As of this morning, the government's Cash for Clunkers program is still officially in effect. Reports late yesterday said the program might be suspended due to lack of funding, but various government officials are working this morning to try and find more funds to keep it going. We'll keep you posted as more news becomes available.
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Video: Formula Car Drives Nurburgring GP Track on Snow
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estreka says:
08:55 AM, 07/31/09
You know, everyone was moaning and complaining when they learned Congress was going to use taxpayer dollars to fund the purchasing of more fuel efficient vehicles for some folks. Then they complained when the program seemed very limited (saving taxpayer money). Now they're complaining again when the program turns out to be very limited (a la cash). And I bet you people will still complain when some additional money is acquired. Give it a rest, people!
If a dollar of my taxes went toward this program and the air I breathe is all the cleaner for it, that's one well-spent dollar.
brn says:
09:06 AM, 07/31/09
People are complaining because the program doesn't make sense. Now, I'm complaining because rumor has it that they want to triple the funding.
Btw: I never complained that it was too restrictive.
flicmod says:
10:25 AM, 07/31/09
The air really isn't all that cleaner because of this program. And neither is the ground with all those junked cars being put into it.
The fact is that the program neither helps consumers nor helps the environment. The government has found another way to keep people in debt by using taxpayer money to convince them to spend more. It also creates false demand for new vehicles, which, in turn, causes the auto companies to produce more vehicles and charge more for them in the long-run. AND THEN... more energy is used to create those new cars (not to mention the energy that was used to crush the old ones) which means more emissions and more pollution generated by factories, and more of our natural resources being eaten up.
And, as I've said before, it hurts the poor in this country because cheaper automobiles are crushed out of existence, subsequently destroying the used car market (and most likely raising prices there too), which only serves to hurt those that can only afford used vehicles.
Pretty nice scenario, huh? It's a vicious cycle, and you can thank all those goons on Capital Hill for it.
estreka says:
09:05 AM, 08/ 1/09
If your finances are so bad that you can't even afford a newer used car, I doubt some additional debt is really going to be much of a hindrance. Besides, it's not unlikely that most of these folks were looking to buy anyway.
For some reason, you can't teach an American to spend wisely.
flicmod says:
12:34 PM, 08/ 3/09
No one is teaching anyone how to spend wisely. And programs like this only serve to exacerbate the problem. Frivolous spending is out of control.
And your defense of people being in debt assumes very much. You cannot say if ANYONE was contemplating buying a new car right now. Most people in this economy are trying to save. But when the government steps in and says "SPEND!" and follows it up by saying "FREE MONEY!", it encourages people to do just that. But we all know that money isn't "free" and that all the spending just serves to hurt those that spent more of it.