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  #61 (permalink)  
Old 08-13-2009, 10:07 AM
Believer_1829
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Default Cash 4 Clunkers: Good for the Environment?

This is why I love the American people...

SPIN METER: $3 billion buys not-so-green vehicles - Yahoo! News
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  #62 (permalink)  
Old 08-14-2009, 11:28 AM
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The more information I read about the Cash for Clunkers, the more it builds my belief that we just poured $4B of our children's money down the toilet.
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Old 08-15-2009, 12:09 PM
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Originally Posted by anatess View Post
The more information I read about the Cash for Clunkers, the more it builds my belief that we just poured $4B of our children's money down the toilet.
It's Obama's way! All hail the Debtor in Chief!

To be sure, Bush wasn't much better.
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Old 08-15-2009, 05:00 PM
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The more information I read about the Cash for Clunkers, the more it builds my belief that we just poured $4B of our children's money down the toilet.
I laughed out loud to avoid crying.
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Old 08-27-2009, 11:42 AM
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The numbers are in.

The winner is . . .

foreign automakers.
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Old 08-27-2009, 12:50 PM
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Ouch...

I hadn't even thought of the effect C4C would have on the car parts industry.

Epic Fail.
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Last edited by Maxel; 08-28-2009 at 01:05 PM. Reason: Fixing typo. Cursed affect/effect...
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Old 08-27-2009, 06:22 PM
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It got people to spend money they otherwise would have held on to. And do you know how many 'foreign' cars are made in America? lol
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Old 08-27-2009, 06:44 PM
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It got people to spend money they otherwise would have held on to. And do you know how many 'foreign' cars are made in America? lol
Fair point about "foreign" cars being manufactured in America. And since lots of those foreign-owned US plants aren't unionized, it's still a fail for the UAW.

As for "spend[ing] money they otherwise would have held on to": let's not kid ourselves. They borrowed money they otherwise wouldn't have borrowed. That money will have to be paid back. All the President has done is prolong the inevitable with another macroeconomic accounting gimmick.
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  #69 (permalink)  
Old 08-27-2009, 09:47 PM
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Add to that equation the question of how many of those buyers would have bought new cars anyway within the next 6 months. Automakers overall don't expect this giveaway to be much more than a blip on the radar when all is said and done. The expectation is that sales for the year may not be affected and that showrooms may be very quiet for the next while since many buyers merely moved their planned purchases forward by a few months. Plus, the dealers are on the hook for hundreds of thousands each waiting for the government to approve their claims and pay them back. The dealers need that money and many are borrowing (and paying interest on it) to keep their doors open until they get paid. Compound that with the fact that the dealers now need to buy cars to replace the ones sold off their lot, but may not get financing because they are on the hook for the Clunkers they have not been paid for. This is dangerous financial territory for a dealer to be in.
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Old 08-28-2009, 10:25 AM
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Sad part of the amount purchases on either Honda or Toyota would of placed them in a monthly lost of 50-percent or greater if there was no clunker program. But at least, this program has merits, it should of been, any vehicle made in the USA and not foreign lands. This does include our own three domestic models.
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