Senate Passes "Cash for Clunkers" Program

[dbackjon]

Senate passes $1 billion 'cash for clunkers' program over strong Republican opposition
Congress approved a "cash for clunkers" program Thursday to provide government incentives of $3,500 to $4,500 to motorists who trade in their gas guzzlers for more fuel efficient vehicles after Senate Democrats narrowly defeated a Republican effort to kill the plan.



Auto state senators said the program would help hard-pressed car dealers and automakers by bringing buyers into showrooms, and they got help from President Barack Obama and Vice President Joe Biden, who made calls to wavering Democrats urging them to keep the plan alive.



"This is an emergency for families and small businesses -- for an industry that has been the backbone of our economy for a generation," said Sen. Debbie Stabenow, D-Mich., who sponsored the proposal.



Opponents said it would increase the federal debt without doing much to get expensive-to-operate vehicles off the roads.



Senate supporters of the program overcame a procedural hurdle by the plan's leading opponent, Sen. Judd Gregg, R-N.H., on a 60-36 vote, winning the minimum number of votes needed to keep the program in a $106 billion war-spending plan that the Senate passed later Thursday.



The House approved the cash for clunkers bill last week on a vote of 298-119 and Senate Democrats attached it to the war-spending bill. The overall bill now goes to the White House for Obama's signature.

http://autos.yahoo.com/articles/autos_c ... NsdW5rZXJz

[CID1990]

I thought this thread was going to be about mortgage bailout welfare.

[dbackjon]

I thought this thread was going to be about mortgage bailout welfare.

[bobbythekidd]

If you discount the war spending bill, this has to be one of the worst penny for penny waste of money we have seen out of this administration yet. SMFH.

...I'm no fan of the war spending either, but that is a no win for anyone.

[Pwns]

If you discount the war spending bill, this has to be one of the worst penny for penny waste of money we have seen out of this administration yet. SMFH.

...I'm no fan of the war spending either, but that is a no win for anyone.

Don't know about that. It makes a lot more sense than some other things Obama wants to do on the climate issue. It can also be a boon for the auto-industry as long as too many people aren't buying foreign cars.

[Rob Iola]

Citdog - if you're reading this - my apologies for being away (maybe you've been over all this) - but if you don't mind my asking how are you making out?

[Wedgebuster]

I wood just love to get cash for my klinkers.

[TheDancinMonarch]

So I take my $3500 to $4500 down to the dealer and buy me a new car. I finance it over as long a period as possible. Then I default on the loan and complain to the government that I was screwed on the interest rate or I lost my job or some other bogus foolishness. They respond and bail me out and I have a free car. And who says that the United States isn't a great country?

[catamount man]

Didn't think Maobama wanted to be in the auto industry? what a joke.

[houndawg]

Didn't think Maobama wanted to be in the auto industry? what a joke.

Yeah. That billion could keep us in one of our quagmires abroad for another week.

[houndawg]

So I take my $3500 to $4500 down to the dealer and buy me a new car. I finance it over as long a period as possible. Then I default on the loan and complain to the government that I was screwed on the interest rate or I lost my job or some other bogus foolishness. They respond and bail me out and I have a free car. And who says that the United States isn't a great country?

Not you. You're too little to not repay loans.

[ASUG8]

C'mon guys, it's just $3 a head for all Americans. After spending a couple of trillion in the last six months on stimulus that nobody has seen, what's another billion bucks among friends?

[citdog]

Citdog - if you're reading this - my apologies for being away (maybe you've been over all this) - but if you don't mind my asking how are you making out?

out of car business..........."a JOO....like a cat....ALWAYS lands on his feet"

[Gil Dobie]

Obama is spending money like a drunkin Bush

[Cap'n Cat]

Obama is spending money like a drunkin Bush

Good. Dude's got balls and he'll get it done.

[TheDancinMonarch]

Obama is spending money like a drunkin Bush

Good. Dude's got balls and he'll get it done.

Get what done? What is the end goal? I know I'm new here but in 25 words or less educate me on Obamas goals. It'll give me something to look forward to upon my return from the beach.

[houndawg]

Good. Dude's got balls and he'll get it done.

Get what done? What is the end goal? I know I'm new here but in 25 words or less educate me on Obamas goals. It'll give me something to look forward to upon my return from the beach.

Pray that the nation can recover from eight years of miserable failure.

[Appaholic]

Citdog - if you're reading this - my apologies for being away (maybe you've been over all this) - but if you don't mind my asking how are you making out?

out of car business..........."a JOO....like a cat....ALWAYS licks hisself"

accuracy

[grizzaholic]

So let me get this straight. I want 4500 bucks on a new car courtsey of the gov. So I go spend 500 bucks on a POS 1975 PU that gets 10mpg, license it, drive it straight to the dealership, buy new vehicle with trade in of said POS, get 4500 from the gov. WAY TO GO OBAMA.

[bobbythekidd]

So let me get this straight. I want 4500 bucks on a new car courtsey of the gov. So I go spend 500 bucks on a POS 1975 PU that gets 10mpg, license it, drive it straight to the dealership, buy new vehicle with trade in of said POS, get 4500 from the gov. WAY TO GO OBAMA.

Bingo. It only helps those that were going to buy a new car in the first place and the scam is easy to pull off.

[Ibanez]

So let me get this straight. I want 4500 bucks on a new car courtsey of the gov. So I go spend 500 bucks on a POS 1975 PU that gets 10mpg, license it, drive it straight to the dealership, buy new vehicle with trade in of said POS, get 4500 from the gov. WAY TO GO OBAMA.

Hm...it might be a good time to trade in the Mustang.

[houndawg]

So let me get this straight. I want 4500 bucks on a new car courtsey of the gov. So I go spend 500 bucks on a POS 1975 PU that gets 10mpg, license it, drive it straight to the dealership, buy new vehicle with trade in of said POS, get 4500 from the gov. WAY TO GO OBAMA.

Except that you won't be able to buy that POS '75 PU that's still drivable for $500.

If you'd like to buy a '75 PU that will make Montanans stop and salute when you go by, I have a '75 Dodge W100 Power Wagon with a 440 that you can have for only $4k.

[Gil Dobie]

Get what done? What is the end goal? I know I'm new here but in 25 words or less educate me on Obamas goals. It'll give me something to look forward to upon my return from the beach.

Fiscally, Obama is Bush x 1000

[bobbythekidd]

I have a '75 Dodge W100 Power Wagon with a 440

Does it look like the one at the end of this video?



[youtube][/youtube]

[houndawg]

I have a '75 Dodge W100 Power Wagon with a 440

Does it look like the one at the end of this video?



[youtube][/youtube]

Yep. And I keep em guessing with a gun rack and a Grateful Dead sticker.