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| Economy |
| Dealers Race to Get Their Clunkers Crushed |
| 2009-08-01 |
| Posted by:GolfBravoUSMC |
| #7 Someone also pointed out that if you bought a car several years ago that got good mileage, you are not eligible for the 4500 bucks. If you were selfish and bought a gas guzzler, you get rewarded now. |
| Posted by: Rambler in Virginia 2009-08-01 22:59 |
| #6 Some people are arguing that this pulls demand from later in the year which could lead to a sales slump in six months. |
| Posted by: Keystone 2009-08-01 22:22 |
| #5 The problem being worked on putting autoworkers to work. To do that you need to increase demand, which happens when you reduce supply. Removing these used cars (which are replacement goods for new cars) reduces the supply. While the waste reduces the overall wealth in the system, it should help the automakers. |
| Posted by: flash91 2009-08-01 22:04 |
| #4 I read the article, what they're doing is crazy, they're destroying the engines and shredding the body. These morons don't know the engine's not the problem, it's the final gear ratio, take an oil burner yes it's in need of either scrapping or rebuilding, but to simply destroy it is nuts. These idiots obviously know nothing about the way a car works internally. I had a ford Station wagon with an automatic, I prefer a Standard, so I switched the trans, the mileage jumped to 28 mpg, because the axle ratio on an automatic is Higher than a standard shift Take identical cars a standard shift may be geared 3.48 and the automatic will be geared 3.08 a built in overdrive right there. When they went to locking torque converters this stopped(Same as a clutch, locks up with no built in slippage). This way the engines cannot be used for parts or rebuilt, STUPID. |
| Posted by: Redneck Jim 2009-08-01 21:23 |
| #3 What it does is it destroys productive assets. And you could get money circulating through the economy by leaving buckets of cash on street corners. This is a subsidy to GM etc disguised as a Green policy. |
| Posted by: phil_b 2009-08-01 21:00 |
| #2 A certain lack of foresight in setting up the program, which we've come to expect from the current administration, but this one gets rid of excess car inventory and quickly gets money circulating through the economy. |
| Posted by: trailing wife 2009-08-01 17:27 |
| #1 Who could of predicted that so many people would want free money. |
| Posted by: phil_b 2009-08-01 12:08 |