There is an aspect of this ‘cash for clunkers’ program that I have not heard addressed and it is this: the program creates an exchange of still usable products (perfectly serviceable vehicles or their parts) for DEBT. Most of the people taking advantage of the program are middle-class, employed people who can qualify for and afford (for the moment) a $15k - $20k auto loan, so they’re taking on rather large debt during uncertain economic times while more affordable used vehicles and their parts are being destroyed. This has got to be the dumbest thing I have ever seen.
But the appeal of the program is not without merit. Finally, middle class taxpayers are actually getting something back from a greedy, confiscatory government rather than the goodies and alms always going to the so-called poor (read: minorities and illegals who can’t qualify for new cars), so I can understand the popularity of the program......at least I think it’s a “program”. The administration and the DoT can’t seem to account for the money at all. For all we know, these auto buyers may never see a dime of it.
Anybody that falls for this scam is a fool.
I got an Idea, I don't pay taxes and I buy a better car and save the Goobermint all that paperwork.
Much better to have let that billion dollars go for gasoline than to just throw it away. But, we cant spend it on gas now, it just went up in smoke to enrich China's scrap metal market.
FRICKING Maniacs are in charge of the Asylum now...
That video is vaguely reminiscent of AlQaeda demonstrating how to chop off an infidel’s head. A car is not a human, duh, but this stuff has a creepy quality to it.