Cash for Clunkers over (accounting, debt, buy, interest)
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AP just reported cash for clunkers program suspended. It was not a well thought out program, dealers are concerned they may not get their $4500 per car from the government, the average was only 12 cars per dealer.
AP just reported cash for clunkers program suspended. It was not a well thought out program, dealers are concerned they may not get their $4500 per car from the government, the average was only 12 cars per dealer.
Ya, let's put these guys in charge of ALL our healthcare.
The average time for approval for 1 clunker car was 5 hours and thus there was a huge backlog of cars that are pending review and approval....uuhhh let's see we increase access to healthcare to all and more people need approval for a procedure...average time for approval and backlog by the gov't....ooops AP reports that gov't healthcare must be suspended due to the backlog of too many claims....its just ridiculous. govt *****s things up.
Interesting tangential connection to healthcare, but this isn't what cash for clunker is about. The reason they are canx'ing this thing is because it never got the traction is was meant to get. Govco didn't do the homework any joe blow business wannabe does the first day of business: "WHO is my customer base?" Quite simply, the program attempted to target a population of drivers of paid-off vehicles, with a rebate that in no way reduces or even breaks even the transportation costs these drivers currently have with the so-called clunkers.
As it stands, miles-per-gallon alone cannot overcome the overhead of a car payment, which is what the program miserably failed to consider. People who drive paid off cars do so BECAUSE they don't have a car payment, therefore a measly $4,500-$7,000 total rebate will not buy down the cost of a new overpriced car, regardless of MPG, which is why the program fizzled. Apply said rebates to used cars and now you have a true incentives, but as we should know this had more to do with pushing the agenda of the "green economy" bubble our keynesian economics lunatics are sore-knee praying props up our debt-based currency corporatist economy where the housing bubble and the fine art of wall-street paper-trading and fuzzy accounting left off. This has nothing to do with governmental bureaucracy and processing times, or health care......
I feel the program was destined to fail from the beginning as the government did not do their homework.
Germany did the same type of program. 80 million population and allocated $4billion and it really helped.
USA 300million and allocated $1billion. Just out of whack.
Wouldn't it be nice to know who the actual brain was behind this debacle.
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