"Cash for Clunkers" bill has been defeated...

[metalman]

First, as proposed it appears it would be voluntary program.
Secondly, there is no way that antique and classic cars will be legislated into the scrap pile. Americans are too much in love with the automobile for that.
This is just a feeble treehugger attempt to 'buy' so called "inefficient" cars from citizens.

[quickdodge®]

First, as proposed it appears it would be voluntary program.
Secondly, there is no way that antique and classic cars will be legislated into the scrap pile. Americans are too much in love with the automobile for that.
This is just a feeble treehugger attempt to 'buy' so called "inefficient" cars from citizens.

I posted in my initial thread that a bill to get rid of all older, more polluting cars was shot down by Congress last week. This is a new one to be more specific. There is a way it could be legislated. If the bill passes. But, like it's predecessor, it won't, I'm sure. Later, QD.

[Mike Lowrey]

In the first year of the program, a person trading in a vehicle that is model year 2002 and later would be eligible to receive $4,500 for purchase of a new vehicle, $3,000 for purchase of a used vehicle or $3,000 for transit fare credit. For model year vehicles 1999 to 2001, drivers would get $3,000 for the purchase of a new vehicle. Those who trade in vehicles that came out in 1998 or before could get a credit of $2,000 for a new vehicle.

OK, so....

2002-2008 = $4,500 credit
1999-2001 = $3,000 credit
19xx-1998 = $2,000 credit

The bill envisions the program operating for four years and encouraging the retirement of up to one million vehicles a year

and..... 1 million cars per year

Initial estimates set the cost of the program between $1 billion and $2 billion a year.

So, how did they come up with the $1-2 billion a year estimate? By my math, even if 100% of the cars came from years previous to 1998, it would equal $2 billion. So, it should be $2 billion++ a year.

Gov't = FAIL.