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US House Passes 'Cash For Clunkers' Bill
DOW JONES NEWSWIRES via CNN ^ | June 09, 2009 | Josh Mitchell

Posted on 06/10/2009 2:39:21 AM PDT by Daffynition

WASHINGTON -(Dow Jones)- The U.S. House of Representatives approved legislation Tuesday aimed at stimulating auto sales by providing cash vouchers to consumers to trade in gas-guzzling cars for newer, more efficient models.

The 298-119 vote culminates months of wrangling among lawmakers over the details of a so-called "cash for clunkers" program, pushed mainly by Democrats and President Barack Obama. Most members voting "yes" were Democrats, while all but a few of the "no" votes came from Republicans.

The legislation aims to halt a steep slide in auto sales. Proponents pointed to a program in Germany credited with spurring a double-digit spike in car purchases there.

Rep. Sandy Levin, D-Mich., said the U.S. government's efforts to restructure the auto industry, which is costing tens of billions of dollars, "won't work if there isn't work on the demand side."

The legislation, which still must be passed by the Senate, faces hurdles, including questions about where to find the money for the one-year, $4 billion program. Some lawmakers have suggested the money could come from the economic- stimulus package passed earlier this year.

The House bill, authored by Rep. Betty Sutton, D-Ohio, would authorize the administration to provide cash vouchers of as much as $4,500 to consumers who trade in older vehicles and then lease or purchase a newer, more energy- efficient one. It would require the older vehicle to have a fuel economy of 18 miles per gallon or less and the newer vehicle to get at least 22 mpg. The voucher would be worth $3,500 if the newer vehicle achieved a 4 mpg increase in fuel economy. If the mileage of the new car was at least 10 mpg higher than the older vehicle, the voucher would be worth $4,500.

The older vehicles would be dismantled. [snip]

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Front Page News; Government
KEYWORDS: 111th; cashforclunkers; clunkers; congress; democratcongress; democrats; energy
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Stark raving mad!
1 posted on 06/10/2009 2:39:22 AM PDT by Daffynition
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To: Daffynition

So this is how they crush Ford, Toyota and Honda of America.


2 posted on 06/10/2009 2:43:35 AM PDT by bustinchops
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To: Daffynition; Liz; AT7Saluki; writer33
US House Passes 'Cash For Clunkers' Bill

How much for a dilapidated Pelosi?

3 posted on 06/10/2009 2:45:02 AM PDT by Libloather (Tea Totaler)
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To: Daffynition

CWII rapidly gaining ground on WWIII....


4 posted on 06/10/2009 2:47:17 AM PDT by prismsinc (A.K.A. "The Terminator"!)
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Comment #5 Removed by Moderator

To: Daffynition
...provide cash vouchers of as much as $4,500 to consumers who trade in older vehicles...

So the used car market is going to be flooded with gas guzzlers which will be selling at low prices. I thought the goal was to get them off of the road instead of making them attractive.

According to the article it seems to allow purchase of a "newer" car rather than a new car. Room for a lot of shenanigans to go on here. Of course that may be the purpose of the whole fiasco.

6 posted on 06/10/2009 2:51:25 AM PDT by FreePaul
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To: arbooz

Agreed! My mind is still trying to absorb this fiasco ...need more coffee.


7 posted on 06/10/2009 2:54:55 AM PDT by Daffynition ("If any of you die, can I please have your ammo?" ~ Gator113)
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To: FreePaul

I believe the news stories say that the cars are ‘sposed to be “dismantled” ...so if you’re in the parts business, that may mean a good thing, until the market is glutted.


8 posted on 06/10/2009 2:56:28 AM PDT by Daffynition ("If any of you die, can I please have your ammo?" ~ Gator113)
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To: Daffynition

It’s Bambi handing out the pie to his followers. Every good dictator has got to give a little largesse every now and then. Keeps his ignorant followers loyal.


9 posted on 06/10/2009 3:00:20 AM PDT by livius
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To: Daffynition

Sure, spend another coupla hundred billion - its all gonna be inflated away anyway - its freeeeeee money!


10 posted on 06/10/2009 3:00:27 AM PDT by glorgau
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To: Daffynition

first, i post a sale for a ‘brand new car’, normally retailing for $20,000, for $19,000

then, i get a clunker from the junk yard for $100. trade it in and buy the car for $20,000 but only pay $15,500.

i then deliver it to my customer who bought it from me for $19,000... pocketing the $3,400

not a bad profit... 3400% on my money ... straight from the US taxpayer

yea.. this won’t get scammed by ACORN


11 posted on 06/10/2009 3:04:42 AM PDT by sten
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To: Daffynition

At least it’s a better deal than my last car purchase. Last time around, I spent $80B for a controlling stake in GM, which is worth nothing. This time around, I’ll pay $4500 at a time for cars worth $100. By obama’s standards, that’s better than average.


12 posted on 06/10/2009 3:10:17 AM PDT by TurtleUp (So this is how liberty dies - to thunderous applause!)
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To: sten
According to the DFP:

The plan does have several hurdles that will keep some potential buyers on the sidelines. The clunker being traded in will be crushed or recycled, meaning it will have no trade-in value beyond the voucher. Of the 25 million vehicles estimated to qualify for the voucher, most will be trucks: even 15 years ago, only five models of midsize sedans managed just 18 m.p.g.

To ensure the vehicles being crushed are actually coming off the road rather than cinder blocks, the trade-ins have to have been registered and insured for at least the past year.

13 posted on 06/10/2009 3:12:57 AM PDT by Daffynition ("If any of you die, can I please have your ammo?" ~ Gator113)
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To: TurtleUp

Hemorrhage vs paper cut. I love it!


14 posted on 06/10/2009 3:15:00 AM PDT by Daffynition ("If any of you die, can I please have your ammo?" ~ Gator113)
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To: sten

Anyone who accepts the “cash” is just hiking the price on themselves. When will the idiots out there come to realize the government has nothing until they take it out of our pockets. Its going to be really ugly when those capable of a smidgen of rational thought suddenly realize what has been foisted upon them.


15 posted on 06/10/2009 3:17:21 AM PDT by mazda77 (Rubio for US Senate)
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To: bustinchops

Toyota and Honda would be the big beneficiaries. Meh.


16 posted on 06/10/2009 3:18:13 AM PDT by Daffynition ("If any of you die, can I please have your ammo?" ~ Gator113)
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To: Daffynition

Big beneficiaries? Government-owner auto production will undercut Ford, Toyota and Honda. They won’t be able to compete. They’ve already got a borrowing problem. Chrysler and GM are getting our bailout money at a much lower rate than the other three can. And then there’s the auto turn-in for clunkers-for-cash going on.


17 posted on 06/10/2009 3:28:24 AM PDT by bustinchops
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To: arbooz

Yep. This is so true.

There is NO doubt, the government is saturated with population control advocates.

This is “Here’s $4,500 to put you in the death trap of your choice!”

As far as I’m concerned, their followers deserve to die on the road.


18 posted on 06/10/2009 3:32:07 AM PDT by prismsinc (A.K.A. "The Terminator"!)
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To: bustinchops

But ...but .... Honda and Toyota already have the cars .... how long will it take for GM to have them on the lots?

I’m trying to look up CAFE standards and how the EMPG will be calculated for the program ...or should I say pogrom? I have to get to work now. Later.


19 posted on 06/10/2009 3:33:32 AM PDT by Daffynition ("If any of you die, can I please have your ammo?" ~ Gator113)
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To: Daffynition

So the House thinks that people will give their cars up? Keep on dream......................LOL


20 posted on 06/10/2009 3:34:03 AM PDT by Biggirl ("Live Long And Prosper!"-Mr. Spock:)=^..^==^..^==^..^==^..^=)
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To: Daffynition

This thing sounds A LOT like the gun take-back programs going on around the country.

Why do the vehicles need to be destroyed? What I sanity!!!

The guns that are taken back are also destroyed.


21 posted on 06/10/2009 3:35:06 AM PDT by prismsinc (A.K.A. "The Terminator"!)
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To: Daffynition

This thing sounds A LOT like the gun take-back programs going on around the country.

Why do the vehicles need to be destroyed? What insanity!!!

The guns that are taken back are also destroyed.


22 posted on 06/10/2009 3:35:29 AM PDT by prismsinc (A.K.A. "The Terminator"!)
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To: Daffynition

Yeah, but what if your old clunker gets 30mpg like my ‘95 Jetta?


23 posted on 06/10/2009 3:35:56 AM PDT by raybbr (It's going to get a lot worse now that the anchor babies are voting!)
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To: Daffynition

FYI:
http://www.freerepublic.com/focus/search?m=all;o=time;q=quick;s=Clunkers


24 posted on 06/10/2009 3:36:17 AM PDT by xcamel (The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
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To: Daffynition

If this was to happen, what you have mentioned will become all the rage.


25 posted on 06/10/2009 3:36:33 AM PDT by Biggirl ("Live Long And Prosper!"-Mr. Spock:)=^..^==^..^==^..^==^..^=)
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To: Daffynition
The voucher would be worth $3,500 if the newer vehicle achieved a 4 mpg increase in fuel economy.

A 4 mpg increase in a new vehicle won’t be hard to find. That’s going to be a lot of money paid out - where’s it coming from?

26 posted on 06/10/2009 3:37:13 AM PDT by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
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To: R. Scott

I’m trying to build a fast truck, I want a gas guzzler


27 posted on 06/10/2009 3:40:49 AM PDT by carcraft (Pray for our Country)
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To: Daffynition

That’s why you would want to buy a gas guzzler. Parts will be extremely cheap and easy to find.


28 posted on 06/10/2009 3:40:52 AM PDT by oblomov (Every election is a sort of advance auction sale of stolen goods. - Mencken)
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To: Daffynition
"It's defying the laws of economics and saying we can manufacture enough demand to keep the auto industry afloat," said Rep. Jeff Flake, R-Ariz. He also questioned where Congress would find the money for the program.

Congress has sold its souls to the devil himself....that would be the only way to force gubmint mobiles on the people....

29 posted on 06/10/2009 3:46:28 AM PDT by cbkaty (I may not always post...but I am always here......)
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To: carcraft

I’m watching our local morning news.
The newsreader, with a bright chipper happy tone of voice tells us that “The Government” is going to give us thousands of dollars to buy a new car - then with a serious tone of voice tells us about Obama’s “pay as we go” plan!


30 posted on 06/10/2009 3:48:42 AM PDT by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
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To: TurtleUp

Good post, TurtleUp.


31 posted on 06/10/2009 3:51:00 AM PDT by DemforBush (Somebody wake me when sanity has returned to the nation.)
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To: DemforBush

I ain’t buying a Government Motors car PERIOD!


32 posted on 06/10/2009 3:58:15 AM PDT by Fred911 (YOU GET WHAT YOU ACCEPT)
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To: Fred911

So now they will have to dispose of these vehicles. Since many are made from plastics, they cannot be burned. They cannot be buried, they cannot be dumped in the ocean.

I wonder what the environmental lobby will say about this?


33 posted on 06/10/2009 4:13:20 AM PDT by EQAndyBuzz (Climate change alarmists are Warm-Mongers. Now that's funny right there. I don't care who you are.)
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To: EQAndyBuzz
So now they will have to dispose of these vehicles. Since many are made from plastics, they cannot be burned. They cannot be buried, they cannot be dumped in the ocean.

Just think of the rammifications.

First, imagine all the collectible cars that would normally be restored that will be destroyed. I know personally that Jeep fans are totally against this.

Second, imagine what all this scrapped material (rubber, plastic, metal) will do to scrap prices for recyclers....it will depress prices, reduce profits and drive some out of business.

Third, before these cars can be recycled, the fluids must be drained from them....who is going to do that and what will it cost? If you REALLY want to recycle them, the plastics, glass, and different alloys of metal must be segregated....who is going to do that?

34 posted on 06/10/2009 4:24:59 AM PDT by Erik Latranyi (Too many conservatives urge retreat when the war of politics doesn't go their way.)
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To: Daffynition
"the trade-ins have to have been registered and insured for at least the past year. "

Good for those who can plan ahead.

35 posted on 06/10/2009 4:26:26 AM PDT by Paladin2 (Big Ears + Big Spending --> BigEarMarx, the man behind TOTUS)
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To: R. Scott

The government is just going to print the money for this, of course. Isn’t that how it’s going to pay for everything?


36 posted on 06/10/2009 4:27:24 AM PDT by steadfastconservative
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To: EQAndyBuzz
So now they will have to dispose of these vehicles. Since many are made from plastics, they cannot be burned. They cannot be buried, they cannot be dumped in the ocean.

Park them in Detroit, like this one. The city is 100% liberal, so they won't be able to afford anything else to park for the next few centuries.

37 posted on 06/10/2009 4:28:58 AM PDT by TurtleUp (So this is how liberty dies - to thunderous applause!)
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To: oblomov

You will still see the gas guzzlers still on the road because the parts shops will become big businesses because of the parts.


38 posted on 06/10/2009 4:41:19 AM PDT by Biggirl ("Live Long And Prosper!"-Mr. Spock:)=^..^==^..^==^..^==^..^=)
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To: Biggirl
I have trouble believing that parts from dismantled "clunkers" will be made available to keep similar gas-guzzlers on the road longer. That idea runs contrary to the administration's agenda.

Yeah, the traded-in vehicles will be disassembled (more "busy work" jobs for the UAW?) to prevent them from returning to the road somehow. As for the parts, I expect to see them loaded on freighters and sold as scrap to China.

39 posted on 06/10/2009 4:58:07 AM PDT by Charles Martel ("Endeavor to persevere...")
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To: Erik Latranyi
If you REALLY want to recycle them, the plastics, glass, and different alloys of metal must be segregated....who is going to do that?

The UAW, of course.

40 posted on 06/10/2009 4:59:18 AM PDT by Charles Martel ("Endeavor to persevere...")
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To: FreePaul

The British government in conjunction with the Vauxhall Motor company has a similar program. If your car is over ten years old you can have it scrapped and receive 2,000 pounds towards a new Vauxhall.


41 posted on 06/10/2009 5:13:44 AM PDT by AceMineral (Offically unapproved of since 1973)
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To: Daffynition

My “old clunker,” a ‘97 Saturn, has 170k miles on it, runs great, and gets 30-35 mpg. I also save on car insurance. It’s nice to know that as a reward for my frugality, I’ll be paying for other people to buy new cars.


42 posted on 06/10/2009 5:23:10 AM PDT by Aquinasfan (When you find "Sola Scriptura" in the Bible, let me know)
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To: Daffynition

Who are they going to tax to pay for this creampuff?!

You and me baby...


43 posted on 06/10/2009 5:46:49 AM PDT by 5by5
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To: Aquinasfan

same deal with my 94 Golf.

When dealing with gubermint, it rarely ever pays off to do the right thing, be responsible or ‘reuse and recycle’.


44 posted on 06/10/2009 8:43:10 AM PDT by WOBBLY BOB (ACORN:American Corruption for Obama Right Now)
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To: Daffynition

This is all about getting rid of all or most “used vehicles” in the USA; then when those are gone, when someone wants to buy a new vehicle (that is not made after Cafe 44, then they can’t): it’s all about ‘controll’.. this is an inovative way to waste tax money (and get rid of used vehicles) all at the same time (Here’s to hoping treasury runs out of money soon..before this hits hard)!


45 posted on 06/10/2009 8:58:10 AM PDT by JSDude1 (DHS, FBI, FEMA, etc have been bad little boys. They need to be spanked and sent to timeout!)
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To: Daffynition
Proponents pointed to a program in Germany credited with spurring a double-digit spike in car purchases there.


46 posted on 06/10/2009 8:59:20 AM PDT by matt1234
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To: All; DungeonMaster

So, all of a sudden, every running, $500, sub-19 MPG piece of crap (e.g. my neighbor’s rusted-out, worn-out ‘84 Chevy pickup) is worth $3500-$4500, and us present and future taxpayers are stuck with yet another bill.

Whatta country.

Wake me when it’s finally over.

Ping.


47 posted on 06/10/2009 10:55:43 AM PDT by newgeezer (It is [the people's] right and duty to be at all times armed. --Thomas Jefferson)
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To: Libloather

California has had this program on a state basis for years...there’s a reason they’re the most bankrupt state in the union.


48 posted on 06/10/2009 11:08:34 AM PDT by WOBBLY BOB (ACORN:American Corruption for Obama Right Now)
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To: Daffynition

Under Mao’s Great Leap Forward, the Chinese people were required to surrender metal tools, to be melted down into new government-produced steel. The new government steel was so poor in quality that implements made from it cracked and broke. The people, who once had usable tools, were left with nothing but useless scrap metal. Nuff said.


49 posted on 06/10/2009 11:16:17 AM PDT by LikeLight (http://www.believersguidetolegalissues.com)
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To: JSDude1
Well, well .....we have a website so we can follow the latest on this insanity.
50 posted on 06/10/2009 12:37:59 PM PDT by Daffynition ("If any of you die, can I please have your ammo?" ~ Gator113)
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