If we can prevent the government from wasting the labor of the people
under the pretense of caring for them, they will be happy. - Thomas Jefferson


Friday, August 7, 2009

My cash, for your clunker

The Senate has approved another $2 BILLION for the CARS program. (read more)

Much like all the other schemes giving away the tax money we all pay to only a select few who qualify, this is getting ridiculous. Lucky are the douchebags who both purchased a shitty gas guzzling vehicle more than a year ago AND can afford to buy a new car now...
I, for one, could afford a new car now, especially with $4,500 of your money, but the piece of junk sable in my driveway, a true clunker, is rated at 19 miles per gallon, so I don't qualify.

For those of you who think we're saving the environment:
1.) In certain circumstances, businesses are getting the credit with as little as a 1 mile per gallon improvement in fuel economy over the traded in vehicle. (read more)
2.) I for one can't wait to find out that the entrepreneurial spirit amongst the car dealerships and scrap yards is alive and well in the U.S. as it is in Germany. They've been running their own Cash for Clunkers program for most of this year. This week, their law enforcement shut down their program after finding containers of 'clunkers' ready to ship to Africa to be re-sold. Rather than getting these clunkers off the road, we're simply putting them on other roads, and allowing the dealerships and scrap yards to double dip the profits. (read more)

For those of you who think we're saving our economy:
1.) Now that dealerships are moving their old inventory under this program, the price of vehicles is going up again, making it harder for most folks that can buy a car to get a great deal.
2.) I don't have facts and figures, but I heard a story on NPR that in Germany, Toyota has outsold all other vehicles in their cash for clunkers program. The statistics in the U.S. aren't yet available, but I'm sure its not all American made cars being sold.

Taking from many, giving to few...

THIS is whyipaytaxes.

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