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BREAKING NOW! Senate Approves $2B More For Cash For Clunkers

Agent001 submitted on 8/6/2009 Official Bell & Ross Timestamp: 8:28:26 PM

20 user comments | Category: Spy News | Source: www.autospies.com

It's official.



The senate has approved the Cash for Clunkers extension with another $2B dollars.

The news just broke minutes ago...


BREAKING NOW! Senate Approves $2B More For Cash For Clunkers

About the Author

Agent001

FWD Torque Steer. Absolute proof the Devil exists.

— Agent001 (View Profile)


User Comments

thetruth01

Woo Hoo!

— thetruth01 (View Profile)

Posted on 8/6/2009 9:03:38 PM | reply to this comment | Votes: 1   

theoptimisticpessimist

Ahhh, the Saab in the picture doesn't qualify.

— theoptimisticpessimist (View Profile)

Posted on 8/6/2009 9:28:53 PM | reply to this comment | Votes: 2   

WorldofLuxury

That is nothing compared to the money lost at war - financially, politically, by casualties, long-term, short-term, etc.

— WorldofLuxury (View Profile)

Posted on 8/6/2009 9:35:40 PM | reply to this comment | Votes: 6   

PerformanceGuy

I have no problem putting more of my money into a plan that is actually working, unlike the money that was dumped into an uncalled for war, and cost so many men and women their lives.

— PerformanceGuy (View Profile)

Posted on 8/6/2009 9:47:09 PM | reply to this comment | Votes: 2   

DinamoR

Great news!!!

— DinamoR (View Profile)

Posted on 8/6/2009 9:57:39 PM | reply to this comment | Votes: 1   

enthusiastx11

how is it great news that the government is throwing around cash THAT IT"S BORROWING FROM CHINA? that's who's financing this and all our other debt.

explain to me, on a policy level, how this is sound economically.

— enthusiastx11 (View Profile)

Posted on 8/6/2009 11:06:16 PM | | Votes: 0   

0to60

Most of the banks have to pay back their debt with interest.

— 0to60 (View Profile)

Posted on 8/7/2009 12:12:53 PM | | Votes: 1   

enthusiastx11

how is this a lasting change that will lead to economic recovery?

it's a gimmick and the benefits end in a few weeks as soon as the next $2 billion is spent. no structural or policy change here....just throwing around money.

the debt unfortunately, will last for decades.

oh...and this program is not income limited, so people making $500k a year are getting the same taxpayer cash as the little guy.

SUCH BULLSHIT.

— enthusiastx11 (View Profile)

Posted on 8/6/2009 11:02:35 PM | reply to this comment | Votes: 0   

Joe_Limon

Correct me if I am wrong, but isn't the person making $500k a year paying a lot more to the government? Saying that he should be less entitled to this program as a welfare person is stupid.

But I also have to disagree, if the government spends $4500 per car, how much of that $4500 is it making back in taxes from the sale of the car, and it's components and all the transactions that took place up to the selling of the car that went to the government?

— Joe_Limon (View Profile)

Posted on 8/6/2009 11:11:33 PM | | Votes: -1   

Badgewhore

Plus, rich people don't own junkers worth getting rid of, they'll never qualify for the program. We won't see Jay Leno trading in any of his oldarse junkers for a Civic just to get his hands on the $4500.

— Badgewhore (View Profile)

Posted on 8/7/2009 2:14:30 AM | | Votes: 0   

Invisible

Not true badgewhore, my cousin just traded her clunker truck she would leave at their weekend cabin, and bought her daughter in law a new car.

— Invisible (View Profile)

Posted on 8/7/2009 8:32:32 AM | | Votes: 1   

Shredmo

Joe, there is a different, additional tax incentive that basically covers the sales tax paid on the car. People taking advantage of the cash for clinkers will get a real nice tax rebate when they do their 2009 taxes.

— Shredmo (View Profile)

Posted on 8/7/2009 10:34:15 AM | | Votes: 1   

Auto_expert

A plan that works, huh? The government giving away free stacks of cash. Who would have ever conceived a novel plan succeeding? Guy who thought this up should win a Nobel prize. No worries though. Taxpayers will pick up the tab.

— Auto_expert (View Profile)

Posted on 8/6/2009 11:26:00 PM | reply to this comment | Votes: 2   

Badgewhore

Have you've forgottened the govt. never give tax payers their money back? Consider this the first time it's ever happened thanks to Obama.

— Badgewhore (View Profile)

Posted on 8/7/2009 2:32:11 AM | | Votes: -3   

bfghemicuda

badgewhore....George bush gave taxpayers back there money @2years ago

— bfghemicuda (View Profile)

Posted on 8/7/2009 10:45:53 PM | | Votes: 1   

HyundaiSmoke

If anybody has ever lived in Middle America (Midwest and Southern States) there are many old clunkers that need to go. 1 Billion for this Program was a joke. Actually anything less than $50-$100 Billion for this Program is a joke, and only serves as a bandaid to a battered industry.

STUPID CLUNKERS, YAY GOOD RIDDANCE!!!

— HyundaiSmoke (View Profile)

Posted on 8/7/2009 12:26:43 AM | reply to this comment | Votes: -2   

theman440

The car alone does not a clunker make - people who do not properly maintain their vehicles make the clunker - put THAT in your pipe and HyundaiSmoke it !

— theman440 (View Profile)

Posted on 8/8/2009 12:34:45 AM | | Votes: 2   

Enforcement

wow hyundai, you sounds like a stupid bigoted idiot.

— Enforcement (View Profile)

Posted on 8/7/2009 12:49:02 AM | reply to this comment | Votes: 3   

sdcarguy

Couch change compared to the Wall Street and GM/Chrysler bailouts, and the wars.

What else have we done this well to stimulate (local) business in this great recession, prop up communities relying on sales tax, reduces oil imports, help the environment, and create a safer car fleet?

— sdcarguy (View Profile)

Posted on 8/7/2009 12:59:13 AM | reply to this comment | Votes: 4   

HyundaiSmoke

Yeah I got a problem Enforcement.

— HyundaiSmoke (View Profile)

Posted on 8/7/2009 9:16:27 PM | reply to this comment | Votes: 0   

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