Cash for Clunkers...

[av8torntn]

Originally Posted by soberups

We have subsidized cheap fuel for too long in the form of tax breaks for oil companies, cheap credit, and a bloated military. Its time to start paying as we go.

Allowing someone to keep the money they earn is not a subsidy. I agree let's start paying as we go and kill these government welfare programs. We can then lower taxes and stop the punishment of those that are efficient enough to become wealthy. We all benefit from a company large enough to find oil and bring it to the market in the form of gasoline.

[wkmac]

Vandal Economics


Bastiat's "Broken Window" proven again.

[The Other Side]

Originally Posted by 1989

And there is the market at which he demonized to an artificial low. Which I think he did to say "See what I inherited, it's not my fault" Always pointing fingers to make himself look better. It scared many people out at the lows. What a great president. Time to stop finger pointing. Look out below the market will tank again today.

I realize its hard to swallow the truth when "garbage" has been shoved in first. But the reality of the cash for clunkers program was a huge success for everyone who took advantage of the trade in.

I said on this board long ago that giving cash to the big three was a mistake and that same money should be given to the AMERICAN TAXPAYERS in order to stimulate the auto industry.

Finally, that has been done, and it works.

Its unfortunate that the right wing media and the determine efforts of FAUX news to confuse the issues and use exageration to polute the minds of those who follow the program.

In a period of deep recession, the President has made the RIGHT move to help the american taxpayers directly.

George W. Bush left this country in a deep sinking hole and it going to take alot of money to turn it around. The rest of the world is doing similiar things and countries are also turning around. Obama TOLD the country before he took office after many briefings by the BUSHED administration, that the economy would GET ALOT WORSE BEFORE IT GOT BETTER and he was on the money. You have to accept the reality of the mess that GW BUSHED left this country with. We are paying for his mistakes and the mistakes of the republican led congress. The failures of BUSHED and the republican leadership in congress will be felt for years to come.

President Obama made it clear, before he ever took office, Your beloved BUSHED left 1.7 trillion dollars of unpaid debt on his desk. Now he's dealing with it before this country heads into a depression.

Congrats to Obama for his handling and turning around of this country.

Thank you Mr. President.

[over9five]

Why did The Other Side call Scratch a kook????

[wkmac]

Originally Posted by over9five

Why did The Other Side call Scratch a kook????

Considering the source, can you tell me how that is a bad thing?


And from the context I don't think Scratch is alone either!

It's good to have friends.

[brett636]

So it appears dealers are taking it on the chin for this program. Many dealers have yet to be reimbursed for the "clunkers" they have taken in, causing some dealerships to halt participation in the program. I can't blame them, because they are fronting the money to the customer for these rebates with the hope the government pays them. When the government fails, as usual, to live up to their part of the deal that dealer is out of a lot of money with a bunch of junk cars to get rid of.

http://www.tampabay.com/news/busines...yments/1027867

[toonertoo]

Originally Posted by over9five

Why did The Other Side call Scratch a kook????

Because he dared to voice his opinion. I guess she thinks that we are not allowed.

[tieguy]

I wonder if the kennedys will soon be trying to claim a 3500 credit for ted kennedys body.

[Baba gounj]

Coming later this fall............cash for clunkers the home edition.
Everyone can turn in your old iceboxes for a new one .

[klein]

I may have heard wrong... but sounded to me as of Monday Aug 24th, is this program over with ?

[diesel96]

Originally Posted by brett636

So it appears dealers are taking it on the chin for this program. Many dealers have yet to be reimbursed for the "clunkers" they have taken in, causing some dealerships to halt participation in the program. I can't blame them, because they are fronting the money to the customer for these rebates with the hope the government pays them. When the government fails, as usual, to live up to their part of the deal that dealer is out of a lot of money with a bunch of junk cars to get rid of.

http://www.tampabay.com/news/busines...yments/1027867

The same reason why it takes six to eight weeks to recieve a rebate check for my newly purchased Sprint phone and my son's contact lenses. The dealers paperwork must be accurate and certain requirements must be met and checked thuroughly. Again another example of you hoping and praying anything this President attempts, leads to failure.

Originally Posted by The Other Side

I realize its hard to swallow the truth when "garbage" has been shoved in first. But the reality of the cash for clunkers program was a huge success for everyone who took advantage of the trade in.

I said on this board long ago that giving cash to the big three was a mistake and that same money should be given to the AMERICAN TAXPAYERS in order to stimulate the auto industry.

Finally, that has been done, and it works.

Its unfortunate that the right wing media and the determine efforts of FAUX news to confuse the issues and use exageration to polute the minds of those who follow the program.

In a period of deep recession, the President has made the RIGHT move to help the american taxpayers directly.

George W. Bush left this country in a deep sinking hole and it going to take alot of money to turn it around. The rest of the world is doing similiar things and countries are also turning around. Obama TOLD the country before he took office after many briefings by the BUSHED administration, that the economy would GET ALOT WORSE BEFORE IT GOT BETTER and he was on the money. You have to accept the reality of the mess that GW BUSHED left this country with. We are paying for his mistakes and the mistakes of the republican led congress. The failures of BUSHED and the republican leadership in congress will be felt for years to come.

President Obama made it clear, before he ever took office, Your beloved BUSHED left 1.7 trillion dollars of unpaid debt on his desk. Now he's dealing with it before this country heads into a depression.

Congrats to Obama for his handling and turning around of this country.

Thank you Mr. President.

Very well said TOS....and I dare say, not much rebuttle except for something about kooks....

[brett636]

Originally Posted by diesel96

The same reason why it takes six to eight weeks to recieve a rebate check for my newly purchased Sprint phone and my son's contact lenses. The dealers paperwork must be accurate and certain requirements must be met and checked thuroughly. Again another example of you hoping and praying anything this President attempts, leads to failure.

They are supposed to be paid within 10 days. As of Friday the government owes New Mexico car dealers around $3.6 million and has sent 3 checks to that state worth $14,000.

I'm surprised being such a staunch liberal/democrat that you would support this program. Are you ok with used car prices going up causing poor families difficulties in affording a cheap replacement car. I thought you were all for the little guy, and not a fan of corporate welfare?

I guess the only good to come of this program is the large number of cheap, repossessed economy cars that will be at the auto auctions in the next 6 months to a year. People who had these older vehicles owned them for a reason. They could not afford a new car, but since the government waved that rebate money in their faces they just could not resist and now they are stuck with a new car payment along with the higher insurance premiums that go with it.

[1989]

Originally Posted by The Other Side

I realize its hard to swallow the truth when "garbage" has been shoved in first. But the reality of the cash for clunkers program was a huge success for everyone who took advantage of the trade in.

I agree, I liked the idea of CFC.

I said on this board long ago that giving cash to the big three was a mistake and that same money should be given to the AMERICAN TAXPAYERS in order to stimulate the auto industry.

Finally, that has been done, and it works.

I don't think many in the middle class participated. I would hope nobody unemployed or on the brink of foreclosure did.

Its unfortunate that the right wing media and the determine efforts of FAUX news to confuse the issues and use exageration to polute the minds of those who follow the program.

there you go, blindly following your leader just because he is a democrat.

In a period of deep recession, the President has made the RIGHT move to help the american taxpayers directly.

What was the right move? are you still talking about CFC? I am an American taxpayer, what did I get help with? What did you get help with?

George W. Bush left this country in a deep sinking hole and it going to take alot of money to turn it around. The rest of the world is doing similiar things and countries are also turning around. Obama TOLD the country before he took office after many briefings by the BUSHED administration, that the economy would GET ALOT WORSE BEFORE IT GOT BETTER and he was on the money.

But did he really have to beat down confidence back in Jan/Feb/March? He must have did that for political reasons. Pushing a lower bottom to say, see where we were back in March and where we are now.

You have to accept the reality of the mess that GW BUSHED left this country with. We are paying for his mistakes and the mistakes of the republican led congress. The failures of BUSHED and the republican leadership in congress will be felt for years to come.

Democrates have much blame on their sholders.

President Obama made it clear, before he ever took office, Your beloved BUSHED left 1.7 trillion dollars of unpaid debt on his desk. Now he's dealing with it before this country heads into a depression.

Dealing with debt implies that it is being paid down. Not looking for the credit cards and pushing them over the limit.

Congrats to Obama for his handling and turning around of this country.

Where are the jobs?

Thank you Mr. President.

[Baba gounj]

Originally Posted by klein

I may have heard wrong... but sounded to me as of Monday Aug 24th, is this program over with ?

Ya, then part of the program is over.

Coming this fall.....the home edition is for appliances; big box items.

Kind a funny, if everyone bought a tiny car then how would they carry the new stove home ?

[tieguy]

Originally Posted by diesel96

Very well said TOS....and I dare say, not much rebuttle except for something about kooks....

It would seem to be a waste of time to rebut the delusional rantings of the mentally disturbed.

what is worrisome is your supporting those rants. We may have to send you for a fit for duty evaluation

[The Other Side]

Now, before you right wing followers of FAUX news get your panties in a bunch because the Goverment hasnt issed the checks fast enough to the dealers.

Remember this, the dealers are in a "win win" situation. They take in cars that are considered "clunkers", most werent and are re-sellable. (profit) because NO actual cash value was paid by the dealer.

Next, for those that cant be wholesaled or re-sold, they are sold to the scrap yards, again, profit because NO actual cash value was paid by the dealer.

So, lets make it clear. The dealer gives the consumer up to 4500 dollars of "their" own money back as a cash incentive for a trade in, then, it gets that money back from the goverment at some point and breaks even, then it either re-sells the trade for profit or sells the trade to a wholesaler for a reduced profit or it sells the trade to the scrap man for a bigger reduced profit over and above the money it recieved from the US Treasury.

How are they losing money again??

DUH

[toonertoo]

So the dealer has to pay for the new cars he sold, and at some point he will get his money back. I dont know any creditor which likes to hear, "you will get your money when I get it". In many cases the profit made on new car sales will not be realized until they get their rebate from the government. So the salesman gets diddly, until Obama Motors pays up.

[dilligaf]

And tonight cash for clunkers ends. I wonder if they will ever see any money.

[klein]

Originally Posted by dilligaf

And tonight cash for clunkers ends. I wonder if they will ever see any money.

Just get the chinese to send over some more

[1989]

Originally Posted by The Other Side

Now, before you right wing followers of FAUX news get your panties in a bunch because the Goverment hasnt issed the checks fast enough to the dealers.

Remember this, the dealers are in a "win win" situation. They take in cars that are considered "clunkers", most werent and are re-sellable. (profit) because NO actual cash value was paid by the dealer.

Next, for those that cant be wholesaled or re-sold, they are sold to the scrap yards, again, profit because NO actual cash value was paid by the dealer.

So, lets make it clear. The dealer gives the consumer up to 4500 dollars of "their" own money back as a cash incentive for a trade in, then, it gets that money back from the goverment at some point and breaks even, then it either re-sells the trade for profit or sells the trade to a wholesaler for a reduced profit or it sells the trade to the scrap man for a bigger reduced profit over and above the money it recieved from the US Treasury.

How are they losing money again??

DUH

You can't sell or wholesale any traded in clunker.
The rules state:

Once a clunker is cashed in for a new ride, the dealer must immediately disable the engine. The vehicles are then towed to a salvage or recycling facility where they must be crushed or shredded within six months.

[Baba gounj]

Originally Posted by The Other Side

Remember this, the dealers are in a "win win" situation. They take in cars that are considered "clunkers", most werent and are re-sellable. (profit) because NO actual cash value was paid by the dealer.

Next, for those that cant be wholesaled or re-sold, they are sold to the scrap yards, again, profit because NO actual cash value was paid by the dealer.



DUH

in order to be considered a clunker the car's motor is made useless.
So explain to me who would buy a motorless car ?
With it costing $700 to $1200 per car to remove all the fluids and hazard materials in order to begin dismantling some usable parts ( the motor oil is useless now due to the stuff used to kill the engine ) & the engine is now only good as a paperweight , please also explain how a scrap yard is going to make any profit ?

[brett636]

Originally Posted by The Other Side

Now, before you right wing followers of FAUX news get your panties in a bunch because the Goverment hasnt issed the checks fast enough to the dealers.

Remember this, the dealers are in a "win win" situation. They take in cars that are considered "clunkers", most werent and are re-sellable. (profit) because NO actual cash value was paid by the dealer.

Next, for those that cant be wholesaled or re-sold, they are sold to the scrap yards, again, profit because NO actual cash value was paid by the dealer.

So, lets make it clear. The dealer gives the consumer up to 4500 dollars of "their" own money back as a cash incentive for a trade in, then, it gets that money back from the goverment at some point and breaks even, then it either re-sells the trade for profit or sells the trade to a wholesaler for a reduced profit or it sells the trade to the scrap man for a bigger reduced profit over and above the money it recieved from the US Treasury.

How are they losing money again??

DUH

I dunno where you get your information from, but every vehicle taken in and processed under Cash For Clunkers has a date with the crusher within 90 to 180 days. Doesn't matter if the vehicle is in resellable condition or not. It has to be destroyed.

[diesel96]

Originally Posted by brett636

They are supposed to be paid within 10 days. As of Friday the government owes New Mexico car dealers around $3.6 million and has sent 3 checks to that state worth $14,000.



I'm surprised being such a staunch liberal/democrat that you would support this program. Are you ok with used car prices going up causing poor families difficulties in affording a cheap replacement car. I thought you were all for the little guy, and not a fan of corporate welfare?

I guess the only good to come of this program is the large number of cheap, repossessed economy cars that will be at the auto auctions in the next 6 months to a year. People who had these older vehicles owned them for a reason. They could not afford a new car, but since the government waved that rebate money in their faces they just could not resist and now they are stuck with a new car payment along with the higher insurance premiums that go with it.

Every point your trying to make, is a stretch, a reach, or plain and simply a guess. When the Cash for Clunkers dust settles, car dealers will need to get back to the basics and negotiate for your business.
Dealers are looking for used cars for their lots since inventory levels are depleted and yes, I'll give you auction prices have risen. However, mfg rebates will still total in the thousands of dollars. It’s a good time to be shopping for a new car, which will replenish the used car inventories reducing costs.
Dealers will be continuinly updating incentives, rebates and finance programs as on ongoing service to car shoppers. Opportunities are in store for consumers to get the best deals on new and used cars.
Things will get back to normal on September 1st and during the first week of September we will see that new rebates and incentives will be for the upcoming month. I'm surprised, where is your competative capitalistic fervor? What do you have to be afraid of, since you have no faith in humanity, and think all clunker owners are welfare parasites who can't afford a new vehicle, this CFC program should be easy pickens for another Obama failure.....or maybe your worse nightmare, a success.....lol

[brett636]

Originally Posted by diesel96

Every point your trying to make, is a stretch, a reach, or plain and simply a guess. When the Cash for Clunkers dust settles, car dealers will need to get back to the basics and negotiate for your business.
Dealers are looking for used cars for their lots since inventory levels are depleted and yes, I'll give you auction prices have risen. However, mfg rebates will still total in the thousands of dollars. It’s a good time to be shopping for a new car, which will replenish the used car inventories reducing costs.
Dealers will be continuinly updating incentives, rebates and finance programs as on ongoing service to car shoppers. Opportunities are in store for consumers to get the best deals on new and used cars.
Things will get back to normal on September 1st and during the first week of September we will see that new rebates and incentives will be for the upcoming month. I'm surprised, where is your competative capitalistic fervor? What do you have to be afraid of, since you have no faith in humanity, and think all clunker owners are welfare parasites who can't afford a new vehicle, this CFC program should be easy pickens for another Obama failure.....or maybe your worse nightmare, a success.....lol

You still did not answer my question on your support of corporate welfare programs which is exactly what Cash for Clunkers is all about. Although its apparent you can't comprehend the difference between a competitive advantage(which this program is not about), and using taxpayer dollars to remove used vehicles from the market increasing prices for all used vehicles. Calling this a success is a bit early as we have yet to see how many vehicles will get repossessed in the coming months when the owners get tired of making payments on them. Lets not forget that the people encouraged to trade in PAID FOR vehicles now have an extra payment to make each month decreasing the other retail shopping they may have been engaged in not to mention sending otherwise serviceable vehicles to the crusher is a recipe for a failure of this program. The only success that can be claimed is it ran through its allotted money much faster than anticipated. Whether it truly helped the economy has yet to be seen.

[klein]

Originally Posted by diesel96

Every point your trying to make, is a stretch, a reach, or plain and simply a guess. When the Cash for Clunkers dust settles, car dealers will need to get back to the basics and negotiate for your business.
Dealers are looking for used cars for their lots since inventory levels are depleted and yes, I'll give you auction prices have risen. However, mfg rebates will still total in the thousands of dollars. It’s a good time to be shopping for a new car, which will replenish the used car inventories reducing costs.
Dealers will be continuinly updating incentives, rebates and finance programs as on ongoing service to car shoppers. Opportunities are in store for consumers to get the best deals on new and used cars.
Things will get back to normal on September 1st and during the first week of September we will see that new rebates and incentives will be for the upcoming month. I'm surprised, where is your competative capitalistic fervor? What do you have to be afraid of, since you have no faith in humanity, and think all clunker owners are welfare parasites who can't afford a new vehicle, this CFC program should be easy pickens for another Obama failure.....or maybe your worse nightmare, a success.....lol

If you didn't buy a new care with $4500 trade in, and missed the chance,
what makes you think, they'll buy a new one now ?