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"Cash For Clunkers" info the MSM isn't telling us. Don't participate!

 
Anonymous Coward
User ID: 746732
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08/11/2009 12:41 PM
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"Cash For Clunkers" info the MSM isn't telling us. Don't participate!
Cash for Foreigners

As usual, the main stream media is not telling you the whole story about the "cash for clunkers" gimmick. I guess that's my job. The whole story is that the vast majority of taxpayer dollars, like TARP funnel-through AIG dollars and the $1/2-TRILLION Federal Reserve swap arraignments with foreign central banks, are stimulating foreigners...again. It may as well be called "cash for foreigners!"

According to Transportation Department data, FOUR of the top five models sold so far under the gimmick known as "cash for clunkers" program, are made by foreign automakers. It makes one wonder how truly inept Congress really is. Were the microcephalic idiots aiming to boost the US auto industry - or foreign automakers? Are they even capable of thinking?

The cars, according to government data, are; the Ford Focus, followed by Toyota's Corolla, then Honda's Civic, and Toyota's Prius and Camry. Doesn't that just make you feel all warm and fuzzy inside?

In fact, our thought-challenged friends in Congress are so enamored with giving YOUR TAXDOLLARS away to FOREIGNERS that they just passed a new bill to steal another $2 billion from you for this very purpose.

Moreover, transferring money from taxpayers to car buyers is exactly that: a transfer. The money taken from taxpayers can't be used for something else.

But the absurdity doesn't end there. The government is not creating GDP; it is only pulling future demand forward to today. The "cash for foreigners" plan also demands that useful assets (working vehicles) be destroyed. Why would we demand that we destroy assets? This is madness. And finally, these consumers are cashing in their PAID UP vehicles...to go deeper into debt with these new cars. Again, more madness brought to you by the clown-posse in Washington DC.

James Hamilton, professor of economics at University of California, San Diego, says cash for clunkers adopts the worst of the New Deal policies and adapts it to today's circumstances.

The Agricultural Adjustment Act of 1933 "paid farmers to slaughter livestock and plow up good crops, as if destroying useful goods could somehow make the nation wealthier," Hamilton writes on his blog. "And yet, here we are again, with the cash for clunkers program insisting that working vehicles must be junked to qualify for the subsidy."

You can just hear it in Professor Hamilton's voice - the whole idea is short-sighted at best and flat-out stupid at worst.

[link to blog.secretsoftraders.com]
Anonymous Coward
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08/11/2009 12:44 PM
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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
Let's put the info about the rights you sign away, the agreement to allow background checks, etc... that belongs here.

anonstoner
Anonymous Coward (OP)
User ID: 746732
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08/12/2009 02:04 AM
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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
Just in case anybody else cares...
Exciter

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08/12/2009 02:10 AM
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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
Great post, OP....and pinworthy!
Reality is BS

User ID: 747137
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08/12/2009 02:15 AM
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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
They know the best way to compromise people is through their greed and prejudice. Tell them they can have free stuff and they will get on board for anything.
SoSayWeAll
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08/12/2009 02:16 AM
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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
Never owned a Japanese car, and never will. It's the PRINCIPLE of the thing. Simple really, if you're the kind of individual that values your nation and your economy more highly than the almighty BUCK.

Too damn bad there's not more of us!
XHIBIT

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08/12/2009 02:18 AM
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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
Coupled with the fact those CLUNKERS have catalytic convertors.
When opened, they contain platinum.
So somebody is making a pretty penny.
Anonymous Coward (OP)
User ID: 746732
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08/12/2009 02:21 AM
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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
That's not to mention the added taxes, higher insurance rates, new loan payments. Really, most people who drive these so-called "clunkers" (myself included) are driving them around because they are a) already paid for, and b) not able to afford a new car in the first place. But I think people see this carrot dangled in front of them, and rush out to get a new car without thinking of the additional costs and financial burden. Terrible, terrible program.
Reality is BS

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08/12/2009 02:22 AM
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That's not to mention the added taxes, higher insurance rates, new loan payments. Really, most people who drive these so-called "clunkers" (myself included) are driving them around because they are a) already paid for, and b) not able to afford a new car in the first place. But I think people see this carrot dangled in front of them, and rush out to get a new car without thinking of the additional costs and financial burden. Terrible, terrible program.
 Quoting: Anonymous Coward 746732

It's a great program for those who want to enslave us. To many of us aren't awake to the game yet and continue to let them wrap us in chains.
Anonymous Coward
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08/12/2009 02:37 AM
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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
You are so right! My sister was all excited until I told her to STOP & LOOK BOTH WAYS!

Why would you take your paid for clunker to get $5000 towards a $30,000 loan on something the depreciates?

She said, "NO, the car can be like $10,000".

(Sigh) plus interest, taxes, insurance, plates/title, repairs on computer chips, etc. Plus,

The $5000 will be counted as INCOME , so you will be triple taxed.

Plus, if they give you 5k and you come up with 5k+ interest then why not buy a new used car for 5k cash and leave the gubermint out of it? And keep your clunker!

She thought about it a quick second and said, "oh yeah"

Free Money does make people do dumb things because they think they are getting a deal.

My sis put her clunker in the shop the cost $350 bucks. I told her for another $500 she can get it de-rusted and painted and make it look newer.

(Shrug)
Anonymous Coward
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08/12/2009 02:44 AM
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Hey Nissan, Toyota, etc are now assembled in America. Ford is made outside of the US. Heck, we just add seats and stamp it as final assembly Detroit, Mi. We have a few powertrain plants operating to make things appear like factories are still operating. But, the parking lots here in Detroit are very vacant and there are no more third shifts it seems.

So, what was foreign made is truly American made and viceversa.


The parts themselves are made wherever. All new cars are patchwork quilts.
Anonymous Coward (OP)
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08/12/2009 02:46 AM
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It's madness. Using our own money to put us deeper in debt, and we then turn around and put that money into the pockets of foreign companies. This is one of the more blatant screw-jobs that I have ever seen. And to label it a "stimulus" program is just sick. It's only stimulating the bankers, insurance corps, and foreign economies.

I hope the new foreign car models come with a substantial supply of lubrication.....and I don't mean oil.....
Anonymous Coward
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08/12/2009 11:23 AM
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.
Jimmy2times
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08/12/2009 11:33 AM
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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
Does anyone else not see a "Repo Crisis" in our country's future.

From housing crisis to car financing crisis.

People who can't afford a new car (the reason they are driving "clunkers") are now being suckered into a monthly payment and insurance that in the not too distant future, they will not be able to pay for (once they get laid off).

The people in D.C. have little interest in what is good for the U.S. and are only interested in lining the pockets of family and friends as well as themselves.

This was just a not to clever way to steal taxpayer money.
Anonymous Coward
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08/12/2009 11:35 AM
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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
Does anyone else not see a "Repo Crisis" in our country's future.

From housing crisis to car financing crisis.

People who can't afford a new car (the reason they are driving "clunkers") are now being suckered into a monthly payment and insurance that in the not too distant future, they will not be able to pay for (once they get laid off).

The people in D.C. have little interest in what is good for the U.S. and are only interested in lining the pockets of family and friends as well as themselves.

This was just a not to clever way to steal taxpayer money.
 Quoting: Jimmy2times 737547

bump
Anonymous Coward (OP)
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08/12/2009 09:06 PM
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YO
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08/12/2009 09:15 PM
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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
Not to mention the fact that tens or even hundreds of thousands of perfectly good used cars are being destroyed. This is so wrong on so many levels. It's bad for the environment, hurts a lot of people who might only be able to afford to buy a "clunker," and it also hurts charities that rely on vehicle donations. What a disgusting and immoral decision it was to ruin all these vehicles.
Anonymous Coward
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08/12/2009 09:16 PM
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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
good post op....

tptb is still fleecing anyone with any wealth left

of their cash because they see the end is near. any new

programs are designed to strip the sheeple that still think

the economy is just fine since they are still employed for

now....by december they will regret getting in deeper debt.
Anonymous Coward
User ID: 745289
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08/12/2009 10:10 PM
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And another thing.

the new cars all have electric computer do-dads in them...one little pulse weapon and you are not going anywhere...EFI won't work.

old clunkers...venturi carburetor...you may have to adjust the idle and choke but you can at least be mobile.
Anonymous Coward
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08/12/2009 10:13 PM
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and black boxes
and beacon trackers
and lojacks
and who knows what else

with a flip of the switch...you can't make a run for it
Anonymous Coward
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08/12/2009 11:56 PM
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bump
snark

User ID: 572354
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08/13/2009 12:32 AM

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Not to mention this program was modeled on a similar one in Germany...which has been RIPE with fraud. Seems all of the clunkers aren't being destroyed, but are being re-sold. But that would never happen here, right?!
T For Texas, T For Tennessee!


The virtue of courage is a prerequisite for the practice of all other virtues, because otherwise one is virtuous only when virtue has no cost. There are times when something needs to be done, and yet we know that if we step up and do this needful thing, we will pay a heavy personal price. -C.S. Lewis
mopar28m
Lev. 23:33-44

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08/15/2009 01:05 PM

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Re: "Cash For Clunkers" info the MSM isn't telling us. Don't participate!
Coupled with the fact those CLUNKERS have catalytic convertors.
When opened, they contain platinum.
So somebody is making a pretty penny.
 Quoting: XHIBIT


Actually, they aren't.

My husband & I visited the Chrysler dealer yesterday to ask about the cash for clunkers program. The engines have to have some sort of stuff poured into them, ran for 10-15 min. & they are seized up. The rest of the vehicle is crushed, nothing can be parted out.

We went thru the area for the Cash for clunkers program. There were quite a few cars that would be affordable transportation for the poor people. There was one truck that we would have bought for a full size pick up.

Its ridiculous what the program is doing to the low income people.
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