Archive for August 21st, 2009

Pacific’s Social Media Presence

Friday, August 21st, 2009

If you’re interested in discussions about making the world a better place, come visit Pacific’s Facebook page. To get quick updates about recycling and environmental topics, follow Pacific on Twitter.

Is Cash For Clunkers A Big Success?

Friday, August 21st, 2009

The problem with articles like this is that they are very short-sighted. Sure there is a boost to dealers, to steel mills and scrap yards but how long will it last? While dealers have sold a lot of cars, it only amounts to less than 5% of the total number of new car sales predicted for one year. And dealers have collected only about 2% of the rebate mony from the government. With the program ending on Monday, plan on seeing a huge drop off in car buying after that. All the people who were planning on buying a car over the next 3-4 months will have already bought their vehicles, which leaves a big void of buyers through the beginning of next year. That will lead to reduction of car orders which will lead to a reduction in steel demand which will lead to a reduction in scrap demand which puts us right back where we are now, still a very fragile economy on the edge of recovery. I’m not trying to be a doomsayer, I’m just putting forward the picture that the logical part of my brain has painted. Believe me, I’m generally a very optimistic person so this is hard for me to say. So, what are your thoughts?