Another thing to recall about the “Cash for Clunkers” program is how it hurts the poor. The program will take these “clunkers” off the street and give them to the government to destroy. But these are precisely the kinds of cars that poor or fixed-income people tend to purchase. Most of these “clunkers” are of course in fine shape, but they are not “green” enough according to government determinations. So poor people who cannot afford to purchase new, government-approved (and thus artificially expensive) automobiles will be told to “go take a hike” – literally!
The government having melted down these “clunkers,” the market in low priced used cars will dry up, thus driving up cost and further hurting poor and working people as well as seniors and others on fixed income. Grandma who just needs a cheap old car to get down to the pharmacy for her prescriptions will thus be forced to walk or hire a cab, as the finance companies will take a look at her social security income and say “next!”
Cash for clunkers is an attack on the poor for the benefit of government-connected Big Auto big-wigs and GMAC-style bankster/moneylenders. As with most government programs, the poor get the short end of the stick.
As a guy who has always bought used cars, this is absolutely correct.
Actually, it's nothing but a pass-through to the UAW.
I have to agree. Knowing the facts, I have to say that this was “handled stupidly”
Absolutely right. The poor are the ones hurt by this.
don’t forget that those big old gas guzzling land yachts and vans are much roomier for those who live in their cars. i mean really, how does the gov’t expect a family of 4 to cram themselves into a subaru? there is just no place for the t.v. or the clothes line.