Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on program

Discussion in 'Blazers OT Forum' started by BTOWN_HUSTLA, Jul 30, 2009.

Moderators: 7

Moderators

  1. BrianFromWA
  2. Chris Craig
  3. Darkwebs
  4. Ed O
  5. PtldPlatypus
  6. SlyPokerDog
  7. Strenuus
Page 1 of 5
  1. BTOWN_HUSTLA

    BTOWN_HUSTLA NOW BUZZ KILLINGTON

    Joined:
    May 6, 2009
    Messages:
    2,624
    Likes Received:
    11
    Trophy Points:
    38
    Location:
    UNDER THE BASKET
    what a bunch of mooks. I hope this is true, what a waste of taxpayer dollars.



    http://www.ktla.com/news/landing/ktla-cash-for-clunkers,0,3464476.story
     
    BTOWN_HUSTLA, Jul 30, 2009
    #1
  2. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

    Joined:
    Sep 15, 2008
    Messages:
    18,725
    Likes Received:
    191
    Trophy Points:
    63
    Occupation:
    dental malpractice claims adjuster
    Location:
    Portland area
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    What is done with the "clunkers" that are traded in?
     
    BLAZER PROPHET, Jul 30, 2009
    #2
  3. Shapecity

    Shapecity S2/JBB Teamster Staff Member Administrator

    Joined:
    Jan 30, 2003
    Messages:
    45,018
    Likes Received:
    57
    Trophy Points:
    48
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    The program lasted all of 12 days? I thought they budgeted for 250,000 cars and are halting it after just 10% have used the program. What a joke!

    I also found out they recalculated the formula for determining MPG on older cars, which eliminated a lot of cars from qualifying for the program. There was a lot of complaints about it on edmunds.com
     
    Shapecity, Jul 30, 2009
    #3
  4. hasoos

    hasoos Well-Known Member

    Joined:
    Oct 15, 2008
    Messages:
    9,418
    Likes Received:
    97
    Trophy Points:
    48
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    You have no idea what your talking about. Cash for Clunkers is modeled after programs in other countries which have been highly successful. Cars that are traded in are stripped of engine and transmission and shredded. That gets them off the road, and at the same time gets the previous owner into a higher gas mileage car. It has been tremendously useful to bring countries up to needed fuel efficiency standards, while helping the consumer at the same time, and on top of it, helping the auto companies get some stock moving which they desperately need.
     
    hasoos, Jul 30, 2009
    #4
  5. hasoos

    hasoos Well-Known Member

    Joined:
    Oct 15, 2008
    Messages:
    9,418
    Likes Received:
    97
    Trophy Points:
    48
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    Why is it a joke? Because it was successful? This program wasn't supposed to last forever. The whole fact that people took advantage of it shows it was successful. The whole goal of the program is to get bad mileage vehicles off the road. That would make it successful.
     
    hasoos, Jul 30, 2009
    #5
  6. Shapecity

    Shapecity S2/JBB Teamster Staff Member Administrator

    Joined:
    Jan 30, 2003
    Messages:
    45,018
    Likes Received:
    57
    Trophy Points:
    48
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    It's a joke because they've ended it already. Don't get me wrong I actually liked the program, but I'm disappointed it's been halted.

    My only critique of the program was not forcing potential buyers to purchase more fuel efficient vehicles to qualify and also not being allowed to purchase used vehicles with the program. They could have capped it at vehicles 2005 or older something like that to qualify.
     
    Shapecity, Jul 30, 2009
    #6
  7. BTOWN_HUSTLA

    BTOWN_HUSTLA NOW BUZZ KILLINGTON

    Joined:
    May 6, 2009
    Messages:
    2,624
    Likes Received:
    11
    Trophy Points:
    38
    Location:
    UNDER THE BASKET
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    At only $4500 a pop! What a deal! Paid for by the American people. Say you do this for 100 "clunkers" that's already $4.5 million for relatively unknown benefit.

    Reminder: Just because something works in another country doesn't mean it is going to work here in the USA.

    Don't you only have to technically get like a few mpg in difference?
     
    BTOWN_HUSTLA, Jul 30, 2009
    #7
  8. BTOWN_HUSTLA

    BTOWN_HUSTLA NOW BUZZ KILLINGTON

    Joined:
    May 6, 2009
    Messages:
    2,624
    Likes Received:
    11
    Trophy Points:
    38
    Location:
    UNDER THE BASKET
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    they should have forced the trade-ins to get 30+mpg if they really wanted it to be effective. but even besides that, its a waste of money. only problem with that would be is that the japanese companies would be the only ones selling the cars from the program.
     
    BTOWN_HUSTLA, Jul 30, 2009
    #8
  9. BTOWN_HUSTLA

    BTOWN_HUSTLA NOW BUZZ KILLINGTON

    Joined:
    May 6, 2009
    Messages:
    2,624
    Likes Received:
    11
    Trophy Points:
    38
    Location:
    UNDER THE BASKET
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    The fact that people take advantage of a program means its successful? Without measuring anything else?



    ok.

    :crazy:


    suppose there was a program that gave a million dollars to one-legged females. If a bunch of one-legged females start taking the million dollars = SUCE$$!!!!!
     
    BTOWN_HUSTLA, Jul 30, 2009
    #9
  10. BrianFromWA

    BrianFromWA Editor in Chief Staff Member Editor in Chief

    Joined:
    Sep 9, 2008
    Messages:
    26,073
    Likes Received:
    9,027
    Trophy Points:
    113
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    so for $100M, we get an upgrade of a few mpg in 1/10 of 1% of American cars? How much stock is 22,000 cars to a manufacturer? A lot? A little? I'm no economist, but I'm not sure that was a great use of cash. :dunno:
     
    BrianFromWA, Jul 30, 2009
    #10
  11. hasoos

    hasoos Well-Known Member

    Joined:
    Oct 15, 2008
    Messages:
    9,418
    Likes Received:
    97
    Trophy Points:
    48
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    I am sorry to tell you, but 4500 times 100 is only 450,000 dollars. By the way, maybe after you take math, you can learn how to read the actual document. 4,500 is the maximum benefit for an individual trade in which meets all the criteria. Most are less. :tsktsk:
     
    hasoos, Jul 30, 2009
    #11
  12. BTOWN_HUSTLA

    BTOWN_HUSTLA NOW BUZZ KILLINGTON

    Joined:
    May 6, 2009
    Messages:
    2,624
    Likes Received:
    11
    Trophy Points:
    38
    Location:
    UNDER THE BASKET
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    yes. the program was halted in my opinion because it was financially infeasible, which is what I was whining since this stupid program was proposed. especially when this country is screwed financially.
     
    BTOWN_HUSTLA, Jul 30, 2009
    #12
  13. e_blazer

    e_blazer Rip City Fan

    Joined:
    Sep 16, 2008
    Messages:
    24,094
    Likes Received:
    30,124
    Trophy Points:
    113
    Occupation:
    Consultant
    Location:
    Oregon City, OR
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    Make that $450,000. Those darn tricky decimal points can get you.
     
    e_blazer, Jul 30, 2009
    #13
  14. BTOWN_HUSTLA

    BTOWN_HUSTLA NOW BUZZ KILLINGTON

    Joined:
    May 6, 2009
    Messages:
    2,624
    Likes Received:
    11
    Trophy Points:
    38
    Location:
    UNDER THE BASKET
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    sorry, i am not an accountant. hate that shit.

    even if its half of that, its still a shit because the taxpayer should not pay people for their clunkers. so. fucking. retarded.
     
    BTOWN_HUSTLA, Jul 30, 2009
    #14
  15. BTOWN_HUSTLA

    BTOWN_HUSTLA NOW BUZZ KILLINGTON

    Joined:
    May 6, 2009
    Messages:
    2,624
    Likes Received:
    11
    Trophy Points:
    38
    Location:
    UNDER THE BASKET
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    yes, i am a moran.
     
    BTOWN_HUSTLA, Jul 30, 2009
    #15
  16. BTOWN_HUSTLA

    BTOWN_HUSTLA NOW BUZZ KILLINGTON

    Joined:
    May 6, 2009
    Messages:
    2,624
    Likes Received:
    11
    Trophy Points:
    38
    Location:
    UNDER THE BASKET
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    I'd love to see the breakdown of cars purchased using these vouchers.
     
    BTOWN_HUSTLA, Jul 30, 2009
    #16
  17. Shapecity

    Shapecity S2/JBB Teamster Staff Member Administrator

    Joined:
    Jan 30, 2003
    Messages:
    45,018
    Likes Received:
    57
    Trophy Points:
    48
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    When you factor in the depreciation of the vehicle the minute you drive it off the lot, in most cases the $4500 is going to be a wash. I forget where I read it, but the average depreciation is $14K on cars. The argument was it's better to buy a used vehicle in most cases and save the $14K versus saving $4500K swapping out your clunker.
     
    Shapecity, Jul 30, 2009
    #17
  18. BTOWN_HUSTLA

    BTOWN_HUSTLA NOW BUZZ KILLINGTON

    Joined:
    May 6, 2009
    Messages:
    2,624
    Likes Received:
    11
    Trophy Points:
    38
    Location:
    UNDER THE BASKET
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    and every car manufacturer started making new commercials and designing programs around this lame programme. stimulate the ad business!

    :NOTMARIS:
     
    BTOWN_HUSTLA, Jul 30, 2009
    #18
  19. PapaG

    PapaG Banned User BANNED

    Joined:
    Sep 23, 2008
    Messages:
    32,870
    Likes Received:
    291
    Trophy Points:
    0
    Location:
    Tualatin, OR
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    Word is dealers aren't being reimbursed. Where is the money going? Payrolls have to be made immediately.
     
    PapaG, Jul 30, 2009
    #19
  20. PapaG

    PapaG Banned User BANNED

    Joined:
    Sep 23, 2008
    Messages:
    32,870
    Likes Received:
    291
    Trophy Points:
    0
    Location:
    Tualatin, OR
    Re: Cash for Clunkers- Clunked. Congress to Halt, $96 million already spent on progra

    LOL

    BMW and Mercedes dealerships are getting money from this. A $4500 credit for your kid's car to buy a new luxury car!
     
    PapaG, Jul 30, 2009
    #20
Page 1 of 5

Share This Page