Comments on: Cash For Clunkers

By: What Other Bloggers are Saying | Options for Rookies

What Other Bloggers are Saying | Options for Rookies — Fri, 28 Jan 2011 04:48:52 +0000

[...] media’s and the analysts’ supposed explanations for why it’s doing it)." *** Preet from WhereDoesAllMyMoneyGo writes: "A new economic stimulus program in the United States was unveiled earlier [...]

By: Patrick

Patrick — Fri, 12 Jun 2009 14:18:37 +0000

Ok, so all that’s left is the moral hazard of rewarding people for buying gas guzzlers. What about the poor sucker who bought a civic instead of a minivan ten years ago because he was concerned about the environment? (I’m not thinking of anyone in particular of course…)

By: Preet

Preet — Thu, 11 Jun 2009 01:52:42 +0000

@Four Pillars – it’s a free for all down there!

@Patrick – yeah, I would peg that at fraud. I would guess they would use the EPA ratings.

@Thick – great analogy!

@Ink-Stained Gorilla – oh man… :)

@Xenko – as above, that makes more sense and is objective.

By: Cash For Clunkers

Cash For Clunkers — Wed, 10 Jun 2009 20:28:33 +0000

[...] per gallon (combined highway/city) you can turn it in and receive a voucher worth either $3500 click for more var gaJsHost = ((“https:” == document.location.protocol) ? “https://ssl.” : [...]

By: Xenko

Xenko — Wed, 10 Jun 2009 14:57:12 +0000

“Would it be considered fraud if someone were to, say, remove a spark plug or two to make their existing car less efficient?”

They will, I am assuming, be using the Federally tested mpg ratings for a specific make/model/year, and not testing each individual car.

By: Ink-Stained Gorilla

Ink-Stained Gorilla — Wed, 10 Jun 2009 14:02:01 +0000

I’m curious to know what the economic fallout from this will be if it was ever implemented. Like all things, the bill will come due. It’s a question of who will pay it and where the costs will be offset?

Still, that’s a lot of money for a used vehicle. Is is time to arbitrage old pick up trucks with a market value less than $3000?

By: Thicken My Wallet

Thicken My Wallet — Wed, 10 Jun 2009 14:01:57 +0000

I thought the U.S. government already had a clunker program. Wasn’t it called the take over of GM?

On a more serious note, did someone forget to tell me that money was going out of style? How much more stupid money and debt is the U.S government going to incur? I am not sure a fiscal policy of going broke to try to stimulate an equally broke consumer works well in the long run.

All you are doing is throwing a life-line to a drowning person who may drag you into the water as well.

By: Patrick

Patrick — Wed, 10 Jun 2009 13:07:58 +0000

That’s a pretty big incentive to “clunkerize” your existing vehicle. Would it be considered fraud if someone were to, say, remove a spark plug or two to make their existing car less efficient?

By: Four Pillars

Four Pillars — Wed, 10 Jun 2009 03:07:31 +0000

Wow, that’s a lot of money for a clunker. They are giving money away down there – I need to write about that…. :)