[newgeezer]

Leave it to Dungheap Harkin (the "Ol' Populist" -- he actually called himself that yesterday) to come up with a protracted government-centric scheme alleging to solve a multitude of problems (real and otherwise). Bail out the Big Three, preserve jobs, reduce Global Warming(TM), and make yourself a savior in the eyes of your clueless constituents, all with one swell bill.

How about the poor schmuck(ette) driving a '95 Tercel, Metro or Civic? Good luck finding a domestic new car rated 5 MPG higher than that.

And, where is the wisdom in encouraging a family making < $40K/year to take on thousands of dollars in car debt? Typical government "help."

[camle]

i see the price of cars going up at least 10K in the near future...

[ButThreeLeftsDo]

More government.

Swell...

[caver]

Oh great, more welfare for those that don’t pay any taxes to begin with.

[cartervt2k]

Ahhhh, artificial demand. Is there anything more American than government incentives for an undesirable product?

[wilco200]

I see an increase in the number of new “fuel-efficient GM, Ford or Chrysler vehicles that are assembled in the United States with an average fuel economy of 25 miles per gallon” available on Craigslist for 8K under MSRP.

[RightOnline]

Jaw-dropping idiocy.........

[umgud]

If I was one of the other American carmakers I’d sue for unfair business practices or something. This is just plain unfair and if not, it should be illegal.

[tomnbeverly]

Hey I gotta better Idea...

Lets let all the Hollywood Libs like Oprah and Barbara etc, buy us all fuel efficient cars... They don’t need all them billions they got.

[Red Badger]

So, I go out and buy a junker for $400, trade it in on a new car, get $10k back? Sounds good to me.........

[mgc1122]

“The Sell Fuel Efficient Cars Act would provide a rebate of $10,000 to buyers who trade in a car more than 10 years old for a new American car.”

Does this mean an American car built in Tennessee with all American labor & parts but with a Japanese name badge? Or the “American” car assembled in Mexico with parts from all over?

[newgeezer]

Good luck finding a domestic new car rated 5 MPG higher than that.

To clarify, this is from the press release:

"The [new] car must have an average fuel economy ... more than five miles per gallon better than the trade-in."

[Doc Savage]

Like all Gov’t programs you only have to ask where the original 10,000 comes from.

[2ndDivisionVet]

Why only Chrysler, Ford and GM products? There are many fine automobiles built in the United States by non-union labor such as Nissan, Mercedes, Toyota, etc. Oh, that’s right, it’s about the UNIONS, not the manufacturers.

Senators Tom Harkin and Dick Durbin are two of the stupidest, far-left shills in a chamber known for both.

[wita]

Can’t see this one passing, but maybe they are after the sympathy, we love you, we care, good intentions, it is all in the feelings, from the IOA crowd.

[DungeonMaster]

What a great idea. The two step house rebate program, aka loans to the poor followed by a bailout, got all kinds of negative publicity. So now they skip the government loan phase and go straight to the rebate.

[ecomcon]

Just think what that will do to brand prestige. American car = “I’m on welfare”.

[MathDoc]

Unintended consequences - Part 1: The Big Three can raise their prices to pocket most of the rebate and still be competitive with foreign cars, so that the net savings to buyers will be much smaller than the cost to taxpayers.

Unintended consequences - Part 2: Trade in value for used cars will fall by a huge amount, again lowering the net savings to buyers.

Unintended consequences - Part 3: In yet another waste of our tax dollars, money that would otherwise have been productively generating wealth will be transferred from our wallets through corrupt Washington officials to the big unions and big business. Our kids get to pay all that money back.

Sorry, I noticed the payback for big Democrat donors in this liberal tax-and-spend scheme, but I missed the upside.

[avacado]

"The Sell Fuel Efficient Cars Act would provide a rebate of $10,000 to buyers who trade in a car more than 10 years old for a new American car."

Most excellent! I will trade in my 12 year old Jeep Cherokee for a Mercedes made in Tuscaloosa County Alabama, U.S.A,

[Izzy Dunne]

Fast Eddie down at the corner user car lot is drooling over this.

His inventory of 1994 Yugos just got more valuable.

"Buy a three-dollar car now for $500! Trade in tomorrow for $10k!

[The Anti-One]

The rebate would only apply to purchases of fuel-efficient GM, Ford or Chrysler vehicles that are assembled in the United States.

Ha! Ha! None of the above vehicles exist. All "American made" cars are manufactured in either Canada, Mexico, Brazil,...
Everywhere but here in America.

These demoncraps are sure willy little b******s aren't they?