CASH FOR CLUNKERS

216 – Tuesday, August 04, 2009

Who do you think you are kidding, Mr. Obama? How can you be so naïve Mr./Ms. Representative? What do you think you are doing, Senator? ‘Cash for Clunkers’ is dubbed a win-win gala for the economy (auto industry) and the environment. The main basis for this billion dollar bail is an ’84 or newer vehicle that gets a combined mpg of 18 or less and is traded for a new car that gets either 4 mpg ($3500) or 10 mpg ($4500) to qualify for the parenthetical rebates respectively. Sound good? How is this a stimulus for the American economy since 4 of the top 5 new cars that are being purchased are foreign? How can this be a boon to our economic conditions when the majority of the crushed cars are being shipped to China as scrap and not recycled here? Too many questions? You bet there are!! Now we are up for round two, another two billion, since “everything is going much better than expected”! – for whom? I assure you not me!!! The regular Joe like you and I just keep hearing that ‘cha-ching-cha-ching’ as our national deficit skyrockets all the while mortgaging our future and delaying any opportunity we might have for righting of the listing ship of our financial solidarity! I have a better idea! Since the average used car has depreciated to just above fifty percent of its original value in about three years yet still has better than a hundred-thousand miles left in it, and further boasts five to ten mpg better averages than the cars that qualify for the current ‘CFC’ program as a ‘Clunker’, and lastly had an original price tag in the vicinity of $30,000, why not save $14,000 instead of $4,500 and find yourself a three-year-old ‘pre-owned’! There, now you are saving me some tax burden and getting better mileage (saving yourself some cash) and returning some valuable time back to the legislature so they can spend their minimal energies trying to make something positive happen to turn this country around and get headed in the right direction for a change – no wait – that was what they said they were doing when they came up with this idea, wasn’t it? I guess they are tired of being in the Insurance and Banking business and want to see how badly they can screw up the auto industry!! Should I be grateful that they are toiling so diligently on my behalf? What is next – perhaps the poultry farmers who are hit just as hard as the carmakers – it could be dubbed “Cash for Cluckers”!

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