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08-13-2009, 10:07 AM
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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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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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| The Following User Says Thank You to anatess For This Useful Post: | ||
Maxel (08-15-2009) | ||
| The Following User Laughed Out Loud when they read anatess's Post: | ||
boyando (08-15-2009) | ||
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08-15-2009, 12:09 PM
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Quote:
To be sure, Bush wasn't much better.
__________________
2 Nephi 2:25: Adam fell that men might be; and men are, that they might have joy. 2 Nephi 25:23, 26: For we labor diligently... to believe in Christ, and to be reconciled to God; for we know that it is by grace that we are saved, after all we can do... And we talk of Christ, we rejoice in Christ, we preach of Christ, we prophesy of Christ, and we write according to our prophecies, that our children may know to what source they may look for a remission of their sins.
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08-15-2009, 05:00 PM
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Quote:
__________________
"No matter were you go - there you are". Buckaroo Bonzi Now blogging at boyandoswildride.blogspot.com/ "It is not enough to know that God lives, that Jesus Christ is our Savior, and that the gospel is true. We must take the high road by acting upon that knowledge." Elder Dallon H. Oaks "The Lord works from the inside out. The world works from the outside in. The world would take people out of the slums. Christ takes the slums out of people, and then they take themselves out of the slums. The world would mold men by changing their environment. Christ changes men, who then change their environment. The world would shape human behavior, but Christ can change human nature." --Ezra Taft Benson, "Born of God", Ensign, July 1989, 2
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08-27-2009, 11:42 AM
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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.
__________________
2 Nephi 2:25: Adam fell that men might be; and men are, that they might have joy. 2 Nephi 25:23, 26: For we labor diligently... to believe in Christ, and to be reconciled to God; for we know that it is by grace that we are saved, after all we can do... And we talk of Christ, we rejoice in Christ, we preach of Christ, we prophesy of Christ, and we write according to our prophecies, that our children may know to what source they may look for a remission of their sins. Last edited by Maxel; 08-28-2009 at 01:05 PM. Reason: Fixing typo. Cursed affect/effect...
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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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08-27-2009, 06:44 PM
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Quote:
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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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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Pressure: It can turn a lump of coal into a flawless diamond, or an average person into a perfect basketcase. -from despair.com Except for ending slavery, fascism, nazism, & communism, WAR HAS NEVER SOLVED ANYTHING! From protestwarrior.com
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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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