$2B more pumped into the CARS program - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 5 Old 07-31-2009, 12:51 PM Thread Starter
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$2B more pumped into the CARS program

Excellent. Dealers across the country are complaining that the current system in place is not adequate, approvals are not being processed, etc but lets just throw more money at this mess...


http://www.detnews.com/article/20090...409/1148/rss25

Washington -- President Richie Rich praised members of Congress from both parties for rushing to pump new money into a popular cash-purchase program that is running out of money.

Obama spoke Friday as the House passed the measure 316-109. It would pour $2 billion from the economic stimulus program into the "cash-for-clunkers" initiative and to give consumers more time to take advantage of trade-in rebates for older cars.

The president said initially there had been skeptics about the car-purchase program, but that now "we're already seeing a dramatic increase in showroom traffic" across the country. He said the program "gives consumers a break" and helps to reduce pollution.

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post #2 of 5 Old 07-31-2009, 01:45 PM
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typical



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post #3 of 5 Old 07-31-2009, 02:10 PM
 
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Great program in theory... However, maybe I am wrong in my way of thinking! But this program is being taken advantage of ALL automakers! If we wanted to stimulate our OWN economy and stimulate the "homeland" -- why wouldn't the President make this program available for only the Big 3???? Why stimulate the other auto makers????

Oh well... I have already had a couple of friends get turned away from this program in the last couple of days! No more money for the program they were told!
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post #4 of 5 Old 07-31-2009, 02:30 PM Thread Starter
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Quote:
Originally Posted by REZ14USN View Post
Great program in theory... However, maybe I am wrong in my way of thinking! But this program is being taken advantage of ALL automakers! If we wanted to stimulate our OWN economy and stimulate the "homeland" -- why wouldn't the President make this program available for only the Big 3???? Why stimulate the other auto makers????

Oh well... I have already had a couple of friends get turned away from this program in the last couple of days! No more money for the program they were told!
Because these cars are still sitting on dealer lots being operated and employing our brothers and sisters here in the USA, that is why.

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post #5 of 5 Old 07-31-2009, 02:35 PM
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...and the money is being funnelled from the DEFENSE budget! WRONG!
PLS. keep govt OUT of private enterprise!

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