The Cash for Clunkers program is getting a lot of credit for a surge in July car sales.
Right now, though, the wildly popular program is running on fumes.
If the Senate doesn't approve another $2 billion in funding this week.
The White House says the program will have to be junked.
We want to know what you think about the Cash for Clunkers program. Do you support more funding of the program? Have you used the program? Will you use it? Tell us your thoughts.
Read more: Which clunkers are being traded?
What a waste of precious resources and a slap in the face of people who need cars. Why not Donate the Cash for Clunkers cars to poor people or the Salvation Army or other agencies so that homeless,jobless,car less people need a little help to pull their head out of water in this disastrous time of no jobs. People have lost their cars,homes,families......why waste these nice cars that are precious resources. Its such a waste to destroy a perfect car. All of the fuel and energy to build these cars and to destroy these cars......what a outrageous thing to do. I thought fuel,steel and other precious things where in short supply.....and we were looking for ways to save energy
I have seen some really nice late model family vehicles less than 10yrs old going to the scrap heap and their engines being destroyed....WHY???????? WHY NOT MAKE THIS A WIN>>>WIN?????
Please ask Obama and our leaders to explain why people who need a car can't use these nice cars????
Urge him not to give Americans a excuse or a form letter response!
this is a joke and more tax money out the door again we the american tax payer will pay for and it will only help the car companies til it stops and then watch the big three fall and the billions of tax payers money is lost for some reason the people don't have a say so on anything our government does anymore .
Sad thing is not one job will be created over this welfare giveaway! Dealers are just off loading excess inventory, it wont get the car makers back to work because as soon as the free giveaway is done it will be done and the car manufactures know this! Its a big fat welfare giveaway to people who deserve it the least! No one gave me a huge downpayment for a car, house or cell phone! Its time to stop giving people who either dont work or work very little all the middle classes wealth!
You might think twice about using this welfare program, your kids and grandkids will be paying for Obamas free giveaways and thats a fact! To all of us middle class out there you better think twice before voting for Robin Hood because he will raise our taxes to pay for his generousity programs for the poor! People in this country never think before they act, its just give me more, more more of someone elses labor! I say to poor people out there if you really want a new car either work for it or go without!
Just another welfare program so poor people who could not afford a new car to begin with now can get one they didnt work for! It is also a welfare program for the auto industry in which 2/3 of the domestic already recieved bailouts! I voted for Obama because this country needs change but I diod not know I voted for Robin Hood and Joe the Plummer had it right all along, it would be a redistribution of wealth earned to people who dont work! 6 months from now there will be a slew of repo`s because these same people who got helped out still can afford the payments! Got fooled once but wont ever get fooled again at least with republicans in office I can keep more of what I earned and not have it taken from me to give to someone who doesnt work as hard!
I was in a tight spot for the past month when my transmission went in my jetta and I had to bum rides to work everyday. I found out about the cash for clunkers and had a running jeep that sucked gas like crazy! I brought it to the Toyota dealership, which was almost closing, and she said it qualified. So she showed me to the car that would fit me, and i loved it. By the time we were done talking the dealership was closing. We set up an appointment for Monday at 10 am. and when I started signing the papers for the car she came up to me and told me "Cash for Clunkers" is bankrupt so I have to wait until they pass the 2 billion dollars. So please ladies and gentleman of the senate pass the bill i need a safe and reliable car!
Definitely support the cash for clunkers program. Congress should ex tend funding as it is giving the economy a much needed boost right now. Hey it's working so let's keep it going!
Don't count Obama out – he is very calculating. 1 Billion dollars is not even a drop in in the bucket. The intent of the government is not to stimulate the economy based on one weeks worth of car sales, but to drum it up in the media to create a false sense of comfort in the economy. The govt gets big bang for the buck from the media for almost nothing as a result of this program.
You want to stimulate the economy: stop exporting quality jobs and importing workers. I work in an industry (Technology) flooded by foreigners on visa's. There are very few that can do the job any better than an american assuming they had the same level of training.
India, China and others have a highly educated work force and we need to focus on Education before they replace our standing in the world and we become what they once where.
My neighbor is being rewarded for many years of pollution and gas guzzling. He should be the one paying more tax to drive that gas guzzler. Why should those who abused the system greatest get the greatest reward?
With EVERYTHING the President does, on cue, there is a torrent of hot air blowing Republican to express his utter disgust. This SHOW is getting tired. The lines are like a script and every so called opponent and FOX NEWS are in step. It AMAZES me that the party that claims so much. being innately moral superior, fiscally responsible, small government, etc. etc, hadn't show ANY OF THE ABOVE. EVER! So why do people keep falling for the these so called enlightened and concerned tactics? This is ALL POLITICS and STATUS QUO.
HEALTH CARE REFORM iS THE REAL FIGHT HERE. PAY ATTENTION. This is all about undercutting the President. Which in return is undercutting the average American. Attacking the president at every step doesn't hurt the Republicans any more than they already are. This is the dysfunctional, corrupt spin machine that lost to HOPE. PAY ATTENTION. There is nothing being offered of great value from the losing party that hasn't benefitted the lobbyist that have besieged their offices.
The PARTY OF NO is about as sincere in it's concern for the american family as a slum land lord is for his/her tenants. The eight years of deafening silence and TOTAL complacency followed by these last 6 months of report cards, tea party's and partisan political outrage is more than bipolar. it's PHONY.
Know what is really going on. We've got a President who is fighting tooth and nail for a better life for ALL. HEALTH CARE REFORM is NEEDED BY ALL. ESPECIALLY WITH THE PUBLIC OPTION. 99.9% OF THE OPPOSITION TO IT IS POLITICAL AND SUBSIDIZED BY THE INDUSTRY THE STANDS TO LOSE THEIR WINDFALL PROFITS. PERIOD. http://www.pbs.org/moyers/journal/07102009/watch2.html
Again all this noise about cash for clunkers, stimulus, Sotomayor, etc. it is just more political pot banging to keep you from thinking intelligently, but out of alarm and fear. From remembering that we voted for CHANGE WE CAN BELIEVE. You really think John McCain, and quitter Sarah Palin would have done better with this UNFATHOMABLE sets of crisis? Try to FIX HEALTH CARE? I doubt ANYONE would have faired much better than the President has. I know what I voted for and it wasn't for the status quo and ignorance. I know what's going on. DO YOU? WAKE UP! http://www.pbs.org/moyers/journal/07102009/watch2.html
A – The gov't handed the money to the private sector to pay for those bonuses. Of course this is everyone's tax money. People don't seem to understand that if you are going to give money out you are better off giving it in smart ways. These million dollar bonuses are not reentering the economy. The cash for clunkers does. If fact I have to go today and pay the taxes on my new car.
As for everyone saying that you shouldn't give to foreign automakers, you guys know that they build Nissan's in Tennessee right? In Alabama they have Toyota, Honda, and Mercedes. I believe they are building Kia's in Georgia now.
I am totally opposed to this program and other govt "CHEESE" handouts.
No body gave me a deposit for my cars or my home for that matter.
At the end of the day and after the program is finished I wonder if we will see the reports breaking down the sales figures:
Of the percentages, how many US/foreign car manuf were most helped and drilling deeper; "how many jobs it has saved or created" in the US.
Just an additional thought for those folks who think the cash for clunkers program is helping out the "American" auto industry, it's applicable to ALL auto sellers, take a peek in your local Kia, Honda or Toyota dealers showroom & you'll see how much of this "Clunker" cash is really ending up in Japan & Korea!
Look beyond auto sales. The additional Ad Valorem Tax benefits cities, counties and states revenue. New tag fees go to the states. The NEW insurance premiums boost local insurance agency's income. The additional Sales Tax produces more revenue for cities, counties and states. It's a Win Win for a lot of people, not just car dealers and buyers. It's NOT a give away as some republicans keep saying.
This taxpayer supported program will not create one new job in the American Auto industry. It would be interesting to know how many American made cars are being bought with our tax dollars.
This is all about the whining thumb sucking car Unions that make junk unreliable inefficient cars and they still can't figure it out, duh ? Where were they when the many computer companies and steel mills were going under, huh ??? Nobody shed a tear for them !
All of this artificial insemination Obamanomics is just a band aid knee jerk solution and is of no long term value. The real solution is to make EVERY state a "right to work" state and bring jobs back here by taxing companies heavily that farm out jobs and manufacturing overseas.
USA first !!!
This is a perfect example of a well thought out plan that actually works. The numbers don't lie, and no they won't be doing the same thing with every other industry because they were not hurting as much as the automotive industry and they also did not have such a big impact on the economy, which has left thousands unemployed. This is actually stabilizing the economy in the short run by returning confidence to the consumers.
I just heard Sen. Jim DeMint (R-SC) tell John Roberts that the cars would have sold anyway even without the Cash for Clunkers program.
That is just not true and it is highly flawed reasoning in my opinion. That is like a store having a very huge sale and Jim DeMint saying that the same products would have sold anyway even without the sale. Jim DeMint should know that is just not how it works and I think that he intentionally wants President Obama to fail just like how Rush Limbaugh does!
I also think that Jim DeMint's idea of giving people $5000 a year to buy health care on their own is a very bad idea because health care costs without insurance are so expensive that a sick person could spend that entire amount within a day, a week or a month depending on what is wrong with them and how much follow up medical care that they may need. One amount ($5000) does NOT fit all people!
However President Obama's health care ideas are not specific and transparent enough yet in my opinion which is why I am glad that Congress delayed the vote. I think that ANY health care program which is passed MUST be fully transparent where we will know exactly what it will cost, exactly how it will be paid for, exactly who it will cover, and exactly what it will cover.
There definitely cannot be any unknowns with a new health care program that will cost a lot of money and which will have long term consequences for so many people. I need to see full transparency and I need to know all of the specifics first before I will support any health care program that President Obama tries to pass!
This program is working and is helping everyone involved. They should definitely continue it. It is so typical of the Republicans who are only interested in disagreeing with the President and "Stopping" him at any cost. Their disagreement with this program is pure politics and has nothing to do with what is good for the country. Frankly, I believe they really don't care! They would do whatever advances their stupid agenda. Every day I become more and more convinced that the Republicans don't really care about the people. What a selfish, blind shameful bunch! I hope they can stay a minority for ever.
Cash for clunkers does more harm than good and uses taxpayers dollars on top of it all. The energy being saved on trading in more efficent cars is offset by the energy used to produce parts and more cars to replace the ones that are beinf shredded insteadof recycled. Older cars on the road won't be able to be repaired because of the lack of recyled parts effecting the poor, elderly, unemployed and young who need cheeper cars to drive and maintain. These clunkers will die a natural death of their own without the goverment buying them.
John Roberts should have asked Sen. DeMint what American made TVs we are supposed to buy,there aren't any. We should be sending our cash for clunkers money to China? Or Taiwan? Or Japan? When will they learn, that until we start leveling the field with our trading partners,that the quality of life is going to continue downhill in this country.
I think this is a great program for people like myself who otherwise couldn't afford a new car. Unfortunatly, I had a local dealer tell me this past Friday that I had to buy TODAY because they were not offering the program past Fri. Hopefully the Senate will pass the funding bill to get this program back on it's feet so I can use it. It's dissappointing when a Government program designed to help the middle class runs out before everyone gets a fair chance to use it.
While “Cash for Clunkers” may (or may not) be assisting an auto industry that has been given far more than it’s deserved share of assistance in the past 9 months, the community college students I teach are scrambling to figure out how to fill holes in their budgets created by last minute and unexpected changes in grants and aid. I am surely not as smart as the policy makers who think up such programs as “Cash for Clunkers” and other ways to provide corporate welfare, but I do have several years of experience seeing the generational and far reaching impact a college education can have on an individual and his or her family. While the auto industry is rewarded for outdated and ridiculous business practices, our students are penalized, delayed and possibly discouraged from continuing their education. Give $4500.00 to each first generation college student who finishes an associate’s degree and you’ll see far more stimulus than the same amount provides an individual who trades in a “clunker” for an overpriced new vehicle or the auto industry that has already squandered our money and trust.
Professor, Criminal Justice/Paralegal
Illinois Central College, Peoria, Illinois
Let me see...trade in my perfectly good vechicle for a new car payment and a higher insurance premium....makes sense to me especially in a recession...if the Democrats underestimated this program imagine what the real cost of socialized health care will be!!!!!
I used the program and I would not have bought a new car without it. The statement by the Senator this morning stating people would have bought the cars without the program is incorrect, in my opinion. I have doubled my gas mileage and with the 4500.00 dollars from the program and the dealer rebates I have a reasonable monthly payment.
Program for average, hardworking Americans? I'm in that class and I don't get to take advantage of this program because my current car isn't considered a "clunker" although it has over 200,000 miles and is 12 years old. Hopefully this program won't come back to bite us in the rear. Think about it... We all are paying for more fuel effiient cars to be put on the road by either irresponsible people who bought gas guzzlers and can afford new car payments, or those who couldn't help what they drove, now have a new car payment to keep up each month. What happens when the majority of these people can't afford their car payment? Do the banks get butchered again?
Let's actually think before we fuel such a limiting program with more money. Look at others that have done it and adapt their successes.
I back Obama, but i absolutely agree that we have already bailed Detroit out and it's time to help other industries. If we want to jump start something, let's start giving rebates or incentives for those "green" industries like solar energy. Improvements like solar ,new air conditioning systems, etc. would help the economy and also jump start some of the new green industries that we need to come down in price for the average American.
tw78 – the government was not giving out million dollar bonuses, that's the private sector. The cars I have in my driveway I had to save and pay for myself and not use other tax payers money for it. So what if your minivan had 100,000 miles on it? That's the case for most people in this country. Congress's money is OUR money, the taxpayer's money and it's not there just to give out. You and everybody else are paying for this.
The stupidity of the senator on AM this morning is typical of the moronic republican viewpoints expressed by many. What they fail to understand is that cash flow is what this economy needs. It does not do any good to cut taxes for people who are not employed. If people are spending money then cash is flowing and somebody is earning a living and is able to spend some money. (what a novel idea). That is the purpose of this CFC program, stimulating the economy. Why can't this stupid senator understand this. Because he doesn't have any problems with Income.
Well, I suppose it works if you can afford monthly payments and higher insurance premiums. Trying to survive on a budget of about $32,000.00 a year BEFORE taxes, there is no way I can afford any additional payments. I spend about 65.00 a month on gas, own my car outright – 1993 Ford Probe that gets about 22 mpg LOCAL – and under 50.00 a month on insurance – I can't afford full coverage and the age of the car would get me almost nothing if it is totaled in any accident. Basically, none of the President's incentives have had ANY effect on my life at all. I wouldn't want McCann as president, but what has this administration done for the lower middle class (maybe we should be called the UPPER LOWER CLASS)? NOTHING!!!!!!!!!!!!! Even Medicaid clients get better health care and medicines than I do with my job's benefits!
Keep the "cash for clunkers" program going. While I do not need a new car now, I approve of my tax dollars' support helping the American mainstreet people; it's workers, automotive workers, suppliers, dealerships. All Americans now that as the automotive manufacturing industry in the US goes, so does the economy. It is better to help the masses than the super rich thieves that call themselves bankers and healthcare companies who steal from mainstreet at every opportunity. Any bureaucrat that is opposed to the succes of this program exposes themselves as greedy, obnoxious, elitist pigs.
I agree with Sen Jim Demint that our government needs to stay out of "tinkering" with the economy at the business level. Anyone who analyzes historical government stimulus will see that it has never had the "hoped for result" and has contributed to larger deficits without the benefit. This program is essentially giving the equivalent of a tax break to a highly specific group within the USA, which is about as un-democratic as possible. The second point, which is a more egregious problem in a democracy, is how this bill was initially passed. Attaching it to a bill that is completely unrelated, in a sense "hiding" it, should be absolutely illegal in the US. This practice is not so different from those in other countries our own legislators would call corrupt. It's time for Americans to wake up to this BS and force their representatives to cleanup this practice.
Two things; First off, Where is the incentive for those of us that were smart enough to ditch the gas guzzlers years ago when gas prices began to rise. Second, if the government wants to micro-manage the economy, and attempt to boost the auto industry, why don't they just forbid any forgein vehicles in the US. Better yet why don't they start a program called cash for forgin cars.
My fears concerning the "clunker" program are two fold, first, will car sales plummet once the funds are depleted?, and secondy, from the photographs/videos I'm seeing on TV, it appears that many very usable vehicles that could be made available on the used car market will be destroyed. I've seen rows of great 'looking' jeep vehicles that are a mainstay for folks living in country/farm country, but instead of being available for resale will be trashed instead, shame!
I'm not sure I understand the objection to the Clunker Bill. Primarily, it will put people back to work, who will then pay taxes and put money back into the system rathering than using it, am I wrong? It is also a good start to purifyng the earth's evironment which has been more polluted over the last 100 years than ever before in the history of the earth, right? Take a good look! Did the world population ever pollute as much as we all did over the last century? Everyone should think about in those terms. Can you imagine what it is going to be like 100 years from now? Someone has to start somewhere – it might as well be the greatest country on earth, right? Please think logically not selfishly!
IT'S REALLY AMUSING HOW THE REPUBLICANS , PARTICULARLY DEMINT, CAN SPIN A GREAT PROGRAM SUCH AS CASH FOR CLUNKERS.
THIS PROGRAM NOT ONLY STIMULATES THE ECONOMY, BUT ALSO GETS THESE POLLUTING CLUNKERS OFF THE ROAD; MAKING OUR COUNTRY A LITTLE GREENER, & IN THE LONG RUN, WILL LESSEN THE DEMAND FOR FOREIGN OIL SINCE THEY WON'T BE GUZZLING FUEL ANYMORE.
THE REPUBLICANS, OF COURSE, ARE ONCE AGAIN TRYING TO HELP THEIR BIG OIL CORPORATE FRIENDS.
THEIR ANSWER IS TAX CUT.....FOR THE RICH & CORPORATIONS!
i SAY KEEP THE CASH FOR CLUNKERS PROGRAM GOING!
WE/RE THINKING ABOUT BUYING A NEW CAR TOO ONLY BECAUSE OF THIS PROGRAM, OTHERWISE, WE WOULDN'T BE ABLE TO AFFORD IT!
IT IS SO OBVIOUS THAT REPUBLCANS HATE MIDDLE CLASS AMERICA.........I'D LOVE TO KNOW HOW MUCH EACH ONE IS GETTING IN "CAMPAIGN CONTRIBUTIONS" FROM CORPORATE AMERICA........LINE THEIR POCKETS & THEY'LL SPIN & LIE LIKE HELL!!
Not only is this successful it it appears to be a moral bootser. I see people at my work place buying a car when they would not have done so before. Others are excited for her success. It is making people hopeful for change, they are seeing a light at the end of the tunnell. If she can do it, so can I. Maybe not now but later.
People having been living under the stress of who's doors will close next, will my job still be here next week, next year. They need to see some positive things happening that will encourage them to also invest in our economy. BTW, I am in the mortgage industry, one of the hardest hit.
I helped my dad procure a vehicle under cash for clunkers. He was driving a vehicle that was inefficient and falling apart. He now has a modern vehicle that is more fuel efficient and more road worthy.
Arguments that we are taxing some to support others are short-sighted. This already happens for a variety of state and local taxes including school taxes. I paid school taxes for years before having kids and got no benefit. However, I understand the need to fund a school system. Taxes are about policy and this is solid policy... it drives car sales, improves the US "fleet" MPG making us less dependent on oil, and helps a bit with raw materials availability by generating additional scrap.
$700B for big banks that hand out bonuses to executives like candy, that is ok, but a few billion to help the hard workers in our country is looked upon with disdain. Something is wrong with that equation.
Why did the government pick the auto industry? Why not water heaters, windows and doors for our homes? These "clunkers" will be destroyed and create more waste. People could donate these "clunkers" to inner city families or college students who would be glad to have one to get to work or school and take a charity deduction. This government is throwing away money. And what's rarely reported is that people are buying foreign autos more than American! What's the point of all this? I would like a new house...maybe the government will be giving money away for that next month.
The Republicans that are against this program are just trying to sabotage all of the good that President Obama is accomplishing. Change takes bold measures, time,courage,faith and support.Republicans ran this country into the ground and left a mess .I support President Obama and the time has come stand up and make this country great once again.The hypocrisy is rampant !
I think cash for clunkers is a great stimulus. This is a good way to help the auto industry which has been bleeding jobs and to help people like me who spend a lot on gas buy a new more fuel efficient car. It is a targeted way to use my tax dollars to help reduce my dependence on the oil industry, help the environment, and help my finances all in one shot! Of course it's popular! It works, it helps so many things and even the little guy like me gets helped. It's about time that the rich aren't the only ones who get breaks.
I have used the CARS program and I feel that it is a good plan. It allows persons that could not afford to own a new vehicle to purchase one. This also will alow the same person to use that money that they would have spent on gasoline, repairs and other up keep of that clunker, to help the economy in other ways, by using that money to buy other large purchases. Most of these new cars get much better mileage and they all have a factory warranty. Who created this Recession are the same ones seeming to slow the recovery.
I just used the program. replaced a GMC 1999 with a lot less than 18 miles per gallon. The paperwork is more than the banks filled out to get billions which we still don't know where the money went.
The program is good for all who use it. I will use less gas. The auto company has to build another car which is employment for people.
Why do the people in DC not get it. I am sure the congressmen from Michigan are all for the program. We live in a land that is not equal for all
Sen Demint ought not state his opinion as fact. I just bought a new car that there is NO WAY I would have bought if not for the cash for clunkers. We were getting ready to sell my husbands 96 Land Rover. We were hoping to get $1500 out of it. Well, we got $4500. After trading in my minivan that has almost 100000 miles on it, we now have a new car and a very manageable $100 a month payment. I think if Congress is going to give out tons and tons of money it's about time that the average taxpayer can benefit from it. Finally it's not being giving out as million dollar bonuses to a few people.
The Cash for Clunkers is a good kick start for the economy. While I partially agree with Sen Dimint that some of these cars would have been sold anyway, without the incentive, by accelerating the sales, forces inventory levels to reduce, thus triggering more assembly of cars. Additionally, let’s not forget all of the smaller companies who feed parts and manufacture parts for the auto industry, the tier one, tier two and tier three suppliers. Those are the small businesses that have been chocked off by a lack of car sales. We need to look at the big picture. If we can inject some life into those suppliers and some additional income, then they will go out and buy electronics and other durable goods.
Cash For Clunkers-just another sick give-away program that is digging the U.S. deeper in debt-why don't you instead give tax incentives to businesses to keep them in the U.S. to help our economy. Our government seems to be leaning towards helping those less fortunate, or perhaps those that maybe don't want to work...These "programs" will have to be paid for, if not by us then by future generations-QUIT SPENDING – WE SIMPLY DON'T HAVE IT TO SPEND...This is the cold reality of our whole situation. I think I am going to have to switch my party affiliation.
The Senator for South Carolina opposing everything is simply a very negative person. He wants the country to fail.
I agree with the Senator fully, Washington simply can't micro (or even macro) manage the economy. Why should I have to pay for someone else to buy a car? I work for 3 months out of the year subsidizing government moronicism, show me ONE thing the government runs well and efficiently???
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy..." Alexander Tytler 1776
I don't think this is a good idea. I think this is a ploy to get people to downsize and it is putting us deeper in debt. I would not use this program.
The cash for clunkers program will save the american people billions of dollars in gas, taking money from "countries that wish to do us harm" boosting the american economy and making a cleaner greener planet.
I think this is a great program that has actually worked. It helps the auto industry, the dealerships, even the people who are buying the carts themselves. WE should continue to help fund this because the money will move out beyond the auto industry into the American economy.
The only reason Republicans/Conservatives don't want to refund this program is because A) the program actually works, B) it helps the majority of America, and C) they didn't think of it themselves.
I was in full support of the program because it is helping a lot of people afford newer cars, but I did not realize the bill was attached to another Emergency bill. I think we should take time to let Congress look over the bill to see what exactly it does, without being tricked into signing on to it. The program was a great idea, but like Senator Demint said, the program will help auto makers now, but what happens when the program is over? This seems like a temporary fix to me, but will it really help in the long run? I think the bill should be better examined before 2 billion dollars is put handed over to the program.
I will use it depending on the car and the monthly payments that I going to have, I don't want to get into a car payment that I can't afford
with this economy. Also they should give this money to US Car Dealers not to foreign like Toyota or Nissan.
I did participate in the cash for clunkers program and while well intentioned, it was administered in an extremely ineffective manner. The IT systems were well below the capacity required, the list of cars changed at the last minute, there apparently was not contingency plan if the money ran out quickly (no one still seems to know if and when it did), the rules were arbitrary.
There should be "lessons learned" from this that can and should be applied to any health care changes. We don't need to repeat this fiasco in an area that will impact every American.
The Cash for Clunkers program should NOT be funded any further. It was not thought through and as a result a small number of people have benefitted at the expense of the American taxpayer. This is just one more payback to the unions of the Auto Industry who backed Obama. Enough already!!
I would support the cash for clunkers if the standards for the new cars has a higher miles per gallon. From what I have heard people can get the cash for trading cars and getting only a few miles per gallon saving. Not good enough. I would rather see the money used for mass transit than cars in the first place. So if it car turn-over I want to see a big bang for the buck in terms of energy savings. I like the fact that people are put to work, but energy is a more pressing question in the long-term.
Look at the whole energy footprint of getting a new car versus keeping the current car and in many cases the energy footprint is less keeping the current car. Let's figure this energy imprint in any government policy.
I think the progam is a good thing. i,m not working and my old truck is not running good but now i have a change to get a new one and maybe with low payment . i could say alot but i,m going to try to keep my mouth shut so not to get into trouble.
Senator DeMint represents the typical Republican approach of tax cuts and trickle down that didn't work for the eight years of the Bush administration. He in particular and the GOP can't seem to come up with any innovation. Cash for Clunkers has been in effect in Europe for several years and continues to be a huge success. The trickle impact (to use GOP terms) is enormous – employment at dealers and car related businesses, lower emissions and better gas consumption, safer cars on the road and of course the sales of cars. It is not perfect nor is it the only solution; but it is important step that has proven results. Why stop something that is good and is working. I am a Republic and this Senator and the failure of the GOP to be leaders is my point of real disappointment.
I think this program is just another free give-away. I'm already paying through the nose for people who took out larger mortages then they could afford, now I'm paying through the nose for people who drive around in clunkers and get to buy a new car, partially at my expense? If they really wanted to help out the car industry and save jobs, they should have made the vouchers available to everyone, wether they trade ina clunker or not. Why is it that people who live within their limits and make sure not to have to fall back on others keep having to pay for everyone who thinks they don;t have to worry since 'uncle sam' will bail them out?
Anything that will help our economy is well worth it.
As the old saying goes,"You have to spend money to make money"
I think this administration is doing a far better job than the last one.
If only the GOP wouldn't block every little thing that is the President is trying to accomplish we'd be on our way to recovery.
Problem with this country is too many people have a feeling of entitlement! Newsflash, not everybody was meant or destined to drive a Cadillac! In fact most people were meant to drive Chevettes! Cash for clunkers is a free giveaway to those who couldnt afford a new car, my tax dollars should not go to someone to go and buy a car they couldnt afford in the first place. Its not the job or responsiblity of the tax payer to supplement the wealth of poor peoplethat dont work and sit around and complain about what they dont have!! Its called get off your butt and work for it just like the tax payer did!
Success? The government gave away $1B taxpayer dollars in a wealth transfer program that most TAXPAYERS can't use. I happen to buy a new car every couple of years, my cars are well maintained, up to date, and I support American manufacturers – by choice.
So Congress has designed the program to create ANOTHER expensive way to transfer taxpayer dollars from one segment of the population to another. The cars chosen for the program are 15 years old or less, they have emission controls, they were downsized from previous generations..... if you want to get pollution causing clunkers off of the road why not target 1970s vehicles? A single poorly tuned 1960s Chevy Impala pollutes more than 50 of these clunkers being taken off of the streets. If the goal was to stimulate the economy and get clunkers off of the roads, why not allow taxpaying citizens to buy a clunker and use it as a trade in? At least then the people funding this could take advantage of it.
Stop this scam now! We alreadly bailed out 2/3 of the US auto industry! They were on track selling cars again, it would take a little longer but it would come back as the economy improves! Another Obama free giveaway that doesnt really help the people or the enviroment! 18mpg for 22mpg, real savings there! I dont want my grandchildren and their children paying for this! Those people out there that actually had a vehicle that qualified for a clunker could have kept driving it verses the tax payer footin the discount that most tax payers dont qualify for, its crap!
Whenever something is implemented that gives an advantage to average, hardworking Americans, the Republicans say "No." the "Cash for Clunkers" program is a perfect stimulus boost to our economy. The dealerships benefit, the Auto Companies benefit, the junk yards benefit, and most of all, we benefit. The only stimulus that the Repuplicans want is more tax cuts for their rich buddies. And they call that freedom. They need to fund this program for as long as it is effective.
At the end of the report,the salvage yard owner said they ship the scrap overseas.What's wrong with that picture! Why don't they keep the scrap here.
Hey FOX news, yes , CNN has become that........why are you not reporting on McCain stating the GOP should go after "competent" Hispanics.. they would never day that about white people!!!!! you are so anti Obama, just call yourselves mini Fox!!!!!!You are disgusting, I am done with CNN
Amazing...this is an incredible waste of our money. What the government is doing is taking our tax dollars and giving it to a select few for their benefit (sounds familiar). The benefits of reducing gasonline consumption are minimal and we are "fueling" some steel mill in China with metal to recycle. I personally hope the Senators "crush" this program!
It never should have been allowed. I didn't know about it until after the program had used our tax dollars. I really hope it is NOT continued as I don't understand the real purpose of it in terms of helping our economy move forward.
I was looking to replace my 10 yr old SUV in the next year anyway, so the CARS program pushed me to do it a little sooner. I went in a week ago Sunday and picked up my new fuel efficient 4 cyl Ford Escape. Not only did the program work for me, but I feel really good about supporting an American car manufacturer, especially Ford since they did not take any bail out money. For those that are criticizing the program and asking "what's next? old refrigerators, tv's etc", in most states there are already programs where you pay less sales tax, or in my case in CT, no sales tax on certain energy star appliances. I bought a front loading energy efficient washing machine last year and paid no sales tax on it. Haven't heard any body complain about that.
Very few people take notice that it is hurting the used car market. New car sales are up, but used car sales are in the toilet. Theres a chain of dealers that remarket the car before it gets to the retail consumer who are now all losing out on product. They should have made this program apply to all car purchases. Maybe giving the consumer $2000 towards used and still $3500-4500 towards new. I can't wait for the program to end. Thanks Obama! New car manufacturers aren't going to hire back employees in the long run when they know that the program is short lived. Also, maybe not everyone wants to drive a hybrid because that is where this is heading. No more trucks, just Prius' for everyone! How am I supposed to tow my boat with a hybrid??
As I watched your report this morning on the "Cash for Clunkers" program, I was very disheartened. I am a single mother who works three jobs to support my family. I have not been able to afford a car. I desperately need a car in order to get a better job. When I see all those cars being smashed instead of being reused by people like me, I become very sad. Surely there is a better way to run this program! Even though those cars might be clunkers to their present owners, they might be the answer for my situation. I am sure there are other families out their who could benefit from a "recycled" car as well. If we, as a nation, want to truly become green and help the earth and one another, perhaps we should rethink how such programs are implemented when there could be an even better outcome for all concerned.
I am truly upset with the way this government (executive and legislative) goes to the extreme to spend taxpayer money and with such inefficiency and waist. I took over a trillion dollars of spending for them to realize that it takes cash incentivise to stimulate spending. Even then the incompetence amazes me: Let's completely destroy perfectly good vehicles that could otherwise have been used to further help out someone in need, like soneone coming off of welfare that might need a vehicle to get to work.
In the end it will be interesting to see what comes next since the approach seems to be going in the other direction.
I voted for this admininstration and I am highly upset with the way they work along with party lines, do everything in secrecy and move with full impunity.
While I am responsible and pay my bills I am also strapped and I could also use a bail out, but I'll hold my breath.
The auto industry is not a major concern, are people planning to live in their cars? Wake-up America, what are you people thing agreeing to them spending our money this way!
Who's allowing the mortgage insurance companies to put a minimum fico score on FHA? Is this apart of the stimulus plan? Who's going to do something about this, and they wonder why we are still in a rut!
Cash for Clunkers needs to stop now. While it may be a good thing to get those old, full size, Chevrolet Vans off the road, what about the car collectors and enthusiasts? Many cars that enthusiasts are crazy about qualify as a "Clunker" and are rarely, if ever, driven. What does this do? It causes cost to go up on any part that an auto restorer may need. I would support the CARS program if they allowed salvage yards to completely scrap them, but until then, salvagers are losing money while enthusiasts deal with higher maintenance/service charges and increased insurance premiums...talk about passing on the cost.
*Side note, Automakers do sell new cars that qualify as a "Clunker," such as the Dodge Charger SRT8. That is a very nice vehicle that when it comes time to trade, the owner is not going to get anything out of it because it is a "Clunker."
What are the advisors thinking when they come up with these ideas, you got people losing their homes , children displaced , job loss and too much too mention , without a job can people afford the payments.
The stimulus money should have been given to help the people who were in the financial and construction buisness, but the big banks got it spend it and are building more banks and definitely not giving loans.
The advisors need to look at the bigger picture if no homes are sold we are going to continue releasing more stimulus money, and the little people are going to keep paying for it. Banks mandated the fico score for FHA loans when that is definitely violating peoples civil rights, if the want to create a stimulus program that's going to work , let the banks give fha loans without a minimum fico score!
I think the Cash for Clunkers program is ingenious and is definitely improving the economy even if in a small way. Its a first step. I will most likely be trading my 2000 Ford Taurus Station Wagon with 105,000 miles in for a smaller more environmentally-friendly auto if the Senate approves additional funding. Other members of my family plan to do the same even though they were not supporters of President Obama which I find interesting. Seems that so many of my conservative friends are the first to take advantage of the programs the Democrats put in place. I wonder why! LOVE CNN!
i was all set to go trade in my clunker for cash only to hear that the program ran out of gas. also, looking further into the details of the program i found out that my 1996 honda accord wouldn't qualify because the MPG is rated at 20 and the threshold for the program is 18 MPG. GRRREAT! once again...this country rewards those with bad behavior. the people who bought gas guzzlers get this bail out while people like me who live within our means and buy gas efficient cars...save money...have no debt ...live in modest homes...send our kids to state schools...we are the ones who never seem to get our bail out. the program is unfair and should be broadened to include all cars. destroy the V8s and resell the smaller cars.
The ideas of taxing gas prices and raising the tolls on highways during rush hour would probably work better from the government's perspective, and would not be equal to another bailout for the auto industry.
It is a good plan for whom.... Car makers, dealers and banks seem to me to be the winners. Now for those who rely on a good used car now have less to choose from. Used car lots now will have less to buy at auction. Also the recycle companies are loosing also because they can only save 6 parts. They supply good used parts for repairs from small accidents, broken windows, fenders. These parts from the dealers are 3 times the cost. They are just as many losers in this program as winners. But the biggest loser it the tax payer. Dont take my money to buy used cars, give it back to me....
It does seem important to raise the standards of the car being purchased. People should have to buy hybrids, or something like that.
What's next..cash for old Tv's?..cash for old computers? this is any economy professor's nightmare in the long run as it is a temporary fix at best..at worst it is favoritism to the auto industry and a closer move toward socialism.
no more cash, only helping new car companys,putting low end resalers out of bussiness, people that cant buy new are out of luck, no cars to dell them ,no cars to but, gov get out of the car business and back to your jobs
'Cash for Clunkers' seems to be one of the few stimulus plans put into effect by the Obama administration that works they way they had intended. As a matter of fact, it's obviously working far better than they had expected! Keep it going, keep it funded, I say. It's working, dealers are making money, consumers are getting more fuel efficient cars. 'If it ain't broke, don't fix it!'
No way, using our tax dollars to support people who have old cars and to support buying new cars is bad.
If you were making these people buy cars that were at least 25mpg combined, that would be more worth it.
I think this is a wonderful stimulus for Michigan and other states that have car dealers or even manufactoring plants. Ford is already talking about adding more shifts back for the people who are now collecting unemployement or even no benefits at all. I wish those who block the reallocating of funds change their mind and think about what it is doing for the economy.
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