Re: Cash For Clunkers
 

from today's email



I guess I must be on the wrong page…

· A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
· A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.
· So, the average clunker transaction will reduce US gasoline consumption by 320 gallons per year.
· They claim 700,000 vehicles – so that’s 224 million gallons / year.
· That equates to a bit over 5 million barrels of oil.
· 5 million barrels of oil is about ¼ of one day’s US consumption.
· And, 5 million barrels of oil costs about $350 million dollars at $75/bbl.
· So, we all contributed to spending $3 billion to save $350 million.
How good a deal was that???

Re: Cash For Clunkers
 

What until 1/2 these cars are repossed because they can't make the payments,and then we have to pay for them again!! https://www.yenko.net/ubbthreads/imag...lins/dunno.gif https://www.yenko.net/ubbthreads/imag...s/rolleyes.gif

Re: Cash For Clunkers
 

Anybody see a theme here. Let's see Banks,homes, cars,
I wonder what's next??

Re: Cash For Clunkers
 

The recurring theme I have seen, whether it is banks or clunkers, is "don't think about it, there isn't time, just pass the bill!"

Not a good way to spend billions.

BTW... healthcare IS next.

Re: Cash For Clunkers
 

heard there is a cash for clunkers for appliances next...

Re: Cash For Clunkers
 

[ QUOTE ]
Anybody see a theme here. Let's see Banks,homes, cars,
I wonder what's next??

[/ QUOTE ]

Credit card companies.

Re: Cash For Clunkers
 

According to my friends that work/manage at 2 different dealerships around our area that program worked pretty good. I believe it also gave Detroit a shot in the arm! I know there is not many trucks sitting at Bergeys GMC, Buick lot in Franconia since this deal started! https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: Cash For Clunkers
 

So...the government dreams up a program where the private sector business owners loan money to the buying public https://www.yenko.net/ubbthreads/imag...s/confused.gif...interest free and then have to hold their hand on their A**n waiting to get paid. One of the dealership groups in upstate NY is waitng for $8,000,000 from the Obama check book https://www.yenko.net/ubbthreads/imag...ns/shocked.gif

The car business in the US will suffer this fall as a result of the "pull ahead" of car buyers. What happens when when some of these clunker traders can't make the payments on the new "gas savers" they bought...do we bail them out too.??

This was a bad program and it will have negative impacts for the car industry over the next 6-12 months.

wilma https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

Re: Cash For Clunkers
 

With all the rebates and incentives added to the cash for clunkers, a person should have gotten into a new car cheap, so the loan payments should not be bad at all. Plus, recently it is a lot more difficult to get a loan. Before if you had a heart beat you got one but not now...lots of red tape.

Re: Cash For Clunkers
 

Instead of giving people buying new cars OUR money, why not let the people paying it, THE TAX PAYERS, their own money back and let the economy recover organically instead picking and choosing who gets OUR money?