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Govt to suspend Cash for Clunkers program

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

But hey:2wave:, I bet the government can run an entire nationwide socialist health care plan for 7 days.:roll:

Anybody know what kind of cars were bought? I have a sneaky suspicion that most didnt go "green".:mrgreen: 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.:2wave:

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.
 
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.

.
 
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?
 
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.
 
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.
 
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.

I missed nothing concerning this program. It is you, liberals, and Obama who have missed what this program is.

Rebates....aka....tax breaks. Amazing what happens when you give people tax breaks isnt it? Demand for new cars? Your reading to far into this program. What you are seeing, is people able to stimulate the economy, WHEN THEY HAVE MORE MONEY IN THEIR POCKETS!!!!! A concept lost to the left.

Now, lets see the lefties just cut all tax rates and decentives and unleash the enitre power of the American individual and you will see the economy accelerate out of the bog.

:rofl "help make the air you breathe cleaner" :shock:OMG, spoken like a true nutter right there.:rofl

The problem with this program, is that the government is in control of it. All they did is swap out the car manufacturers place at giving breaks. Its still nothing but a simple trade in program. You guys seem to think it is some new way of doing business, which is the real funny part.

Funny thing is Obama doesnt realize he just practiced something called tax breaks.
 
:lol::lol::lol:
Spin, spin, spin. I figured this would get spun so much as soon as I posted it, hence the sarcastic first post.

Btw, the guy with the 10mpg car that you keep driving. Keep supporting them Muslims you care so much for in the Middle East. Doesn't bother me a bit.
 
:lol::lol::lol:
Spin, spin, spin. I figured this would get spun so much as soon as I posted it, hence the sarcastic first post.

Btw, the guy with the 10mpg car that you keep driving. Keep supporting them Muslims you care so much for in the Middle East. Doesn't bother me a bit.

Speaking of :spin:....lol.

You dont think your supporting the ME Muslims with your daily life? Take a look around your room and count the number of things which took oil to make it. That computer your typing on would be a good start.

I will keep my Chevy Suburban as well. No need to trade in a perfectly running vehicle on the premise that I am killing the planet. That is just insane.
 
:lol::lol::lol:
Spin, spin, spin. I figured this would get spun so much as soon as I posted it, hence the sarcastic first post.

Btw, the guy with the 10mpg car that you keep driving. Keep supporting them Muslims you care so much for in the Middle East. Doesn't bother me a bit.

You mean Canadians, we get most of our oil from Canada.

I don't mind supporting Canadians.
 
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.

The industry is being restructured to be more efficient. I would prefer propping them up, and keeping people employed as opposed to paying out more tax money for unemployment since these people do actually want to work. And this isn't false growth, ask the car dealers who have more money for payroll as well as profit. Now, they can order more cars which in turn will put even more people to work. Really, how hard is this?
 
I missed nothing concerning this program. It is you, liberals, and Obama who have missed what this program is.

Rebates....aka....tax breaks. Amazing what happens when you give people tax breaks isnt it? Demand for new cars? Your reading to far into this program. What you are seeing, is people able to stimulate the economy, WHEN THEY HAVE MORE MONEY IN THEIR POCKETS!!!!! A concept lost to the left.

Now, lets see the lefties just cut all tax rates and decentives and unleash the enitre power of the American individual and you will see the economy accelerate out of the bog.

:rofl "help make the air you breathe cleaner" :shock:OMG, spoken like a true nutter right there.:rofl

The problem with this program, is that the government is in control of it. All they did is swap out the car manufacturers place at giving breaks. Its still nothing but a simple trade in program. You guys seem to think it is some new way of doing business, which is the real funny part.

Funny thing is Obama doesnt realize he just practiced something called tax breaks.

Okay. So since it is a liberal program, by virtue, it is wrong; is that what your saying? If so, that's not a very logical way of thinking. You are missing the macroeconomic impact of this program. If you haven't noticed, this country is in economic shambles. (thanks to the unregulated free market most of you conservatives love so much) As a result, we have to have government intervention to stop this economic meltdown. This isn't that hard.
 
I will keep my Chevy Suburban as well. No need to trade in a perfectly running vehicle on the premise that I am killing the planet. That is just insane.

I know, becuase there are so many other planets to choose from that support human life that you can live on.:rofl
 
Okay. So since it is a liberal program, by virtue, it is wrong; is that what your saying?

Nope, that is not what I am saying. I am saying that the government is simply taking the place of the car manufactureres and handing out rebates to people, only instead of using private funds from the car manufacturerer, they are handing out tax dollars instead.

Its a simple trade-in scheme. Only the entity providing the funds is the US Taxpayer.

If so, that's not a very logical way of thinking. You are missing the macroeconomic impact of this program. If you haven't noticed, this country is in economic shambles. (thanks to the unregulated free market most of you conservatives love so much) As a result, we have to have government intervention to stop this economic meltdown. This isn't that hard.

The country is in economic shambles, directly due to the very activity of teh federal government inside the markets. We dont have an unregulated free market. This nation is overly regulated.

Who says we have to have government intervention to stop an economic meltdown?

If you want to see economic booms, have the government drop tax rates and drop some regulation inside the markets, so people wont ship money offshore or hide it in tax shelters. What Obama did with Cash For Clunkers is prove that the economic engine of America works best when people have the tax breaks necessary to be able to go out and buy things. He and the left will never admit this, b/c it doesnt enpower the federal government. A rebate is nothing but a tax break, w/o slashing tax rates.
 
I know, becuase there are so many other planets to choose from that support human life that you can live on.:rofl

The entire premise of "we are killing Planet Earth" doesnt work with me.

Its a waste of energy on your part. Plus, none of the enviro-freaks are capable of living in a cave without electricity, where carbon footprints are ZERO, so its kind of pointless to try and come down on the side of me being against nature. :thumbs:

I spend more time in nature then most lefties on this planet as a hunter and outdoorsman, while the lefty is sitting in some high rise condo in the middle of a big city, who thinks Central Park is the great outdoors and seing some sparrows or purple martins are "wildlife".

Or better yet, is filming himself in the wild among bears like they are giant pets, just before one eats him alive.
 
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I drive a 95 Mercury Cougar. I have had that car for 10 years now. Its paid for.

It makes no sense for me, a person lving within the constraints of a budget, to turn in a car that is currently running fine and gets 16-20mpg, to end up with a brand new car that will likely cost me $250+ a month, plus gasoline even if that car gets 30+ mpg. Not to mention the higher insurance premium I'll have to pay to keep a low deductible on a brand new car because the loan provider will dictate I keep a low deductible, and because I live in NC I would have to pay a high property tax on a brand new vehicle each year for plate renewal, and an emissions test each year for any car '98 and newer. I'm not going to make up the difference by a long shot.

I need to stimulate, and take care of my own bank account first, rather than worry about the miniscule environmental imprint my car might be having on the environment, or some union workers job in Detroit.
 
The industry is being restructured to be more efficient. I would prefer propping them up, and keeping people employed as opposed to paying out more tax money for unemployment since these people do actually want to work. And this isn't false growth, ask the car dealers who have more money for payroll as well as profit. Now, they can order more cars which in turn will put even more people to work. Really, how hard is this?

It's false growth because consumers would not have otherwise participated.
This program isn't going on forever and when it ends, what will the dealerships and automakers do with all those unneeded employees and cars?

It will turn to be a micro downturn in that market segment.

Government has a terrible track record of making things more efficient, don't trust this will work either.
 
I drive a 95 Mercury Cougar. I have had that car for 10 years now. Its paid for.

It makes no sense for me, a person lving within the constraints of a budget, to turn in a car that is currently running fine and gets 16-20mpg, to end up with a brand new car that will likely cost me $250+ a month, plus gasoline even if that car gets 30+ mpg. Not to mention the higher insurance premium I'll have to pay to keep a low deductible on a brand new car because the loan provider will dictate I keep a low deductible, and because I live in NC I would have to pay a high property tax on a brand new vehicle each year for plate renewal, and an emissions test each year for any car '98 and newer. I'm not going to make up the difference by a long shot.

I need to stimulate, and take care of my own bank account first, rather than worry about the miniscule environmental imprint my car might be having on the environment, or some union workers job in Detroit.

Exactly, there is no sense to take perfectly functional cars off the road and replace them with new ones, just because.
 
It's false growth because consumers would not have otherwise participated.
This program isn't going on forever and when it ends, what will the dealerships and automakers do with all those unneeded employees and cars?
This program is going to be a failure, and will cause problems down the road. In the short term, it might do some good. But in the long term, it will end up costing more than it is worth, and when the program ends any new workers hired will no longer be needed and they will be laid off.
 
this "free lunch" program does nothing for the economy.
It moves the playing pieces around on the game board.

A program like this is undoubtedly stimulative to the auto industry--it helps them sell new cars.

However, new cars require less maintenance--a program like this does not help the automotive service industry.

Auto manufacturing supports 876,900 jobs.
Automotive service supports 858,300 jobs.

Automotive Industry: Employment, Earnings, and Hours

Cash for clunkers is robbing Peter to pay Paul.
 
If 225,000 new cars are sold, how is the economy not helped?

It's taking money and moving it through several different levels as well as causing more vehicles to be made which otherwise wouldn't have been.

In all it's a waste of energy, materials, time and money.
It's not efficient.

They're breaking windows to fix them.
 
Speaking of :spin:....lol.

You dont think your supporting the ME Muslims with your daily life? Take a look around your room and count the number of things which took oil to make it. That computer your typing on would be a good start.

I will keep my Chevy Suburban as well. No need to trade in a perfectly running vehicle on the premise that I am killing the planet. That is just insane.

What spin? I don't care if I support Muslims. I'm not threatened by buying items from China or buying oil from the Middle East. It's a global economy and I don't believe that every Muslim is some radical extremist trying to kill me. The way some Conservatives feel about Muslims though...
 
This program is going to be a failure, and will cause problems down the road. In the short term, it might do some good. But in the long term, it will end up costing more than it is worth, and when the program ends any new workers hired will no longer be needed and they will be laid off.

Man, if all you Conservatives can look into your crystal balls and see into the future, why didn't we realize that Bush's policies would head us into a recession? Hmm...
 
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