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Cash for Clunkers, another fluff policy
'Cash for Clunkers' won't help most car buyers - Jun. 25, 2009
Hey! It sounded good and green in the press and media coverage!!
Quote:
NEW YORK (CNNMoney.com) -- If you think the new "Cash for Clunkers" law is going to help you buy a new car, you're probably wrong.
As it's written, the law will benefit few car shoppers and those who might actually benefit from it probably shouldn't be buying a new car to begin with.
Here's why it won't do most people much good: The government refund vouchers for $3,500 or $4,500 are in replacement of -- not in addition to -- the ordinary trade-in value of the vehicle, which in many instances will be worth more than the voucher.
"It's not a rebate," pointed out Jeremy Anwyl, chief executive of the auto Web site Edmunds.com. "It's a minimum trade-in allowance."
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An unwavering defender of those I see worth protecting.
"promote the general welfare, not provide the general welfare"
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
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06-25-2009, 09:21 AM
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