It created artificial demand to further prop up the auto industry, and artificially boost new car sales. Why does it have to be a brand new car to qualify? Why can't I take my 1990 gas guzzler and trade it in for an '07 jetta? Just another government program that is done in the name of something positive (environment) but has an ulterior motive.
It created artificial demand to further prop up the auto industry, and artificially boost new car sales. Why does it have to be a brand new car to qualify? Why can't I take my 1990 gas guzzler and trade it in for an '07 jetta? Just another government program that is done in the name of something positive (environment) but has an ulterior motive.
The assholes in Washington used 3 billion stolen dollars to encourage people to buy something that, as defined by the very letter of the law, they did not need. To trade your "clunker" in it had to run and it had to have been insured for at least the past 12 months, in other words a functioning automobile. The law also dictated that these functioning autos be destroyed. An additional benefit is that the lucky participants of this wonderful program are now burdened with extra debt from these un-needed purchases for years to come.
In the end however we are all winners. You got to help your neighbor accrue unneccesary debt by buying a car he didn't need or know he wanted. This new car gets at least one mile per gallon better mileage so we delay global warming by eons, and finally some knuckle dragging high school drop out in Detroit gets a few more exorbitant pay checks.
I hope this clears things up.
The assholes in Washington used 3 billion stolen dollars to encourage people to buy something that, as defined by the very letter of the law, they did not need. To trade your "clunker" in it had to run and it had to have been insured for at least the past 12 months, in other words a functioning automobile. The law also dictated that these functioning autos be destroyed. An additional benefit is that the lucky participants of this wonderful program are now burdened with extra debt from these un-needed purchases for years to come.
In the end however we are all winners. You got to help your neighbor accrue unneccesary debt by buying a car he didn't need or know he wanted. This new car gets at least one mile per gallon better mileage so we delay global warming by eons, and finally some knuckle dragging high school drop out in Detroit gets a few more exorbitant pay checks.
I hope this clears things up.
It created artificial demand to further prop up the auto industry, and artificially boost new car sales. Why does it have to be a brand new car to qualify? Why can't I take my 1990 gas guzzler and trade it in for an '07 jetta? Just another government program that is done in the name of something positive (environment) but has an ulterior motive.
It created artificial demand to further prop up the auto industry, and artificially boost new car sales. Why does it have to be a brand new car to qualify? Why can't I take my 1990 gas guzzler and trade it in for an '07 jetta? Just another government program that is done in the name of something positive (environment) but has an ulterior motive.
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