Tom Lindmark

The Lunacy of Cash for Clunkers

Very good. You should start a blog. Thanks for the ideas.


On Aug 04 09:47 PM Painesright wrote:

> Come to think of it, why stop with cars??
>
> Instead of giving our slightly used clothes to Goodwill, the Red
> Cross or the Salvation Army, let's cut them up and throw them away
> (cutting them up insures that some enterprising person can't salvage
> them from the trash and attempt to sell them for a profit... can't
> have that!).
>
> Then, the gov't can send out lots and lots of Cash for Clothes checks!
>
>
> That should stimulate all sorts of jobs in the otherwise defunct
> U.S. garment industry (money can only be spent on clothes that are
> made in the U.S. of course, good luck finding those!).
>
> Moving on, let's open every can of food in our pantries and grind-up
> the food in the disposal!
>
> No need to donate to a soup kitchen or food bank!
>
> The gov't can send out Cash for Cans (cans of food that is).
>
> That should really help the farmers (and fisherman if you include
> tuna and sardines!!). Presto, agriculture is back!
>
> And of course, the next step would be houses. Instead of letting
> someone buy a foreclosed house for a low price that they can afford,
> let's bulldoze every vacant house in America!
>
> Then, the gov't can send out Cash for Condos!
>
> Imagine the construction jobs we'll "create"!! (btw, they are already
> doing that with the $8K tax credit)
>
> Wait, there's more! How about tearing up all of the perfectly good
> roads!?! Rebuilding those could keep people employed for the next
> couple of decades!!
>
> Wow, this is easy! Just destroy, destroy, destroy and pay for brand
> new stuff with other people's money (or borrow more $$ from our friends
> in China).
>
> So glad that someone as smart as Obama, Schumer, Pelosi and Reid
> (and Frank, don't forget Frank) finally figured out how to fix our
> economy.
>
> We are in SUCH good hands.
>
> Not.

Cash for Clunkers Meant for Detroit, Not the Environment

Sorry, they anticipated that. You have to have owned the car for a year and have insured it for a year.


On Jun 20 06:29 PM Chancer wrote:

> I have not seen any details, like a requirement that you had to own
> the clunker for a set period of time.
>
> I could buy a clunker for $500 or less, and get up to $4500 in voucher
> value for a new car. Right?
>
> I have a low mileage(43,000) 2000 Camry that Toyota dealer offerred
> me $5,000 cash for with no expiration on the cash offer.
>
> I could sell Camry to dealer for $5,000 cash.
> Buy clunker for 500
> Get a voucher on trade-in for 4,500
> Buy new Scion for 16,000
> Net cash cost 7,000
>
> Or just keep driving Camry for another 10 years, since I drive it
> less than 5,000 miles per year. I also have a backup 1992 Toyota
> 4WD pickup with 100K miles that I drive less than 1,000 miles per
> year.