Discussion:Fed. bill - car stimulus
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Discussion Forum Index --> General Chat --> Fed. bill - car stimulus
| June 11, 2009 | |
| Has anyone heard about Congress considering a bill to give up to $4,000 (or something like that) to owners of gas guzzlers so they can go purchase energy efficient cars? | |
| June 12, 2009 | |
| House passed one or close to it, Senate another....we'll see what happens. More free money. I was figuring they'd just start sending out Tahoes for stimulation. | |
| June 12, 2009 | |
| Yep....they get a 'voucher' to use to purchase a more gas efficient vehicle. Old guzzler has to be crushed or "shredded" (I don't think I can get a car in MY shredder :-)
Has to be 1994 (or was it 1984?)or younger vintage, voucher is $xxx ($4500 max) depending on what you get rid of vs what you buy, in terms of efficiency. Discusses minivans, SUV's, pick-em-up trucks. And they aren't talking about trading 18 mpg vehicles for 30 mpg ones; more in the range of "get rid of the 18 mpg for a 21 mpg one" - I guess as a percentage that's a lot but I don't see how that will have a large impact on America's gas/oil consumption. I read about it in the paper last night.....and these 'facts' are just what I remember......still scratching my head. Where is this money going to come from? | |
| June 12, 2009 | |
| Don't you think there's something wrong with the whole idea behind this? What kind of message is government trying to send here? It's okay to make bad financial decisions because, well, taxpayers will pick up the tab for you. Bought a house that you can't afford? Oh that's okay, we'll work something out so foreclosure is stalled for at least a little while. Paid your executives millions and now you don't have funds to keep the business going? That's alright, we can take care of that. Stuck with a car that no one else will buy because it costs too much to run? We've got a deal for you.
What about the poor sucker who is responsible, lives within his or her means, pays the taxes, etc.? Where's that handout? When does this welfare stop? | |
| June 12, 2009 | |
| Only when we don't have any more money to give and no one will loan us more. Because everyone (except you, Nat), are busy playing with their new phone and watching American Idol or whatever's on now, and therefore don't care. Anybody see Wall-E? We're there. | |
| 12 June 2009 | |
| They are doing a miserable job working out the foreclosures. What a farce.
The only way we would have been able to work out the foreclosures is to actually have bought the toxic loans with TARP, as first intended, and then let the government work with people. As it is, the mortgage servicing companies have decided it's less trouble to have these poor people fill out reams of paperwork, then say no, then foreclose. As for the CLUNKERS.... we are going to take a bunch of people with a paid for car, give them $4,000.00, and then let them go in DEBT for $16,000.00, or whatever it costs to get a new one. 'The idea behind this is that we can't let the suckers get accustomed to saving. They must be put on the consumption/poverty treadmill again at all costs. | |
| June 12, 2009 | |
| Yeah, and doing math in head for fun earlier while driving, I figure the payback is about 20 years with gas at 3 bucks a gal for the usual driver. Sure hope the vehicle is still around then. | |
| 12 June 2009 | |
| Did you folks hear this? The resale value(residual value) of new American cars right now is so low that insurance companies will be more likely to total the car in a wreck. Not worth repairing it. Therefore, this will raise insurance premiums on American cars. I read something about this on MSNBC.
All these people buying these Chyslers, trying to save money and do the right thing, are going to be so screwed in the end (unless the deal is so good they cover their premiums). | |
| June 12, 2009 | |
| Wonderful news, Crow. Another reason to get a bike.
JR, I think you're right on with the "busy-ness" of life. I've never seen American Idol or any reality show. It's amazing what can be accomplished in those 20 or 30 hours/week that some people spend watching TV. I saw Wall*E. I think we can still change things around, but it's not going to be easy. When did saving become such a thing of the past? | |
| 16 June 2009 | |
| [HR 2751]
TexCPA 12:16, 16 June 2009 (CDT) When did saving become such a thing of the past? When the individuals that lived and survived the Great Depression failed to teach their children and grand children the value of a dollar | |
| 16 June 2009 | |
| http://www.reuters.com/article/gwmCarbonEmissions/idUS93630051220090611
Hey Nat: The most fuel efficient vehicle on the market is the Cervelo P3 or, perhaps, the Specialized Transition. | |
| 17 June 2009 | |
| Well, if you read the law, they are going to destroy the cars outright. According to some car enthusiasts, this doesn't really help much as they use these cars for second hand parts which, believe it or not, helps the environment. It also hurts car dealers who benefit from trade-ins and resales of used-cars. In these uncertain economic times, this doesn't sound like good economic policy.
I said this before the election and I will repeat it here, the worst thing we could have is one-party rule. We really need a balance in Washington, whether it be a Democratic president and a Republican Congress or vice-versa. We saw under Bush how one-party rule worked under his first term. We are now seeing it repeat itself under Obama. There are extremes at both ends. Tom | |
| June 18, 2009 | |
| Tex, thanks for the link to the bill. I know I am in the minority often, but I thought more people learned to save until . . . well, I'm not sure. Perhaps a better question is: When did people start thinking that it's okay to keep living beyond their means? I understand sometimes it's difficult to save, but that doesn't mean we should keep putting "stuff" on our credit cards hoping things will get better.
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