Of course...but you really only need that if you are thinking of taking the tribe cross country..

I did hear that some dealers are giving away a free gun with the addition of the Rally Fun Pack...one free coupon for a brand new Magnum P.I.

 

I thought the cars had to be drivable? Cars on blocks don't count...

 

Start a program that cost 1billion = tax payers pay to start

So lets turn in a car thats paid off and get into another bank note. = you pay money (to a bank probably owned by uncle sam)

Program runs out of $, throw 2billion at it = you pay more taxes

Cars get repo'd =banks LOOSE money

Banks tell congress there broke and need another bail-out

 

I don't want the government to spend any money to get out of this recession, I want companies to... oh wait then they will raise the prices of products... no I want individuals to pay, no that will cost me money... guess the only way to fix the recession is to not spend any money.

 

I think one reason people want to get into new car loans is that bankruptcy courts will usually allow you to keep your car.

That, and knocking $4,500 off the price is bound to stimulate sales, even with strings attached.

IMO, the big reason for this program was to give a boost to the auto workers union and the government owned car companies. It never was a good deal for the tax payers as a whole, though some individuals stood to benefit.

I do feel bad for the dealers and the prospective buyers that are getting caught out by the government incompetence. We will see if DC can get this straightened out in a way that does not hurt the dealers/car companies more than it helps.

 

Not every buyer when they apply for a new car loan do it so they can keep their car when they hit bankruptcy... I'd be willing to bet that nearly all buyers hope that is the last thing that will happen to go into bankruptcy.

If this plan keeps dealers alive and doing well it is better then going out of business... even if there are a few strings attached... I expect at least one string to be attached in things like this.

I expect that nearly all taxpayers benefit from this... though not financially directly to them. The benefits are less fuel consumption, less dependency on oil, less harm to the environment, help to keep dealers and car companies alive (not just government owned ones and unions, but I am sure they were in mind), help to the economy, help to keep our country alive, etc.

I got notice that an additional 2 billion was given to the plan earlier today which will help prevent problems with deals at car dealers.

 

Still needs to pass through the Senate.

 

I understand that it is to promote sales of fuel saving vehicles witch in turn keeps dealers, auto workers, insurance agents, accessory stores, ect in business. but with an unemployment rate of nearly 10% i think in the long run it will do more bad than good.

If they really want it to benefit us, they should gear it only to domestic made vehicles.

 

I was mistaken, the house approved it 316-109... I'm sure with that ratio it will pass through the senate also.

 

Many foreign automobiles are made with american hands and parts... so we get that support to those americans.

 

yes but those automakers are not filling for bankruptcy and being bailed out by the U.S. government and American people.

 

their paid employees are still stimulating the economy

 

We work. We EARN income. The government taxes our EARNED income. We pay the tax or face penelties. The government spends the money that they have collected from our EARNINGS and spends it how they see fit.

A company provides a good or service. They must provide that good or service at a price that we are willing to spend to EARN our business. If companies raise their price on a good or service higher than we are willing to pay, they can either find a way to lower their price or lose our business. If they chose to charge a high price, we can chose not to purchase their good or service. If it is something that we need, another company will find a way to provide us that good or service more efficiently and at a fairer price. The ywill do so because the know that they must EARN our business.

The government takes our money and spends it they way that they want. Companies must provide us with something before they get our money and if they don't put some of that money into finding better ways to provide us with what they sell they will go out of business.

Yes. I've heard it told this way, to grammer school children. What you are saying makes a lot of assumptions and leaves out the damage it does that I suspect effects nearly all taxpayers.

 

That sounds a lot like capitalism.

 

To respond to both of you... I am leaving work soon to help out some people at a community theatre and I am not going to get anything in return, it will just benefit society. Have either of you all done something exactly like that this year?

Yes, all taxpayers will be affected by this negative... they will have to give up something to help their country out.