Cash for Clunkers Program catch

[m gardner]

Here's a news clip about the cash for clunkers program. I wonder if they will start hijacking your computer when you visit other government websites? Scary stuff.:nono:

Mark

http://www.youtube.com/watch?v=NgCCotNv8R0

[redkneck]

Man, that's some scary stuff! I think the whole program is a crock anyway, but would rather see my taxes spent on this program than given to the banks.

[oldksnarc]

What's the difference? My tax money going to banks/corporations or going to other taxpayers so they can buy a new car and/or support the green effort. Who's going to trade-in a clunker? Not the rich. Someone who can't afford a new car anyway?

I also heard (haven't confirmed it yet) that if you participiate in the clunker program the dealer is required to destroy your trade-in within a few hours - they drain the oil and put in a substance that, when the engine is run for 5 minutes, it seizes up. Plus, you have to sign a certificate of understanding that if the government fails to (doesn't have the money) fulfill the cash for clunkers program you have to return your new vehicle to the dealer. But, you don't get your old one back because it has been rendered inoperable.

Anyone else heard of this?

[stevebeilgard]

scary stuff is right. i only hope america can survive obama.

[Orion_70]

And now they're asking for another 2 BILLION dollars for this program. I'm really getting sick of my tax money going to Fat Banker's bonuses and CEO's paychecks that don't have the sense God gave a turnip. Obama came out and basically said, buy a car anyway, we'll find the money. .Where might I ask? I thought he wasn't raising taxes? Well folks, get ready for a sea of red ink with this organization. Tax money is given away to these huge corporations for free to pad the pockets of the elite. This government is getting out of control, I for one am sick of it.

[Texan_Til_I_Die]

How's that hopey changey thing working out??? :poke:

[RangerClay]

And now they're asking for another 2 BILLION dollars for this program. .

Yep! From what i hear the program is broke already. :death:

[Gator]

Have heard talk about the gov't raising taxes on the middle class. What the heck is that all about???

[Texan_Til_I_Die]

Have heard talk about the gov't raising taxes on the middle class. What the heck is that all about???

Well, Obama inherited a $1 trillion debt, which was bad enough, but in less than a year he and the Congress has managed to turn that into $2 trillion in debt. Now the Chinese and other holder/buyers of government bonds, which is what finances the debt, are starting to demand that the U.S. do something to cover the $2 trillion so of course, the first thing the liberals think of is to raise taxes. First, expect an income tax increase on "the wealthy," probably on individuals making $150K or more, plus a Social Security and Medicare increase on everyone, plus some sort of value added tax, which will cause an increase in consumer prices. When that turns out to be insufficient, there will be another round of taxes, probably gas or energy taxes, and eventually we'll see income taxes go up across the board.

Then we'll see a major political shift back to more conservative supply side, free market economics and things will be good for a number of years until the conservatives forget their principles and get tossed out of office again. And then we'll see another round of socialist programs, increasing taxes.....oh well, you get it.

[oldksnarc]

Bush I said, "Read my lips - no new taxes." Congress put him in a position of having to to balance their budget.

obama said he would not raise taxes on anyone making less than $250k a year. If he doesn't fulfill his promise and raises taxes that'll be his Waterloo and he won't be re-elected.

At the rate he's going with all the programs I doubt he'll be re-elected anyway. Which is good. But, if he realizes he won't he may raise taxes anyway out of spite.

[wtnhunt]

Originally Posted by Orion_70

And now they're asking for another 2 BILLION dollars for this program. .

Yep! From what i hear the program is broke already. :death:

Yep, hearing the same thing. Do we really believe that they believe that throwing away another 2 billion is going to somehow fix problems with the auto industry. Where does it end.

Well, Obama inherited a $1 trillion debt, which was bad enough, but in less than a year he and the Congress has managed to turn that into $2 trillion in debt. Now the Chinese and other holder/buyers of government bonds, which is what finances the debt, are starting to demand that the U.S. do something to cover the $2 trillion so of course, the first thing the liberals think of is to raise taxes. First, expect an income tax increase on "the wealthy," probably on individuals making $150K or more, plus a Social Security and Medicare increase on everyone, plus some sort of value added tax, which will cause an increase in consumer prices. When that turns out to be insufficient, there will be another round of taxes, probably gas or energy taxes, and eventually we'll see income taxes go up across the board.

Then we'll see a major political shift back to more conservative supply side, free market economics and things will be good for a number of years until the conservatives forget their principles and get tossed out of office again. And then we'll see another round of socialist programs, increasing taxes.....oh well, you get it.

Think you are dead on with this Mike. Can only hope the changes being brought to our country by these liberals do not create irreparable damages.

[Spring Tom]

Taking old vehicles and handing out new ones---- the new ones are lower than the normal price----huh?

How do you do that? Use other people's money to make up the difference.

So we are becoming greener thru taxing others.

Sounds like Obama's favorite SOLAR PROJECT- see Michelle Malkin's site to read up on this green hoax.

[m gardner]

And when these vehicles are destroyed you won't be able to buy a reasonably priced used vehicle. Guess poor folks (which we all may be sooner that not) will have to bicycle or ride the bus.

Mark

[hutchies]

Rediculous........................I'm so sick of the president and see no good outcome of the whole thing.

[JimT]

New cfc cars are going for msrp here. They give you 3500 for your rig, then take off 3500 from msrp from for example Chrylser {a non American company}. Dealers are making out like a bandit. All part of the auto bailout. Sad part is the Hyundai dealers here cannot keep enough cars on the lot. Not knocking Hyundai because I believe they make a good car. The cfc should be for American car companies that needed to be bailed out, not all of them. I believe the cfc should only be used for Ford and GM vehicles. Ford because they made it pretty much on their own, and GM because I am part owner, and not by choice.

[Missilelock]

In my house, if there are financial problems, we dont purposly destroy something that is working fine, & then go buy a brand new one we cant make the payments on even if its on sale!!!!!!!!!!

[RangerClay]

Just read that the dealers are not getting their money from the government! Har! Har! Har!:clown:

http://autos.yahoo.com/articles/autos_content_landing_pages/1050/how-to-avoid-the-cash-for-clunkers-snarl/