Comments on: Cash For Clunkers Over Already? http://cashmoneylife.com/cash-for-clunkers-over-already/ Money Management, Small Business, Career Wed, 23 May 2012 21:16:10 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: fredct http://cashmoneylife.com/cash-for-clunkers-over-already/#comment-19203 fredct Tue, 04 Aug 2009 12:29:13 +0000 http://cashmoneylife.com/?p=1747#comment-19203 Sorry to comment on this again, but something interesting occurred to me. The meaning of "pork" in political terms has a very specific meaning. It's money dedicated to a particular congressman's district, often for one particular project that benefits no one else. It's considered wasteful because it benefits only that narrow focus, where there may be better uses for the money even to that beneficiary. How you call a program "pork" when it's nationwide, benefits tens of thousands of all different stripes around the country, I don' t know. Now you don't have to agree with the program, but throwing around the word "pork" for anything you don't like is kinda silly. Sorry to comment on this again, but something interesting occurred to me. The meaning of “pork” in political terms has a very specific meaning. It’s money dedicated to a particular congressman’s district, often for one particular project that benefits no one else. It’s considered wasteful because it benefits only that narrow focus, where there may be better uses for the money even to that beneficiary.

How you call a program “pork” when it’s nationwide, benefits tens of thousands of all different stripes around the country, I don’ t know. Now you don’t have to agree with the program, but throwing around the word “pork” for anything you don’t like is kinda silly.

]]> By: fredct http://cashmoneylife.com/cash-for-clunkers-over-already/#comment-19190 fredct Mon, 03 Aug 2009 17:04:59 +0000 http://cashmoneylife.com/?p=1747#comment-19190 Just as I predicted to Ryan... possible to declare it a total success or a total disaster depending on what facts you wish to pick & the perspective you are predisposed to take. Just as I predicted to Ryan… possible to declare it a total success or a total disaster depending on what facts you wish to pick & the perspective you are predisposed to take.

]]> By: DDFD at DivorcedDadFrugalDad http://cashmoneylife.com/cash-for-clunkers-over-already/#comment-19176 DDFD at DivorcedDadFrugalDad Mon, 03 Aug 2009 07:01:17 +0000 http://cashmoneylife.com/?p=1747#comment-19176 Sorry, but this is another pork-program disaster designed to bailout the auto industry that we taxpayers will ultimately regret. Sorry, but this is another pork-program disaster designed to bailout the auto industry that we taxpayers will ultimately regret.

]]> By: Manshu http://cashmoneylife.com/cash-for-clunkers-over-already/#comment-19156 Manshu Sat, 01 Aug 2009 02:20:36 +0000 http://cashmoneylife.com/?p=1747#comment-19156 The latest is that they replenished the program with 2b more. The latest is that they replenished the program with 2b more.

]]> By: fredct http://cashmoneylife.com/cash-for-clunkers-over-already/#comment-19153 fredct Fri, 31 Jul 2009 17:28:49 +0000 http://cashmoneylife.com/?p=1747#comment-19153 Hank, that may be true, but what percentage of those sales qualify for the program? Certainly not all of them. Not everyone is trading in a low mileage car, or any car at all for that matter. Not all of them are buying new cars with high enough mileage to qualify. Knowing what percentage of purchases qualify - 10%? 25%? 50%? - is a vital piece of information missing from your math. Hank, that may be true, but what percentage of those sales qualify for the program? Certainly not all of them. Not everyone is trading in a low mileage car, or any car at all for that matter. Not all of them are buying new cars with high enough mileage to qualify.

Knowing what percentage of purchases qualify – 10%? 25%? 50%? – is a vital piece of information missing from your math.

]]> By: Hank http://cashmoneylife.com/cash-for-clunkers-over-already/#comment-19152 Hank Fri, 31 Jul 2009 16:56:13 +0000 http://cashmoneylife.com/?p=1747#comment-19152 The simple math will tell you that there was no way that the program could last more than a few weeks no matter what Congress did. If the new average new car sales are in America are in the 9 million unit range, down from 13 million at its peak, that would equate to approximately 750k cars sold a month or 187,500 new cars a week. Are we really surprised that Congress' poor solution ran out of money? There wasn't enough money allocated to the program to start with. The simple math will tell you that there was no way that the program could last more than a few weeks no matter what Congress did. If the new average new car sales are in America are in the 9 million unit range, down from 13 million at its peak, that would equate to approximately 750k cars sold a month or 187,500 new cars a week. Are we really surprised that Congress’ poor solution ran out of money? There wasn’t enough money allocated to the program to start with.

]]> By: ChristianPF http://cashmoneylife.com/cash-for-clunkers-over-already/#comment-19148 ChristianPF Fri, 31 Jul 2009 16:00:05 +0000 http://cashmoneylife.com/?p=1747#comment-19148 Sally, that is interesting, I have heard similar things, just about how unorganized and rushed the whole thing was. It is always important to think through the details! Sally,
that is interesting, I have heard similar things, just about how unorganized and rushed the whole thing was. It is always important to think through the details!

]]> By: Sally http://cashmoneylife.com/cash-for-clunkers-over-already/#comment-19147 Sally Fri, 31 Jul 2009 15:55:22 +0000 http://cashmoneylife.com/?p=1747#comment-19147 Read this article: The Real Reason for the "Cash for Clunkers" Suspension. The ex car salesman blog shares exactly why they stopped the program. Even reports that some sales managers are calling asking for the money back because they were denied the rebate when the final paperwork was submitted but their car was already ruined by dumping a solution in the engine. They now have no car. Scary. See: http://tinyurl.com/ml9sdo Read this article: The Real Reason for the “Cash for Clunkers” Suspension. The ex car salesman blog shares exactly why they stopped the program. Even reports that some sales managers are calling asking for the money back because they were denied the rebate when the final paperwork was submitted but their car was already ruined by dumping a solution in the engine. They now have no car. Scary. See: http://tinyurl.com/ml9sdo

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