wealth that the average middle class American family does.
#22 In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
#23 According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
#24 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.
#25 Sadly, the bottom 60 percent of all Americans own just 2.3 percent of all the financial wealth in the United States.
#26 The average CEO now makes approximately 350 times as much as the average American worker makes.
#28 Today, 40 percent of all Americans have $500 or less in savings.
#29 The number of families in the United States living on 2 dollars a day or less more than doubled between 1996 and 2011.
#31 Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, about one out of every 6.5 Americans is on food stamps.
#32 More than one out of every four children in the United States is enrolled in the food stamp program.
#33 Incredibly, a higher percentage of children is living in poverty in America today than was the case back in 1975.
#34 If you can believe it, the federal government hands out money to 128 million Americans every single month.
View full post on The Economic Collapse
I am a big fan of used cars generally. I just can’t bring myself to buy a new one given the immediate depreciation which occurs once I wave goodbye to the salesman. It’s just too painful for me. I prefer to buy my cars used.
The secondary market is also important for those who can’t afford a new car. Given that 2013 autos average over $25,000, that’s true for a good number of American families. The total amount paid of course, depending on the interest rate, is in the end a whole lot more than $25K too. The used car market is a key (but often overlooked) part of the economy, and a vital resource for millions of people.
Cash for Clunkers decimated this market because it took many functioning (and paid for) older cars off the road, while at the same time it encouraged people to take on heaps of debt in the midst of the worst recession in 70 years.
Sadly this brilliant scheme didn’t work so well and many people who bought new cars could not actually afford them. To boot, the good used vehicles which remained in the market rose significantly in cost. Many Americans found themselves with a repo man in their driveway and suddenly priced out of a once affordable market.
I suppose if people wait it out enough repossessions will hit the street eventually that used car prices will again edge down. But it sure seems like a lot of pain to get nowhere, and way too much time on the bus.
First, the program destroyed approximately 750,000 working vehicles. They were crushed and sold for scrap metal, primarily to China. This created a severe shortage of affordable, reliable cars for folks like my customers who cannot afford newer, expensive cars. For independent dealers like me, the availability of used cars to resell diminished drastically, while prices skyrocketed.
The post How Cash for Clunkers Hurt Both the Poor and Small Business People appeared first on AgainstCronyCapitalism.org.
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