| Author | Message | ||
     Wolfridgerider |
HA HA!! aint that a kick in the pants.... | ||
| Gentleman_jon |
These guys can't figure out how to sell a car with a trade in. And you want them to manage your health care? I think not. | ||
| Patches |
"These guys can't figure out how to sell a car with a trade in." Sure they can. It's just dividing up Administrative Cost, when that's done there is nothing left for the "Cash For Clunkers" loans. Trickle Down Economics | ||
| Teddagreek |
They surpassed the 250,000 in vehicle sales in no time... You snooze you loose... (Message edited by teddagreek on July 31, 2009) | ||
| Rfischer |
No, they didn't....only 50,000 cars so far. Dealers have backed off because they are becoming nervous about getting paid by the Feds. | ||
| Mortarmanmike120 |
Trickle Down Economics Most assuredly not trickle down economics. It's a government subsidy | ||
| Court |
Kind of funny . . . . the same folks who have totally mismanaged, screwed up and confessed they "totally missed the mark" in their forecast. . . . have suspended the CASH FOR CLUNKERS program. This was a simple $1,000,000,000 program. And these are the SAME folks that Nancy Pelosi says will "realize extensive savings by the way we operate the system more efficiently" and want to completely take over a $20,000,000,000,000 health care system. Anyone believe them? The feds . . quoting President Barack Obama, are "out of money". Even the Chinese, holding most the United States debt, laughed aloud (quite rare in Asian business culture) at Secretary Geithner when he told them "you have nothing to worry about". When you are in dire financial trouble, regardless of what Joe Biden says . . . . it's tough to "spend your way to prosperity". Garbage in . . . . garbage out. We deserve better leaders. | ||
| Buellinachinashop |
Love the headline in today's paper..."Cash for Clunkers Out of Money" That took, what?, a week? Stick to calling cops dumb and drinking beer Mr Obama. Even that was all fluff. | ||
| Wolfridgerider |
I wanna know how many people will default on their "Cash For Clunkers" loan and when will the "Bailout" for those people start... | ||
| Indybuell |
Wolf, great point. Wait until they find out that all of the "administrative" costs ended up going to some firm in Chicago. Keep your eye on Rahm... | ||
| Court |
This is the same bunch of "highly efficient" planners who gave General Motors $23,000,000,000 to tide them over to November and found out 5 weeks later they needed another $17,000,000,000. If you struggle to understand simple economics . . . . or need to understand what Obama is doing . . . try this . . . take your son or daughters credit card (it's important that you have the bill sent to your children or their children if possible) and go purchase two Bentleys for about $450,000 each. So how fast it solves your financial problems. | ||
| Patches |
"We deserve better leaders." Five Grate Lies of a Salesman. 1. The Money is in the Bank. 2. The Check is in the Mail. 3. I will Respect you in the Morning. 4. And I Promise I will not XXX in your Mouth. 5. Oh I am your Friend. Now you half to add one more. 6. Change-----Yes We Can. | ||
| Indybuell |
I know that a few of the major dealers here in Indy didn't use the program, due to fear of getting actually paid. I don't trust these guys. With everything that has been screwed up and money wasted in the last 6 months, how much more screwed are we going to get in the next 3.5 years? Lets hope that folks get some sense, and put the brakes on this thing with the elections in 2010. | ||
| Indybuell |
One of the funny things that happened this morning, was that right after the WSJ This Morning show talked about the epic FAIL of the Cash for Clunkers program came on, an ad by the DNC ran that was attacking Mike Pence for opposing the Hindenburg known as the Stimulus bill and the Health Care plan. It was hilarious. The sad part is the number of people with absolutely no clue that believe this garbage. Oh well... off to the backfire board we go.  | ||
| Froggy |
This made me sick. A V8 Alero as a clunker? WTF. They needed a clause that restricted it to rusted out imports. | ||
| Spike |
Even more fun- apparently no one is even getting paid yet: http://www.startribune.com/business/51943937.html? page=1&c=y
I cannot wait till these folks take over healthcare. The efficiency of the Post Office combined with the innovation of Amtrak. If we're lucky, maybe they'll include all the customer service of the DMV. | ||
| Patches |
"Lambert said the government has created a program that's "so big and cumbersome that it can't find a way to accept anything. We're sending in good, reliable deals." It's just dividing up Administrative Cost, when that's done there is nothing left for the "Cash For Clunkers" loans. | ||
| Rainman |
Wait until they take over the American motorcycle industry and provide the American rider the small, fuel-efficient motorcycles American's should want to ride: the Blast. Then there'll be a cash-for-busas program to get those dangerous bikes off the road. | ||
| Patches |
"Americans should want to ride: the Blast." Only if it is Fuel Injected and will run on KoRn. | ||
| Hmartin |
Seriously, friends, the worst part of all of this is that the people voted, and this is what we're all left to contend with. Perhaps things would be different if people knew to punish their incumbents at primary elections and not general elections, although that could start a-whole-nother conversation about the ethics of crossover voting worthy of the Backfire Board. | ||
| Rainman |
Only if it is Fuel Injected and will run on KoRn..... It'll be redesigned by government Motorcycle Industry Czars to have airbags, a roll cage and four wheels for improved safety. | ||
| Bikertrash05 |
What good does destroying perfectly good cars do? Will it help car companies? What will it do to the used car market? All of those good cars getting destroyed would have ended up on used car lots (small businesses). Yes, there are true "clunkers" being traded in, but there are also a lot of nice cars. | ||
| Oldog |
Why does any thing that this administration does supprise any thinking person? The only thing that I fear for Our country is that things will be so badly messed up in 3.5 years that it may not be fixable. Till then look for opportunity, the mismanagers in government are not smart enough to. | ||
| Wolfridgerider |
Yes, there are true "clunkers" being traded in, but there are also a lot of nice cars. The front page of the Columbus Dispatch had a picture of older Jeep with brand new tires and wheels on it.... I would love to have that just to drive the back roads.... I hope they at least part them our or something.... (Message edited by wolfridgerider on July 31, 2009) | ||
| Court |
Don't get me started . . . the same government agencies that will provide "grants" to an unemployed person who has earned 7 figure salaries is the same group that make it possible for me to get rid of my "clunker" 2006 F-150 (that after being "clayed" and waxed with Meguires looks brand new), buy a Porsche and let the feds pick up $4,500 of it . . . frickin' stroke of genius from these folks. Interesting article yesterday about how the spare parts industry is on it's ass and how cool it would be if the "clunkers" were sent to salvage yards to be used for "parts" rather than being completely destroyed. | ||
| Patches |
"What good does destroying perfectly good cars do?" It forces people to buy New. Increases Durable Goods orders. Pumps Up the Stock Market and makes it look like we are not in a Recession. | ||
| P_squared |
Or you could sell a real clunker to buy an econo-box, immediately sell the econo-box to "reclaim" as much of the $3,500-$4,500 "incentive" to help fund buying the vehicle you actually WANT (e.g. vette, muscle car, etc.) Talk about unintended consequences. using-cash-for-clunkers-money-to-buy-a-muscle-car/ | ||
| Court |
>>>>It forces people to buy New. Hahahahaha . . . . Check out some of the recent sales figures. GM . . just like real humans who have become dependent on the government for "entitlements" is on their ass waiting for the feds to "help" with the cash for clunkers program. While the 2nd quarter was better than the 1st, GM sales are off 22% from last year. That's 22% down from a level that ushered them into bankruptcy. You do the math. Anyone who thinks the government is going to:
is an unmitigated IDIOT.
What amazes me it that otherwise reasonably smart folks buy into this crap . . . . . I wouldn't buy a GM car if I got $10,000. There's something about buying a long term "durable" good from a company in bankruptcy. | ||
| Lake_bueller |
Interesting article yesterday about how the spare parts industry is on it's ass and how cool it would be if the "clunkers" were sent to salvage yards to be used for "parts" rather than being completely destroyed. But then we wouldn't have any scrap steel to send to China  A friend of mine made a good point about this program. They equated it to the subprime mortgage fiasco. How many of these people will be defaulting on the loan after they loss their job? | ||
| Bill0351 |
"the same government agencies that will provide "grants" to an unemployed person who has earned 7 figure salaries is the same group that make it possible for me to get rid of my "clunker" 2006 F-150 (that after being "clayed" and waxed with Meguires looks brand new), buy a Porsche and let the feds pick up $4,500 of it . . . frickin' stroke of genius from these folks." The program doesn't work like that. The Porsche doesn't qualify, and to my understanding, you would only get a total of $4,500 for your '06 Ford even if it did. So, if you want to take a total of $4,500 for your truck in order to trade into a vehicle from the list, you could, but you would be taking a huge hit on your trade. Last week, my girlfriend's Dad traded in his POS daily driver '82 Chevy truck on a new Dodge Avenger for his wife. They just got in under the wire. The program may not make a lot of sense to me, but according to the AP, it got roughly 240,000 sales contracts signed, which was its stated goal all along. They are just searching for funding to keep it going. |
