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 07-31-2009, 15:40 Post: 164522
DennisCTB

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Cash for clunkers or just another income redistribution program? What do you think?






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 07-31-2009, 16:15 Post: 164524
greg_g



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Sorta academic at the moment. Morning news (Fox I think) reported the program crashed after a week. New car dealers loved the upswing in business, but there was apparently some problem in the government money pipeline.

Before this happened, my sympathy went out to the 3rd and 4th tier USED car lots. Those 1984-2001 vehicles that got less than 18mpg were their bread and butter because of the invitingly low price - until the Obama for lunch bunch decided they were "clunkers".

edit: I just found out that Glen Beck is addressing this "stalled" program this afternoon (1700 EST Fox News Channel).

//greg//






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 07-31-2009, 17:20 Post: 164526
earthwrks

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I hear the German gov has done it earlier this year along with one or two other governments over there.






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 07-31-2009, 17:42 Post: 164529
DennisCTB

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They are looking for more money for the program, another 2 billion. I guess the reasoning is better to fund car buying than just send the checks to GM and Chrysler!

To qualify you need a car with less than 18mpg and need to own it for at least a year, and your car must be shredded so you get zero trade in value.

This would limit the program to low income individuals or people who keep clunkers around. Ironically, the people who have the clunkers probably are the same people who defaulted on home mortgages, and may default on these new car loans!

The program may have its merits but color me skeptical, I also don't like that fact that those of us that have been doing the right thing all along get squat while we get the privilege of funding the cost of a new car via our tax dollars for those that could have "cared less ".






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 07-31-2009, 18:50 Post: 164531
kwschumm



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Typical half-baked government social engineering at the expense of the taxpayer (or more correctly, future taxpayers who are being enslaved without a say in the matter).

All this stupid program did is encourage many people who wanted to buy a new car to delay the purchase until the taxpayer picked up part of the tab.






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 07-31-2009, 19:35 Post: 164533
DennisCTB

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I just read that the dealers here in NJ are filling the crankcase of the clunkers with sodium silicate, then running them until the engine seizes into a block of steel and glass. Now the salvage yards don't really want them as the engine was the most valuable piece of the salvage.

Interesting, after WWII manufacturers began shortening the design life of consumer products, so things would break and people would buy more. Now we have taken it to the next step euthanize the cars so they can get a new one!






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 07-31-2009, 19:43 Post: 164534
kwschumm



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Since the government is so pro-euthanasia and anti-term-limits maybe we can combine the two issues to our advantage. How about a law that requires any politician running for a third term to be euthanized?






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 07-31-2009, 21:51 Post: 164535
kthompson



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The best sources I have tell me there is more in common with the clunkers and health care planning being done by the Demoncrats than they are willing to share.
Each will cost more than they admit or budget for.
Desire to get ride of car or person when they have worked as long as they think proper.
Playing with our emotions as it is back and forth and the real truth is not know.
They set the standards as to what is worthy to survive or what must be destoryed.
They are not required to meet the same standards (in the health care deal they get to keep their plan which is totally paid for as long as they live by US tax payers).
We have no choice over time as with cars the health care gets smaller and smaller to be far and protect our planet.

For those who don't understand AARP's attitude, they are a for profit insurance agency that sells some of the higher price insurance in each type they place their label on. I beleive they think there will be business for them by buddying up to the Democrats now.

As in the low price car market and junk yards many will be left in the cold in more ways than one. Yes I see how both programs show their contempt for you and me.






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 08-01-2009, 20:45 Post: 164559
cutter



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This may give you some hope:


http://www.youtube.com/watch?v=UOLs7Cybnqw&feature=related






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 08-02-2009, 09:11 Post: 164562
hardwood

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KT;
I was fooled by the AARP ad's on the TV and thru the mail so I sent in my membership. Being I did it backwards by joining first and researching them later I was amazed at how their slick advertising can fool people into thinking they are in business to help old people, not so at all, their goal is to gouge the old folks. I called their 800 number and asked for a refund of my membersship money, they sent it back. Frank.






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Discussion Boards > Active Subjects > Messages as Posted > Current Events Forum

Thread 164522 Filter by Poster:
Art White 1 | cutter 4 | DennisCTB 9 | earthwrks 5 | greg_g 5 | hardwood 9 | JAZAK5 1 | kthompson 1 | kwschumm 3 |




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