I have one small problem with the "cash for clunkers" program.
kentuck
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Mon Aug-03-09 11:40 PM
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| I have one small problem with the "cash for clunkers" program. |
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It was reported that 47% of the new cars bought were from the Big Three. The other 53% were foreign cars. However, I did hear a Congresslady say that about half of those were made in America. So that means that we are paying about 30% to these foreign car companies as a rebate?
I have no problem with paying the $4500 on any of the Big Three cars or even those foreign companies with cars made in this country, but I am not crazy about paying for these cars made in other countries. Any ideas on this?
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| SleeplessInAlabama
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Mon Aug-03-09 11:40 PM
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| 1. It is designed to stimulate American consumers. You want them to not buy crap from foreign mfgs, |
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Edited on Mon Aug-03-09 11:41 PM by SleeplessInAlabama
do something about the foreign mfgs.
Well even then a lot of the cars are actually made in American plants...
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| flvegan
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Mon Aug-03-09 11:42 PM
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| 2. I hate that we're financing asset depreciation. |
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Ford is doing pretty well because of this, so that's a plus.
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| kentuck
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Mon Aug-03-09 11:43 PM
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| 3. They could have called it a "tax break"... |
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Then what would have been the complaint?
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| flvegan
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Mon Aug-03-09 11:44 PM
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| 4. If the govt is subsidizing the purchase of brand new cars only |
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then no matter what it's called, it's still financing asset depreciation.
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| orleans
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Mon Aug-03-09 11:45 PM
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| 5. and part of the purpose is to increase the mpg people are getting |
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and there is a chain link of american workers involved in the sale of even foreign cars (even if they aren't manufactured here)
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| question everything
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Mon Aug-03-09 11:46 PM
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| 6. There was a talk about it and the conclusion was that we cannot |
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retaliate against foreign manufacturing, it breaks various trade agreements and they can retaliate back at us.
Besides, many of the foreign cars are manufactured here - same idea of jobs and revenue - while many Chrylser and GM are manufactured in Canada; they can save on health care costs.
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