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DavidB
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Posted: Sat Jun 20th, 2009 07:44 pm |
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I found it the last week, but it seems to have disappeared.
However, you can bet that limits will be imposed and it will be based on total household income. Otherwise the people paying all the taxes in this country could actually receive a benefit from it. That is the opposite of what this administration is trying to accomplish. All descriptions of this plan refer to it being directed at 'low to middle income' Americans.
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clu
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Posted: Sat Jun 20th, 2009 06:45 pm |
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DavidB wrote: Yes. YES WE CAN! That is unless you exceed the income limits for this new 'stimulus'. Wealth redistribution... engage.
I could not find the income limits. Anyone know where to find them or what they are?
Hmm... maybe I could have my wife do it instead of me. A stay at home housewife definitely must qualify ?!?
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DavidB
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Posted: Sat Jun 20th, 2009 04:50 pm |
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Cash for clunkers... hmm.
You know I drove a clunker for a large part of my life. I drove the clunker because I couldn't afford a car payment.
So the idea here is to entice people who likely can't afford a car payment to purchase a brand new car. With the gift from the taxpayer, they now can qualify for even more car that they can't afford. It is likely that many of these people will default on these loans. Gee.. does any of this sound familiar? What could possibly go wrong?
So since we own GM, does this mean we are now bailing ourselves out? I'm getting confused.
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DavidB
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Posted: Sat Jun 20th, 2009 04:36 pm |
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clu wrote: Can I go buy a clunker at the junkyard for $100 and turn it in for $4500 towards credit to a new car?
Yes. YES WE CAN! That is unless you exceed the income limits for this new 'stimulus'. Wealth redistribution... engage.
Oh, and the best news is you can use it to buy a new Honda or Toyota.
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clu
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Posted: Sat Jun 20th, 2009 04:16 pm |
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Anyone read the bill?
Can I go buy a clunker at the junkyard for $100 and turn it in for $4500 towards credit to a new car?
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therenow
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Posted: Wed Jun 17th, 2009 04:37 pm |
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| yes..the limit is the patience of the voter...which hopefully expires in 2010 . What we need are some conservative candidates to speak out on the insanity and get the ball rolling.
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GSBill
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Posted: Wed Jun 17th, 2009 03:29 pm |
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DavidB wrote:
Another disastrous plan. This one is RIPE for corruption.
Is there a limit?
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DavidB
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Posted: Wed Jun 17th, 2009 01:50 pm |
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| Another disastrous plan. This one is RIPE for corruption.
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CrimeFighter
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Posted: Sun Jun 14th, 2009 03:24 pm |
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| I guess this is the new world order of car subsidies now that the government owns GM. Here's how it works: pay people a subsidy larger than the profit on a car, then sell them a crappy, poorly designed and constructed GM car, then tell the taxpayers that the company the government took over is making a profit, even though its a huge net loss to taxpayers because we also paid for the subsidy. The Einsteins in government are at it again.
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bobthebuilder
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Posted: Sun Jun 14th, 2009 04:20 am |
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Along the same lines of why should I turn in my clunker that runs just fine and has no car payment for a rip-off new car with a fifteen to twenty thousand debt that goes along with it.
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CrimeFighter
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Posted: Sat Jun 13th, 2009 03:43 am |
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I'm dumbfounded by the stupidity of this legislation. This can't possibly pass the Senate. There must be someone with a shred of common sense who thinks: "why on earth would we pay people $4500 of taxpayer money for a car that we are going to crush up and use for nothing but landfill filler"?
http://online.wsj.com/article/SB124485495153311725.html
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