When you have an administration run by pinheads who haven’t spent much time outside government, you get things like Cash for Clunkers. According to E Magazine, the “Clunkers” program, which is officially known as the Car Allowance Rebates System (CARS), produced tons of unnecessary waste while doing little to curb greenhouse gas emissions. The program’s first mistake seems to have been its focus on car shredding, instead of car recycling. With 690,000 vehicles traded in, that’s a pretty big mistake.
I believe that the destruction of the "clunkers" was to eliminate used cars. My husband and I both drive very inexpensive used vehicles and carry liability insurance. No car payment, low insurance, it has saved us a great deal of money. Most new cars cost more than we owe on our house. If there were no used cars to replace our old cars, we´d be in trouble. I think they want automobile ownership to become so expensive that most people can´t afford it. Mobility is part of freedom.
It will go down in history as one of the most boneheaded programs ever. Any fool knows that you don´t come out ahead by destroying a valuable asset. Any fool, that is except those in United States Congress. And it screwed young people by the thousands. One of my daughters who was about to go off to college had been working and saving for a car. CforC blew the used car market to smithereens and what had been enough money was no longer enough. In the end, Mom and I pitched in and daughter got her car. In the end it was nothing except to illustrate how terminally stupid a bunch of lawyers in Congress can be when they try to think their way through a technical issue. Pitiful.
Where was Mitt Romney with this? Why didn´t I run his campaign?
Only a total elitist like Obama could destroy hundreds of thousands of perfectly good cars that poor people and students would have purchased. The cost of used cars skyrocketed, and used car delears went out of business. And the surge in new car sales was a temporary blip.
The foundational notion of true conservatism is this: Government damages everything it touches. Some minimal amount of government is needed but government is a strong medicine with toxic side effects and must be used as a last resort and as seldom as possible.
Agree with all posters on this one . Another important side effect is the loss of all the replacement parts that could have been salvaged. Can´t tell you how many cars our family has had that have enjoyed a longer life as a result of the various boneyards in our area and now, online. I believe I read somewhere that most of the shredded steel was sold to China for rebar to aid in their construction boom at the time. Would be interesting to see just who orchestrated that. I´ll never forget the stories I heard from the mechanics at local dealerships as they described their horror at being forced to euthanize perfectly good used cars. The first step of the government mandate required that they pour a concoction into a running engine until it seized up. Think of all the ´working families´ that could have used these cars or their parts to prolong the life of their cars in order to save money.
Wasn´t cash for clunkers a Van Jones program? Van who spent time in jail where he learned the value of covert radicalism by putting on a suit and joining "the man". Hired by ValJar due to his value for the newly minted administration.
What a twisted coil this administration has woven.
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