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Old 07-31-2009, 10:54 AM
 
2,170 posts, read 2,736,103 times
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Cash for clunkers is a perfect example of government ineptitude. A program I could administer using a spreadsheet so badly managed the government is now scrambling to borrow more to fund it. The rocket scientists in Congress totally underestimated demand. And they over regulated what qualifies and then keep changing the criteria. And they want us to give them control of health care via the public_option-->single payer. Be afraid. Be very afraid.
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Old 07-31-2009, 11:15 AM
 
Location: Great State of Texas
86,052 posts, read 80,798,640 times
Reputation: 27699
Quote:
Originally Posted by ZGACK View Post
Cash for clunkers is a perfect example of government ineptitude. A program I could administer using a spreadsheet so badly managed the government is now scrambling to borrow more to fund it. The rocket scientists in Congress totally underestimated demand. And they over regulated what qualifies and then keep changing the criteria. And they want us to give them control of health care via the public_option-->single payer. Be afraid. Be very afraid.
I hope this opens the eyes of EVERY American to what a government run health insurance program will look like.
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Old 07-31-2009, 11:37 AM
 
Location: Upstate
8,288 posts, read 8,450,012 times
Reputation: 7356
Quote:
Originally Posted by floridasandy View Post
i would have been surprised if the government ended cash for clunkers because when have they been against a spending bill? it looks like there is some scrambling going on to reinstate the clunker program:The House raced Friday to pass legislation to inject an additional $2 billion into the "cash for clunkers" program, whose immediate popularity this week threatened to sink the program.

The $2 billion boost would be created by shuffling around funds from the Recovery and Reinvestment Act, an emergency stimulus for the original $1 billion budget for rebates on new cars that lawmakers worried had been exhausted in only a week.

Reps. Sander Levin, D-Mich., and Betty Sutton, D-Ohio, said the House planned to consider the additional funding after lawmakers from the two states were assured by Transportation Secretary Ray LaHood that the program would continue while the Obama administration looked for more money.

Democrats in the House were exploring the possibility of votes as early as Friday to replenish the funding, which the White House said would continue despite concerns. (fox)
Yeah, they are going to RUSH this through so they can head out on their recess in a few hours. Can't miss that flight ya know.
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Old 07-31-2009, 11:49 AM
 
12,867 posts, read 14,287,411 times
Reputation: 4453
the democrats are trying to pump more taxpayer money into a program that isn't even working! we have already pumped huge amounts into GM and chrysler and both of their sales are down dramatically. chrysler sales were abysmal as expected.
GM sales down 30% in may
GM sales down 33.6% in june
GM sales "disappointing / lower than expected", not released for july yet.

the only sales that are up are hyundai sales. yeah, this program is working about as good as can be expected under a clueless administration. you cannot artificially create / force demand.

even the presumed "green" benefit was never there: for a new one doesn’t guarantee a lower carbon footprint even if the new car gets better fuel economy. The reason: manufacturing and delivering the new car consumes energy, and producing that energy involves greenhouse gas emissions. The amount of carbon dioxide (CO2) emitted to produce a new car has been estimated to range from about 3.5 to 12.5 tons, or an average of about 6.7 tons.

So buying a new car means an extra 6.7 tons of CO2 emissions — you wouldn’t have emitted all that pollution had you just kept your old car. (nicholas.duke.edu)
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Old 07-31-2009, 12:11 PM
 
4,455 posts, read 3,999,454 times
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House Approves $2 Billion For Cash For Clunkers Program

WASHINGTON — The House has voted to rush an additional $2 billion into the popular but financially strapped "cash for clunkers" car purchase program.
The bill was approved on a vote of 316-109. House members acted within hours of learning from Transportation Secretary Ray LaHood that the program was running out of money.
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Old 07-31-2009, 12:13 PM
 
Location: Great State of Texas
86,052 posts, read 80,798,640 times
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So they finally bring out a program for Joe Mainstreet and what happens...shuts down after 6 days.

TARP is still going strong; a revolving door for banks. Obviously the government knows how to play the game when it suits them.
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Old 07-31-2009, 12:17 PM
 
Location: Great State of Texas
86,052 posts, read 80,798,640 times
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Originally Posted by floridasandy View Post
how unbelievable is that? it will probably sail through the senate as well. they aren't happy unless they are spending taxpayer dollars on useless programs. how long are taxpayers going to be forced to pretend to prop up GM? the money isn't even going to GM! their sales are DOWN!
if it passes i will get a list of the votes.
Think beyond this..all these people are driving off the lots with new cars AND LOANS they have to pay back.
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Old 07-31-2009, 12:28 PM
 
12,867 posts, read 14,287,411 times
Reputation: 4453
Quote:
Originally Posted by Dukester View Post
House Approves $2 Billion For Cash For Clunkers Program

WASHINGTON — The House has voted to rush an additional $2 billion into the popular but financially strapped "cash for clunkers" car purchase program.
The bill was approved on a vote of 316-109. House members acted within hours of learning from Transportation Secretary Ray LaHood that the program was running out of money.
how unbelievable is that? it will probably sail through the senate as well! they aren't happy unless they are spending taxpayer dollars on useless programs. how long are taxpayers going to be forced to pretend to prop up GM? the money isn't even going to GM! their sales are DOWN!
if it passes i will get a list of the votes.
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Old 07-31-2009, 12:32 PM
 
12,867 posts, read 14,287,411 times
Reputation: 4453
see what i mean about clueless? the united states doesn't have a money tree that democrats can just pick for funds. she doesn't think that taking money away from the stimulus, WHICH IS SUPPOSED TO BE CREATING JOBS, isn't spending money uselessly?

http://blogs.usatoday.com/onpolitics...-give-clunkers
« Sen. Dodd has early stage prostate cancer | Main

McCaskill won't vote to give 'clunkers' NEW money

Buzz up!
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Even though the House quickly approved an additional $2 billion for the cash-for-clunkers program today, the Senate may be an entirely different matter. One prominent Democrat -- Sen. Claire McCaskill of Missouri -- posted on her Twitter account minutes ago that she will vote against more money for the clunker program.

She writes: "We simply cannot afford any more taxpayr $ to extend cash for clunkers. Idea was to prime the pump, not subsidize auto purchases forever."

It should be interesting to see if the Senate can get the votes it needs to pass the bill, or whether there will be some compromise that would reduce the cost.

Updated at 2:19 p.m. ET. McCaskill has softened her position. She now says she is opposed only to NEW money. She tweets: "I will consider using EXISTING stimulus $ that has already been appropriated to finish up cash for clunker program. No new $."
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Old 07-31-2009, 12:59 PM
 
Location: Great State of Texas
86,052 posts, read 80,798,640 times
Reputation: 27699
Quote:
Originally Posted by floridasandy View Post

Updated at 2:19 p.m. ET. McCaskill has softened her position. She now says she is opposed only to NEW money. She tweets: "I will consider using EXISTING stimulus $ that has already been appropriated to finish up cash for clunker program. No new $."
I'll betcha she got a phone call sometime between her twitter and her update !

How easily our representatives in Washington crater to the powers behind the scene.
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