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Thread: Govt to suspend Cash for Clunkers program

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    Re: Govt to suspend Cash for Clunkers program

    LOL, yeah that program really worked didnt it? Went bankrupt in 6 days.

    But hey, I bet the government can run an entire nationwide socialist health care plan for 7 days.

    Anybody know what kind of cars were bought? I have a sneaky suspicion that most didnt go "green". Which would make the program instituted by Lord Obama to be another offshoot failure.

    At least we now know, that if socialist healthcare ever comes in full force, every ER in this nation will have every OCD idiot with a runny nose or a headache running to it in record turnouts. But I am sure the government can keep that liquid too.

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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by TheHat View Post
    LOL, yeah that program really worked didnt it? Went bankrupt in 6 days.

    But hey, I bet the government can run an entire nationwide socialist health care plan for 7 days.

    Anybody know what kind of cars were bought? I have a sneaky suspicion that most didnt go "green". Which would make the program instituted by Lord Obama to be another offshoot failure.

    At least we now know, that if socialist healthcare ever comes in full force, every ER in this nation will have every OCD idiot with a runny nose or a headache running to it in record turnouts. But I am sure the government can keep that liquid too.





    I was about to add... Imagine how fast they can burn through healthcare monies....


    Perhaps we should let them have it, let em bankrupt themselves.....
    Let evil swiftly befall those who have wrongly condemned us

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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by disneydude View Post
    Wow....that's quite a spin. Just the opposite was true.

    The program proved so popular that what they thought would take several months to use up the funds, actually used up the funds in about a week.
    Good news for the auto industry which is hoping that there can be funding to continue the program.

    How you can argue that such a popular program was "unpopular" and a flop defies logic.
    Nice try, but it turns out the program basically went bankrupt in six days.

    I can't wait for them to manage my healthcare!!!

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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by Scarecrow Akhbar View Post
    Yeah.

    They did credit checks on the sub-prime mortgage borrowers, too.

    They even did a credit check on my 20 yo step-daughter and let her drive off the lot in a $25,000 used Honda....of course, she was going to college, didn't have a job, didn't even have anything resembling a work history, didn't have co-signer, she just signed some papers, traded in her POS Camaro (worth about three grand, tops), and off she goes. I've had repo men knocking on my door, at midnight, looking for that car, at least twice, and if I'd ever bothered to find out where she was living, I'd have told them.

    So, yeah, go ahead and insist the car dealers pay attention to credit reports.

    You do that.
    Why didn't you tell your step daughter not to try and buy something she can't afford? She will probably have credit problems in a few months. You should have tried to stop her from doing this. She's to young to have this mistake following her for the next ten years of her life. Don't blame the car dealer when this happens.

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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by Harry Guerrilla View Post
    This is a poor use of government funds as these trade in cars are probably just fine for regular use. The government shouldn't be encouraging people to dump cars just to pay off auto manufacturers.
    The whole point is to get money flowing in our markets, lest you forget, we are in a recession. dealership owners who maybe a month ago was thinking about laying off people may have some breathing room now. Banks were making loans, meaning credit was flowing again, and with a rebate that large, they didn't make those loans at a huge risk. I think it was a good way to stimulate the economy. Remeber, in the upper midwest, many states still rely on the auto industry. If they have financial problems, those problems will affect us all. I personally would rather help everyday auto workers before helping anything that has to do with Wall street; they got this country in the financial mess we are in.

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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by TheHat View Post
    LOL, yeah that program really worked didnt it? Went bankrupt in 6 days.

    But hey, I bet the government can run an entire nationwide socialist health care plan for 7 days.

    Anybody know what kind of cars were bought? I have a sneaky suspicion that most didnt go "green". Which would make the program instituted by Lord Obama to be another offshoot failure.

    At least we now know, that if socialist healthcare ever comes in full force, every ER in this nation will have every OCD idiot with a runny nose or a headache running to it in record turnouts. But I am sure the government can keep that liquid too.
    Bankrupt?? The plan was a huge success. This money got a lot of credit flowing and money into Macro-economy. What about this program did you miss? The government set aside a finite amount of money for this program to get people to trade in older cars and gas guzzlers. with rebates so huge people jumped at the opportunity. with over 20k dealerships nationwide, it's easy to see how 1B dollars worth of incentives got used up pretty fast. If anything, the goverment underestimated the demand for new cars. Without this program, people wouldn't have been able to get the cars, get the credit flowing, keep people employed, help make the air you breathe cleaner.

    I would really suggest doing some research before commenting on things that not quite clear. It makes it look like your just spewing rhetoric from right wing sources.

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    Re: Govt to suspend Cash for Clunkers program

    I haven't read what everyone else has posted, but here's my two cents.

    I have to give Obama credit for this one, because it actually stimulated something. I wish there were more stimulus success stories to talk about, but so far, there isn't.

    .

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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by Erod View Post
    Nice try, but it turns out the program basically went bankrupt in six days.

    I can't wait for them to manage my healthcare!!!
    Uh, the idea was to give out the money, and it was a success because of how quickly the money was depleted. The program didn't go "bankrupt", that's what happens to failed businesses.
    I'm curious, do you really not understand this, or are you just trying to put a ditto-head spin on it?

  9. #29
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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by WillRockwell View Post
    It's not only a great stimulus incentive, but a benefit to the climate because these gas guzzlers will no longer be contributing to global warming. These were probably old SUV's for the most part, and 225,000 are now off the road. Sounds like a bargain to me.
    It's not, it's causing more people to borrow more money when the whole country has borrowed too much money and is in too much debt.

    It is a false micro market boom.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by carolinaguy View Post
    The whole point is to get money flowing in our markets, lest you forget, we are in a recession. dealership owners who maybe a month ago was thinking about laying off people may have some breathing room now. Banks were making loans, meaning credit was flowing again, and with a rebate that large, they didn't make those loans at a huge risk. I think it was a good way to stimulate the economy. Remeber, in the upper midwest, many states still rely on the auto industry. If they have financial problems, those problems will affect us all. I personally would rather help everyday auto workers before helping anything that has to do with Wall street; they got this country in the financial mess we are in.
    Propping up an inefficient industry because someone may need to look for a new job does not make economic sense.

    I think it is horrible for the government to create false growth in the economy and encourage more lending when it otherwise shouldn't happen. False growth creates another recession.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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