Cash for Clunkers now going to apply to Appliances ($300.00 for a Washer/Dryer)

[Soul Crusher]

Cash for Clunkers to Target Home Appliances
By the tickerspy.com Staff
On Thursday August 20, 2009, 10:12 am EDT
Another wave of subsidies are on the way, this time for the home appliance market.

Trading in old home appliances will soon earn consumers up to $200 towards the purchase of high-efficiency upgrades. The program, authorized by Congress earlier this year, will be capped at $300 million taxpayer dollars, and will apply to household appliances like refrigerators, washing machines, and dishwashers, as well as furnaces and air-conditioning systems.

The existing cash for clunkers auto program is on its second round of funding, and struggling U.S. automakers Ford (NYSE: F - News) and GM (OTC: MTLQQ - News) are both upping production in response to demand from dealers. Appliance makers and retailers are hoping to see similar results, as the industry has suffered amid lagging home sales.

A rather diverse basket of stocks could benefit from the subsidy program, including conglomerate General Electric (NYSE: GE - News), electronics retailer Best Buy (NYSE: BBY - News), and discounters Wal-Mart (NYSE: WMT - News) and Target (NYSE: TGT - News). On the retail side, companies from three of four of tickerspy's Retail Indexes are set to benefit.

Appliance specialist Whirlpool (NYSE: WHR - News) has been pushing for an efficiency-oriented subsidy program for years, according to a Dow Jones Newswires report.

Lowes (NYSE: LOW - News) and Home Depot (NYSE: HD - News) both sell appliances as well. Both stocks are components of the Home Improvement and Retail Stocks Index.

Sears (NASDAQ: SHLD - News) should also benefit from the appliance subsidies, but today investors are focusing more on the company's surprise second-quarter loss, sending shares down by -11%.

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Could this be? 

[Soul Crusher]

Here is the link:

http://finance.yahoo.com/news/Cash-for-Clunkers-to-Target-indie-3321974887.html?x=0&.v=1




Maybe the next thing is that 50 y/o men will ask for a subsidy to trade in their wives.  Cash for clunkers.   

[The True Adonis]

These type of programs are awesome at generating long term savings and immediate revenue and are truly fiscally sensible.


Good stuff.  Hope to see more of them.

[Soul Crusher]

These type of programs are awesome at generating long term savings and immediate revenue and are truly fiscally sensible.


Good stuff.  Hope to see more of them.

TA - since you have a lot of time on your hands - go pick up this book. 

[Soul Crusher]

TA - since you have a lot of time on your hands - go pick up this book. 

[The True Adonis]

I will pick it up.  Perhaps I will write a critique on my thoughts on it.  I have about 100 pages left in HW Brands Andrew Jackson Bio and then I will look into this book.

[Soul Crusher]

I will pick it up.  Perhaps I will write a critique on my thoughts on it.  I have about 100 pages left in HW Brands Andrew Jackson Bio and then I will look into this book.

The basic idea is that we should always look beyond what seems most obvious to us and look at unitended consequences that can result from our actions.