Originally Posted by gnu

From your previous post it seemed that you were for the clunker program and now you to point out obvious faults of an unthinking, rush to pass a bill, Congress. Did Congress do the right job or not?

Yes, I'm for the cash-for-clunker program and hope that the Senate agrees with the House and adds $2 billion to the funding.

But, no, I think it could have been better. I don't believe for a minute that a prohibition on C4C funds going overseas was an oversight by Congress. I am convinced that some special interest lobbyists got into their pockets, maybe even provided them with a re-written bill, which would permit C4C funds to flow back to Japan, China or Germany.

But, even with it's warts, the C4C program is beneficial for the U.S. auto industry.

But, even with it's warts, the C4C program is beneficial for the U.S. auto industry.

How do you know that? Is this a temporary solution, or is it a solution at all. Who pays all the taxpayer money back? I haven't seen any real solutions from this administration that doesn't involve the USA getting deeper into debt.

Originally Posted by Keedy

How do you know that? Is this a temporary solution, or is it a solution at all. Who pays all the taxpayer money back? I haven't seen any real solutions from this administration that doesn't involve the USA getting deeper into debt.

That's the real bottom line, getting deeper in debt. Anything the government does to stimulate the economy drives us further into debt. As far as being temporary, of course it is!! The money already ran out once and is expected that the "new money" might last only a couple of weeks, then what? How is that not temporary???

The only thing this program has done is reduce production inventory, not newly built cars that will keep the autoworkers employed. When the money runs out anyone who could afford to buy a car will have and the sales come to a screeching halt again.

And lastly, who is paying for all this spending? Everyone who didn't buy a car will be paying for the government largess, plus interest to the Chinese.

Five bucks says within a year we'll hear stories about people getting their tax payer subsidized cars repossessed.

Originally Posted by dklassen

Five bucks says within a year we'll hear stories about people getting their tax payer subsidized cars repossessed.

I read somewhere that reverse mortgages will be the new crisis. It just keeps getting better and better, huh?

Originally Posted by dklassen

Five bucks says within a year we'll hear stories about people getting their tax payer subsidized cars repossessed.

Most people who drive clunkers can't afford a new car, and tax money should not be used to encourage them to buy one.
People who drive clunkers that can afford a new car do not need my tax money to buy one.
HOW CAN THIS PROGRAM POSSIBLY BE A GOOD IDEA???

This is the same dumb logic that promoted people to buy homes they could not afford.

Votes.

Originally Posted by dklassen

Votes.

Buying votes with the Cash for Clunkers program is not a GOOD idea. It is an EVIL idea.. You made a very good point; politicians don't know the difference between GOOD and EVIL when it comes to getting votes.

By and large government in general is evil. Very few politicians actually serve the people. Mostly they serve themselves at the expense of the people.

That's why it's scary that so many put so much faith in them.