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Old 08-11-2009, 02:15 PM
 
Location: SF Bay Area
5,994 posts, read 19,921,773 times
Reputation: 4078

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Quote:
Originally Posted by getmeoutofhere View Post
I think the fact that you agree with such an extreme statement is the most telling thing of all.
Exactly! It's scary what some people are able to accept as the truth.
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Old 08-11-2009, 02:17 PM
 
Location: Fly-over country.
1,765 posts, read 7,308,864 times
Reputation: 922
It's just sad that so much of the economy is federalized.

I don't blame any one person. It is everyone's fault.
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Old 08-11-2009, 02:21 PM
 
Location: Apple Valley Calif
7,474 posts, read 22,823,943 times
Reputation: 5682
Quote:
Originally Posted by getmeoutofhere View Post
I think the fact that you agree with such an extreme statement is the most telling thing of all.
That makes about as much sense as anything a democrat would say...
Do you reqad what you write before hitting submit...? Obviously not...
Good demo, have some more Koolaid...
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Old 08-11-2009, 02:28 PM
 
Location: San Fernando Valley, CA
1,720 posts, read 6,712,225 times
Reputation: 812
Let's see.

A person most likely to fall for this garbage is someone who is pretty broke, in debt, and wants to keep up with the Jonseses.

Here we have one person in this example who owns a car outright. Sure it's a little older, but it runs well. They buy into the idea that $3500-4500 for their vehicle is a great deal because they know dealers are notorious for not offering much in way of a trade-in value.

So now they have a $350 car note, increased insurance because they must be fully insured, and it costs them about $500 to drive this car every month, not including gas. Let's add $100 to make it $600.

Mutiply this by thousands.

Suddenly, the surplus of buyers is GONE!

The economy suffers more than it did before CFC.

Persons with new cars see lay offs, cut backs, etc. They can no longer pay for cars, and now banks are left with repos.

Who will bail out the auto industry and finance companies.

The American taxpayers again...YAAAY!!! That was a fun circle. I feel like Clark Griswold in Paris.
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Old 08-11-2009, 02:29 PM
 
Location: Purgatory (A.K.A. Dallas, Texas)
5,007 posts, read 15,364,134 times
Reputation: 2463
Quote:
Originally Posted by Donn2390 View Post
That makes about as much sense as anything a democrat would say...
Do you reqad what you write before hitting submit...? Obviously not...
Good demo, have some more Koolaid...

LOL. Now he thinks I am a Democrat. If you didn't get it, it's fine. Go back to the tin-foil hat conspiracy theories.

Also, you might want to give what you write a once-over now and then.
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Old 08-11-2009, 02:47 PM
 
Location: SF Bay Area
5,994 posts, read 19,921,773 times
Reputation: 4078
Quote:
Originally Posted by Hungry For Cheese View Post
Let's see.

A person most likely to fall for this garbage is someone who is pretty broke, in debt, and wants to keep up with the Jonseses.

Here we have one person in this example who owns a car outright. Sure it's a little older, but it runs well. They buy into the idea that $3500-4500 for their vehicle is a great deal because they know dealers are notorious for not offering much in way of a trade-in value.

So now they have a $350 car note, increased insurance because they must be fully insured, and it costs them about $500 to drive this car every month, not including gas. Let's add $100 to make it $600.

Mutiply this by thousands.

Suddenly, the surplus of buyers is GONE!

The economy suffers more than it did before CFC.

Persons with new cars see lay offs, cut backs, etc. They can no longer pay for cars, and now banks are left with repos.

Who will bail out the auto industry and finance companies.

The American taxpayers again...YAAAY!!! That was a fun circle. I feel like Clark Griswold in Paris.
The person most likely to take advantage of this program has an older vehicle they've been thinking of replacing but needed the extra nudge in motivation to do so. They have the additional disposable income to support a car note or pay off the difference out right and everyone is happy.

I'm sure we can both write out a million different scenarios if given the time.
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Old 08-11-2009, 02:48 PM
 
Location: Floribama
18,933 posts, read 43,293,093 times
Reputation: 18732
Quote:
Originally Posted by Deez Nuttz View Post
They say this is not only supposed to get fuel consumers off the road but also boost new car sales. The only thing I'm wondering is if we're going to be back to square 1 in a few years?
How about November 1st? That's when the program is scheduled to expire. This is just a temporary band-aid to boost sales.
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Old 08-11-2009, 02:59 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,806,527 times
Reputation: 2519
What is the purpose of the program?

How many more vehicles have been sold compared to a regular month?
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Old 08-11-2009, 03:21 PM
 
Location: Central Maine
4,697 posts, read 6,424,702 times
Reputation: 5046
The original and main purpose of the CARS program is to help boost car sales, thereby helping car dealers and the auto industry in general.

According to an article in the Washington Post today, the first $1 billion has been spent, and 273,077 older vehicles have been traded in for new vehicles. Some dealers are doubting that the additional $2 billion is enough to last until Labor Day. I'm not sure I buy that - I would think that the pace of people trading in "clunkers" will almost have to slow ... right?

Then again,
At Koons Toyota in Tysons Corner, there were 200 new vehicles on the lot at the start of August. As of 1:38 p.m. Tuesday, there were only 79 vehicles left.

"We sold over 100 cars in 11 days," said Alex Perdikis, the company's executive vice president. "Inventory is coming in, but it is not coming in at a pace where we can sustain this sales rate. This thing, in terms of stimulus, has been the best thing I've seen."

Also,
Kathy Graham, a spokeswoman for Chrysler, said 10 of the company's plants started up again July 27.

She said that the company's Jeep Compass, Jeep Patriot and Dodge Caliber are in short supply, but that dealers should start to see new deliveries in the coming weeks. Graham said the vehicles are in short supply because the clunker program started off with so much hype. Chrysler dealers had 2,000 people on a waiting list for vehicles before the program even officially started July 24.
Yep - it appears to be working.
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Old 08-11-2009, 03:21 PM
 
Location: Chicago
38,707 posts, read 102,794,286 times
Reputation: 29967
Working for who is the question? It's working for car dealers -- for now, anyway. After which they will see a huge dropoff in sales and they'll be right back where they were. It's working for Honda and Toyota, who were the biggest beneficiaries among the manufacturers. It's so great to see our tax dollars subsidizing the profits of overseas companies. And it's working for the narrow range of people who actually qualified, who have shiny new cars courtesy of their neighbors' taxpayer money.

It's not working so well for those of us who weren't eligible to participate because we did the responsible thing in the first place by not buying gas-guzzling hogs. It doesn't do the working class much good either by taking hundreds of thousands of cars they could have afforded off the market. And in the end it doesn't do anyone any good to not merely destroy functioning vehicles but to pay money to do it. Anyone who thinks you can create a net economic benefit by actually using wealth to destroy wealth could probably be convinced that we should just throw money into a furnace because we can use the ashes to fertilize crops and make farmers richer.
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