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Tuesday, July 28, 2009

Clunkers

On new Gov't program "Cash for Clunkers"

Dealer & car manufacturer lobbyists at work... Plus mark-ups will equal $4500 = zero savings but get a few people on the lot. Money is going to the dealers, etc which maybe will keep their current crew but not spur any new hiring... Plus there already is a $1000-1500 payout in CA for retiring a car that doesn't pass SMOG; I was bummed that my car passed smog but got zero sales tax credit from Goodwill for donating it. They need to work on the tax credit incentives for retiring clunkers to charities; helps charities and the environment, and clearly better than more cars on the road and in land fills. Are these non- MPGer's getting resold or what? How about using the clunkers for affordable housing much like the junkyards of the Philippines? At this rate we are going to need it.

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