Posted on 08/02/2009 4:36:24 AM PDT by Kaslin
Bad math. That would be about $700 billion.
I am thrilled. We buy 1/4 million junkers and junk them for $4,500 each. Sheer genius. If that program is supposed to save the economy. We are in for deep trouble. My God. What imbeciles.
and then take the still working, still running, still decent trade ins and put glass in their engines and run them till they are ruined .............what absolute numbskulls.............
I need some other number. How many cars were sold last month that didn’t qualify for that $4500 nifty “scr** you and me” bonus.
And the newspoopers trumpet it as a HUGE success. People lining up and going nuts for “free money’..here it is come and get it..FREE MONEY. Even better than Free food and Free healthcare. FREE MONEY. Bypass the buerocracy and save free money by eliminating the middleman.
This was all about getting better mileage, right?? Except, you’ll probably drive that newer car a lot more than that “supposed” junker...Not only will you use more fuel, you’ll have a big fat payment that you didn’t have.
I need a kitchen update. Let’s get a granite/stainless bill going. Wonder how much Obama’s magic money tree would pay for my old cabinets?
Liberal (Progressives) never were very good at math.
I propose a new type ATM. All you have to do is push a button and free money is dispensed. The economy would BOOM. Obama could put one in every store. Put it right before the checkout line.
It is like the old “overproduction” bogeyman of the depression, when the government slaughtered pigs and buried them to raise the price of pork, while a quarter of the country was hungry.
$10,000 a day down the toilet since Christ was born is still worth mentioning.
Remember, only dumbocraps come up with stupid ideas such as this.
It has nothing to do with money. They are not imbeciles. The socialists know exactly what they are doing. The purpose of any of these socialists program is to exert more control over people. The money is irrelevant. It is only a means to achieve their goal of complete domination.
1) I traded in my 04’ PT Cruiser with 75K which got 23 mpg for a 09 PT Cruiser that received 26 mpg.
2) My company shreds cars. We are shredding perfectly good autos. A relatively new Lincoln Continental with only 30k. The list goes on. Surely some one can use it.
3)Some cars we are shredding have not been disabled, (chemicals in the trans and engine causing them to ‘freeze’ ). They are like brand new and could be driven off the lot.
What a waste of tax payer money. DUCKMAN
It is a great idea. I am going to Home Depot this morning. If there was a FREE MONEY ATM I would buy a lot more. It would be a lot faster in stimulating the economy than the Fed printing money and giving it to the banks with all the red tape.
This is just about the stupidest thing I’ve ever heard of. We ar bailing out Hummer owners now. Congress is quite insane.
A very nice little bonus - cuts the cost of one down tremendously....how many people legitimately met the qualifications? Hard to say.....it is very easy to set up a 'paper' business......
They probably can, and the Ward Churchill, Skippy Gates, Alinski styled "professors" are probably jumping for joy and cheering them on.
While presently a small amount, I would suspect they are probably screwing up the secondary used-parts market. If they keep it up, they surely will.
The best of a bad case scenario would have the pols writing the bill so that only cash sales would qualify, in order to get some savings spent. They cannot understand that putting people further into debt, or moving their purchases up a year or two is good economic policy. Absolute imbeciles.
In southern PA, some dealers are advertising a $4,500 discount even if your car isn’t a clunker. Betcha they don’t budge from the list price.
I helped my nephew deliver a newly-sold car to another dealer, and while waiting, looked about the showroom. Only one car had an estimated 28 mpg sticker - all the others were in the 15 city, 20 highway category. Hell, my old ‘94 Chevy and 2005 Ford vans gets 24 mpg on the highway.
I once saw a bumper sticker that espoused my philosophy - “Out of date, but out of debt”.
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