Announcement

Collapse
No announcement yet.

Grinding the Seed Corn: Part 7

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Grinding the Seed Corn: Part 7

    State reveals plan for appliance rebates

    Following in the footsteps of Cash-for-Clunkers, tax credit for 'first-time' home buyers, tax credit for new home buyers, etc.. we now have....

    Kathleen Pender
    Sunday, October 25, 2009

    California consumers could get rebates ranging from $50 to $100 if they purchase a new, energy-efficient clothes washer, refrigerator or room air conditioner starting in late April under a proposal submitted by the state to the federally funded cash-for-appliances program.

    The American Recovery and Reinvestment Act provided a total of $300 million to the states to set up appliance-rebate programs. California's share is about $35 million, which should provide rebates for at least 375,000 appliances, or about 1 for every 32 households.

    Each state's energy office can decide which types of appliances will qualify, how big the rebates will be and other rules as long as they meet federal guidelines.

    Although the program is part of the economic stimulus package, some manufacturers fear it could stall sales as people wait to buy an appliance until they can get a rebate.

    A few states plan to start offering rebates before year's end, but "a lot are talking about starting on Presidents Day or Earth Day" in late April, says Jill Notini, a spokeswoman for the Association of Home Appliance Manufacturers.

    "We would like to see this funding used how it was meant to be used, as a stimulus, (with programs) up and running as soon as possible."

    The California Energy Commission designed its plan with the help of utilities, says Susanne Garfield, a spokeswoman for the commission. The commission will hold public meetings early next month to get input on program guidelines.

    Under the proposal, which needs federal approval and could change before the program starts, rebates will be available on a first come, first served basis for certain appliances purchased from a participating California retailer between April 22 (Earth Day) and May 30, unless the money is exhausted before then.

    "We could start as early as mid-March if our guidelines are approved and we have our (retail) partners," Garfield says.

    The rebates will be $100 on eligible washers, $75 on refrigerators (excluding wine coolers and specialty models) and $50 on room air conditioners. Rebates are limited to one per household per type of appliance. They can be combined with other rebates.

    http://www.sfgate.com/cgi-bin/articl...BUKF1A9HGS.DTL

    Of course California, like the Feds, is stone broke.

  • #2
    Re: Grinding the Seed Corn: Part 7

    Just because your broke doesn't mean you can't spend money, ask Bennie Boy he'll show you the magic. I just waiting on the 100% rebate for "Insert product here" Programs to start, So I can go on the spending spree I am so richly entitled to by my virtue of being a citizen on these fine United States.
    We are all little cockroaches running around guessing when the FED will turn OFF the Lights.

    Comment


    • #3
      Re: Grinding the Seed Corn: Part 7

      Originally posted by jacobdcoates View Post
      Just because your broke doesn't mean you can't spend money, ask Bennie Boy he'll show you the magic. I just waiting on the 100% rebate for "Insert product here" Programs to start, So I can go on the spending spree I am so richly entitled to by my virtue of being a citizen on these fine United States.
      get ready for permanent cash for clunkers everything.

      here's the model...

      in japan the excise tax on cars goes up every year until after 10 yrs you have to buy a new one. they pack up all the 'old' cars & ship them all over the world.

      Comment


      • #4
        Re: Grinding the Seed Corn: Part 7

        Originally posted by metalman
        in japan the excise tax on cars goes up every year until after 10 yrs you have to buy a new one. they pack up all the 'old' cars & ship them all over the world.
        Except in Japan the response is to just own less vehicles...

        http://search.japantimes.co.jp/cgi-b...0090821a4.html

        The number of cars owned per household fell for the third straight year in fiscal 2008 as the global economic downturn pummeled auto demand, an industry association said Thursday.
        The number of privately owned vehicles per household, including minivehicles, came to 1.086 units at the end of March, down 0.009 unit from a year earlier, according to data compiled by the Automobile Inspection & Registration Information Association.
        The US in comparison:

        US consumer spending breakdown.jpg

        1.9 vehicles per household. Think something might change?

        Comment


        • #5
          Re: Grinding the Seed Corn: Part 7

          Originally posted by metalman View Post
          get ready for permanent cash for clunkers everything.

          here's the model...

          in japan the excise tax on cars goes up every year until after 10 yrs you have to buy a new one. they pack up all the 'old' cars & ship them all over the world.
          In Japan, they also have very strict tailpipe-emissions laws that make it almost impossible for cars older than 5 years to pass. My prediction is that something very similar will be enacted here, in the name of saving the environment.

          Comment


          • #6
            Re: Grinding the Seed Corn: Part 7

            Originally posted by Chomsky View Post
            In Japan, they also have very strict tailpipe-emissions laws that make it almost impossible for cars older than 5 years to pass. My prediction is that something very similar will be enacted here, in the name of saving the environment.
            exactly... we'll each buy a new car every 5 yrs whether we want to or not.

            but where will we get the $$$? the fire boys will have to do better than this...
            New lending program targets consumers, business
            March 3, 2009

            TALF program finally going into operation on March 25, Fed says

            WASHINGTON (MarketWatch) -- A new lending program from the Federal Reserve and the U.S. Treasury could generate up to $1 trillion in loans for small businesses and consumers, the government announced Tuesday.

            The Term Asset-Backed Securities Loan Facility, or TALF, will provide its first loans March 25, the government said. The Fed announced the program involving asset-backed securities, also known as ABS, in November, then unveiled an expansion last month, but the highly anticipated program was delayed.

            Companies or investors interested in participating will apply to the Fed on March 17.

            The New York Fed will lend up to $200 billion to owners of high-rated asset-backed securities, such as those backed by consumer loans, auto loans, student loans, credit-card receivables or small-business loans. Investors or companies holding these loans will be able to use them as collateral to obtain fresh funding from the government to extend credit to new customers worth up to $1 trillion.

            The Fed's program is designed to make a profit in the long run through interest and fees. To manage the growth in the Fed's balance sheet, the Fed and the Treasury will ask Congress for legislation to give the Fed additional powers.
            that program sucked...
            Goldman Sachs Seeks to Restart Commercial-Backed Debt

            Bloomberg - Sarah Mulholland, Christine Harper - ‎Oct 9, 2009‎
            “An actual close at reasonable terms would be a significant positive for new-issue TALF which has been slow to get off the ground,” said Aaron Bryson, ...

            Comment


            • #7
              Re: Grinding the Seed Corn: Part 7

              plus you don't need a car in japan.
              Attached Files

              Comment


              • #8
                Re: Grinding the Seed Corn: Part 7

                Originally posted by Thailandnotes View Post
                plus you don't need a car in japan.
                That's the kicker!

                Comment


                • #9
                  Re: Grinding the Seed Corn: Part 7

                  And you shouldn't really need one in American cities.

                  Comment

                  Working...
                  X