Thats not it ....... the banks do not want to lend money for boats new or used.

It will be interesting to judge the outcome of the first year. But it will be more interesting to see if households have learned anything. There's a reason why some things are regulated, seemingly in a stodgy sort of way. Their actions can indeed hurt the nation. The primary stimulus from 2003 onward was not tax cuts, but very cheap money, no oversight, and people using their homes as ATM machines.

During a three year period, more than 40% of the S&P 500's profits came from the financial sector. They were fake profits, as many call them now, but people were excited. Then cam the price inflation, higher and higher home prices, overspending and over leveraging. Still, some think it was a brilliant plan.

There's plenty of money available. Just not to many that assumed they could get another boat/home/ Hummer. If boat dealers lowered prices anymore, they'd all be out of business.

Yes, govt meddling with the economy is a nightmare waiting to happen, and it did...

At this point in time...........We are putting our grandchildren into debt. Not really helping economy by throwing money at it. Obama's clan has no idea where the cash is going. The US government is financing a company from Italy buying out the number three car manufacturer in the world Fiat. I am sorry but I think we might as well sell everything we can and move to Fiji!:drink:

I could sell everything I own and still have to borrow money to go to Fiji!

The truth is the Kenyan Clown is a Communist ,Now how is that going to work??

What was it like back then? How did you survive? Did you sell sailboats or something? Maybe you can impart some lessons learned back then to some of the younger guys...if you can remember your youth that is! :evilb:

He is just trying to buy himself re-election like every politician. He is just doing it on a much larger more destructive scale. His whole universe is 4 years long.