well thats sweet that they are just going to handout 4500 to the poor out of tax money and my parents get stuck with paying 30k for my car and in a couple years im going to have to start paying for? this government gives out money like crazy to the poor, its frustrating for those who work hard...this is why i hate politics lol and that 8k tax credit is bs too!
This is a terrible idea.
For one, it is designed to encourage "green" car sales but it is a fact that it is more enviromentally friendly to keep an old car on the road rather than to destroy it.
It won't work and all its gonna do is motive these people that shouldn't have been able to buy cars/houses in the forst place to think they can.
Isn't this working backwards? Seriously, they give you more than the car is probably worth (lose of govt money), pay the crushers and everything else to get rid of your car (loss of govt money), you buy a new car, cant pay for it, it gets repoed, and money lost again to pay the banks off.
Great plan.
I give it till 2011 before it is gone.
Originally Posted by Total_Blender
Its even more frustrating for those of us who don't have parents who can drop $30k on a car for us...
We actually agree on something.
You know what, I may catch shit for bashing you but who cares, you are fucking dumb. I'm amazed how people who don't pay taxes have such strong opinions on other peoples standard of living and the aid that they receive. Furthermore those who obviously have no understanding of the social aspect of this economy.
I came up in a household where seriously there were days I didn't know if I was coming home to anything to eat.. my mother was one of these "poor" people you talk about and I assure you our meaning of "frustrating" is MUCH different than a household that buys $30k cars for their children.
I left @ 18, and was dropping more on turbo kits than I'm sure a lot of you silver spoon fed mf'ers have ever sent to the IRS because I WORKED for it, no help. But I have never forgotten where I came from and the struggle that those under me continue to face.
Do I care about this plan? No, it sounds frivilous but I can appreciate what is trying to be accomplished here. I hate on nobody who is able to buy a house and contribute to this economy regardless of how they got there.
This sounds very conservative of you. I almost got the impression that you believed that people could succeed without the govt doing it for you.
And I have absolutely no idea what they plan to accomplish with this bill except to hand out money to more poor people. No one else is driving these types of cars unless they want to, or just have things they want more than a new car.
I don't think much of the money from this is going to go to poor people. In order to qualify, you have to have the credit to buy a new car.The program doesn't apply for the purchase of used vehicles. So anyone who uses the program will still have to have sufficient credit to purchase/finance a new vehicle. Granted, a $4500 down payment will help some for buyers with no credit/bad credit, but even buying an $8k Versa or Aveo (I think those are the 2 cheapest cars on the retail market) theres still a balance of $3500 that the purchaser would have to finance.
Another thing about the program is that to trade in a vehicle under the program, you have to have proof that you've owned/registered/insured it for at least a full year, so its not like people will be buying $500 beaters just to turn them in for the credit.
I see this program as more of a stimulus for the auto industry (as a whole) than for the consumers. Sure, people who qualify for the program and are able to buy a new vehicle will benefit greatly, but the real winners are the car manufacturers who will be getting the sales they wouldn't usually get in a time of recession... especially GM.
Although it seems like I lean left I am just as adamant about people getting off their ass and doing something rather than wait for the government as I am about Conservatives understanding that poverty does not = lazy.
You know who makes up a good majority of the poverty line? Single mothers, are they lazy? No way, a lot of these women are stretched thin between working and taking care of home and if there are programs out there that can lighten the burden I'm all for it.
As I have stated numerous time, I believe a welfare program is an absolute necessity. The problem is in the way it is administered. When people are allowed to make their living off welfare and make no attempts to ever get off it, I have a serious problem with it. It's one of those things, 1 bad apple spoils the bushel.
If you havent done it yet, check out my thread called "Political Crew". I would love to hear your ideas.
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