• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Govt to suspend Cash for Clunkers program

Smoke[MaxX]

Active member
Joined
Aug 8, 2007
Messages
446
Reaction score
91
Gender
Undisclosed
Political Leaning
Undisclosed
News | Opelika-Auburn News

<snip>

Even before the suspension, some in Congress were seeking more money for the auto sales stimulus. Rep. Candice Miller, R-Mich., wrote in a letter to House leaders on Wednesday requesting additional funding for the program.

"This is simply the most stimulative $1 billion the federal government has spent during the entire economic downturn," Miller said Thursday. "The federal government must come up with more money, immediately, to keep this program going."

Brendan Daly, a spokesman for House Speaker Nancy Pelosi, D-Calif., said they would work with "the congressional sponsors and the administration to quickly review the results of the initiative."

General Motors Co. spokesman Greg Martin said Thursday the automaker hopes "there's a will and way to keep the CARS program going a little bit longer."

In a severe blow to radical left wing liberals who promote socialist agendas, the government has decided that it should suspend a program that was brought forth via Democratic "stimulus plans." It's obvious that the American public has spoken. They will not give in to radical views that support the redistribution of wealth or support the "global warming" conspiracy. No good can come out of liberal stimulus packages. In fact, the decision to suspend this program is proof that a stimulus would not work. If the American public was receptive to such an idea, why suspend such an obviously unpopular program?
 
News | Opelika-Auburn News



In a severe blow to radical left wing liberals who promote socialist agendas, the government has decided that it should suspend a program that was brought forth via Democratic "stimulus plans." It's obvious that the American public has spoken. They will not give in to radical views that support the redistribution of wealth or support the "global warming" conspiracy. No good can come out of liberal stimulus packages. In fact, the decision to suspend this program is proof that a stimulus would not work. If the American public was receptive to such an idea, why suspend such an obviously unpopular program?


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. :doh
 
Wow, they've gone through the whole $1 billion already, possibly?

That's wild.
 
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. :doh

LOL no joke. We are obviously in opposite world. All it took to get here was clicking on the link to this thread :spin:
 
It's obvious that the American public has spoken. They will not give in to radical views that support the redistribution of wealth or support the "global warming" conspiracy.

Why do you think that? They've been supporting Social Security and Medicare all these years.
 
Eh, I figured the sarcasm was obvious. I tried to overdo it as much as I could.
 
It will be interesting to see how high new car sales jump, if this $1 Billion has actuallly been used up already on this cash for clunkers deal. For some reason, I remain skeptical that Americans have traded in $1 Billion worth of clunker cars in one week and thus purchased several billions more in new car sales in that same week.

I'll wait for that report.
 
It does seem hard to fathom!
 
It will be interesting to see how high new car sales jump, if this $1 Billion has actuallly been used up already on this cash for clunkers deal. For some reason, I remain skeptical that Americans have traded in $1 Billion worth of clunker cars in one week and thus purchased several billions more in new car sales in that same week.

I'll wait for that report.

There ain't been a billion bucks worth of junkers traded in, in just a week. Smells fishy, to me.
 
I don't know what the actual numbers will show. However, I do know that a couple of my friends who are in the Auto Sales business, have told me that it has been an absolute madhouse with people coming to the carlots to participate in the program.
 
I find it hard to believe that 222,000+/- car deals went through in just a week. Probably 50% of them will be repo'ed in the next six months.
 
I find it hard to believe that 222,000+/- car deals went through in just a week. Probably 50% of them will be repo'ed in the next six months.

Yes....very little time to do credit checks, cars flying out the door, very reminiscent of how the Democrats ran the sub-prime mortgage scam.

Officials worried $1 billion rebate program may quickly run out of money
Through late Wednesday, 22,782 vehicles had been purchased through the program and nearly $96 million had been spent. But dealers raised concerns about large backlogs in the processing of the deals in the government system, prompting the suspension.

A survey of 2,000 dealers by the National Automobile Dealers Association found about 25,000 deals had not yet been approved by NHTSA, or nearly 13 trades per store. It raised concerns that with about 23,000 dealers taking part in the program, auto dealers may already have surpassed the 250,000 vehicle sales funded by the $1 billion program.


Now, if the repo man picks up 220,000 cars a year from now, will it get news time? Nope. Only thing you'll hear about is how wonderfully successful CARS was.

My goal is to keep my 10 mpg beastie on the road for as long as possible, because it's way cheaper to keep that thing on the road than it is to make payments and pay taxes and insurance on a new $20,000 vehicle, and it pisses off liberals to see that behemoth snorting down the road.

I hope no one is buying GM with that money.

Oh, and I'm guessing that fears of the coming hyper-inflation are spurring quicker sales, too.
 
Last edited:
Yes....very little time to do credit checks, cars flying out the door, very reminiscent of how the Democrats ran the sub-prime mortgage scam.

No kiddin', huh?




Now, if the repo man picks up 220,000 cars a year from now, will it get news time? Nope. Only thing you'll hear about is how wonderfully successful CARS was.

My goal is to keep my 10 mpg beastie on the road for as long as possible, because it's way cheaper to keep that thing on the road than it is to make payments and pay taxes and insurance on a new $20,000 vehicle, and it pisses off liberals to see that behemoth snorting down the road.

I hope no one is buying GM with that money.

Oh, and I'm guessing that fears of the coming hyper-inflation are spurring quicker sales, too.


I'm going to keep my '77 F-250 on the road, until they stop making parts for it.
 
No kiddin', huh?







I'm going to keep my '77 F-250 on the road, until they stop making parts for it.

WELLLLLLLL NOW.....the CARS program commands that cars traded in for rebate be "destroyed" so they won't show up on the streets no more. There's going to be lots of fresh spare parts in the junkyards if they're going to be "destroying" hundreds of thousands of used cars. That should keep us going for a long time.
 
Yes....very little time to do credit checks, cars flying out the door, very reminiscent of how the Democrats ran the sub-prime mortgage scam.

When have you ever bought a car and not had a credit check on the very same day?

Serious Dude....do you expect anyone to believe that you walk onto a car lot to buy a car and they tell you "Come back in two weeks after we've had a chance to do a credit check"....they're typically done the same day....:doh
 
When have you ever bought a car and not had a credit check on the very same day?

Serious Dude....do you expect anyone to believe that you walk onto a car lot to buy a car and they tell you "Come back in two weeks after we've had a chance to do a credit check"....they're typically done the same day....:doh

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.
 
There ain't been a billion bucks worth of junkers traded in, in just a week. Smells fishy, to me.

Not to difficult with 20k dealerships nationwide. Thats only about 11/12 trades per dealership. The requirements were not difficult to meet so I imagine most trade ins would qualify.
 
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.
 
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.

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.
 
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:
 
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.

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:






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


Perhaps we should let them have it, let em bankrupt themselves.....
 
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. :doh

Nice try, but it turns out the program basically went bankrupt in six days.

I can't wait for them to manage my healthcare!!!
 
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.
 
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.
 
Back
Top Bottom