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Some clunkers didn't trade for higher mpg
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2) The government says this is costing the US taxpayers three billion dollars (divide that by our population, and it's about $1,000 each by my math...man, woman, and child). I hope my neighbor appreciates the money my family and I have so generously "donated" to him for his new truck.
Really though, I think the intent of this program was to bolster the auto industry in sales and put more americans in debt to also help the banks and financial industry with some cash flow. At the time this program was initiated the auto industry was falling flat on its face and about to go bankrupt. It was a very clever plan to help both industry's and not so much as fuel mileage driven to save gas and oil dependence. The federal government set the standards and mileage ratings of older vehicles and baseline new vehicles so the disparity was very broad in scope.
Our government and the rest of the world all base its economy on the american consumers and how much debt they carry. They don't want to see a cash scoiety, they want a debt riddled consumer again, even if they can't pay for it. That is the intent of all the programs being fostered and supported by government. Sound familiar?
Holy freaking cow!!!
We were headed into a depression. Now the economy is headed in a positive direction. Unemployment always lags a year or two behind the stock market, but even that is coming. We need more "little orphan Annie" and less whiners.
As for the guy whose Ford ranger went through three transmissions every 20K miles, wow, what a driver!
3 billion / 300 million = $10 per person.
Success? Yeah I think so.
If certain dealerships did not follow those guidelines, that is hardly the fault of the government - it is the fault of the dealerships.
These dealerships should be held accountable by having to return any money they received for vehicles they should not have accepted.
Sure, borrowing creates new money in the system, but was it worth it.
Speaking of our money system, isn't it ironic that we talk about sustainability all the time but our banking system is not? Hmmmm.
It was still a bad idea, a bad deal, and poorly executed.
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In this Aug. 23, 2009 file photo, an old pickup truck is displayed outside a car dealership in Norwood, Mass. The most common deals under the government's $3 billion Cash for Clunkers program, aimed at putting more fuel-efficient cars on the road, replaced old Ford or Chevrolet pickups with new ones that got only marginally better gas mileage, according to an analysis of new federal data by The Associated Press.
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