Comments on: Will a Cash-for-Clunkers Program Work?

U.S. Program Has Many More Restrictions than its Successful Counterpart in Germany

[lawyertom1]

If the function of the program is to get polluting, gas guzzling cars off the road, the concept is good. If the function is to get hi mileage, low pollution cars on the road, the program is deeply flawed. If you want to have a real impact, then any car getting 20 mpg should be included in the program, and the requirement should be the purchase of a car getting a least 35 mpg. Make it count; make it effective. Afterall, it is my tax dollars that are subsidizing this farce.

[despido]

Actually, the 'sub-prime' auto loan business is huge in this country, and growing. Has been around for many years.
by iam4honesty July 12, 2009 7:41 AM PDT
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Government sponsored, with tax payer money?

Not til Obama took over the banking system (GMAC is now a bank with government provided capital) and Barney demanded a reduction in established loan requirments.

[iam4honesty]

Actually, the 'sub-prime' auto loan business is huge in this country, and growing. Has been around for many years.

Haven't been paying attention, huh despido?

[despido]

It's a great idea if done properly, this is not. My '96 and my old work truck don't qualify - and I was looking to replace them. No incentive there.

This is a thinly diguised bribe to lure buyers into government prescibed vehicles. Next come limitations on mileage through factory installed GPS units, then will come the government issued 'use permits' allowing where you might venture.
Strange but true... Barney Frank has pushed to have auto loan requirements reduced (sub-prime auto loans). Haven't paid attention, huh Barney?

I'm only surprised they don't limit it to American made vehicles - like Toyota, Nissan, BMW, Mazda, Suzuki, etc.... not those made in Mexico or Canada, like Ford & GM.

[iam4honesty]

Actually, the 'sub-prime' auto loan business is huge in this country, and growing. Has been around for many years.

Haven't been paying attention, huh despido?

[despido]

Actually, the 'sub-prime' auto loan business is huge in this country, and growing. Has been around for many years.
by iam4honesty July 12, 2009 7:41 AM PDT
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Government sponsored, with tax payer money?

Not til Obama took over the banking system (GMAC is now a bank with government provided capital) and Barney demanded a reduction in established loan requirments.

[CitizenMikeM]

Paranoia

[willow0313]

HoHum...........Guess my caddy doesn't qualify...

[iam4honesty]

You obviously can't read, nor can you reason. It says clearly that the vehicle must be newer than 25 years old, and must be registered to the current owner for at least one year. And, yes, genius, it will benefit the car manufacturers, their employees, the companies who provide the items that those employees buy with their paychecks, and the employees of THOSE companies, and on and on. It's called stimulating the economy.

[xlib]

o_the_potus-or should you say totus??
More tax give aways to the "rich". Wow, you sure are a student of the thug in charge.
Try thinking for just a second and tell us how giving people who can't afford a new "green"car now money that amounts to a down payment on a new government approved "green" car. Just how will they make the payments?? Ever thought that far, libtard?
See, do a bit of history research and see how well it worked for fannie & freddie and sub prime loans for mortgages.
BTW-your thug administration is now pushing for fannie & freddie to make money more available for mortgages. You libs never learn.
'

[xlib]

Well, golly, sure it will work cause that's the word the msm and this thug administration will put out. AND, if for some reason it doesn't work and is so obvious that even the most rabid lemmings see it, they'll blame the Republicans! See how easy that is.
So, we'll put the used car dealers out of business, no problem! Besides, they're probably conservatives anyway.
Then, we'll give the money to those who drive the administrations so called "clunkers" money to put down on one of the government motors cars. Chances are there will be many defaults on the car loans and guess what! We'll have the same thing as the subprime debacle brought to us by fannie and freddie, thanks to the Community Reinvestment Acts of the 70's & 90's.
So, the thugs in power need to tell us how people who can't afford one of the "green" cars now are going to afford one after they have a down payment thanks to the thug in charge? Just how will that work?

[Aldymac]

It never ceases to amase me about the liberals, once they have a response down pat thats all they know.

[bobnjersey]

[So, the thugs in power need to tell us how people who can't afford one of the "green" cars now are going to afford one after they have a down payment thanks to the thug in charge? Just how will that work? ]

it works like this:

- you crawl back in your hole
- with the next proposal you crawl back out of your hole
- you broadbrush everything to outline anyone who doesn't think like you as 'a thug'
- you crawl back in your hole
- repeat

[pepperwood2]

Car buyers who qualify received $3,500 or $4,500 towards a new car.

Typical Bureaucratic Scheme - Like owning your own home. All the future Cap & Trade, Sales Taxes, Closure charges, Etc. Sometimes the best deals or buys are the ones you don't make.

If they like though I can take my old clunker to my local Auto Dealership that we bailed out, they can give me the cash, I'll help to save the planet by keeping my paid off clunker. No sense polluting the environment refining & mining our planets resources to build new clunkers. I'll be happy to use the cash, after taxes on it, to help stimulate the BO economy. So Sad, The American Scheme they call it eh!