Comments on: Cash for Clunkers Program May Get More Funds – But is the Program Good for Consumers?

By: Alexander

Alexander — Thu, 01 Jan 1970 00:00:00 +0000

To me this has no win-win situation, but rather its to slow down the Depression we seem to be going into. I like many others see this as another debt ridden legislation but I also see how fixated Americans have become with been more than their status gives them ability to be. To much TV of rich people I guess.

To think of it, I don’t remember my middle income family back in the 70 and 80 ever buying a new car, mostly 2 and 3 year old and holding them for easy 7 to 10 years. I for one have kept that idea, as long as the car is kept clean and maintained its really the same car as when it was new, sure a nice paint job and some detailing makes more sense than getting saddle with another expensive debt.

As my dad and mom still say, Debt is bad, no matter who much marketing hype they do, even education debt is bad considering that so few professions make any real capital gain to a person.

By: Gerald Wade

Gerald Wade — Thu, 01 Jan 1970 00:00:00 +0000

Who was the genus that figured out that the people who could afford new cars were the ones driving the clunkers and needing help improving there gas mileage or buying a car. The Cash For Clunkers program will not help the people who really need help.

By: thom young

thom young — Thu, 01 Jan 1970 00:00:00 +0000

horrible idea just like all the bailouts that were nothing but a banker takeover in disguise, and don’t be fooled by this sucker’s rally, sell all your stocks and buy gold and its related shares, the dollar is going down big time, notice that the stocks are going up right now, but your purchasing power isn’t, obama is being revealed for the puppet that he is, just a pawn in the international bankers cabal

By: Bible Money Matters

Bible Money Matters — Thu, 01 Jan 1970 00:00:00 +0000

My guess is that you’re right – far too many people who should not have been buying a new car decided to anyway because of the “incentives”. My guess is that the congress and our president will find a way to get the program some more money and have it reinstated. Unfortunately.

By: My Journey

My Journey — Thu, 01 Jan 1970 00:00:00 +0000

“Can you afford a new car? Lastly, should the US Government be in the business of encouraging more debt? Isn’t that partly why we’re in our current recession? How many of these consumers are laying down cash for their new ride? Likely not many. And the folks rolling around in a $3,500 vehicle before the program likely should not be financing a new ride. Just my take.”

Ummm….don’t some economists blame our current home problems on Clinton’s FORCING OF BANKS to lend to people who couldn’t afford the home they were buying? The answer is yes, but links aren’t included lol

By: PT

PT — Thu, 01 Jan 1970 00:00:00 +0000

Thanks, Matt. I’m looking fwd to seeing if they refund it.

By: Matt Jabs

Matt Jabs — Thu, 01 Jan 1970 00:00:00 +0000

Very thorough and impartial view of the possible pros & cons of this program… nice work PT.

Personally I lean toward the notion you eluded to in the end of the article. In the long run the only tangible thing I see consumers ending up with is more debt.