Car dealers sold some cars, with government estimates at 700,000 vehicles, but applications processed at 150,000...so how many were sold?
The people buying the cars who used the incentive program had to allow their cars to be junked...the junk yards (excuse me the scrap dealers), will sell parts, but auto parts shops will not, poor people can not buy a used car and charities will not get the car donations.
So what was the point?
I can not understand the point of taking my tax money, or having the government borrow money on my behalf and give it to a car dealer. What did that accomplish?
Buyers who financed their vehicles will be paying a monthly payment for years and thus taking the cash out of other purchase possibilities.
Just another failed government program wasting my money and a burden for future generations to pay off.
CASH FOR CLUNKERS PROGRAM, A CLUNKER THAT JUST SUCKED UP AVAILABLE CASH FROM CONSUMERS-NO BENEFIT TO THE ECONOMY!
Posted by Sterling Cooper Tuesday, August 25, 2009 at 10:56 AM
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