Wea ll pay dearly for clunker policy

Wea ll pay dearly for clunker policy

There are 19 comments on the Berkshire Eagle story from Aug 4, 2009, titled Wea ll pay dearly for clunker policy. In it, Berkshire Eagle reports that:

"Cash for Clunkers" has a nice ring to it. Here is how it works. Go and purchase a new vehicle.

Join the discussion below, or Read more at Berkshire Eagle.

bodybuilder

Clockville, NY

#1 Aug 5, 2009
Excellent considerations! As usual these dermoRATs will drive the simple people into another huge problem. People who are happy to exchange their old car for much more than they can get in normal free market ($4,000) will be stuck with the loans about $25,000 on average! Then they never will be able to make payments and the evil banks will be blame for it. Exactly the same thing as with Dodd's and Frank's (the queen) housing scam. Meantime reasonably priced running vehicles will be junked and the price for old functional cars and truck will skyrocket. And as usual all the billions for these insane exercise will be paid by taxpayers and as oBUMa says by children of our children. Wait when obamanistas take over health care. it is scary just to think about it. The only thing the government do the best - destroying the only thing which works - free markets. This country will be like Kenya in no time.
art linkletter

AOL

#2 Aug 5, 2009
stay off the roids chris bonavere or timmy mcknight
oBUMa

Springfield, MA

#3 Aug 5, 2009
I told you change was coming. What more can you expect from an illegal president.This creep won't show his birth certificate? Why not? Got something to hide? Same creep never ran any type business and can not run the country. Printing more oBUMa funny money will drive us further into debt.
Question to liar liberal democRATS. Why hasn't oBUMa caught Benladen? Why hasn't he closed Gitmo? Why is he putting more troops into Afganistan? If anything this bum will be payback to the fools who hated George Bush because the press told them to hate Bush and payback to the fools who voted for this moron (many voted for him because he said he was black and he isn't ).He should be forced to prove he was born in this country or thrown out of office and sent back to the murder capitaql of U.S. Chicago where he can help finish off the blacks by keeping them poor and on welfare.
I know this is true because Chriss Dodd and Barney Frank told me and Barney Frank is a man we can all look up to.
Sanity

Midland, TX

#4 Aug 5, 2009
Democrats know everything --or at least better, ergo, they csn 'fix' everything. And oh, whoa unto those they help.
Tricia

Easthampton, MA

#5 Aug 5, 2009
I agree with this writer. It seems to be the same scenario that occurred with the housing market. Now all of these people who obviously couldn't afford a car in the first place will go out and buy one, not be able to make their payments, and we will end up with the car loan crisis!!

I will admit that I was sorely tempted to trade in my older car under this plan, but then my common sense kicked in and I realized "wait a minute", I am currently unemployed with no chance of a decent job in the near future, this would be disastrous for me. What if six months down the road, I can't make the monthly payments. How many other people will fall victim to this plan before really thinking about what they are doing?
Living in GB

Granby, MA

#6 Aug 5, 2009
Remember, this is the change that people voted for.

We are now also helping foreign car companies. Hyundai and Kia must be laughing all the way to their bank. All their models qualify for the payment.
Thank you Obama for supporting international trade.
Brian in MA - not MN

Minneapolis, MN

#7 Aug 5, 2009
With the exception of Tricia's reasonable perspective, it's discouraging that the thread so far is comprised largely of the usual tired and bitter commentary from people with nothing better to do. Instead of addressing the fringe conspiracy theories, I'll just focus on the issue at hand.

Any help the US auto industry and its dealers, suppliers, and ancillary industries can get is probably welcome in this economy;

Cash for Clunkers will put people back to work;

Better fuel economy is a good thing, and even if we take the writer's numbers as accurate, it will help reduce our dependence on foreign sources of oil

I do agree with Tricia on her concerns. Good for her that she is able to assess her own situation and has decided that the program is not appropriate. I hope that others exercise similar good judgement. In fact, if the car companies and banks can't adequately assess the creditworthiness of new buyers, then they will have to deal with the losses with NO hope of a public bailout. Perhaps that should be spelled out clearly.
marketeer

Easthampton, MA

#8 Aug 5, 2009
a thought for bodybuilder

If the banks make $25,000 loans to people without checking to make sure they have the ability to pay for it then they are foolish. Unless they then bundle those bad loans, at no risk to themselves , and sell them , after Moody's rates them AAA, and the regulators look the other way, then the taxpayers pick up the tab. Such is unregulated free market capitalism. Dem or Repub doesn't much matter, as we are now seeing.
Help

Hillsdale, NY

#9 Aug 5, 2009
for the auto industry of other countries certainly.

The Program works so well Obama needs to hide how well it works.

http://news.yahoo.com/s/ap/20090804/ap_on_go_...

Yes let's go green by throwing out old cars instead of recyling them. Every body knows it take less energy (foreign oil) to make something new from scratch, than to reuse materials of an old product.

“CARPE DIEM”

Since: Jan 09

Location hidden

#10 Aug 5, 2009
Brian in MA - not MN wrote:
In fact, if the car companies and banks can't adequately assess the creditworthiness of new buyers, then they will have to deal with the losses with NO hope of a public bailout. Perhaps that should be spelled out clearly.
anyone buying a new car and applying for a loan would have to have a credit check and "QUALIFY" for the loan. EVERYONE, expecially in todays market, should know better than to bite off more than they can chew. No one is forcing them to buy a new car. Logic stands to reason. The program is there for those who can afford it.
Brian in MA - not MN

Minneapolis, MN

#11 Aug 5, 2009
CURLY1 wrote:
<quoted text>
anyone buying a new car and applying for a loan would have to have a credit check and "QUALIFY" for the loan. EVERYONE, expecially in todays market, should know better than to bite off more than they can chew. No one is forcing them to buy a new car. Logic stands to reason. The program is there for those who can afford it.
what you say is right on, but the logic will be lost to most on this thread.
thillysavage

Watervliet, NY

#12 Aug 5, 2009
pay up or leave there are no laws requiring you to live in the US. THere are plenty of other countries to live in.
lost freedoms

Williamstown, MA

#13 Aug 5, 2009
[QUOTE who="Brian in MA - not MN"
Any help the US auto industry and its dealers, suppliers, and ancillary industries can get is probably welcome in this economy;
Cash for Clunkers will put people back to work;
[/QUOTE]

Most won't be buying "american" cars. Nice to be helping Japan, Korea, and Germany out, don't you think?
Peppy

Lynchburg, VA

#14 Aug 6, 2009
Obama bails out GM and then places a government subisidy in place to boost their business. Isn't that special. Meanwhile, small businesses are dropping like flies all across the country with no help at all.

How would you like to have a used car business like the writer? The fed's policy is inadvertantly designed to kill his business.

This is what happens when you put a community organizer in the white house.
Sunshine

United States

#15 Aug 6, 2009
oBUMa wrote:
I told you change was coming. What more can you expect from an illegal president.This creep won't show his birth certificate? Why not? Got something to hide? Same creep never ran any type business and can not run the country. Printing more oBUMa funny money will drive us further into debt.
Question to liar liberal democRATS. Why hasn't oBUMa caught Benladen? Why hasn't he closed Gitmo? Why is he putting more troops into Afganistan? If anything this bum will be payback to the fools who hated George Bush because the press told them to hate Bush and payback to the fools who voted for this moron (many voted for him because he said he was black and he isn't ).He should be forced to prove he was born in this country or thrown out of office and sent back to the murder capitaql of U.S. Chicago where he can help finish off the blacks by keeping them poor and on welfare.
I know this is true because Chriss Dodd and Barney Frank told me and Barney Frank is a man we can all look up to.
Wow, all that anger and hatred for our new president is astonishing. Even though I didn't agree with Pres. Bush on some issues doesn't mean that he is moron. How many years was BinLaden on the loose during his presidency. Open your eyes and accept reality, I voted for him because I believed he would make a positive difference. Every president does the best they can while in and out of office and things take time. Who knows if BinLaden will be caught on President Obama's watch or not, let's just hope that someone gets him soon.
wilbur

Boulder, CO

#16 Aug 6, 2009
Brian in MA - not MN wrote:
With the exception of Tricia's reasonable perspective, it's discouraging that the thread so far is comprised largely of the usual tired and bitter commentary from people with nothing better to do. Instead of addressing the fringe conspiracy theories, I'll just focus on the issue at hand.
Any help the US auto industry and its dealers, suppliers, and ancillary industries can get is probably welcome in this economy;
Cash for Clunkers will put people back to work;
Better fuel economy is a good thing, and even if we take the writer's numbers as accurate, it will help reduce our dependence on foreign sources of oil
I do agree with Tricia on her concerns. Good for her that she is able to assess her own situation and has decided that the program is not appropriate. I hope that others exercise similar good judgement. In fact, if the car companies and banks can't adequately assess the creditworthiness of new buyers, then they will have to deal with the losses with NO hope of a public bailout. Perhaps that should be spelled out clearly.
bri-bri...if its good for the auto industry, why not every u.s. industry? why not make it 10k per vehicle?
"dependence on foreign oil", snore! open up OUR oil fields, start up cape wind , 10-20 nuke plants and we'll be back in the saddle again.
spare us with the phoney global warming crap also.
have you picked up your gay male capri pants yet?
Emerald

Waldorf, MD

#17 Aug 6, 2009
Peppy wrote:
Obama bails out GM and then places a government subisidy in place to boost their business. Isn't that special. Meanwhile, small businesses are dropping like flies all across the country with no help at all.
How would you like to have a used car business like the writer? The fed's policy is inadvertantly designed to kill his business.
This is what happens when you put a community organizer in the white house.
Good point Peppy.
bodybuilder

Clockville, NY

#18 Aug 6, 2009
wilbur wrote:
<quoted text>
bri-bri...if its good for the auto industry, why not every u.s. industry? why not make it 10k per vehicle?
"dependence on foreign oil", snore! open up OUR oil fields, start up cape wind , 10-20 nuke plants and we'll be back in the saddle again.
spare us with the phoney global warming crap also.
have you picked up your gay male capri pants yet?
Why Hussein Barackk oBUMa and other lunatics are talking about "dependence on foreign oil? What about steel? Electronics? Shoes ? Socks and underwear? Everything and anything else? oBUMa and his funny money manipulators should give every citizen and all illegals $100.000 per person a year to get the world economy going again. And do it 10 years in a row. That is a new "progressive" approach to planet's problems. Communist OBUMa who never earn an honest buck in his life (like all communists and socialists) firmly believes that money just can be made by speeding printing press in unlimited quantities and taking all money from the "reach". He did not take history in school obviously, only basket weaving. Now he is well known executive and economist. Pretty soon will be awarded Nobel Prize in economics!!! Just like in Kenya!
PDupont

Chicopee, MA

#19 Aug 6, 2009
lost freedoms wrote:
<quoted text>
Most won't be buying "american" cars. Nice to be helping Japan, Korea, and Germany out, don't you think?
Yeah well the biggest benificiary of this government largess was GM .

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