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Guess the dealers who are opting out of the "cash for clunkers" program aren't missing that much: U.S. DOT Secretary Roy LaHood announced the program will end on Monday at 8 p.m. LaHood said, "This program has been a lifeline to the automobile industry, jump starting a major sector of the economy and putting people back to work. At the same time, we’ve been able to take old, polluting cars off the road and help consumers purchase fuel efficient vehicles," and added, "We don't want to run out of money. And I want to be able to substantiate what I'm saying here. If you do a deal with us, you submit the paperwork, you will be paid." The program was originally budgeted with $1 billion of government money, but was so successful that the government put another $2 billion into the program.
Cash For Clunkers Will End On Monday
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What's next? Inefficient refrigerators? Computers? I could use a new fridge in my place, but I'm only going to buy one if someone else helps pay for it.
If there were a struggling U.S refrigerator industry employing hundreds of thousands of people, and if refrgerators cost about 100 times more than they do, that might happen.
How is it fair to take federal dollars and try programs that are partly aimed at protecting the car industry? Undoubtedly, people at GE and Kenmore lost their jobs during the recession, no?
And isn't the market the best barometer here? Let an industry re-invent itself. What if we had tried this with the Sony Discman when the mp3 market kicked up?
You're in luck, then.
There will be an energy star rebate program for appliances coming up soon.
Fantastic. I need some new running shoes. My old ones probably use some rubber that's bad for the environment, and New Balance makes 25% of their shoes in the US.
Can we get a Scratch for Shoes program?
I'd much rather help you buy a new fridge than, say, spend a trillion dollars on an illegal war.
Non-sequitur.
Not to mention, I want to bring all the troops home and close our 700+ oversea bases. So I'm with you on that.
Maybe no ALL 700. But generally speaking, I can see from where you are coming.
Shit- Why don't we just eliminate our military altogether! /sarcasm
Removing our troops from bases around the world does not mean eliminating our military.
With all the CIA info coming our about Blackwater/Xe getting contracts for more than just security in '04, it seems that the Bush Administration was the one who wanted to eliminate the US military.
I want the military to be 100% publicly-run. It's a huge conflict of interest to contract out these jobs. Contracting out technology is one thing, but this is just wrong.
Agreed. I'd like to see the European welfare state survive supporting more than a token military.
Military, I. banks, CforC, Medicare....pork is pork.
Exactly. Must be nice not to worry about your military (and its cost) since you get advanced weapons, ships, and planes that you could never buy for 50% off or for free, and you know the US will always protect you as long as you shake Hillary's hand. And if you're lucky enough, you may even get millions of cold hard cash.
That money could have been spent in better ways. Quite frankly, retail is a much larger part of the economy that auto sales.
Obama is the biggest clunker around. America, you bought yourself a real lemon last November.
Lulz
They put all this money into the program, but they aren't paying it out to the car dealers quick enough. A lot of businesses are turning people away because they are afraid they won't get the refund from the government... and with good reason!
Sounds like Medicaid.