Re: Cash for Clunkers Petition to improve vehicle fuel efficiency and reduce pollutio
He's got three signatures and only needs 24,997 by April 28 to get this in front of some sort of committee. Don't think he's going to make it. ;)
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Re: Cash for Clunkers Petition to improve vehicle fuel efficiency and reduce pollutio
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As far as raising the prices of good used cars... Car and Driver had an article that found the complete opposite of your article's findings. Just try finding a decent $2500 car around the time of CFC. It was absolutely impossible to find a good used truck. I bought my truck for $1400 in August of 2011. Do you think that would be possible if someone would get $4500 for it by trading it in (on a new vehicle they could not afford)? |
Re: Cash for Clunkers Petition to improve vehicle fuel efficiency and reduce pollutio
The only way I could even think about a C4C program that's acceptable to me, is that any vehicle accepted under the program MUST be a "clunker". The vehicle must fail an emissions test, and the price of repairs to make the vehicle pass must exceed 50% of the blue book value of the vehicle.
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Re: Cash for Clunkers Petition to improve vehicle fuel efficiency and reduce pollutio
United States DOT Press Release from 2009: "Cash for Clunkers Wraps up with Nearly 700,000 car sales and increased fuel efficiency, U.S. Transportation Secretary LaHood declares program 'wildly successful'."
The Link: https://www.dot.gov/affairs/2009/dot13309.htm |
Re: Cash for Clunkers Petition to improve vehicle fuel efficiency and reduce pollutio
Of course the Gov't is going to proclaim it a success. Have you ever heard of the head of any gov't agency admit that a pet project in their department was a failure? It cost us way too much money that we didn't have, and only supplied a short term gain in new car sales, while hurting the working poor, parts suppliers, and used car retailers. It also hurt new car dealers at the end of the program, as once C4C was concluded, everyone that was even remotely considering a new vehicle had already bought one, and new car showrooms were devoid of customers for many months after.
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Re: Cash for Clunkers Petition to improve vehicle fuel efficiency and reduce pollutio
Asking a Gov't agent whether or not one of their programs is a success is like asking a mother how cute & smart their child is. Of course her child is the most adorable child on the planet, and her child is also smarter than all the other babies.
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Re: Cash for Clunkers Petition to improve vehicle fuel efficiency and reduce pollutio
horrible program. horrible idea. but I'd love for someone to give me a bunch of money for a car I no longer drive. Brilliance in the Oval Office.
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Re: Cash for Clunkers Petition to improve vehicle fuel efficiency and reduce pollutio
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As a former car salesman and commercial lender, I can also proclaim that Jay's comments regarding the dealers not selling cars for many months afterwards is absolutely right. Numerous dealers around me were forced to lay off sales and service personnel. Dealer inventories skyrocketed, and some factories were idled (such as the one at which my brother works) to try to bring the supply down. That also had an impact on suppliers, I'm sure. |
Re: Cash for Clunkers Petition to improve vehicle fuel efficiency and reduce pollutio
If anyone has an issue with the US DOT article, please read it and comment on the argument, facts and figures, before dismissing it simply because of the author.
Again, the link: https://www.dot.gov/affairs/2009/dot13309.htm Another article to read for argument, facts and figures. It addresses the Edmunds.com analysis and also provides a chart explaining "Actual versus Projected Total U.S. Light-Vehicle Sales" from January 2009 to March 2010. The link: https://www.whitehouse.gov/blog/2010/...-work-intended |
Re: Cash for Clunkers Petition to improve vehicle fuel efficiency and reduce pollutio
In my opinion the US economy is in tight situation now, and in this election climate obama's first priority is creating jobs instead of creating pollution free vehicles.
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