So this is how they crush Ford, Toyota and Honda of America.
How much for a dilapidated Pelosi?
CWII rapidly gaining ground on WWIII....
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.
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.
Sure, spend another coupla hundred billion - its all gonna be inflated away anyway - its freeeeeee money!
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
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.
So the House thinks that people will give their cars up? Keep on dream......................LOL
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.
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.
Yeah, but what if your old clunker gets 30mpg like my ‘95 Jetta?
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?
Congress has sold its souls to the devil himself....that would be the only way to force gubmint mobiles on the people....
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.
Who are they going to tax to pay for this creampuff?!
You and me baby...
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)!
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.