Thread: Ask James48843

"This proves one thing: If you hand out money on the street corner, people will take it," said James L. Gattuso, a senior fellow in regulatory policy at The Heritage Foundation, a conservative think tank.

He warned that while people might be buying cars the gains from their purchases won't overcome the lost economic activity from using the government dollars for more productive programs.


"The money has to be taxed or borrowed. It doesn't come from thin air," Gattuso said. "You aren't going to fix the economy by the government being the consumer and paying for consumption directly."

"Is the government going to be the consumer of last report?" Gattuso added. "I don't think that's a viable economic plan."

The Cash for Clunkers program was designed to help the struggling auto industry by giving owners of old cars money toward the purchase of a new, more fuel-efficient vehicle. Owners of old cars and trucks can get $3,500 or $4,500 toward a new, more fuel-efficient vehicle in exchange for scrapping their old vehicle.

Originally Posted by Show-me

http://www.abcnews.go.com/Business/s...8242391&page=1

I sure the executives appreciate the free money.

The government (taxpayer) is both the consumer and the seller. Money out of your pocket into treasury, back in your pocket as rebate, back in treasury thru automakers. WE (taxpayers) own GM, people. Do you want it to fail? The bailout has to be repaid. It's the same money being recycled.

Originally Posted by McDuck

http://www.cnn.com/2009/US/08/03/clu...ml#cnnSTCVideo

Ah Ha.

CNN's reporter is wrong. There is no rule that says only those parts can be reused.

Here is the rule itself- from http://www.cars.gov/files/TheRule.pdf

As you can see- the rule ONLY requires the engine block not to be reused- and the drive train, unless the drive train is disassembled into parts. If it is, then the drive train could also be reused.


From page 53 of the rule: (Section 599.400 to 403, disposal requirements)

Attachment 6636

A disposal facility is free to remove and sell doors, airbags, (both items that the CNN reporter said they could not), as well as any other component of the vehcile traded in. The ONLY exception is the engine block, and complete drive train. The drive train would have to be disassembled into parts to sell the parts. (Transmission, drive shaft, rear end, each could be sold as a seperate unit).

I never said CNN was accurate in their reporting.

Thanks for the reference. We all ought to bombard CNN with the facts, and demand a retraction.

But then it wouldn't be as good a video to stir up opposition to the program, now would it?

CNN never lets facts get in the way of a story, eh?

Originally Posted by James48843

Thanks for the reference. We all ought to bombard CNN with the facts, and demand a retraction.

The original NYT article, a CBS Sunday Morning report, and now this CNN all say that the car goes to the crusher.

Again- who do you believe?

(mcduck, I can't believe I am saying this, but here goes....)

Who are you going to believe?

The media?

Or the actual government published rule?

(There, I said it.)


:-)

BY the way- more details emerging today:

The Top Ten Cash for Clunkers Trade-Ins:

1. 1998 Ford Explorer

2. 1997 Ford Explorer

3. 1996 Ford Explorer

4. 1999 Ford Explorer

5. Jeep Grand Cherokee

6. Jeep Cherokee

7. 1995 Ford Explorer

8. 1994 Ford Explorer

9. 1997 Ford Windstar

10. 1999 Dodge Caravan

The Top Ten Cash for Clunkers New Cars Purchased:

1. Ford Focus

2. Honda Civic

3. Toyota Corolla

4. Toyota Prius

5. Ford Escape

6. Toyota Camry

7. Dodge Caliber

8. Hyundai Elantra

9. Honda Fit

10. Chevy Cobalt

With all due respect, where did you get your data?

Originally Posted by James48843

The Top Ten Cash for Clunkers New Cars Purchased:

1. Ford Focus

2. Honda Civic

3. Toyota Corolla

4. Toyota Prius

5. Ford Escape

6. Toyota Camry

7. Dodge Caliber

8. Hyundai Elantra

9. Honda Fit

10. Chevy Cobalt

Sending the car to a crusher means to crush the shell. It does not mean that the shell has to go to the crusher with ALL its various parts.

The engine must be destroyed. All removable parts can be removed from the body for recycling. The remaining unibody shell is sent to the crusher.

Originally Posted by McDuck

With all due respect, where did you get your data?

I found it here:
http://usnews.rankingsandreviews.com...-and-New-Cars/

Ever since Dan Blather's report on GWB's Military record..I don't believe anything the media prints or says..But hey, it's all good drama

'Clunkers' rebates look likely for another month'


http://news.yahoo.com/s/ap/20090804/...h_for_clunkers

Originally Posted by turbo23dog

Sending the car to a crusher means to crush the shell. It does not mean that the shell has to go to the crusher with ALL its various parts.

The engine must be destroyed. All removable parts can be removed from the body for recycling. The remaining unibody shell is sent to the crusher.

Check out the video, "what happens to your Clunker"!
What is reused? It's a slim list!
http://www.cnn.com/2009/US/08/03/clu...ml#cnnSTCVideo