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Cash for Clunkers program fails to stimulate American auto industry, most autos being purchased are
RedwoodSap
Member Posts: 1,235
Less than 50% of the cars purchased under the program were from the big three american automakers.
We have taken money from US taxpayers who are paying for this nonstimulus program, redistributed it to other taxpayers and non-taxpayers alike in the form of a $4500 credit, yet most of the money is benefiting foreign companies.
Unlike the german version which this program was modeled after, ours does not limit the purchase to US automakers while the german model did limit itself to german automakers because the intent was to stimulate the german auto industry, not increase profits of foreign automakers.
Obama's cash for clunkers program has failed to stimulate the american auto industry. US taxpayers now own part of both GM and Chrysler because of Obama's failed bailout program, and those companies are worthless and will never be able to pay US taxpayers back.
It is true that many of the foreign models being purchased, are in part manufactured in the US by non labor union americans which helps them retain their jobs in these Obama created failing economic times with double digit unemployment. However, even though all consumer sales are down including foreign auto models, those workers jobs were not in jeopardy unlike the american auto makers employees, specifically GM and Chrysler.
The cash for clunkers program has done very little to help GM and Chrysler and their employees. The return that america and americans are receiving for the 1 billion soon to become 3 billion dollar expenditure is negligible. It's more democratic party deficit spending waste.
Comments
Well gee, could it been because foreign made cars are more reliable, more efficient and cheaper produced. The problem lies within our own auto manufacturers not the policy itself.
Shortened to get to the point.
Could have just stopped there with that bit of truth. You don't know what it "failed to stimulate" because the program just started. You can't tell overall effects after a month, lol.
It certainly "stimulated" people to go out and spend money they supposedly didn't have (according to the fearmongers on television) and that is connected to many other industries (parts/labor/support services) for those new cars no matter who made them.
The rest of your post was all "this fails, that fails".
"TO MICHAEL!"
^This
The Official God FAQ
The policy fails though since Obama and his democratic cronies didn't realize this ahead of time.
Most people like yourself know this yet the so called economic geniuses in the Obama administration didn't?
More proof of their stupidity and why they should have limited the benefit to US automaker models. They are incompetent.
The policy fails though since Obama and his democratic cronies didn't realize this ahead of time.
Most people like yourself know this yet the so called economic geniuses in the Obama administration didn't?
More proof of their stupidity and why they should have limited the benefit to US automaker models. They are incompetent.
I agree there should have been heavier incentives to buy American, but money from this program still goes to Americans. Dealers, manufacturers in America, consumers in the form of gas savings.
The Official God FAQ
Shortened to get to the point.
Could have just stopped there with that bit of truth. You don't know what it "failed to stimulate" because the program just started. You can't tell overall effects after a month, lol.
It certainly "stimulated" people to go out and spend money they supposedly didn't have (according to the fearmongers on television) and that is connected to many other industries (parts/labor/support services) for those new cars no matter who made them.
The rest of your post was all "this fails, that fails".
So you admit the program just started and if anything it is unclear whether anything has been stimulated other than giving money from taxpayers to other taxpayers and non-taxpayers alike to spend, which is simply wealth redistribution. They bought cars, parts etc. from mostly foreign owned companies who benefited the most from this program paid for with american taxpayer monies.
You say " You can't tell the overall effects after a month, lol. " Doesn't that suggest we should wait and see the effects and analyze the data before rushing to possibly throw another 2 billion down the drain?
How dare you insist that the US government tell you which car you can buy or not buy!
Most people like yourself know this yet the so called economic geniuses in the Obama administration didn't?
More proof of their stupidity and why they should have limited the benefit to US automaker models. They are incompetent.
I agree there should have been heavier incentives to buy American, but money from this program still goes to Americans. Dealers, manufacturers in America, consumers in the form of gas savings.
Ditto.
One thing we will never know though, is how much cockblocking Republicans did in the Cash for Clunkers to water this down.
If the healthcare plan for public option is any clue, Republicans probably took that common sense out of the bill and Obama pushed though what he could ultimately.
Of course they wanted to get Detroit moving again and if we could see it, of course Obama could. I'm betting this was the best deal he could get and even given that, its doing pretty well that consumers wrote (demanded) their representatives push through some more money so they can run out and buy cars built by Americans.
"TO MICHAEL!"
How dare you insist that the US government tell you which car you can buy or not buy!
I LOL'd.
"TO MICHAEL!"
How dare you insist that the US government tell you which car you can buy or not buy!
In for a penny in for a pound.
And you ain't seen anything yet. Socialized healthcare is all about government telling you what you can do.
...and explain how that will be any different then it is now with the corporations dictating what level of health care I am worthy for?
How dare you insist that the US government tell you which car you can buy or not buy!
In for a penny in for a pound.
And you ain't seen anything yet. Socialized healthcare is all about government telling you what you can do.
Which goes back to his point... why do you want the government to tell you WHICH car you have to buy through limiting ONLY GM, Chrysler or Ford cars if they are crappier?
You defeat yourself. Plus, why are you derailing your OWN thread with healthcare talk and socialism?
Weirdness.
"TO MICHAEL!"
How dare you insist that the US government tell you which car you can buy or not buy!
In for a penny in for a pound.
And you ain't seen anything yet. Socialized healthcare is all about government telling you what you can do.
Which goes back to his point... why do you want the government to tell you WHICH car you have to buy through limiting ONLY GM, Chrysler or Ford cars if they are crappier?
You defeat yourself. Plus, why are you derailing your OWN thread with healthcare talk and socialism?
Weirdness.
You don't think cash for clunkers is socialism? Redistribution of wealth. Weirdness.
...and explain how that will be any different then it is now with the corporations dictating what level of health care I am worthy for?
If I don't like what one corporation is offering, I can choose another.
How many government run healthcare programs will I have to choose from?
The government is out of money and their borrowing money to make this dumb ass program possible.
And you will have to pay it back in the form of higher taxes.Long after Obama is gone.
Trade in material assumptions for spiritual facts and make permanent progress.
How dare you insist that the US government tell you which car you can buy or not buy!
In for a penny in for a pound.
And you ain't seen anything yet. Socialized healthcare is all about government telling you what you can do.
Which goes back to his point... why do you want the government to tell you WHICH car you have to buy through limiting ONLY GM, Chrysler or Ford cars if they are crappier?
You defeat yourself. Plus, why are you derailing your OWN thread with healthcare talk and socialism?
Weirdness.
You don't think cash for clunkers is socialism? Redistribution of wealth. Weirdness.
How is giving you a choice of which car to buy socialism?
"TO MICHAEL!"
I guess "foriegn car" "special interest groups" made sure such a stipulation never exsisted.
I find it amazing that by 2020 first world countries will be competing to get immigrants.
How dare you insist that the US government tell you which car you can buy or not buy!
In for a penny in for a pound.
And you ain't seen anything yet. Socialized healthcare is all about government telling you what you can do.
Which goes back to his point... why do you want the government to tell you WHICH car you have to buy through limiting ONLY GM, Chrysler or Ford cars if they are crappier?
You defeat yourself. Plus, why are you derailing your OWN thread with healthcare talk and socialism?
Weirdness.
You don't think cash for clunkers is socialism? Redistribution of wealth. Weirdness.
How is giving you a choice of which car to buy socialism?
Money paid by all taxpayers is being given to some taxpayers and non taxpayers alike to buy more fuel efficient new model cars.
I don't need a fuel efficient car because I have always driven a fuel efficient vehicle unlike the asshats that drive SUVs and other gasguzzlers. Even if you are poor, you can buy a fuel efficient used car for 1-2k. I know, I have done it, so it is unnecessary to reward people with a $4500 credit towards a new model car in order to be fuel efficient.
So people who made poor choices in the past are being rewarded with my taxes including non taxpayers. People like me, who have always been smart and done the correct thing by driving fuel efficient cars should receive the same $4500 credit to apply to a purchase of our choice that we could use. I would spend it on an american product unlike what is happening with cash for clunkers.
That's called redistribution of wealth which is a socialist agenda.
And you are incorrect about having a choice of which car to buy, it must be a fuel efficient car. You cannot get the credit if you want to exercise free will and buy a SUV. That is government telling you what you can do.
If you don't have enough money to purchase a new car, don't just say NO ONE should get a new car when it helps them and the economy. No taxpayer is excluded. I can get in on this deal right now, but I already bought a Pacifica last year so I don't need another car. I don't have any sour grapes because I missed the Clunker deal by one year, or because I bought my house 15 years ago and can't get a $8,000 credit now. When I bought both, they were STILL good deals at the time. Why live life like you are suggesting, hating because someone got better?
Cars for 1k? No one is in the market for that except teenagers. That puts money in no ones pocket.
I think you are wrong about the SUV. I see no reason why they wouldn't give you a rebate to buy a Ford Escape Hybrid that gets better gas mileage than what most people are driving now. That makes no sense.
I simply have no idea why all of a sudden that Obama is president, everything is called "socialism" when it was being done for years.
I see no "redistribution of wealth" in offering a rebate for cars, solar panels, home buying, more efficient appliances or hiring X amount of employees.
"TO MICHAEL!"
I see no "redistribution of wealth" in offering a rebate for cars, solar panels, home buying, more efficient appliances or hiring X amount of employees.
I do. Don't tax me to pay for crap other people need and I don't. Either my taxes go for something everyone benefits from or give me an equal amount of credit towards something I could use.
If you don't have enough money to purchase a new car, don't just say NO ONE should get a new car when it helps them and the economy. No taxpayer is excluded. I can get in on this deal right now, but I already bought a Pacifica last year so I don't need another car. I don't have any sour grapes because I missed the Clunker deal by one year, or because I bought my house 15 years ago and can't get a $8,000 credit now. When I bought both, they were STILL good deals at the time. Why live life like you are suggesting, hating because someone got better?
Cars for 1k? No one is in the market for that except teenagers. That puts money in no ones pocket.
I think you are wrong about the SUV. I see no reason why they wouldn't give you a rebate to buy a Ford Escape Hybrid that gets better gas mileage than what most people are driving now. That makes no sense.
I simply have no idea why all of a sudden that Obama is president, everything is called "socialism" when it was being done for years.
I see no "redistribution of wealth" in offering a rebate for cars, solar panels, home buying, more efficient appliances or hiring X amount of employees.
More like borrowing more money we don't have to stimulate a short term gain. People who had perfectly functioning vehicles turn them in to be destroyed and are now in debt with car payments. All this just to help a company thats "just too big to fail." I wonder what Ford is up to these days.
Don't be terrorized! You're more likely to die of a car accident, drowning, fire, or murder! More people die every year from prescription drugs than terrorism LOL!
The vehicles just had to be running, that's all. They didn't have to be fuel efficient or running well, because they were getting crushed up anyways. The engines are taken out and they pour concrete or something down the blocks as well. The whole point was to get lower emission/lower fuel mileage cars off the road for anyone ALREADY on the fence about getting a new car. Some people were already planning to buy and many had held off because the economy was in Crapsville when Bush left, so they held onto their money. The same with houses... people just didn't want to take a chance the economy was going to sink deeper.
But now with the Dow over 9k and holding very steady, homes rebounding and MOST Americans personal situations not changing all that much people are starting to come out of the shell. This just encourages more of it. It won't be a lot of defaults either because you can bet the people handing out car/house loans now are EXTREMELY picky, lol. This isn't really a short term gain, because the real effects of major purchases like white goods, homes and autos have HUGE ramificaions down the line, not short term.
If you live on a block where everyone was leaving due to foreclosures you weren't feeling too good about your own home even if you had it already paid for. You would look around and say "Things are bad" and hold onto your own money. Now people are using the $8k rebate and buying homes and people see neighbors again. That has positive long term effects because their communities are holding or rebounding and then they'll loosen up the pursestrings.
Most people acknowledge the economy was a big fear problem after awhile. It's getting people to get back to spending wisely and that takes confidence. Programs like these spread it around.
"TO MICHAEL!"
The economy has gotten much worse under Obama. We are now in double digit unemployment and many of those who are working are earning much less than they used to. Guess libs will continue to try and blame that on Bush even though the actions by the Obama administration have directly contributed to a tighter economy.
Of course the lending industry is no longer pressured to give risky loans by Barney Frank and Chris Dodd and organizations like Acorn because of the mess that created. The failing economy was a domino effect starting with the housing market crash.
Heralding the 9k range of the Dow as a strong comeback is laughable. I am sure all the investors who lost their savings are thrilled at such a modest gain. They will die before regaining what they lost.
Most people like yourself know this yet the so called economic geniuses in the Obama administration didn't?
More proof of their stupidity and why they should have limited the benefit to US automaker models. They are incompetent.
I agree there should have been heavier incentives to buy American, but money from this program still goes to Americans. Dealers, manufacturers in America, consumers in the form of gas savings.
Ditto.
One thing we will never know though, is how much cockblocking Republicans did in the Cash for Clunkers to water this down.
If the healthcare plan for public option is any clue, Republicans probably took that common sense out of the bill and Obama pushed though what he could ultimately.
Of course they wanted to get Detroit moving again and if we could see it, of course Obama could. I'm betting this was the best deal he could get and even given that, its doing pretty well that consumers wrote (demanded) their representatives push through some more money so they can run out and buy cars built by Americans.
Well to show how little you actually know, you wen't and opened your mouth again. The republicans have NO controle over ANYTHING.
They don't have a majority in the senate, they don't even have enough to fillabuster in congress and Obama doesn't have any on his staff. So this statment is totaly false.
Now second...to REALLY show how little you know, the healthcare plan that is in disscution right doesn't have anything to do with Obama, the plan was originated in the SENATE!!! Obama really doesn't have anything to do with this EXEPT he is out lobbying for it, and if it did pass he COULD veto it.
But this whole "Republicans probably took that common sense out of the bill and Obama pushed though what he could ultimately." is TOTALY FALSE.
The only thing that is holding it up right now are talks in the senate, and a few of the more moderate dems are listening to the people and going to the "town hall" meetings and they are like "wait a sec guys....if we wanna get reelected maybe we should"
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How many Republicans said they are going to cockblock? All of them, so control doesn't matter. It's supposed to be a "bi-partisan effort" but they are just the party of "No Effort". Why would you expect all Democrats to LOVE the plan? Because they are all Democrats? Does that even make any sense to you? If it doesn't, then why would you expect all Republicans to HATE the plan? Simply because they are all Republicans? Some like it but wouldn't dare say yes because they'd get the Arlen Specter treatment.
So Obama has nothing at all to do with formulating the healthplan that everyone is saying is "his", Republican and Democratic. Yeah, you're right your wisdom escapes me. Of course its "his" plan, everyone knows that, it doesn't matter who introduced it.
Of course Republicans chopped the bill to shreds. I wouldn't vote on garbage if I was a Democrat either that had been ripped to pieces because special interests told Republicans its not a good idea to sign. Look at all the special interests backing the Republicans on this and you'll see who's calling the shots. That's why Baucus (the Dem) isn't voting because his biggest contributor to his campaigns have been MEDICAL special interests.
Those townhalls are nicely orchestrated events. I really enjoy watching morons outyell politicians and holding up birth certificates and reciting the Pledge of Allegiance. That's a constructive way to have a discussion for sure. What clueless, Fox-puppeted jackoffs those fools on television screaming are, lol.
"TO MICHAEL!"