Cash for Clunkers Success

[Antitrust32]

Originally Posted by Danzig

altho it may be a success in that mpg will improve, i don't know that it's worth $3billion. could that money have been better spent? perhaps in alternative fuel usages, research, or even by helping OUR facilities in regards to refining oil. our refinery capacity hasn't grown in years, there's been no reason to do so...but, if we could take care of our own refining, that would help price-wise, as well as weaning us from foreign oil.

I'm busting out of retirement for this..

Are you kidding me?!?! That 3 bill better spent would just be wasted in some stupid govnt program that nobody would see a penny of. This money is ACTUALLY GOING INTO TAXPAYERS POCKETS! its unreal. I never thought I'd have a chance at 4500 of govnt cash.. but here we are! And people are actually complaining!

This is the best thing Obama has done since in office. Why the repubs are complaining is beyond be. The only problem i have with it is I wish they would salvage the good parts of the cars being turned in..

[Danzig]

Originally Posted by Antitrust32

I'm busting out of retirement for this..

Are you kidding me?!?! That 3 bill better spent would just be wasted in some stupid govnt program that nobody would see a penny of. This money is ACTUALLY GOING INTO TAXPAYERS POCKETS! its unreal. I never thought I'd have a chance at 4500 of govnt cash.. but here we are! And people are actually complaining!

This is the best thing Obama has done since in office. Why the repubs are complaining is beyond be. The only problem i have with it is I wish they would salvage the good parts of the cars being turned in..

er, it is in a govt program...my whole point of whether it's worth it or not is the money being spent by the govt-regardless of where it's going. our deficit expands by the moment. that is the biggest concern economy-wise. so, yay-free money. out of one pocket, into the other. robbing peter to pay paul!

perhaps i should have said 'it may have been better not to have spent it at all'? our govt needs to quit acting as tho we have a limitless supply of dough, and unlimited abilities to borrow and spend.

[Antitrust32]

Originally Posted by Danzig

er, it is in a govt program...my whole point of whether it's worth it or not is the money being spent by the govt-regardless of where it's going. our deficit expands by the moment. that is the biggest concern economy-wise. so, yay-free money. out of one pocket, into the other. robbing peter to pay paul!

perhaps i should have said 'it may have been better not to have spent it at all'? our govt needs to quit acting as tho we have a limitless supply of dough, and unlimited abilities to borrow and spend.

they spend like 500 billion every year that "would have been better not to have spent at all"

This actually has a chance of "robbing peter to pay peter back"

You dont have to be out of work and have 12 kids to be able to get your hands on some of this cash. I love it.

[Danzig]

Originally Posted by Antitrust32

they spend like 500 billion every year that "would have been better not to have spent at all"

This actually has a chance of "robbing peter to pay peter back"

You dont have to be out of work and have 12 kids to be able to get your hands on some of this cash. I love it.

you don't get your hands on the cash, it goes to the car company. my contention is we'd be better off with the govt cutting themselves off of most of their wasteful stuff, instead of taking it from us in the first place and then 'giving it back'. i'm not getting one red penny from it, since i already own two fairly new cars, as well as having bought a cobalt for my daughter for college last year. so, i just see it going out.

[dellinger63]

Originally Posted by Danzig

you don't get your hands on the cash, it goes to the car company. my contention is we'd be better off with the govt cutting themselves off of most of their wasteful stuff, instead of taking it from us in the first place and then 'giving it back'. i'm not getting one red penny from it, since i already own two fairly new cars, as well as having bought a cobalt for my daughter for college last year. so, i just see it going out.

especially considering the fact WE are 2/3 of the economy. How much was 'further leveraged' by the banks?

[dellinger63]

OOPS the socialist agenda in full form with the spelling of 'programme'

Got to it!


http://www.ft.com/cms/s/0/940088ae-8...44feabdc0.html

[GBBob]

Originally Posted by dellinger63

OOPS the socialist agenda in full form with the spelling of 'programme'

Got to it!


http://www.ft.com/cms/s/0/940088ae-8...44feabdc0.html

When is Satan back?

[hi_im_god]

Originally Posted by dellinger63

OOPS the socialist agenda in full form with the spelling of 'programme'

Got to it!


http://www.ft.com/cms/s/0/940088ae-8...44feabdc0.html

you've never been out of this country, have you?

[Riot]

Originally Posted by dellinger63

OOPS the socialist agenda in full form with the spelling of 'programme'

Got to it!


http://www.ft.com/cms/s/0/940088ae-8...44feabdc0.html

What is socialist about England?

[dellinger63]

[quote=Antitrust32]I'm busting out of retirement for this..

Are you kidding me?!?! That 3 bill better spent would just be wasted in some stupid govnt program that nobody would see a penny of. This money is ACTUALLY GOING INTO TAXPAYERS POCKETS! its unreal. I never thought I'd have a chance at 4500 of govnt cash.. QUOTE]

so we took 3 billion out of one pocket and put it into the other we feel good? This isn't government cash there is no such thing. It is our cash! And to think dealers didn't take a part of each $4,500 rebate with higher costs is naive. The spare parts, frame and everything but the engine went to scrap yards and will be parted out and then salvaged. We see none of that money so in realty we get back approximately $3,000 of the $4,500. Now let's spend some money shoreing up the boarders and getting illegals back home and then look at the savings we'll see

[Antitrust32]

[quote=dellinger63]

Originally Posted by Antitrust32

I'm busting out of retirement for this..

Are you kidding me?!?! That 3 bill better spent would just be wasted in some stupid govnt program that nobody would see a penny of. This money is ACTUALLY GOING INTO TAXPAYERS POCKETS! its unreal. I never thought I'd have a chance at 4500 of govnt cash.. QUOTE]

so we took 3 billion out of one pocket and put it into the other and we feel good? This isn't government cash there is no such thing. It is our cash! And to think dealers didn't take a part of each $4,500 rebate with higher costs is naive. The spare parts, frame and everything but the engine went to scrap yards and will be parted out and then salvaged. We see none of that money so in realty we get back approximately $3,000 of the $4,500. Now let's spend some money shoreing up the boarders and getting illegals back home and then look at the savings we'll see

come on man... the 3 bil was coming out of our pocket NO MATTER WHAT. At least we have the OPPORTUNITY to put it in the other pocket.. cant say that about 99.99999999999% of other govnt spending.


there are tons of things where the money is better off not spent. Unfortunatly it doesnt matter what we think cause the money is going to be spent. At least its not being spent on something we will never see. We can actually benefit from this.

This is the best thing Obama has done along with the stem cell research..



lets cut a really crappy program and use that money to shoreing up boarders. There are probably a few trillion programs out there that would be better to complain about than this one. 3 bill is like 5 cents to Obama.

[dellinger63]

Lori I couldn't agree more concerning stem cell research. No one is forcing anyone to under go treatment and no one should tell someone else they can't. We'll just agree to disagree on the success of cash for clunkers.

[geeker2]

Is it fair to say the majority of people that drive clunkers can not or could not afford newer cars?

If so, how is it they now can afford to make payments on a new car? Even with a $4500 down payment...

Sounds like the mortgage crisis all over again to me...or am I missing something?

[dalakhani]

Originally Posted by geeker2

Is it fair to say the majority of people that drive clunkers can not or could not afford newer cars?

If so, how is it they now can afford to make payments on a new car? Even with a $4500 down payment...

Sounds like the mortgage crisis all over again to me...or am I missing something?

I think you might be missing something. Credit standards aren't exactly loose these days.

[dellinger63]

Originally Posted by dalakhani

I think you might be missing something. Credit standards aren't exactly loose these days.

they get looser at 20-25% interest

[geeker2]

Still..I'd be betting that the REPO business will be booming in the not too distant future...