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

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  1. Mediocre Man

    Mediocre Man Mr. SportsTwo

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

    The program made no sense from the beginning.


    Why give cash to people who keep their cars? The people who trade in their cars are the ones that this program would have worked for.
     
    Mediocre Man, Jul 30, 2009
    #21
  2. BTOWN_HUSTLA

    BTOWN_HUSTLA NOW BUZZ KILLINGTON

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

    Uhhh...this is America. We reward people who make bad financial decisions.
     
    BTOWN_HUSTLA, Jul 30, 2009
    #22
  3. crowTrobot

    crowTrobot die comcast

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

    the program is not over. it is suspended until they can determine how much of the 1 billion is left, if any. they don't know because there is a huge backlog of clunker deals waiting for approval, the amount of which is difficult to determine.

    the trouble is the program has been exponentially more successful than anyone anticipated. i'd be willing to bet congress will add additional funding within a few days.
     
    crowTrobot, Jul 30, 2009
    #23
  4. crowTrobot

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



    not sure if you are being serious, but the benefit IS for people trading in vehicles. specifically vehicles that are rated at avg 18 MPG or less if traded for something that is rated anywhere from 3-10 MPG higher than the trade depending on the class of vehicle. for example to get the full $4500 on a new car, the new car has to get at least 10 MPG more than what you are trading.

    so whatever you think of the government there definitely will be at least some benefit in reduced gas consumption and stimulation of the auto market in general.
     
    crowTrobot, Jul 30, 2009
    #24
  5. crowTrobot

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



    nobody is saying dealers aren't getting reimbursed. in fact the program is being suspended now specifically to make sure dealers who have already completed deals will be.
     
    crowTrobot, Jul 30, 2009
    #25
  6. crowTrobot

    crowTrobot die comcast

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



    it's probably a wash in many cases, but not always. on saturday i traded a near-worthless old minivan for $4500 off on an already heavily discounted civic. in 2 years it will still be worth what i paid for it. if gas goes up again probably more than i paid.
     
    crowTrobot, Jul 30, 2009
    #26
  7. PapaG

    PapaG Banned User BANNED

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

    So, Congress is going to give away even more tax dollars to people trading in their kid's cars? Why not just pay for the cars completely? That would drive sales through the roof!

    Add more money?
     
    PapaG, Jul 30, 2009
    #27
  8. PapaG

    PapaG Banned User BANNED

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

    You should thank every American tax payer for you buying a Japanese-made car at our expense. Not that I'm against you doing it, but still, lots of UAW workers are out of work.
     
    Last edited: Jul 30, 2009
    PapaG, Jul 30, 2009
    #28
  9. PapaG

    PapaG Banned User BANNED

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

    The gov't can't run a $1 billion program without problems, yet they want to overhaul 20% of the economy, plus our medical care, in a hurry.
     
    PapaG, Jul 30, 2009
    #29
  10. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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

    Isn't it grand that the democrats who control the house, senate, and white house have found reason to put a halt on spending an amount that's .00028 of the size of Obama's proposed budget for this year?

    Heck, this is a trivial amount of spending that actually helps people with direct cash instead of giving it to Goldman Sachs.

    If you want to consider it actual stimulus spending (which it is), it comes to .00128 of that $778B pork barrel bill with "emergency stimulus" on the label.
     
    Last edited: Jul 30, 2009
    Denny Crane, Jul 30, 2009
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  11. PapaG

    PapaG Banned User BANNED

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

    The redistribution of wealth wasn't supposed to be that easy. I still am waiting for the stories of the people who default on their new loans with this program.
     
    PapaG, Jul 30, 2009
    #31
  12. crowTrobot

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



    jeez would you people read the damn article. congress is not putting a halt on spending the amount. the DOT is temporarily suspending the program until they can determine if the amount is already spent or not.
     
    crowTrobot, Jul 30, 2009
    #32
  13. PapaG

    PapaG Banned User BANNED

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

    Denny's point resonates even more deeply for me knowing this information. :cheers:
     
    PapaG, Jul 30, 2009
    #33
  14. blazerboy30

    blazerboy30 Well-Known Member

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

    On what metric are you basing this statement?
     
    blazerboy30, Jul 30, 2009
    #34
  15. bodyman5001

    bodyman5001 Genius

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

    Hey, the more I see these programs in action the more I realize that they help me.

    New cars require insurance. People buy new cars to drive. Then they wreck them...work for me. :ghoti:

    On the other hand, other people are out of a job and their taxes are going to go way up. That sucks.

    However, my girlfriend works for a lower priced business that people still need. They still need the service her company provides, but more people might go to her stores as they are cheaper.

    Win win for me.

    For the American population as a whole...not so much. :sigh:

    We positioned ourselves perfectly for the Obama administration by pure luck. Yippee. :pimp:
     
    bodyman5001, Jul 30, 2009
    #35
  16. crowTrobot

    crowTrobot die comcast

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


    public response
     
    crowTrobot, Jul 30, 2009
    #36
  17. blazerboy30

    blazerboy30 Well-Known Member

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

    So popularity is a good metric for success?

    A program giving anybody that breaths $1million would be very popular, and taken advantage of, but hardly a "success".
     
    blazerboy30, Jul 30, 2009
    #37
  18. BTOWN_HUSTLA

    BTOWN_HUSTLA NOW BUZZ KILLINGTON

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

    people like getting money on behalf of someone else? get outta town!
     
    BTOWN_HUSTLA, Jul 30, 2009
    #38
  19. crowTrobot

    crowTrobot die comcast

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



    i'm pointing out why the DOT thinks the money may be gone already and had to suspend the program, not arguing merits of the program

    you can replace "successful" with "popular" if it makes you feel better
     
    Last edited: Jul 30, 2009
    crowTrobot, Jul 30, 2009
    #39
  20. crowTrobot

    crowTrobot die comcast

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

    it's not like they are just giving money away to whoever wants it. obviously to take advantage you have to commit to a large purchase and the rules for qualification are fairly restrictive. i think it's understandable that the response was underestimated.
     
    crowTrobot, Jul 30, 2009
    #40
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