Senate Passes "Cash for Clunkers" Program

#26
#26
was there any doubt this was going to fail?

imagine what's going to happen when Obama's "the federal government is going to back your GM vehicle's warranty" claim begins to bite him in the ass.
 
#27
#27
Rasputin_Vol said:
I stand by what I said earlier in the thread. 250,000 cars in a country that buys around 10 M new cars a year is a ripple. Yeah, this quarter, sales will see a significant boost, but throughout the year, will that 250,000 really amount to much of anything significant? I mean, 250K is ony 2.5% of 10 million. Is that going to be the catalyst that jump starts the auto industry?

:unsure:

Again, there are far more egregious ways the gov't spends money. This is probably at the bottom of the list. But I'm not certain this is going to have much of an effect on anything.
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now they are talking about increasing production to meet the demand. so what happens when this money runs out and obama's buddies start getting laid off again? when will it ever end?
 
#28
#28
droski said:
now they are talking about increasing production to meet the demand. so what happens when this money runs out and obama's buddies start getting laid off again? when will it ever end?
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this mentality drives me nuts - this is basically skimming some pent up demand and encouraging forward buying. The can is being kicked down the road once again.
 
#29
#29
now if obama actually put this in place when they were selling off inventory like crazy, you know like when the stimilus bill actually passed, then maybe it makes some sense. now this just seems stupid.
 
#30
#30
Just another way you can financially support Government Motors GM and the UAW Union Treasury. You THINK you are getting a deal but they are really getting your money for themselves.
 
#31
#31
droski said:
now they are talking about increasing production to meet the demand. so what happens when this money runs out and obama's buddies start getting laid off again? when will it ever end?
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Obama would then have to turn around and spend 2-3 billion to pay these guys to sit at home...

I think that these guys on Obama's staff are smart enough people to realize that 3 billion here, 2 billion there is nothing to concern yourself with. :crazy:
 
#32
#32
I absolutely despise this program. I'm planning on buying a car this year. I plan to pay cash and I don't want to trade in. I've been budgeting for it since I bought my last car with cash. If the auto market had continued the dealers would've been forced to cut me a great deal just to take the inventory off of their hands. Now, my tax dollars are subsidizing them so they don't have to give me as good a deal, and everyone that wasn't in a position to take advantage of the situation before are getting great deals but going further in debt (I'm sure most of the cars bought with cash for clunkers are being financed).

I just don't see how this is helping the majority of Americans. Sure.. more people have nicer rides, but in the long run they will pay more than if they'd kept their clunkers.
 
#33
#33
Wow, most of you need to calm down about this. It was said from the beginning that this was a limited time progam with a certain amount of money. Then, when the money ran out, people started complaining saying it was poorly ran. How? It was known upfront that this wasn't a permanat program.
 
#34
#34
T-TownVol said:
according to the messiah, 0%....it is all to his glory

i know for a fact that people here in ATL are buying $500 cars at the "tote-the note" lots and trading them in for new cars, especially at Dodge dealers since they are doubling the cash
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That's really funny considering the program states that you have had to have the clunker registered and insured for 12 consecutive months before trading it in.
 
#35
#35
Let's see

1. Claim we need to rebuild the economy to one where people don't rely so heavily on debt.

2. Use incentives to encourage people to get rid of working (and presumably paid for) vehicles in exchange for new vehicles for which the customer goes into debt to buy.

3. Destroy old vehicles so others can't buy these inexpensive cars.

4. Add to national debt to run said program.

Brilliant!
 
#36
#36
timmy said:
Wow, most of you need to calm down about this. It was said from the beginning that this was a limited time progam with a certain amount of money. Then, when the money ran out, people started complaining saying it was poorly ran. How? It was known upfront that this wasn't a permanat program.
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That is a cop out. Hell, they estimated the length of the program would last until the end of November, not less than 45 days later.
 
#37
#37
Rumor control:

I heard last night that once these clunkers are turned in, the dealers have to pour some kind of chemical in the engines that will seize them up essentially and make them unable to use in the future. It sonded ridiculous when the guy told me on one hand, but then again, I could see these bureacrats doing something like this to make sure these engines are off the streets. However, I cannot imagine there will be many dealers out there that will be pouring stuff in 350 Chevy engines and what not and just throwing telling the gov't that they have destroyed the engines. You gotta expect some of these engines to be "salvaged" and floating around on the black market.

Anybody heard this and is there any truth to this rumor?
 
#38
#38
volinbham said:
Let's see

1. Claim we need to rebuild the economy to one where people don't rely so heavily on debt.

2. Use incentives to encourage people to get rid of working (and presumably paid for) vehicles in exchange for new vehicles for which the customer goes into debt to buy.

3. Destroy old vehicles so others can't buy these inexpensive cars.

4. Add to national debt to run said program.

Brilliant!
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^^^^^^^^^^^^^^^^^^^^^^
SmileyClap.gif
 
#41
#41
Rasputin_Vol said:
Nevermind, GOOGLE is my friend...

Dealers Race to Get Their Clunkers Crushed - The Lede Blog - NYTimes.com
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Nick Clites, who is in charge of used cars for the dealership, was prepping a 1988 BMW 535IS, with 214,000 miles on the odometer, for its death. He drained the oil, then donned a silky blue protective suit, goggles and gloves and poured a sodium silicate solution into the engine. He revved the car, and within a few seconds, the solution hardened into a glass-like substance, the engine seized up and the car was dead.
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what a shame. Unless, of course, the car was in dreadful shape. 214K really isn't all that much, even for a 1988 model year car.
 
#42
#42
timmy said:
That's really funny considering the program states that you have had to have the clunker registered and insured for 12 consecutive months before trading it in.
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You really are a naive one.

Car dealers wrote the defonition of 'playing with the paperwork'. However, I'm sure you're convinced no one would ever abuse a government program.
 
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