Typical White House Obama/Alinsky tactics - attack and demean anyone who doesn’t parrot their line, even if it comes from non-political, non-enemies like Edmonds.com.
Cash for Clunkers was only designed to goose the Third Quarter GDP numbers ...
and it did.
The 3.5% increase in GDP is a false lying number from a fraudulent lying Government.
How dysfunctional do you have to be to add a automobile enthusiast’s website to you enemies list?
What do university parasites know about business? Nothing. BO does not have a single czar with a business background and it definitely shows in all these idiotic spending programs. Good for Edmond’s for pointing out that they are experts in this area, not Emmanuel, Axelrod and Co.
IOW, "Cash for clunkers" real intent was for the cash flow to move towards the government, out of the taxpayers' hands.
FIGHT ‘EM BACK, EDMUNDS!! Don’t let these punks rule the day!
How stupid are these guys?
You would think that they would had learned their lesson in the face of the Fox new debacle.
All they are doing is driving up web hits at Edmunds.com
Have you ever seen a government lash out so often at its critics?
But wait its not over... If I remember correctly the $8000 incentive to by a house will run out at the end of November. One would expect the real estate market to react with a big dip after that. Again this will be timed to the winter months which are traditionally the slow period. Large good which sales are often tied to house sales, ( new appliances and such) should also see a dip. 4Q09 and 1Q10 are going to be messy.
If the program cost $24,000 per car and the max payout per car was $7,500 if I remember, where did the $17,500 go?
Go get’em Edmunds!
These arrogant Marxist A**HOLES are pissing everyone off!
The clunker seller can expect a “nice” tax bill???
Will THIS? meet staNDIng requirments for BO Eligibility suits ??
...Let's make it a viral kind of question.....
I guess if you ran an op-ed mildy critical of Barry in the Eephus County Farmer’s Reporter, Pennysaver and Gazette, that someone in the White House war room is going to find it and start unloading on you.
I predict this is going to backfire big-time. Americans have no stomach for petty political bullying 24/7/365.
what’s Kelly’s say?
used Obama presidency worth about jackshite..
The Obama administration showing us that it knows as much about the US auto industry as it does about running the country. Nada, nil, zilch - SQUAT!
It’s way worse than that. Ignore all the gas crap and just look at how the stupid car buyer got taken to the cleaners:
If you traded in a clunker worth $3500, you get $4500 off for an apparent “savings” of $1000.
However, you have to pay taxes on the $4500 come April 15th (something that no auto dealer will tell you). If you are in the 30% tax bracket, you will pay $1350 on that $4500.
So, rather than save $1000, you actually pay an extra $350 to the Feds. In addition, you traded in a car that was most likely paid for. Now you have 4 or 5 years of payments on a car that you did not need, that was costing you less to run than the payments that you will now be making.
But wait; it gets even better: you also got ripped off by the dealer. For example, every dealer here in LA was selling the Ford Focus with all the goodies, including A/C, auto transmission, power windows, etc for $12,500 the month before the “cash for clunkers” program started.
When “cash for clunkers” came along, they stopped discounting them and instead sold them at the list price of $15,500. So, you paid $3000 more than you would have the month before... (Honda, Toyota, and Kia played the same list price game that Ford and Chevy did).
So let’s do the final tally here:
You traded in a car worth: $3500
You got a discount of: $4500
We could also add in the additional taxes (sales tax, state tax, etc.) on the extra $3000 that you paid for the car, along with the 5 years of interest on the car loan, but let’s just stop here.
So who actually made out on the deal? The feds collected taxes on the car along with taxes on the $4500 they “gave” you. The car dealers made an extra $3000 or more on every car they sold along with the kickbacks from the manufacturers and the loan companies. The manufacturers got to dump lots of cars they could not give away the month before. And the poor, stupid consumer maybe got saddled with even more debt that they cannot afford.
Obama and his band of merry men convinced Joe consumer that he was getting $4500 in “free” money from the “government” when in fact, Joe was giving away his $3500 car and paying an additional $3350 for the privilege.
Think this was stupid for those who were crazy enough to swallow this wonderful scheme?
Just wait until we get health care with no additional costs over what most of us now pay for health insurance and the best medical care in the world. Think that scheme might be designed by the same people who came up with “Cash for Clunkers?”