Posted on 08/20/2009 8:31:04 AM PDT by rightwingintelligentsia
Another wave of subsidies are on the way, this time for the home appliance market.
Trading in old home appliances will soon earn consumers up to $200 towards the purchase of high-efficiency upgrades. The program, authorized by Congress earlier this year, will be capped at $300 million taxpayer dollars, and will apply to household appliances like refrigerators, washing machines, and dishwashers, as well as furnaces and air-conditioning systems.
The existing cash for clunkers auto program is on its second round of funding, and struggling U.S. automakers Ford (NYSE: F - News) and GM (OTC: MTLQQ - News) are both upping production in response to demand from dealers. Appliance makers and retailers are hoping to see similar results, as the industry has suffered amid lagging home sales.
(Excerpt) Read more at finance.yahoo.com ...
That figures. I bought a new washer and dryer earlier this year. Darn! I’m always out of the loop.
Words fail me.
Great! My ‘fridge is 10 years old. I can get $200 for it!
Oh wait... then I have to spend $1200 for a new one. Never mind.
Ditto.
Why am I not surprised? Look at me, NOT being surprised!
Our local news is reporting that this is happening all over the U.S.
The government can't even handle a simple rebate program, and some want them to run our entire healthcare system?
I would like to know how cash for clunkers ran out of money when the DEALERS never GOT their money. Where'd the money GO?
Hey Obango!....shove your subsidy!
Just tell me when the cash for clunker American presidents begins!.....
My appliances are 20 years old - oh, but they all seem to work. I agree - never mind.
Exactly.
re: The existing cash for clunkers auto program is on its second round of funding
No it’s not. It’s on its second round of promises, not funding. There’s a huge difference between the two when it comes to dealing with the feds!
I hope my wife doesn’t turn me in.
Hang on.....free rice cookers are just around the corner!
I am visualizing a Sub Zero Refrigerator and a Wolf Range, the Three Card Monty bate and switch, will cover it right?/Just Asking - seoul62.......
Do we even make appliances in the US anymore? This program must be on China’s behalf...
When I found out the repairs to my circa 1985 refrigerator would cost $982, we bought a new refrigerator during the sales tax free “buy energy-saving appliances” week here in Missouri. I have to admit, this new refrigerator is pretty nice; manufacturers have made lots of refinements in the past 25 years.
LSAggie (posting on hubby’s account)
My Amana stainless steel fridge has fingerprints on it again. I WANT CASH FOR MY CLUNKER!
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