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Cash for clunkers
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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Cash for clunkers
Yeah, I too found AARP insurance offerings to be highly over-rated (and comparatively over-priced). But I saw through that outfit several years ago. When I discovered that my dues were being funneled to liberal PACs, the DNC, into Democrat re-election efforts, I canceled our memberships (wife's and mine) on the spot.
//greg//
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Cash for clunkers
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Sounds to me like a program designed by the rich for the rich ...
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I was withya (sorta) up till there. How do ya reckon Cash for Clunkers is "for the rich"? What I see is just an extension of the sub-prime mortgage mess. That is, the government tempting insolvent folks to take out yet another loan they would otherwise never be qualified for.
//greg//
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Cash for clunkers
The program is just too poorly thought out in so many ways. But the one that bothers me the most is who's paying for this. It's the "responsible ones" who are once again funding a disproportionate share. I consider myself to be in that group, with two cars that already get 26 and 35 mpg respectively (combined city/highway). The "other group" is comprised of those CfC participants, by virtue of them driving cars that get less than 18 mpg.
The responsibles are funding the $3500 and $4500 gifts that tempt the others to race out and buy a car, one that they likely wouldn't otherwise consider. Yes, some of the others pay taxes too. But they're getting a real time return of substance. The responsibles aren't.
Another example about how poorly this mess was thought out; only 1 out of the top 5 cars purchased under this program - is an American car. And now we're likely going to throw another two billion at it. I'm strongly inclined to agree with the opening post. This is just more redistribution of wealth.
//greg//
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Cash for clunkers
Some folks are lamenting that crushing all these "clunkers" is depriving the market of what may be classic car parts in the future. Personally - given the absurd EPA/NHSTA mandates over the years - I don't really see very many "classics" evolving from the graduating classes of 1984 to 2001.
More to the point, removing the $3500 to $4500 category of cars from the market place - is depriving an very large group of low income people of the only vehicles they can afford. There's a difference between taking a "clunker" into a dealer and financing a new car (whether you can afford it or not) - and just going out shopping for something ($3500 to $4500) that you can actually afford.
//greg//
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