Comments on: Stand Up Notes From Flyover Country: CARS Program Previews Obamacare

By: wonder_all

wonder_all — Thu, 06 Aug 2009 13:48:44 +0000

Doesn't junking all those cars add to the amount of garbage in landfills that the ecos keep complaining about? Also, those junked cars–couldn't they have gone to the poor who might have needed a car to "find" a job?

At the end of the day, we are going to find out that BIG Business was again the unintended benefactor of this poorly devised scheme. I have no doubt that big fleets were cashing in their old cars, getting $4,500 a piece and either pocketing the cash or putting that toward new vehicles.

Nothing this administration does seems to work. Please, is it 2012 yet? *sigh*

By: Driefromseattle

Driefromseattle — Thu, 06 Aug 2009 07:08:33 +0000

And the ironic thing about this CARS program (seeing that it was supposed to benefit GM and Chrysler) is that the top five cars being bought under this program are FORDS, HONDAS, and TOYOTAS!!! Brilliant plan there! Not only is it not bailing out the auto makers that we now own, it's adding to the national debt in spades: the money for the program itself, and the negative money the car dealerships have in contract limbo (cuz ya know no one paid cash for these cars) some of which they might never see because–hey you know. In Obama's world everything's free and his attempt at "saving jobs" has netted him a 9.5% unemployment rate so who knows how long some of these people will be able to make the payments. Nice going! With this kind of logic, let's nuke the whales so we can save them!

By: AuthorJack

AuthorJack — Thu, 06 Aug 2009 06:29:41 +0000

…"destroying our way back to prosperity." Bullseye, hilarious insight. I'd laugh harder, if this wasn't so freakin' sad.

By: CrazyOldWizard

CrazyOldWizard — Thu, 06 Aug 2009 04:03:55 +0000

Eh, no big deal. I don't really follow sports, just enough to know what I told your earlier. Here's a freebie though: Idaho is where the potatos are from; we've got the corn and soybeans here in Iowa. People get that mixed up all the time for some reason.

By: We have to face the fact that the President is not an honest guy « Jim Blazsik

Thu, 06 Aug 2009 03:58:51 +0000

[...] Stand Up Notes From Flyover Country: CARS Program Previews Obamacare by Jeffrey Jena [...]

By: Jamesb

Jamesb — Thu, 06 Aug 2009 01:13:18 +0000

If possible the dealer will start at STICKER and subtract the $4500. If there's a rebate they'll subtract that. So let's say the rebate is $2000 just for conversation…that $19000 minus $4500= $14,500..minus the rebate, $2000= $12,500…that's a good equity position for just about any bank if you have even decent credit, they should buy the deal on equity position alone. Now the dealer invoice with "dealer holdback" might make "cost" on that $19,000 car let's say $16,800. They make the "cost" price, including the holdback plus the rebate plus the "clunker money". In reality you just bought the car for sticker. So, let's say cost is about $16,000, plus $2000, plus $4500. That's $22,500…not bad huh? and then they're not even buying Government Motors cars!

By: THE UNDERLING

THE UNDERLING — Thu, 06 Aug 2009 00:31:04 +0000

When I glanced at the title briefly and saw the brightly painted cars my mind conjured up something called Pixar's "Cars for Clunkers" the sequel to the original cartoon where Larry the Cable guy is junked for a cash pay off and the more politically correct Janeane Garafolo. I hope it never gets made.

By: Vainamoinen

Vainamoinen — Thu, 06 Aug 2009 00:28:17 +0000

I got really excited over the "Cash for Clunkers" program….until I realized that it is *not* a method of replacing the current Congress.

I was disappointed to find out that it is just another automotive bailout. And a part of me wonders, in these economic times, why are we encouraging taxpayers to incur more indebtedness? And why are my tax dollars buying new cars for people?

Socialism in general is *such* a bad idea. The stupidity on the left is even worse. Unfortunately, inefficiency scales really well.

By: AaronMcCarthy.com » CARS Program Previews Obamacare?

AaronMcCarthy.com » CARS Program Previews Obamacare? — Thu, 06 Aug 2009 00:24:04 +0000

[...] what’s best for the economy or health care check out the so called Cash for Clunkers debacle. Read more Categories: Politics Tags: CARS, Health Care Comments (0) Trackbacks (0) Leave a comment [...]

By: VengeanceIsMine

VengeanceIsMine — Thu, 06 Aug 2009 00:01:35 +0000

Can we add some pyramid building schemes also? I think I read somewhere that Keynesians believe pyramid construction could help get us out of recession.