FROM CNN's Jack Cafferty:
The popular "cash for clunkers" program is out of cash; and its fate now lies in the hands of the Senate. The initial pool for rebates to trade in gas guzzlers was $1 billion; and the Obama administration says it will end the program next week if they don't get more money. The House already voted for an additional $2 billion.
So far, the cash for clunkers program has led to the sale of 250,000 new vehicles. It helped bring Ford its first monthly sales increase in two-years. Also, the administration says that 62-percent of the traded-in vehicles are trucks; and people are replacing them with cars that get better mileage.
Former Federal Reserve Chairman Alan Greenspan says car and truck building was rebounding even before this program started; but he adds that the "extraordinary response" shows confidence in the economy is picking up.
Meanwhile - Republicans are asking how the government will be able to handle massive health care reform if they can't manage a smaller-scale program like this. Senator Jim Demint - one of the president's toughest critics these days - says it's an example of the "stupidity coming out of Washington right now." Senator John McCain has said he would lead a filibuster against the bill for the additional $2 billion.
Other critics say the rebates are mostly helping out middle-class people who would have eventually bought a new car anyway...
Here’s my question to you: Should the Senate approve another $2 billion for the "cash for clunkers" program?
Interested to know which ones made it on air?
Ruie from Brownstown, Michigan writes:
Dear Jack, Definitely! Living here in Michigan, I can see with my own eyes the renewed excitement of a light at the end of the tunnel - and that's just with 1 week of this program! What I don't understand is these Southern Republicans who are threatening to block it - after all, (unfortunately for Michigan), it covered foreign makes of cars that are made down south. Why wouldn't they be for stimulating the economy in their own backyard? Oh, could it be? They would slit their own throats now to thwart any progress? Gotta keep Americans down, gotta get ready for 2010!
Jimmy from San Francisco writes:
It's crazy that they are even considering spending another $2 billion we don't have! The money is spent, the program is over.
Nancy from Lincoln, Nebraska writes:
Compared to other things the government wastes money on, this is a drop in the bucket and actually does some good. The Republicans never saw a tax break for business they didn't like. The only reason they don't like this one is that they didn't think it up.
Mellie from Phoenix writes:
Absolutely not! This bill highlights how America has become wasteful and thoughtless. Everything, even perfectly good working cars, are now disposable and sent to the scrap metal yard so that people can take on more debt and buy something they probably don't need. Not only that, but many of these cars being destroyed can easily be resold to others or at least the parts could be resold.
Russell from Bethel, Alaska writes:
This program is the only widely popular programs out of Washington in years. It cuts dependence on foreign oil, helps the environment, boosts the economy, and unlike most government programs, it actually gives the average American a break. The fact that these blowhards are even considering filibustering it is ridiculous.
sure it's just money, what is that stuff worth anyway.
NO. Just goes to show when they budget a project they can NEVER predict how much it's going to cost. Tax payers are funding this program and we can't afford it. The program should have only been good on the purchase of an American car.
There shouldn’t have been a first billion. This is just another bailout in disguise propping up a poorly run auto industry and we can’t keep bailing out businesses. We need to bail out the taxpayer, they are the ones who fuel the economy because bailout to them go into productivity, not bonuses.
Yes, it is wrking. Good for the environment, good for the economy.
Yes, it is working. It worked in Europe and it is working here. And it is a far better use of money than covering derivative positions of large financial institutions. It is actually having a positive effect on people who could use the cash.
Rick, Medina, OH
No. This subsidy is totally unfair to those of us who complained twenty years ago that the government should not subsidize the purchase of SUV's and large pickup trucks by giving a break on mileage requirements. Now the same politicians want to subsidize the same people who took advantage the first time and those of us who have practiced conservation are left out in the cold. Plus the big winners are the Japanese and Korean manufacturers.
Absofreakinglutely!! Back in 2003 (Republican Congress, Republican President) there was little discussion about giving GIANT tax incentives to those among us who could afford giant SUVs. It seems whenever the average person needs a break, the Republicans can't vote "no" fast enough.
I'm still not sure who benefits from this program. Give me $2 Billion and I can help a lot of people who have more urgent problems.
You Betcha! The "cash for clunkers" kept people working!
NO! Because I'm not getting any of that money. I drive a car that gets 26 mpg. Some greedy slob can trade in his self indulgent Hummer for another gas guzzler that gets 2 more miles per gallon and get a check for $3500. He's still getting 10mpg less than me, but I can 't get any government help to buy a new car that gets 36 mpg. That's just not fair. That's why the white middle class keeps gravitating toward the evil Republicans. Democrats well intended government programs usually help everyone but ME! cy arlington, va
NO. Wouldn't 2 billions dollars be better spent on healthcare? This administration needs to quit wasting our hard earned money.
NO!!! they should use the money to BULLDOZE the auto assembly plants!!
Ron Temecula Ca
Who says Democrat ideas don't work? Helps people save money on the purchase of a newer gas efficient automobile, good for the envioroment you know, puts money into the auto economy which is greatly needed, and takes a lot of dangerous automobiles off of the streets. Money well spent !
Jack: Yes. The taxes derived from the sale will go a long way to help some cities and towns not to say how much it will help states.
Just think wy neighbor might get rid of his peice of junk!
At first I thought cash for clunkers was a bad idea. But after seeing the results I think it is a good idea and should be continued. It is helping to get gas guzzlers off the road and the auto industry here in the United States. This bill is doing what it is designed to do with immediate results and that is very rare.
Does Detroit need any more proof than this: People WANT to buy new cars. They LOVE to buy new cars. But for twenty years Detroit has insisted on selling cars that most people CAN'T afford. Detroit ceded the low end market to Japanese and S. Korean companies. They loaded up cars with bells and whistles to drive the price up. They ignored the downward spiral of wages in this country. They counted on people always wanting to borrow, borrow, borrow. If the new owners of GM and Chrysler have any sense, they will look for a way to sell cars for around ten grand and they will clean up. cy arlington, va
no,theyre losing money its more efficent to buy a used car because they dont need to make more using energy
No. Most people are trading in "clunkers" for more debt (car payments). I thought the goal for the middle class was to get out of debt. After all, aren't we the real ones that the government likes to blame for this economic mess?
Jack , Congress should have done somthing like this in the first place. Not bailed out GWB's welthy friends.
No, considering we don't have an extra $2 billion laying around to throw away, and to be paid for by the taxpayers.
For all the wasteful spending government does at least something benefits some of our citizens. I believe $2 billion is squandered every few days in Iraq. I'm sure you get my point.
Yes they should. The program has been wildly successful. Of course since it helps the middle class the republicans in the senate will oppose it.
Yes, if "clunkers' includes members of Congress and they are disposed of in the same way as clunker cars
Yes. And I don't even have a clunker to trade in. Just nice to see average Americans getting something from the Recovery Act first hand.
Arlene in Atlanta
Yes.......this is one program that is having a positive affect on the economy and at the same time reducing our carbon emmissions. That is a win win in my book.
At $4500 per clunker, that will be 666,666 new cars sold. I think the economy could really use that kind of stimulation.
You bet. Franklin Roosevlet et al would have no doubt endorsed this scheme as win win. Let's move some iron.....especially iron of an American brand.
Only if we know for sure that it is really working according to plan. The current "outage" is statistical, based on a small sample of car dealerships. If we need to pump a couple hunderd million in to cover deals in the works, so be it. But, trippling a program with more borrowed Chinese money and no real measures of success sounds like a Congress on crack. (Print more money, deficit crack)
No, I don't think that we should put more money in this program. We should just give it to the banksters like Goldman Sachs, Citigroup and Bank of America. They are the only businesses that keep the economy going aren't they? After all I'm sure that there a few more foreign banks that need bailing out. Face it Jack, the Senate is just going to do whatever their puppet masters tell them to do. The only thing that the people of this country are good for anymore is paying for all this nonesense – against our will!
Rob in Dearborn, MI
Yes, if it gets a philosophy of recycling going in this country. Other countries do not waste anything. These out of date and old cars being recycled could start the ball rolling in a big way. We need to relearn and rethink just about everything if we want to get our country back on an even keel. The last decade has been ridiculous with waste and greed dominating. How has that worked for us?
If it truley gets gas guzzlers off of the road, of course.
Yes, I believe the money is taken from the already existing stimulus package. This is a win, win for the people, car manufacturers and car dealerships. Isn't this what a stimulus plan is supposed to do?
NO. It's just subsidizing the auto industry.
If they have so much money to give away, why not give it to the middle class as a real stimulus, not the crummy $600 they thought would help last year. $600 which I had to use to offset my salary after the price of gas, food and everything else went up.
Cash for Clunkers is the most logical program to come out of Congress in decades...and it is working. It creates jobs, reduces consumption of oil, provides rebates for struggling consumers, raises sales tax revenues for the states, and helps struggling auto dealers and manufacturers. $2 billion is not nearly enough.
Sure, what's another 2 Billion on top of the trillions this administration is flushing down the toilet. When is going to provide internet access and computers to all who don't have one?
A better idea would be to waive all sales taxes and registration fees for trading in a "clunker" for something more environmentaly sensible.
Absolutely, Jack. This is a very popular program, as you can see. It is also a sound way to become enviromentally-freindy. Great idea!
It seems to be going good, maybe it is what we need to get the gas guzzlers off the road. I think what we are wanting is being energy independant and have clean air, so, I think it is a good idea. It will also make more jobs and help the economy. Think positive, it is not President Obama's fault that the economy is bad. He is trying to straightened it out.
Oh no, no way. Well, not without raising taxes to help pay for the program.
No, we need the clunkers around. Used cars have a huge upside for the lower class, completely destroying cars that could run for another 50,000 miles for a low price is an ideal solution for a lot of first car buyers, college students, etc... We should not fund a program were a working product is completely destroyed when it has a functional life and value.
what they should do is give out 10-15,000 for every taxpayer making under 50,000 cause this would be better they can get money on their trade in addition to the money would do a lot better then the cash for clunkers program this idea would be better
It probably needs tweaking before they give out more money. The cars should be between the years of 1984 to 1999 and not anything newer. It is a good program it just needs revising.
Absolutely, Jack. This program is doing exactly what it was intended to do – stimulate the economy.
Yes they should Jack. It's the only thing that they have done that has created jobs so they need to extend it and take some of the money that is set aside for pork projects and use it for this.
This program has energized the public and the auto industry and demonstrates a positive effect of stimulus money. It encourages the stock-market, job prospects for the industry in the future and should definitely get an extra infusion at a time when we are looking for programs which are successful. And politically, this is a win-win for any Senator choosing to support it.
I think it was a quick and easy way to get high polluting cars off the road, so I think it was a good idea.
No, this is simply stealing car deals for the next year, also taking good used cars off the market for the poor people who can't get financed or can't afford car payments..
It's crazy that they are even considering spending another 2 billion dollars we don't have!! Money is spent, program is over. They blew it by not mandating cash for clunkers only good for the purchase of an American car. We the taxpayers are fed up with all the waste of OUR hard earned dollars. Those who pay little or no taxes think every pork spending project and free healthcare is great.
Why not, Jack? Why not throw in another couple of billion just in case? In fact, why not just "give" everybody a new car? Wouldn' t that be sweet? It certainly would be predictable at this point. After all, it is just "our" money. No sweat off their backs!
It seems to work but appears paper heavy and complicated. Streamline the process from start to finish efficiently and continue the stimulus.
Sure why not. At least this money goes to the tax paying citizens instead of a bank or car manufacturer to bail them out.
This is to distracted Americans from Governments agenda. Americans are fed up! Americans can stop out of control government spending. File "EXEMPT" on W-2. Don't pay for a Government policy that Americans don't want. Stop paying taxes!
Another waste of taxpayer money!!!! It's neither going to improve air quality, lessen our dependence on foreign oil or provide the GIGANTIC boost to the auto industry that the dimwits in D.C. are trying to make us believe. Why should my tax money pay for someone to get rid of a car that's probably NOT a clunker.
Jack, We need more of your time on the program and less of the Wolfman repeating the same stories hour after hour. BORING, BORING BORING.
Jack the answer is a definite yes. There are wins in so many areas. 1) it is a great deal for consumers and they are spending on big ticket items again. 2) It is good for the enviroment. 3) it id good on my eyes getting those junk heaps off the highways. 4) it stimulates the economy. 5) it will generate more jobs in the future. In manufacturing and in warranty upkeep 6) it shows that banks are no longer tight fisted in loans, 7) it only costs 2 billion compared to the 100's of billions spent so far it is a bargain. People been asking where there bailout is, this is a small way to give back to the average joe. And for those senators opposed, remember that in the dealer are going to have to pay income tax on the added sales that they wouldn't have otherwise had, so even the government gets a little back. All i can say is pass it.
Yes they should, I think it's a great idea. Why do the people we sent to work for us want to destroy this country? I mean Obama
This is good for the Country!
Of course the Senate should approve another $2 Bill for the 'cash for clunkers' program! How else will we end our foreign oil dependency, clear up the O-Zone layer, get El Nino on the right track, hence, turn America Green path. As some one has already suggested, this needs to be on the table every 5 years. Oh! And have you seen how cars are just flying out of the showrooms... People have money to spend... the 'cash for clunkers' program has given them a reason to spend it!
Of course not. The original idea was bogus anyway. Injecting money into the auto-industry didn’t pay off 4 months ago, why would it pay off now?
– Matthew, Chicago, IL
Cash for Clunkers actually seems to be working. It is that rarest of rarities; a Washington program that helps.
At least this makes more financial sense than Bush's No Strings Attached Wall Street Bailout did.
I say Go For It!
Jack: Yes the Senate needs to approve another $2 billion for clunkers. I hope they do again in about 5 years, so I can get $4500 for my Chevrolet Astro Van. The mileage is to high to qualify as a clunker, yet.
The $2B for the 'cash for clunkers' program, as I understand it, would come from the billions already tagged for the stimulus spending. It's not 'extra' money. It would seem from all reports that this program has done what it was expected to do ... give a boost to the economy. No one could have predicted how well this program would do, and if they need more money to allow more people to take advantage of it, I say go for it.
How much more are we going to do for the Auto Industry????
Jack, The clunker law needs to be traded in on a newer more efficient model. Honda made a fortune which does not create jobs here or stimulate our economy. Also, destroying whole cars when many of them have safer tires than unemployed Americans can afford to equip their family cars with is stupid. When taxpayer money is spent it should be spent to for the benefit of us all, i.e, jobs and safety.
Absolutely! Isn't it about time some of the stimulus money went to the people who need it most! Give the money to the auto companies and they don't build cars with it, they pay big bonuses. Give it to us, and we buy cars. It's good for the environment, good for the overstocked auto dealers, good for the auto companies, and good for all their suppliers. Only thing I would change is to prorate the money based on the difference between the mileage of the old car and the new.
This program is the only widely popular programs out of Washington in years. It cuts dependence on foreign oil, helps the environment, boosts the economy, and unlike most government programs actually gives the average american a break. The fact the these blowhards are even considering filibustering it is ridiculous. Can someone, anyone, remind these people just who it is they work for?
Jack: Yes, there should be a $2Billion increase in this program. It/s time the regular people get an incentive in their pockets. Plus, it's a great boom for the environment AND getting off Saudi oil. If we can find billions of dollars to fund wars and tax incentives for the wealthy, we can find the funding for this as well.
This successful program not only should be extended by everyone in the government, they should expand the program to include other household appliances that are considered clunkers in order to replace them with more energy efficient models. Along with helping to save the environment a bigger clunkers program will help to kick start our national economy...
Central Islip, N.Y.
Yes. For months, these lawmakers critized Pres. Obama's stimulus plan and dismissed it as pork-barrel spending, and now you have a program created by the stimulus bill that is actually working. It would be foolish if the Senate let "cash for clunkers" fall to the wayside.
I have no problem with that. Its stimulating people to get rid of old clunkers, and stimulating the banks and car companies to lend money. Its doing exactly what Obama hoped it would. Its stimulating the economy. Well done Obama. Wish I qualified but my cars in good shape.
This is finally money in working class pcokets. So let it happen.
Yes the Senate should approve the "cash for clunkers" extension. It's good for industry throughout the country. Let's be honest, it s not in the best interest of the GOP for the economy to get better now. Republicans don't really want the economy to get better unless they are in charge of both houses of congress.
The government is doing something that works and the GOP want to kill it. Their problems continues. Let me guess, they want to give a big tax cut to the rich.
Rancho Cordova, CA
Any stimulus, no matter how bizarre it may appear is necessary in this ruined economy. Let the new government experiment and tinker until we are well on our way to recovery. President Obama knows it's make or break time and has three more years to see his policies comes to fruition. If he fails, America will even vote for Sarah Palin to get it right.
No, like you said at the end, it's just free money for middle class people who would have had to buy a new car soon anyway.
That's why it's so wildly popular... no one ever says "no" to free money.
Oh heck YES! I just used it today to get rid of a gas guzzler (18 mph) worth only $1500 on a regular trade. Instead I got the full $4500 and got a brand new 2009 car with gas milage of 34 mph. It's good for our aching car dealers and car companies, it's good for the environment, and it's good for the economy.
We've bailed out greedy banks long enough. This one helps everybody!
Luv ya Jack!
Yes, but raise per vehicle amount even higher (to $5,500 or $6,500) .and the total amount to $4 or $5 billion .. let people spend and crank up the economy ...
Obama is wasting "TRILLIONS" on pork and socialist programs so why are should worried amount $2 or even $5 billion.. Heck.. Sen Harry Reids desert express railroad waste is $4 billion alone...
Why? Getting tax payers money for trading in a clunker to buy another American made clunker doesn't make much sense to me. If you don't care enough about the environment to use public transit when you can, you should be paying the price.
Absolutely not! And if we the people really had a say so I bet we would vote NO. But we don't. All this does is put the working man in debt. Then line the pockets of those top of the pyramid. The greedy rich need to start paying more to the rebuilding of America and stop draining from the middle class their money. We are having a 1990 chevy pickup being rebuilt. That is profiting putting someone other than the rich. And they don't build a better pickup today.
This program is a winner all around. It gets people to spend some bucks now when we need them to. They win 'cause the get a car that will save them about a thousand dollars a year in gas. Manufacturers, suppliers, and dealerships win 'cause they get some cash flowing in. That means they have more to spend and less lay-offs. That means less money spent on unenployment benefits. In addition we, as a country, will be spending less on oil, which will help keep gas prices low and reduce our dependency on foreign oil.
Yes.The program points out that our economy would probably have rebounded faster if stimulus money had gone into the hands of consumers rather than the banks which are rewarding themselves with huge bonuses.
Sure! Why not? The program is working. Keep it going!
Seems to be win-win.We get a economic and an environmental boost
Why is so much money going to the banks and the auto industry? I wonder how many people are putting a battery in the old clunker that has been sitting idle in the yard so they can get a $4500 break? And are those clunkers all being disabled when they are turned in, or is someone making money selling them outside this country for some big bucks? NO, NO! No more money for this sham of a program!
Definitely! Living here in Michigan, I can see with my own eyes the renewed excitement of a light at the end of the tunnel - and that's just with 1 week of this program! What I don't understand is these Southern Republicans who are threatening to block it - after all, (unfortunately for Michigan), the Cash for Clunkers bill covered foreign makes of cars that are made down south also. Why wouldn't they be for stimulating the economy in their OWN back yard? OH, could it be? Dare I say it? They would slit their own throats now to thwart any progress our country makes for the next year - gotta keep Americans down – gotta get ready for 2010! We should continue this program, and we should take the money from Paulson's back pocket – or wherever he stashed all that cash we gave him in the FIRST stimulus/bailout package.
NO! Under NO CIRCUMSTANCES!
Lets set the record straight here. The Auto industry used to a privately owned and operated industry. They sucked at it, but its what they were. Our Government decided to bail out the auto industry with my money, making me an involuntary owner of the auto industry. Now that I own the auto industry I have to still go and buy a car from the thing that I own. Our Government decided that we werent buying enough cars from the company we own via the bailouts, so they create cash for clunkers and I have to pay (via taxes) up to $4,500 towards the purchase of a car, from a company that I own, for a person I dont know and will never meet. I never get to take advantage of the cash for clunkers program because even if I could afford a new car, my cars dont qualify. And after all of this, the auto industry is still sinking and if people are using this program it is just going to make things worse in the long run.
Lets not through good money after bad.
Yes, Give people an incentive to feel good about the economy. We did it for the banks, & wall street. Direct help for the middle class is one way to get the public involved.
I say no, Jack. Although there has been a tremendous response to a successful government program that boosted the GDP a bit, I find the requirement to crush the clunkers a tremendous waste of resources! The carbon footprint of making the existing vehicles has already been released into the atmosphere and now new steel, copper wire and plastics must be created to build the new ones.
If Jim DeMint is against it, then I'm for it. Doesn't he understand that the expenditure will be offset by increased productivity and more money in taxes? Doesn't he understand how good it is for the climate to get rid of those clunkers? Doesn't he understand that the stupidity is coming out of his mouth? I swear that man has lettuce for a brain.
If I understand the system correctly, then all the Hummer owners will qualify also because those vehicles get such lousy mileage?
Why should the Republicans help the auto industry and the people of the country that is not in line with their policy of doing nothing. They are in Washington to hamper progress on all measures. They follow Nancy Regan "Just Say No" to everything.
The only thing the program has done so far is (1) give money to the dealers and automakers, who have already been bailed out and (2) let those who have good credit get a big incentive to buy a new vehicle.
A much better use of the program would be to (1) scan all the state vehicle registrations for REAL clunkers and (2) offer the owners of those vehicles the cash and good, decent financing for them to replace their clunkers.
Millions are driving REAL clunkers, that they probably bought at some "payday" motors, at an outrageous interest rate and probably at a sale price that is totally thievery.
THOSE are the people who need help, and THOSE are the people driving the real clunkers.
So far the program has been a joke.
Absolutely Not! This bill highlights how America has become wasteful and thoughtless! Everything – even perfectly good working cars – are now disposable and sent to the scrap metal yard so that people can take on more debt and buy something they probably don't need. Not only that, but many of these cars being destroyed can easily be resold to others or at least the parts could be resold.
Just for kicks, we went cash4clunkers car shopping last week and were told by four car dealers that it made sense to scrap our 2005, low-mileage mini van in favor of a new car. The belief that no one would want to buy this car, which is still under extended warranty, is ridiculous and flat out wrong. Lots of thrifty people or low income people buy used cars instead of new, but now, thanks to cash for clunkers, they'll now find a severe shortage of available good used cars.
Of course Senat should fund the plan. This is a plan that many were skeptical about, including myself, but it works! It is a direct benefit for the consumer that has a direct and almost immediate impact on the economy. Don't believe me, just ask the CEO of Ford.
One simple word "NO!"
Doesn't giving 2 billion in help to the auto industry represent the end of private enterprise. This is the viewpoint as exposed by the conservative side.
Yes, anything for that dying breed,the middle class.
And yes, eventually we would have bought a new car anyway regardless of the rebate, but it would have been done out of necessity to carry our hard working butts to and from our first and second jobs (again out of necessity) who's location may be an hour or so from home (again out of necessity).
I only see the rich as being critics to the middle class because our gain is thier loss. Most middle class struggle to remain middle class and we deserve a break. Give us $4 billion more and take the corporate jets away.
More money should be allocated for clunkers ONLY if they consider the age of the car and not just gas economy. I'd rather see OLD clunkers off the road.
They have to now, out of perceived fairness and because the earlier communication implied it was available even though the fine print was always there if you listened.
Sure, fund it ... as long as it's not my tax money that's being used for a program that I could use but don't have the resources to participate in.
No Jack they should not pass another 2 billion for cash for clunkers. Why? Because of the success it had. Instead of passing more money for it they should just tone it down a bit and draw the rebate out for two or three years. As it is, when the program runs out of money the automotive industry will be in the same boat they were in before, the boat with no money. If the rebate lasts longer it will increase sales long enough for the major automakers to actually develop and produce the cars people want to buy. Maybe then they will be able to stand on their own two feet.
If I remember right, the cash for clunkers part of the stimulus was reduced from 4+ billion to one billion in order to to satisfy some blue dogs and the three Republican senators. How anyone can be critical of stimulating the economy by helping out the middle class is beyond me. Isn't the money coming from already available TARP funds anyway? The GOP whines that the stimulus isn't working and then whines when it does.
Dear jack only if they give the poor the clunkers at a resonable price were to poor to get a loan and to old and decrepid to get a job.
No. The program is unfair to those of us responsible enough to own cars that already get good mileage. Instead of rewarding people who have been wasteful and selfish, can't we find away to reward everyone who does their part to reduce our dependency on foreign oil? Especially those of us who learned our lesson in the '70s? cy arlington , va
Finally a program that is working! It is a win for the public, a win for the automakers, a win for the economy, and since the public is buying cleaner more efficient cars, it is a win for the environment..
Let them refund it with 20 Billion dollars!
Yes Jack they should. This is good for the taxpayer, automakers (foreign or domestic since we have so many foreign automakers building cars here – my last "American" car was made in Mexico), banking industry and the environment. It is nice to see some stimulus money coming back to the people upon whose backs it was earned. I think they should expand it and cast the net wider. This should be available to anyone who trades in a car and improves their gas mileage by at least 4 mpg. Isn't it just as good to upgrade from 30 mpg to 35 or 50? Don't destroy those good ones either, put them back out on the lot for those who can't afford this program to at least be able to buy a more efficient used vehicle. About time someone did something for the average American!
Compared to other things the government wastes money on, this is a drop in the bucket and actually does some good. The Republicans never saw a tax break for business they didn't like and the only reason they don't like this one, is that they didn't think it up.
It is really just another bail out and payback by the obamatrons for the UAW. The lazy folks work half time until they are 40 and then retire.
TARP loaned $700 billion to banks and most Americans can't see where the money went. Bush and Obama sign stimulus packages combining to almost $1 trillion and again Americans don't see where the money went.
Then “cash for clunkers” comes along, costs a tiny fraction of the other programs at $1b and puts 250,000 new cars in tax payer homes, and helps jump start an American automaker and the Senate responds by wanting to kill the program.
No, the Senate should not approve the $2B for this program. The auto makers got loans (save Ford) to lower cost and build cars that "people want". I'd like to know if that money was well spent before I give them more. After all why should I pay for people that made bad decisions and bought for their ego instead of reasonable transportation?
So far the cash for clunkers program has done a great job of stimulating the economy, proving to be far more effective than the sex for senators program that preceeded it. The two billion dollar shot of adrenalin would be a big boost for the auto companies and all their suppliers, making it that much easier for them to pay back the bailout money.
When my husband lost his job, we lost our home. We have now been rebuilding but straddled with a 1999 Isuzu which has not value and has over 160,000 miles – hardly dependable. Because of the hit to the credit and his just getting into a job which actually pays a salary (not 100% commission) we now need a dependable car – this program helped us achieve that goal, stay within our budget and move forward. How McCain sees this as middle class program I don't know – his middle class starts at 500,000 – we are 1/5 of that.
Like you said Jack, it's one of the govt programs thats ACTUALLY WORKING. So why would they not continue to fund it?
If the plan was so successful and it proves that our economy is rebounding why not keep it going? Why are the republican so against helping the middle class, and always running to the aid of rich? The middle class is the engine of our society and i think it's time for the republicans to realize who they need to help.
Yes, it is one way to help the middle class. If they would have only given us the money instead of the banks, Michigan might not be at 15.2% unemployment.
I appreciate what the government is trying to do here, partly reduce waste on the environment. But why don't they use that 2 billion to come up with a permanent solution to eliminate environmental destruction. I don't care how many new cars are sold, all I can think about is the pollution each car is creating.
Lucy, SF, CA
Yes to the "Cash for Clunkers" program! It is a direct stimulus on multiple levels meeting many regular Americans directly. Therefore not stored in the BIG banks or imaginable Federal Bank Accounts.
Cash for Clunkers is not ideal. It's wasteful to encourage people to destroy working cars, and the program doesn't require as large an MPG increase as it could. However, as far as stimulus goes, this seems like the sort of program that has a pretty high multiple, in terms of GDP growth to dollars spent. I would rather see more programs like this and fewer bailouts of large banks.
Yes, but will they? They usually throw money at projects that fail.
I do not believe that the Gov should have approved the first billion. Its our money that they are giving "consumers" (mainly middle class) as an incentive to buy products from companies that we now own anyways. I say lower taxes by the same amount of the stimulus and let every tax paying American see benefit. Haven't we handed over enough of our money to the failed American Auto Industry? When is enough, well, enough?
I think I must have aaawaay too much education because I do not see any reason in bailout, or Government Motors, or more stimuli from the top down (tinkle down economics). My only conclusion is that they must KNOW the comet will hit us before the next major election !
C'mon even the common sense challenged politicians in the Senate and all of Congress for that matter should be able to see this is a no brainer – Fund It! This is actually something that is clearly working for once what's the hold up? There should be no debate about the rebate.
yes, it is working. we are getting those old gas guzzlers off of the road(i hope there is no classic cars involved). it is putting people back to work. the auto market is getting rid of it back log of stock. so, what is the problem? it is doing what it is suppose to do. oh, yeah. it is doing what washington hates. a program that works.
Yes, If this is working why not keep milking the cow.
Sure Jack, If it is working and emptying the lots and provideing factory workers an opportunity to get back to making 2010 vehicles it can only help. But if they don't help get the economy going their will not be any new homes purchased or cars bought. It can't only be about the first buyers. The rest of us baby boomers will need a little jump start as well. It was the last administration that allowed all the corporation to move lock stock and barrel over sea's. With out work who will by the goods? The Chinese? i don't think so.
Uh... Yeah! When you find something that works go with it. people saving money on gas means people spending money at other companies rather than the oil companies. its win win, I wish I had a clunker I need a new car, and I would love the extra money to be able to afford a hybrid...
Jack i think the Senate should agree to give 2 billion more to the cash for clunkers. It helps the automotive manufactures make profites and it helps those getting the cash to buy a new vehicle that gets better fuel economy.
Yes they should, this contends as stimulus, which the majority of economists agree is essential for our economy to return to its former glory. If people are lured out to spend money on cars then the auto dealers and companies get revenue that can ensure that they stay afloat. The program helps in the long run as well as the new fuel efficient cars reduce our greenhouse emissions along with our consumption of foreign oil. This is the kind of stimulus we need.
Yes, congress should approve an additional 2 billion for the cash for clunkers program WITH the requirement that a US manufactured car must be purchased to replace the "clunker"!!
Jack, if the Cash for Clunkers program is helping Americans I think that it is a much better use of our money than the $10 billion per month we have been spending in Iraq for years!
Yes they should approve more money for this! It has sold cars and helped out many U.S. families. Car companies are making money from this. How is this not helping in so many different ways?
This is just another reason i am so happy i did not vote for John McCain!
Jack, why not just throw more money at the plans. what's another $2 Billion since its the tax payers money and obviously the white house has discovered that they are actually going to have to pay for all these great ideas that work so well in Europe. But wait, were more powerful than them but we're obviously doing something wrong.
No, given the success of this program and the nature of the economy–it would be stupid to let this stop. Of course the Republicans would be against it, as their only hope is that everything fails and everyone is as miserable as they are. If that were to happen, folks would say “you guys aren’t so bad”. My god, what a joke they are. The Democrats shouldn't concern themselves with being bi-partisan, especially when the other side openly says they are dedicated to you failing.
It's fair to use taxpayer funds to bailout out AIG,Detriot, and Bank of America, however a little break for mainstreeters is meeting all kinds of opposition from the fools that bankrupted the economy in the first place.Go figure.
Absolutely! This is a "No Brainer"! Senator McCain is on a mission to use his power in The Senate to "Break Obama". This is a term that another Republican Senator used when commenting on why Republicans should try to kill Health Reform. This program is working and will create jobs. The Nay Say Republicans are more concerned about politics than they are about The USA.
The GOP wanted programs that put financial relief directly into the hands of the american people. This Program successfully does it. Sounds like a no brainer to me.
absolutely continue the cash for clunkers. the american peoples response should tell the adm what is important.
Keep the clunker deal..eliminate the year long ownership requirement. Best deal to come out of DC in ages, Jack!
Of course they should. And of course the Republicans will be against it. What a surprise. They're against anything that would help the average citizen, or make the President's job a little easier.
yes, Cash for Clunkers is a great idea. As a middle class retiree, I will pay cash for the removal of Clunkers such as - Congressmen "DeMented" and all of his "Do Nothing" Republican friends whose gas guzzeling needs taken off the road in DC!!
I say yes. I missed out because I have an efficient 93 Honda Accord.
However, come on Republicans, mostly lower middle class people have clunkers. Give them a break!
Hello, I'm glad the program worked and all but i think its time to stop spending money we dont have.
Well, let's see. 700 billion dollars spent to prop up "too big to fail" companies, who proceeded to pay themselves bonuses vs. 3 billion dollars to keep small car dealers open and get money flowing into local economies. Oh no! That would make too much sense, the Senate wouldn't go for that, we've got to worry about the deficit - now.
The reason the conservatives don't like the Cash for Clunkers program is because it's a program that actually benefits real people, citizens trying to buy a car and dealers trying to move a car off the lot. The overall environment also benefits. Republicans are afraid that money won't be available to line the pockets of their special interests which only benefits themselves and their reelection.
No it's another program that rewards irresponsible behavior. All these people for all the years driving these big gas guzzlers are now being rewarded when they could have much like I did and got a small compact car (1992) for all these years that now doesn't qualify and still gets over 30 miles a gallon. It's not only rewarding those who thought is not necessary to conserve our resources at the same time it's going to create a void in cheaper cars and car parts available to the poor. This idea is much like the bailout program that's rewarding the people at a cause the problem at the expense of those who had been doing the right thing all these years.
Has anyone considered how many people are being encouraged to buy auto's on payments? Aren't we supposed to be being more careful about spending beyond our means. Gues my answer to your question would be "NO".
If there's going to be any more money "given out" to anybody, the government needs to start looking at giving every American who pays taxes "bail out money" to use toward paying off credit card debt, mortages, medical bills, etc., to help them get out of debt and back on their feet. You'll see an improvement in the economy super fast if the government would start investing in We, The People instead of Them, The Corporations.
Yes I think they should with one restriction it has to be American made this supposed to stimulate the Car market of the U.S. Economy not any other country. I know other countries are taking our debt to pay for it. Come on the Unemployment rate in Michigan is at 17 % which means 83 out of 100 eligible workers have a job.
It is call JOBS. This is how it works, people spend money to to buy cars, thus producing labor for profit, thus creating the "employed", which in turns produces wages, that in turn contributes to spending from those who are employed in this industry and bill paying..which by the way is how we as non-politicians turn the economy around.. this is what trickle down economics should be.
I think this plan should be refunded, but only for domestic vehicle purchases. The demand for american cars would increase, hopefully resulting in putting some american workers to work.
Yes Jack, I think they should. This can only be a win win situation for the person that's going to buy a car anyway. It also helps to stimulate the economy. Of course the Republican is going to be against any thing that is good for the country. They are just like that and they can't help it. They don't have anything good to offer so they just say no to everything.
The Senate is refusing to additionally fund the Cash for Clunkers program? What a surprise! It is helping the middle class and not serving to line their pockets with additional funds or benefits. What greater reason do they need to close the door on a program that is obviously working for the American people!
John McCain and the Republican won't support this program because they are thinking about themselves. They are are Rich white folks with plenty of cars , houses and money. Please, for 8 years there was no middle class. Do not destroy this creative model to get the middle back.
Jack, i m loving your last few questions. We are finally talking sense.
Yes, our economy and environment benefit. When a plan works we need to pay attention.
The program should be extended, this should help the dealers realign their inventory to address demand and help them to reduce their debt. It looks like a win win program.
YES! It, finally, puts cash in the hands of people, who will spend it. That's where most of the Stimulous Money should have gone in the first place.
Hey Jack My daily driver is a 1946 Buick . You can pull my cold dead hands out of the steering wheel!
Yes, Congress should extend the "Cash for Clunkers" program. CARS funding pales when compared to another long-standing stimulus program, the mortgage interest dedection.
Someone, anyone tell my why taxpayers are subsidizing consumer car purchases. All this program will accomplish is more division within America. When the bill comes due, I'll just pass it along to the car buyer. Oh, wait. I guess I cannot just pass along my tax bill to someone else. That would qualify as the classic "holding the bag".
I am for another $2 Billion for Cash for Clunkers,
This Program is stimulating the economy with the sale of new fuel efficient cars. At least we know where the money is going than the Bank bailouts.
I rather put a TARP on a new car than the Banks.
Of course they should fund it. The argument that it is only helping people who would have bought a car anyway is absurd. This leads me to believe that you should have to take an elementary class on economic to be in Congress. The first thing you lead in economics is that a dollar today is worth more than a dollar in one year. Therefore, getting consumers to buy cars now IS THE ISSUE, not that they will buy cars in six months or one year. If a purchased car keeps a salesmen going, an assembly line worker employed and a truck driver moving the cars to the lot working and all are spending that money now, that IS stimulus. Why wait? Is Congress, the ones who are responsible for the economy and budget, so lacking in fundamental economic knowledge?
Why do I have to continue to subsidize those who did not manage their fiances appropriately? The auto industry failed to position themselves to compete with Honda, Toyota, and other foreign companies who build economic vehicles. Private citizens purchased gas gusslers they could not afford to keep full. Since Obama has been in office, it seems that the rest of us hard working responsible citizens have to pay for the rest. Its time for this to stop!
Instead of "cash for clunkers" maybe we should do what they have done in Australia. Australia has little to no oil but lots of natural gas. The Australian grovernment decided to give its citizens a $2000 rebate toward changing their cars to run on compressed natural gas. With a world glut of natural gas right now I think this could work here in the US. A vehicle run on CNG puts out basically no polution so this would help reduce greenhouse gases and get us off foreign oil.
Yes it should be extended. It is helping get gas guzzlers off the street, and they will not be able to be resold. While this may affect charities, (One of their auctioned cars has been sitting in my drive way for months, because the guy who bought it swindled me. now, It won't pass smog and it needs a new transmission. I can't give the thing away!), I beleive the positives of the CARS program far outweigh any negatives.
What a boon for the middle-class... doesn't do a damn thing to help the poorest car owners... who drive to worst fuel-efficient vehicles on the road... none of them can afford to buy a 'new' car. If the plan is to 'help' folks, let poor people turn-in the real junkers and improve their economy. As for it [cash for clunkers] working, it is nice to see one government program not go ker-clunk!
It's quite ridiculous that our government has hundreds of billions of dollars to continually bailout the wallstreet idiots and AIG but questions/hesititates whether to continue a good program that is actually HELPING people, the economy and the auto industry. Pathetic.
Yes, Jack. Keep it going! It's great for the economy & the environment. I just traded in my old 17mpg Clunker for a new 28mpg car. Remember when Bush was giving tax breaks to those who bought $60,000 HUMMERS!! It's about about time the government did something to help the middle class.
Yes Jack, the Senate should definitely fund the extra $2 billion for the cash for clunkers program. It not only means that Americans are buying American and stimulating our economy, but it means that we'll be a little greener and a little less dependent on foreign oil. If John McCain filibusters this measure, I wonder how his own people will look at him in 2010.
The Senate should definately approve more dollars for the this program. It is the first strategy that has shown immediate and positive results. Guzzers out, better gas mileage cars in. Win, win unless you are Jim DeMint and the Republican "doom at any cost choir". The next positive move will be to replace your BS producing Republican Senator with someone more positive who believes the President was born in the US, the earth is round, and the sky is not falling.
Heaven forbid that any Republican support a Democratic plan, especially one that is working. This one helps the working classes and the car manufacturers as well as the economy. It's not often the GOP has an opportunity to destroy a win-win-win situation. Really, it's not often we have a win-win-win situation anyway. Go McCain! Go Republicranz!
I say yes! By trading in a vehicle that gets 15-18 mpg for one that gets 25-35 mpg is great. And would this not help with the supply and demand as far as oil goes? More mpg equals less demand for fuel which in turn will result in lower prices at the pump.
As a moderate Republican, I must say that I have found that the spending in recent months is somewhat out of control. However, Cash for Clunkers is a plan that seems to be working. The Democrats could have suggested this program before the Stimulus which seems to be a failed proposition. Our backbone is our auto industry. Along with the cars themselves, all of the components that are used to build them play a key role in the economy. These companies provide millions of jobs. I believe it should be designed to reach out to American-based car companies only and the rebates should be higher on each car. Maybe give some funding to GM for rebates. I approve of more funding despite these setbacks.
Cash for clunkers helps consumers, salespeople, mechanics,
insurance writers, state revenue, the environment, factory workers and
even helps lower health costs as people trade in old, rickety vehicles for newer, safer models. IT'S A NO BRAINER!! (which has me worried the Senate won't pass it)
No they should not approve two billion, it is so successful it should be increased ten fold. Yes Twenty billion (20,000,000,000.) This direct flood of prosperity will cascade throughout the entire economy and what happens, new jobs and more tax revenue in the years to come. Wake up, when something like this works.... Full steam ahead. I have an Idea, take back twenty billion form the greedy wall street banker, get unclean polluting vehicles off the road, and make The country grow... Can we just use our collective heads for once? Can any Repugs rise above party politics and do the damn tight thing for once... Former republican, now in recovery 3 years clean and sober of right wings zealots.
Yes please fund this program with more money! We need more programs such as this; it's about time some money came back to us! I don't need a new car right now; but cash fo clunkers will help this country in many many ways especially getting people back to work and lowering fuel prices and at the same time helping the environmeent. It's about time government foiund some wisdom!. Keep this program going or risk being voted out of office!
The $2 billion subsidy for car buyers is, of course, economically obscene, but in view of all the other ways we waste or squander $2B - to stay in Iraq for a few weeks or to fund unneeded military aircraft or to pay bonuses for incompetent bankers - in the national budget, I guess car subsidies become more difficult to criticize. No wonder Congress is unpopular and the President's poll ratings are slipping.
No! what the senate should approve is money in people pockets. A stimulus check would help those that have lost and are presently losing their jobs and houses and what they have worked so hard to gain. Also maybe it would give some an incentive to actually start a small buisness which could create more local jobs.
yes I think it should continue.
I'd rather give some of my tax-dollars to a person to help with a new car and in turn help the economy, then some already rich banker dole out some more money for bonuses.
Bother way, I wonder if depositors (or tax payers depending if the unsupervised loan that we gave them was payed back) that own that money really had meant to give it away to the mega rich to get richer, hmmmm.
Oh, I think I may go apply at a mega bank, since I am looking for a job.
Ines in Colorado.
When judging President Obama's Cash for Clunkers program, it's best to remember another clunker: President Bush and his $700 billion for clunker banks. How'd that work out for you? Anyone who bellyaches over a successful program that costs just a measly three tenths of one percent of what Bush wasted on the banks is – a clunker!
There was a time when 2 billion dollars had a different meaning for me but since we have been spending 10 billion per month in Iraq for the past 6 years, times have changed. I truly believe that the Senate should approve another deuce immediately. This program has had many positive results and thus should be continued.
Absolutely! Look at how much tax dollars these sales are going to raise and all the hundreds of thousands of people it will keep employed and maybe even add employment at the dealers and suppliers of components for vehicles. This is a true stimulus!- not that nonsense $180B given to AIG!
Economics 101: It takes money to make money. The Republicans are just mad because it's working and it is helping the middle class and the environment, instead of their lobbyists and campaign contributing friends.
ABSOLUTELY YES! It's good for the economy and environment and while under normal circumstances I'd say "No", right now we are just starting to turn the Bush Mess around and we need these kinds of stimuli to keep moving out of this recession. Once we get back on our feet, we can then look at cutting back on govt spending!!!
Cash For Clunkers was designed to get vehicles off the road that have high emissions and because of the condition of our economy it is serving a two fold purpose.
Because it is a working program the government conceived it must be stopped because if it works it will do two things. It will prove the government can manage a program and it will prove that the next program should be designed to get Republicans off the road.
Jack, the only stupidity coming out of the Senate is coming from dimwitted Dimmint. By every measure this program has been a success. As for this incentive being taxpayers money, those customers and dealers are taxpayers too.
I saw a senior citizen on a walker getting into a 1978 rusted truck. No matter what incentives are offfered, the REAL gross polluters belong to folks that can NEVER afford a new car. Why not give a serviceable "clunker" with 70,000 miles left in it and GIVE it to those who are driving unsafe cars and trucks and will only need a car for two or three more years until "Assisted Living" is the only option for them. I watched a perfectly good 2004 Buick get crushed on your air just yesterday. It would give at least some help to the poorest of the poor.
Oh and it is insane at the vehicles that qualify ...
and beware if your trade in is worth moe than the 3500 or 4500 ... you get nothing ...
and you should get nothing ... !!
once again another CRAZY plane by this adminastration , all they were dong was trying to move Gm on and up .........
Also 33 billion dollars in bank CEO's bonuses and give it to the middle class and we will be out of this mess in 90 days.
My wife and I are middle income folks and we were just thinking about buying a used car until the cash for clunkers came along. Thanks to the program we were able to buy a new vehicle. We have increased out gas savings from 15 mpg to 32 mpg. We have friends who will do the same if the Senate okays more for a good stimulus program. If they don't, we should vote them out of office.
If this program of “Cash for Clunkers” had been initiated a few months ago it probably would have prevented the Bankruptcy of Chrysler and GM. As a matter of fact if this had been initiated before shoveling Billions of Taxpayer Dollars to Wall Street, we would be well on the road to recovery from this depression.
This is what the country needed, putting the money into the hands of Small Businesses and the Working Americans, rather than into the CEOs and Board of Directors of the Banking, Insurance, and Mortgage Companies. that caused this disaster in the first place, and allowed them to give themselves the massive bonuses for wrecking the Economy of the Free World.
The same results would have taken place if the Stimulus Money went directly to individual banks to be available to Mortgage holders who were on the verge of Foreclosure or New First Time Home buyers.
yes, keep cash for clunkers going!
get the 2 billion from the money stolen by haliburton
Yes! It's a fantastic program modeled on the approach that manufacturers take when promoting goods to consumers everday. In fact they should repeal some of the more compromised areas of the stimulus bill and find a way to provide even more funding for "Cash for Clunkers". "Cash for Clunkers" is acheiving the desired result and it is ensuring that a greater percentage of those "middle classers" who would buy a car anyway are buying cars that are more efficient. As for those middle class consumers who would have bought a car anyway, we are still allowing them to keep more money in their pocket. I would expect a portion of that to make its way back into the economy.
The the cash for flunkers program was approved for the rich.
So the the poor deserve the cash for clunkers, which by the way Jack
was how the poor managed to survive the past few years.
YES YES YES It is a program that is actually working! This program is a win-win, and It is stimulus that is working. It is helping the auto industry maintain production and keeping people employed, decreasing our oil dependence and helping the environment with increased fuel efficiency and helping to jump start the economy.
Not as it stands. They should revise the program to provide a tiered rebate based on vehicles getting over 30 mpg only. The original plan moved a lot of vehicles and got a lot of low-mileage, high-pollution vehicles off of the road. Now it's time to be more discriminating and reward consumers who dramatically increase their mpg and/or purchase alt energy/hybrid vehicles.Limit phase 2 to 1 billion dollars.
I'd much prefer to see $2 billion go to an effort at getting gas guzzlers off road instead of bailing out failing banks and millionaire bankers. Just maybe we'll get a cleaner environment and keep some jobs at automobile dealerships.
Yes Yes Yes What is wrong with bailing out the middle class and returning America back to the working class
Dennay from Austintown, Ohio
Why is it that when something is actually working, of course they want to SHUT it down!
It's insane. They should give up the money. This is a good opportunity for consumers and for the economy.
Just give it a chance!
Jack, for those of us working poor, the $4500 cash for clunkers program still doesn't work. What difference does it make if a car is $30,000 or $26,000, the monthly payment is still out of reach . Why don't they make that same discount available on 1 to 3 year old fuel efficient used cars? Then, maybe the rest of us working stiffs could afford the payments. The rich and upper middle class still win....the rest of us still lose. What else is new!!
NO! I'm a Democrat from Mi. The GM workers are getting as much as $8,500 additional money off a new car or truck. Wait till 2010, they'll end up with too many cars/trucks again and want another bail out!
Absolutely, this is the only stimulus program that seems to be working. Dealers, consumers, salesmen and the environment benefits. And ultimately, the economy benefits. Kudos to Rep. Butty Sutton of Ohio for working hard to ensure that more money is added to the program.
The Senate which is filled with a bunch of clunkers should vote for the
cash for clunkers program. That program actually works, something that
the Senate rarely if ever does. Senator Jim Demint is your typical old
white bigot from the South, he is nothing more than a sad caricature.
come on .. is there really any question? has there been any gov't program so wildly successful EVER ? progressives see a way to get to better MPG cars (the future) conservatives see less dependency on the middle east
everyone should see : less pollution, economic stimulus, safer vehicles (more new cars have air bags and good tail lights) etc.
if there is any tweaking of this bill : go from 4 & 10 mpg increases to maybe 6 & 12 mpg required LET'S REALLY GET RID OF THE GUZZLERS and give our kids a better world, one dead SUV at a time
It's also good for consumer confidence. If I trade in a clunker I owe nothing on for a better car which I now have a payment for I'm pretty confident I'm not losing my job any time soon.
The question is: Are the banks making more bad loans in this cash for clunkers deal? They better be making only prime secured loans. No more sub-prime loans. If the people are a bad credit risk then they should not be able to buy a car with credit.
Why am I not being surprised that the Republicans are against another $2 billion for extending the program.
So it may help middle-class people who may have purchased a new car anyways. Why cares? This is an insentive to purchase. I hope the Republicans were not thinking of the lower class families were expected to shell out $15,000 or so on a new car when they surely can't afford it – even with $4,500 off.
Getting those bigger gaz-guzzling trucks off the road is just an added bonus.
I think in the end the Republicans were jealous that they didn't think of this while they were in office as they let the economy drop dead.
Spending $2 billion where they know that it's a programme where money won't be wasted instead of spending billions upon billion trying to save the big three is money well spent.
Yes, Yes, and Yes we should keep this program going. It has proven to be successful and people are buying and everyone is benefiting. Get the gas guzzling polluters off the road, and recycle them and reduce oil consumption and hopefully give us some cleaner air.
cash for clunkers is a joke. good for the car sellers but i cant see a benifit for the buyers. the sellers have the price of their cars listed as the suggested retail price.no sale here . all their doing is taking your car for nothing and getting money from the government. you could have gotten the same car 6 months ago on sale for the the cash for clunkers price minus the clunker.
Jack, I don"t like the idea of giving my Tax money to People to buy new cars. This is helping the Middle class & the Car Manufacturing Co.S. I dont have the Money to buy a New Car and cannot buy the Health Care we need. This is Insane and I"m a Democrat.
Thanks Jack Keep everyone Honest. Jim.
No Jack they should not. It is not working. The paperwork is a mess. They ran out of money and the energy they save is used up in building the new car. They are crushing some very good cars that could be used by people they need a car to get to a job. Why the auto industry.
Why not the furniture business? We don't have 2B to spare and if
Schumer get his way it would be 10B. No No No
ABSOLUTELY not. Who pays for this? This only adds to our countries deficit. I resent the burden it will place not only on my generation, but those to follow.
In a word, YES...My son works for a Ford dealership and Saturday after their month end figures were tabulated, a co-worker jumped to his feet, hugged my son and kissed him on the cheek....all because the cash for clunkers program brought in enough sales that this gentlemen would receive a paycheck that would cover his rent and buy his children school clothes and supplies that he did not think he was going to be able to buy....As for John McCain not supporting the program and planning a filibuster, does anyone recall from the campaign the number of vehicles he owns? The people that are participating in the cash for clunkers program usually only own one.....
They better if they have a clue. The government allocated billions to financial institutions as well as Chrysler and GM. While I agree with what was done because these sectors of the economy are the engine that drives the proverbial car, many Americans don't. Whether it's ignorance, anger or apathy, many Americans have been wondering when all the bail outs will improve their lives in a tangible way. The $3 billion potential outlay for Cash for Clunkers is peanuts when compared to the billions we may never get back from Wall street, not to mention the smiles on people's faces when they get behind the wheel of their new car and actually feel that their government is making a difference in their lives. Oh and lets not forget the boost that the auto industry would benefit from and the positive impact on the environment as well. It's a win/win, no, actually it's a no brainer.
NO , NO, NO, My friends that are multi-millionaires are having a great
time spending all the give-aways from this idiotic government. . This is borrowed money that our children must someday pay back. STOP this crazy throwing away of bllions. I think our government has tusyt gone crazy and all they kniw how to do when there is a problem
Can you please make sure the people of this country know that it is the GOP that do not want you to get a rebate for an old car to help sales and the environment (maybe there are no auto plants in Arizona!); it is the GOP that did not want the GI bill enhanced to give more benefits to outgoing veterans; it is the GOP that wants you to not have health insurance if you don't have it now; it is the GOP that wants to stop any global warming pollution-limiting legislation.........and yet it is the GOP who is claiming that Obama is ruining the country!
To your point....Cash for Clunkers should not run without a budget however, they should compromise and give 1 billion more only.
Yes. It works. It is helping & stabalizing the care industry. It is helping those who have good credit & that can afford to go out & buy a new car. But, a CAVEAT- What about those who don't have good credit & are the working class poor? All that they can afford are the "clunkers" & they're barely keeping their jobs. What happens when their car dies, as they used to be able to go to a junkyard & pick up a replacement engine for minimal cost. They were able to fix it themselves without a computerized machine & expensive tools. What about their handout to get a leg up in today's economy?
Cash for clunkers is not a fair way to help the poor. My neighbor has better job than me and has two cars, one being a clunker. He is going to use the clunker to get help. I have just one car that does not qualify as a clunker. This is unfair distribution of the national cake.
Wouldn't it be interesting to do a survey of the people who turned in vehicles for cash for clunkers and determine how many were Republican and how many Democrat? I would bet a majority were Republican. They are against all Democrat programs, however, are usually quick to take advantage of them. I am happy that Ford is seeing sales and profits from this.
Good Lord NO! Why would Washington support a program that helps to jump start the economy. My husband has worked in the automobile business for close to 40 years. In the past if the auto manufacturers were doing well it was a sign of a solid economy. Cars for Clunckers has helped stimulate this industry and will inevitably help our environment. I say let her roll. Let's not let anything stand in the way of America's romance with the automobile.
Yes, keep this project going. My 23 year old son took advantage of this program last week. My daughter is going to "trade" her clunker in tomorrow!
Well now that makes perfect sense; cut a program that works and keep things that don't? We're supposed to be stimulating the economy, and it's working. Let's actually do the right thing here and keep it going.
My brother is a car salesman and he says he would rather eat bologna and mustard sandwiches for 6 months than do all the paperwork that comes with all these "wonderful new car sales" under the Obama Clunker program.
Of course, the government should continue to fund the program. Big Oil supporters may not like it too much because fuel-efficient vehicles decrease demand for Oil.
The program is the long awaited help for Main Street because it provides help to ordinary Americans, jobs for auto workers, and many other things.
In the past, the government has provided money bailouts for Wall Street which explain the Dow rally last month. Now, we need a bailout for working Americans.
Much to the dismay of the GOP, it's one of the most successful programs ever offerred by the Feds. 750,000 guzzlers off the road; and with the fresh, means an additional 500,000 fuel efficient cars along with the 250,000 already sold. Environmentally superior, more economy in the driver's household budget, and helps reduce our foreign oil dependence.
I would say, "Yes" Jack, but as a Soldier that was deployed to Afghanistan for a year, I do not qualify to take part in this program. All because I was not able to get back to the States in time to register my vehicle. It went unregistered for 58 days so I being denied the opportunity to take part in this program. Even though I was the only owner for 14 years, I am being told that "Rules are Rules" and it would take an act of Congress to assist me. If I have to wait on Congress, the money will be gone.
After failed banks begged for a bailout which was not deserved it is now high time to pay attentention to a needed public by granting not 2 but 20 billion in aid to the masses! More than enough CEO's hightailed it with millions of stole cash !
I work in automobile industry and I think that the program is a huge success and they should vote yes. The notion that people would have bought a vehicle anyway is not true in most cases. Because more than half the people that have purchased from our store say without the Clunker Cash they would have had to buy used vehicles. The cash has allowed folk's to buy new vehicles with excellent fuel mileage and help make their payments affordable. The CFC program has really helped in other aspects as well. The salvage yards, the towing company"s are busy . The insurance companies are rebounding cause people are buying cars that require full coverage. Their are more positives than negatives. However; the folk's that are against this Administration will vote no simply because it wasn't their idea...
Jack: I am 70 with a 9 year old car. I always tried to buy a car that drove good and got good gas milage, So now I need a new car BUT my car don't qualify as a bad milage clunker, But My TAX money is being used for the fools who had to have the land yacht in the past to get My TAX Money for thier new car. I feel that being raped as a Tax payer is the Policy for our new administration. When does a Responsible Conservitve TAX paying Citizen of this country get a break from his government? Now more of My Taxes is being ask for for more fools to get Cars by Fools in Congress. Robert
Anything that helps out the middle class is OK with me. I'd rather see the money go directly to the people than to large financial institutions that only turn around and give big bonuses to people who don't deserve them.
Yes, let's just throw away more money since we're in the middle of a recession. It's no big deal. We've already thrown away about $800 billion thanks to this President. What's two billion more?
Jack, for those of us working poor, the $4500 cash for clunkers program still doesn’t work. What difference does it make if a car is $30,000 or $26,000, the monthly payment is still out of reach . Why don’t they make that same discount available on 1 to 3 year old fuel efficient used cars? Then, maybe the rest of us working stiffs could afford the payments. The rich and upper middle class still win….the rest of us still lose. What else is new!!
Yes, it will help clean up the air we breath and lower the need for mor imported oil how ever small ever little bit helps.
As long as the clunkers don't endup on a used car lot it may employ more help to grind them up and melt them down.
Jack, yes. What amazes me, anytime taxpayer dollars are spent on U.S. citizens, here comes this opposition from conservatives and particularly ones from the south and the southwest. If they were so worried about the taxpayer dollars, why weren't they screaming when that eight billion was lossed in Iraq that no one knows what happened to.
It was a good idea to give the car biz a shot in the arm, but let's close it before it becomes welfare for Range Rover drivers looking to upgrade to a "more economical" five series Beemer. Programs like this can only help those with the financial resources to take advantage of it. Most people struggling to keep a rusty '92 Buick on the road would never be able to afford the new wheels even with $4500.
Yes. This program is direct help to middle class working americans.
These new cars are not only more fule efficient,they also have improved safety features.
Some in Washington are always saying we need to give more tax payer money back to the tax payer. Well this is one way to do it. Time for the Senators who talk the talk to walk the walk.
Dear Jack, These folks in-charge have no problem giving billions to banks, which the average American never sees in the form of help with home foreclosures or low interest loans. Now comes a plan out of Washington that by all accounts is working. They put the money, this time, in the hands of the folks that need it, and they get the desired result. Of course, true to form, our so-called friends in Washington are having second thoughts as to whether the program should continue. Hint: Unlike Congress, its working, and should continue.
I don't understand why the government is rewarding irresponsible people, who've bought gas guzzling cars that polluted our environment, with huge discounts.
Why not simply give reasonable rebates to anyone who purchases one of the most fuel efficient cars available today–or is that too simple a solution?
Additional caveat – What about the currently unemployed, who won't be approved for the credit to go out & upgrade their car? Why is it that the ones who can afford are able to take advantage of programs such as this one, yet the ones who really need them are not?
Are the banks making good loans? Wouldn't it be terrible if they were just making more bad loans on these car deals. Just what we need. More bad loans. There has to be a punishment for people who are a bad credit risk. They should not be able to get a loan. It's time to go back a few years to when banks had to check people out and make sure that they could afford that payment. It"s time for banks to do their job and avoid making bad loans.
Let's see, a program that is possibly rebounding the main manufacturing industry in the U.S. possibly getting many people back to work, giving the middle class a break, providing the Republicans something new to whine and pout about, I say keep it going Jack.
Ain't it great.
Absolutely!! This program is clearly helping this ailing auto industry, and thus, the entire economy!
Another 2 billion? Thats an expensive Band-Aid! Car sales are gonna go flat as soon as the money runs out. We are gonna be back at square one. They didnt even force people to buy cars assembled in the US. How did that happen?
Invest 2 billion in education. Education has guaranteed returns. My sister is a HS math teacher and to save money they (teachers at her school) cant even use the copy machine for their classes. Our government needs a more long term approach to the economy and our money.
Yes we should continue the clunkers for cash program! It is working isn’t it? The only negative thing I’ve heard comes from the ones who did nothing for years and years in preventing us from having to take drastic actions like this. Why should we listen to the do nothings and stop the program? My brother is trading in his gas drinking Bronco for a car that gets better mileage. Praise God.
People who said this would never work to begin with are now complaining that it's working to well. Most of the rants I've heard against it are horribly mis-informed to begin with. I know the rules to this program are a long and boring read, but at least if they read them, the naysayers would have to make a truthful argument against it.
Cash for clunkers should have been more stringent on what qualifies. Give an inch, take a mile. It's no wonder that it ran out of $ so quickly. Make it real clunkers, 16 MPG with dealer verified proof from the mechanics in order to get the money. It's sad when brand new programs need reform, isn't it?
Jack,this is very rare,a government program that actually works,It increases sales,gets rid of gas guzzlers,and is a boon to the salvage yards,Congress should put even more money into this program.This is legislative work of art that should be on display in the Smithsonian!
Well Jack, the auto industry loves it as well as the buyers of new cars. It's a sweet deal. Now if I could afford a new car I would love it too. As far as making an impact on the environment good luck. Cars only contribute about 14% of environmental gasses and livestock about 19%. Coal on the other hand contributes about 50%. This is no big fix and meanwhile the taxpayers get stuck with yet another bill.
Yes, they should approve but not as new addition. They should take away $2B from something else that's not working as stimulus. The Republicans won't vote yes for anything these days. That's just the way they are since the guy at the White House is from another party. It amazes me how the Republicans don't want to credit Obama for any improvement of the current economy and at the same time, don't want to blame Bush for the current state of the economy. So, has the economy got a mind of its own and decides when to go into recession and when to come out of one?
Absolutely NOT !! What is wrong with these people in Congress? First, they create a Healthcare Bill and exempt themselves from it’s provisions and now they vote to ADD 2 BILLION dollars to a Bill they passed and clearly funded as a one-billion dollar expenditure. In creating the Cash for Clunkers Bill they had to know that this one-billion dollar expenditure if fully spent would enable the movement of approximately 225,000 cars/trucks. It appears that their goal was met and it doesn’t matter if it took 1-week or 3-months. IT IS OVER when the billion dollars is spent!!!
There is no benifit to Cash for Clunkers. Your taking a car that may be a gas guzzler but paid for, giving the auto industry a short term boost via tax payer assistance who by the way we have already bailed out, creating even more pollution due to the manufacturing of these new cars,and putting the already debt strapped person into more debt with higher taxes since somebody has to pay for this in the end. This is nothing but pulling demand forward or as people have become fond of saying kicking the can down the road. The moment they stop the program, is the moment that any benefit from this program ends and the problem actually gets worse as far as the economy goes. It should have never been started in the first place!
I think the senate should approve another 2 billion dollars for "cash for clunkers". This program is helping to simulate the economy by giving people who are worried about high gas prices in the future some money to get rid of there old cars to get more fuel efficient ones. It also is giving car dealers a boost. Ford has had its best month in over two years. This program should be extended to help more people get money for new cars. This is a good way for our government to spend its money. I'd rather them use 2 billion dollars for this than waste it on bailout money on company's who don't need it.
Yes! , this is about the smartest idea to come out of washington in a long time. It not only is good for the enviorment but also good for auto manfactures, dealers, and the car buying public. Cash for clunkers is a win win all around. It's nice to see our taxes being used in a way that actualy helps the people that pay the taxes!
Dave from NH.
The clunker stimulus seems to be helping the auto industry, but one has to wonder if clunkers are being exchanged more than once, i.e., traded for a new or used car, sold again cheap, and traded again for another new car. Isn't that the way capitalism works? Seems to me that giving credit to people who own gas guzzlers is like paying credit card bills for people who maxed out their credit cards, or paying mortgages for people who bought more than they could afford. What ever happened to free markets?
Absolutely not. It is irresponsible Government/Leadership to continue spending like we have been doing since Obama took office. In fact, the Obama administration should stop spending money they do not have (our money) immediately. Adjust their spending behavior to be more responsible and so that it does not exceed the income. (JUST LIKE WE HAVE TO DO). Stop borrowing money from China to pay for stupid stratagies that have proven to be failures, or to fund Democratic political agendas. I would fire Barack Obama and his entire administration right this minute if it were up to me.
Do you really think 250,000 clunkers are going to be dismantled, killed, so as never to run again??? These clunkers are worth big bucks south of the border and I am willing to bet a racket is going on now to divert lots of these clunkers to Mexico and further south. They already do that with old wrecked vehicles. How valid is this program to kill these old clunkers? Is that part working? If so, give them more money to get those smoke bombs off the streets, if not then we will send the smoggers south.
Yes. It is giving a big lift to the auto industry, and also causing consumers to spend.
Before I can answer, I would like to know who's making these loans. Could it be that loans are being made to folks who can't afford to honor the agreements? Could there be another bailout on the horizon?
And by the way, if we end up with a lot of repos, maybe we can park them in the driveways of all those foreclosed homes.
No. Detroit and their unions are extorting Washington and our international balances of payments. Detroit has had more than 30 years to adjust. Why . . . just last summer and fall . . . people all over the place were howling about fuel costs. Even the people have had more than 30 years to consider their situation. Luckily, Bush and sympathy have found an ear with OPEC resulting in that $2 drop in gas. It's not going to last too long. And rightfully so . . . if anyone loves their children and grand-children's grand-children. It's that important.
Andy of Sierra Vista, Arizona
Jack, I am confused. 50% say Yes and 50% say NO to the cash for clunkers program. Used cars also keep the economy going with the parts that need replacing. It seems this program came out of now-where and is going to solve a lot of problems? So would cash into homeowners pocket books so they could pay off the car/suv/trk and buy a home with the money previously spent for car payments. Is Obama/Congress drilling for oil? If not they will need a very large oil field to continue his currrent spending program. I am afraid the oil field is in the same location as always, a Tax on all of us.
Yes Congress should continue the Cash for Clunkers program. Our biggest problem facing the nation is our continued reliance on oil and that we import 60+% of it. People will not change their preferences for gas guzzlers without a discrepant event. Four dollar gas got some people to change their driving habits and/or purchase a more fuel-efficient car but absent another extreme event something like Cash for Clunkers will encourage and entice more to buy a more fuel-efficient car. The whining by Republicans is because they did not come up with the idea and it is so popular, and because as conservatives they do not want to change the status quo, even if we are transferring so much wealth to other countries.
Yes. It's working the way it is supposed to. It's a "win win" in the long run when you consider that it truly stimulates the economy.
Yes, the program worked! What is all of the negative fuss about? I have to keep reminding myself that its all of the election losers that keep throwing rocks at any and everything the Obama administration does... There's a heckuva lot of 'em out there, rocks ready...
The money is already approved and sitting in the stimulus money now, Just direct it to this program which is actually doing some good!!
And tell the senators to leave it alone, done mess with something that is WORKING and it is great.
We finally got rid of our old gas guzzler of a Dodge Truck (10 miles to gal) for a lean Toyota Rev 4 that gets 28 miles to gallon! Perhaps would not have been able to do this without the program Dealers finally willing to deal!!
We got a great rate from our Credit Union, which many folks constantly over look.. Thry them they are better than regular banks!!!!
Yes, fund it! It is a WIN for the environment. It is a wWN for the auto industry. It is a WIN for the middle class and anyone who needs a car with better gas mileage. It is what we should be doing with our money.
Wall Street loves it....It was a great success in Europe and who would doubt that it would be a success here? The Republicans just say NO to anything and everything...they would be all over this if it wasn't such a big success. They nixed it from a 4 billion dollar funding down to 1 billion and now we need more.I wonder if they will get elected in 2010 with their obvious disdain for the environment, the middle class and the hispanics and black people.....I switched from Republican to Democrat because of their nonsense.
Absolutely not. All this manipulating of a very shakey market will only backfire. What happens a year from now when the dealers lots look like ghost towns because everyone who would or could buy a car already has one? Sounds like another massive wave of car dealers going out of business and ex-employees hitting the unemployment lines. Just let the market work the way it's supposed to.
Just give me the money for my clunker and get rid of the middle man the present method is a rip off to poor people.
The Republican opposition to programs that benefit the middle class makes me wonder if they're jealous of their political colleagues who parlayed their personal lives into the headlines. Are they playing "Who can be the meanest to Democrat voters?" Shouldn't the Republicans have been this critical when handing out billions in tax money to the financial institutions? People who have 'clunkers' lying around are as deserving of a "bail out" as the BMW-driving financiers. Has anyone called the Republicans hypocrites?
Yes, as long as it's Detroit Iron.
They should only approve it if the cars turned in are donated to charity. Why waste perfectly good cars. There are many great organizations that rely on cars as donations from the general public. I think the government should start caring more about it's people than its trees!
Tim in Omaha
Yes, much more money should be given to the "Cash for Clunkers" program. It is being successful in cutting our need for foreign oil. Less demand means lower gas prices, too! This program should be used to help Americans buy electric cars starting next year. We will see lower gas prices and less pollution. Our car repair bills will be lower, too.
I don't get it, it was a good idea to give the wall street guys, who caused this mess in the first place, almost a trillion US dollars. Now we're crying about a measly three billion dollar program that is actually doing what it was designed to do, to get people spending and get the gas guzzlers off the road. Besides I kind of like the idea of giving the car makers money to build cars, then giving them more money so they can give me a discount on buying one of those very car and then giving them my old gas guzzler so they can sell it to my sister for $9000 on their pre-owned lot.
Absolutely NOT! Has the whole country gone nutz? Giving taxpayer money to the auto industry, to bail out banks (GeezUs!) and folks are losing jobs, homes and retirement? This is insanity at it's best....I drive a "clunker" because I can't afford a car payment, full coverage on the new car and mine still works just fine. Obama is crossing the line by bailing out everyone but the taxpayer.
Sure, but make them by American made cars. That is what it is all about. Jobs! American jobs!
The first successfull government program in memory . . of course the additional funds should be approved
Go with what works.
No. The auto dealers will come back if and when the economy comes back If this is a depression, then they are but one of many parts of the economy that will be in trouble for a long time. Can't pull everybody out.
If this is not a depression, then things will improve over time.
Yes. It's a twofer:
a sales stimulus and an environmental plus.
Absolutely NOT. This givaway adds no value to the economy. Remember that we all pay for this program, either in higher taxes or programs that cant be funded. If any program in the stimulus should be extended with a couple billion more, it is the weatherization program.
No way this program only gives you money if your new car gets 2 miles more per gallon .If you own a compact or a car that gets good gas mileage this program gives you nothing. If you own a big SUV then you get rewarded . This program does not reward the wright people
Hey Rich what was so successful about this giveaway????? It will do nothing but for the car industry period! As soon as the giveaways for clunkers is over then its over, our economy is not going to grow by selling a few lousy cars thats been in inventory for months! And dont try the notion that its for the enviroment because trading a 18mpg clunker for a 22mpg still makes it a clunker, its not going to help the enviroment unless you believe in the tooth fairey!
Sure. Then they can throw a few billion at the hotel industry, a few more billion at the airline industry, a few more billion at the housing industry, and then a few more billion at whatever other industry needs help. By the time that is all done, my great, great grandkids will really be screwed!
Jack, love to help, but I still don't know why they approved the first billion!
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