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Exactly. This is nothing more than a reverse bail out. There wasn't the political will to give the money directly to automakers so they just waited a couple mon
by oldgregg 17y ago
Exactly. This is nothing more than a reverse bail out. There wasn't the political will to give the money directly to automakers so they just waited a couple months and repackaged it.
- caseysoftware 17y agoOne thing I had forgotten until yesterday... what about college students, people just starting out, or the poor in general? I don't know about you guys, but in college I went through two of these clunkers, neither lasting more than two years. What happens to the price/availability of them as you take 2M of them off the road?
- roc 17y agoNot much. This program is only collecting up the 14mpg battering rams that no-one is buying; not even college students. (The difference in gas between a 'clunker' car and truck will approach the cost of the vehicles themselves in a year.) A large part of why this program is so popular is precisely because these particular vehicles are worth almost nothing without it.