Posted on 12/13/2009 4:27:21 PM PST by John Semmens
President Barack Obama judged last summer’s subsidies to new car buyers “one of this nation’s most successful programs, ever. At a cost of only $30 billion, we were able to induce 700,000 people to buy new cars—both stimulating the economy and helping to reduce air pollution. It’s an unprecedented accomplishment, one unmatched by any previous administration.”
Gene Sperling, senior counsel to Treasury Secretary Timothy Geithner, contended that “the decision to go ahead with the program in the face of the relentless opposition from free market fanatics has to rank as the most courageous decision by a US President since Lincoln’s Emancipation Proclamation in 1863.”
Critics have pointed out that a subsequent decline in auto sales indicates that the program merely accelerated new vehicle purchase decisions by a few months, while simultaneously destroying many valuable used cars and driving up prices—hurting the lower income Americans who buy used cars because they can’t afford new ones.
(Excerpt) Read more at azconserv1.wordpress.com ...
Sick joke for the day!
Not so much from the car dealers who were hung out to dry - plus those people will have to pay tax on that money .... how’s that Hoax and Chains working for you now????
Meanwhile, ACORN will receive $8.5 billion for subverting the US election process.
There was an SNL skit IIRC where the translator for the Prime Minister of China says to Obama regarding how much the US is in debt to China:
“And we don’t accept payment in clunkers.”
You know in life things look diffent, looking DOWN upon things, than those in the real world...looking UP. I suppose from his ivory tower, that is what he sees. It isn´t what the masses of America saw about the Cash for Clunkers..different perspectives. It would be nice if someone close to him would tell him the TRUTH as it IS...and not the truth that he would like to believe.
That was funny!
And who was the opposition to the Emancipation Proclamation in 1863? I'm asking because if I recall correctly Mr. Sperling, it was the Democrats.
This is a bit sickening.
Next thing you know Nobama will declare his Presidency a success! Now...that’s going too far!
If it was such a success, why don’t they do it again?
And then there’s the lower income people who have to depend on used cars for transportation. Thanks to Kash-4-Klunkers, the price of used cars was forced up as 700,000 cars were destroyed, many of them perfectly functional.
Stupid Obama, mmmmm, mmmmm, mmmmm.
The wind is on the horizon ... what was that saying about sowing the wind ... that’s what Barack Insane Obama is doing.
SATIRE, freepers. I know it is hard to tell these days, sometimes nearly impossible, but look at the source! (Or the tag.)
Not only that, the people who thought they were getting a deal didn't realize that just the week before they could have gotten a steep discount on the same car far more than the $4500 than they got for trading in their running vehicle.
Well if he doesn’t, who will? Besides the fawning media, that is.
Someone check my math here but I think that is about $42000 per car. Did all these people buy luxury cars?
Preposterous assertion! It's just an excuse to use Lincoln's name in the same sentence as Obama so search engines and dolts begin to equate the 2.
That works out to the government spending over $40,000 per clunker.
Yeah, real success.
Well, there was some overhead cost involved for the government to administer the subsidy.
I just read a thread this morning where on 60 Minutes he gave him self a “B” in grading his Presidency. Oy Vey!
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