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Originally Posted by Riot
Backfired big time? How? You didn't even support GM and buy a GM car! How the hell do you think GM got to needing a bailout - due to people like you that bought FOREIGN over AMERICAN!
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You answered the question yourself. GM needed a bailout because they make inferior cars and trucks or crap as you put it. People like me don't like crap. So the President using 'our' money bails out the company making crap, then comes up with a plan to help sell more cars and their competition gets more than the lion's share of 'our' money. GM loses twice both in service work and sales which may have gone to them if a $4500 incentive wasn't there to buy a more expensive Honda or Toyota. Cause some people will buy crap if it's the only thing they can afford.
One point that is missed in all of this are the charitable companies that take 'clunkers' in for a donation, (tax deduction) fix them up and provide them back to people who can't afford a new car with the money made going to charitable causes. It's really not that hard to understand now is it?
Maybe I'm forgetting the hole Hope thing as in you buy a piece of crap and Hope it doesn't break down.