Another unintended consequence of Clunker Car Deal

According to the Financial Times......The popular US cash-for-clunkers programme may be drawing money from other consumer purchases and could also undermine future car sales, US economists have warned.

“It’s a nice success, but there’s a macroeconomic risk going forward,” said Joseph Brusuelas of Moody’s Economy.com. “[In] the first quarter of 2010, the stimulus will begin to wither, and consumption which would have otherwise occurred next year will have occurred in the second half of 2009.”

See my previous posts

Is Cars For Clunkers subsidizing foreign car purchases?(UPDATE)

A new level of stupidity. "Let's Destroy a Perfectly Good Car ! ! ! ! "

They can't run a $1Billion dollar car program, and they want to run 1/6th of our economy>