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Cash For Clunkers
Topic Started: Aug 22 2009, 01:30 AM (115 Views)
khiers
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So whats your take on it? I have many differing opinions on this issue but a few stand out. First do you honestly think that it's going to make any improvement in the economy. I believe that it may help the auto makers and those employed by them in the short run, but what about the people whom are taking on debt again? Wasn't what got us into this mess to begin with. I mean why would you trade in a car that was paid for and take on new debt. Was it for the sake of the economy, the slight improvement in fuel economy, the environment? I honestly have several issues with this program, in theory it sounds ok but there are many things unsound about it. When you trade in your clunker, which by standards outlined in the program just means moderately older well running vehicle, it gets destroyed. The shell or body parts are ok to reuse but the drivetrain(engine, transmission and such) must be destroyed. Now I don't know about you, but I have not and probably never will buy a brand new vehicle. They have just destroyed 750,000 possibly good later model vehicles. Where does this leave those of us who like to buy used. We can now either purchase almost new or almost decrepit vehicles. Now on to the biggest issue, how is this even good adding to the national debt under the guise of helping the economy. Realistically all they have done is make you think that you got a discount, when in reality either you or your kids will be paying this amount back in taxes, so therefore it's not free money but a government loan. Basically you have given them a car that had a real dollar value and they used this car to give you a government loan that somehow or someway you will pay back. This is just a basic overview of the thoughts I have had on this subject. How about you?
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khiers
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Editorial on the subject at hand (clicky)
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