Posted on 08/19/2009 4:19:17 PM PDT by Shellybenoit
Over all the Cash for Clunkers program makes about as much sense as breaking all the windows in the country so that you can sell new windows. You trade in a car get $4,500 toward a new car and the dealer has to destroy your old car, instead of re-selling it. This clunker of a program breaks a key rule of economics, for an economy to grow you need to create capital. The United States economy is in the crapper and our government, is destroying capital.
It gets even worse, dealers all over the country have been complaining because they are laying out the $4,500/car and the government is slow in paying it back.Today the New York Auto Dealers Association has announced that hundreds of auto dealers have pulled out of the Cash for clunker program because they can no longer afford to wait for the government to pay their obligations.
Ladies and Gentleman this is is the same federal government that wants to take over your Health Care.
(Excerpt) Read more at yidwithlid.blogspot.com ...
Four out of five applications for reimbursement are REJECTED. Obama’s screwing business AGAIN! Oh, how Zero loves to wave a "carrot" and gives them the stick. When will people LEARN???
Hahaha....Obama cannot get anything right.
This is a “No-Brainer”!You”artificially”stimulate the automobile industry with”Cash For Clunkers”The main reason being the conservation of energy(trade-ins for more fuel efficient vehicles).They”subsidize”this with tax-payer’s money and then require the dealers to DESTROY the trade-ins!In other words,the”food-chain”of the automobile biz is diverted to a scrap-yard!!There are NO used cars or even parts for the salvagers!!!All the energy used to create these vehicles(and their usable parts,engines,etc)is WASTED!!!!When the program is over,it’s only created more debt and NO lasting wealth whatsoever!!!!Obama Care,here we come!!!!!!!!!!!!!!!!!!
If they blew through $1 billion in a week and had to shake the money tree for $2 billion more, but virtually none of the dealers got paid back, where did the first billion go?
I smell a rat.
You too?
I’ve been asking the same thing and of course, the media is just such a propaganda arm they don’t bother asking the questions.
Where are the billions? Off shore? Into ACORNS accounts?
Funneled to DNC coffers?
These clowns can’t even run a used car lot.
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