Cash for Clunkers Revisited

12 08 2009

clunkerGuess you’ve read and read and read about the program Cash for Clunkers. We need to take a good hard look at this one. Cash for Clunkers sounds like a great program – until you look closely. I’m sure you know they ran out of money after the first month. Of course. So now they have funded more money into the program. With NO help from most of the Republicans who did not think this was a good program and would not vote to add more money to the sick program.

Most of the people who have been driving clunkers have been driving clunkers not because they wanted to, but because they had to. That was all they could afford. Some of these clunkers sell for as little as $150. They are sold at the junk yards every day. Or they were. Before Cash for Clunkers.

Since the program began, the car dealers have been more than happy to fit almost anyone into a new automobile. And those who were driving the clunkers are more than happy to be fit into a new automobile. They never had it so good! Down the road a bit though,  they will be unable to make the payments on their hot new car which was probably sold to them for an amount close to $16,000 to $20,000. Now, if they could not afford to buy this car to begin with, what makes the government people in Washington think they can pay for one now. So a few months from now, you will be reading how many of the car dealers are having to repossess their new, now slightly worn, Cash for Clunkers cars.

And the junk yards won’t have any more clunkers to sell for the cheap price, because there won’t be any more junkers. And of course, junk yards make most of their money selling parts for cars and now they have no more parts to sell because the government that doesn’t know beans about the car business anyway, has decided that all clunkers must be crushed, engines and all, so that there are no parts left for the junk yards to sell. Oh, I tell you,those people in Washington are really, really smart.

Results of Cash for Clunkers will be more debt to most of the people who cannot afford more debt, loss of jobs in the junk yard and used car business, more layoffs because this program will affect not only those mentioned but many other businesses such as other auto parts businesses. The small business man does not stand a chance with this government we have now.

By all means, vote Republican when and if you ever get a chance again. Then programs will make sense again. Meanwhile, you are paying even more taxes because of programs like Cash for Clunkers.




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