Posted by
CyberMom on Friday, August 28, 2009 5:16:33 PM
Yes, it's a great success! Better than the government dreamed! Lots more cars traded in for green energy cars and more people financing cars while the old ones are destroyed - forcing everyone left who drives gas cars and whose parts will wear down but no longer have an option to obtain a replacement part to also go green! YAY FOR THEM!
But how many cars were traded in?
LOTS!
How.. many, is "lots?"
Well.. let's see, shall we?
The Washington Post reports by August 5, 2009, 157,000 vehicles took up $664 million of the $1 billion available. And, the majority of cars purchased were... foreign!! HAHAHAHAHA.
The L.A. Times reports that cars made before 1984 were excluded, and that REALLY hurt the chances for a lot of people. But still - how many cars?
Well, thankfully,
MSNBC reports that 690,114 cars had been traded in for $2.88 billion dollars. Really? So... let's get this straight: 157,000 at $664 million is.... $4,229 per car on average. Now - let's subtract out those numbers from the totals reported by MSNBC on August 26th:
533,114 thousand cars - for $2.216 billion. That's $4,156 per average on car. Hey! Looks like that $4,500 buffer was pretty well used by the car retailers, right? I mean, why not? If you were giving a $2,500 break before and getting... let's say... NOTHING for it, but now you were going to get PAID for giving a discount - wouldn't YOU give a bigger discount, knowing that the money's going in YOUR pocket? Sure you would! In fact, you'd almost DOUBLE what you were giving before!
But, there's a problem here. In Oregon (the State of liberal screwisms - where a Democrat's a Politician, and everyone else in the State's just in their way - it seems a survey of 1,000 people (which MSNBC considers a reasonable, relational representation of the 690,000 people in this program... *sigh*), are kind of worried. Sure - they got a break on that $35,000 vehicle. Now, it only costs them about $31,000.00. But, since the sale is based on their CREDIT SCORES - their interest rates SUCK! And, now, they're paying out the WAZZOO (I LOVE that word!), and in this economy, it SUDDENLY occurred to them - that they may not be able to afford it.
Really? Didn't I.. um.. I mean.. maybe... make a reference in a prior post a little while ago... that maybe... JUST maybe... this is the fannie mae and freddie mac of the auto industry? Oh yeah, that's right - I DID! Well, no worries, right? I mean, Jane and John Doe can just take the car back and trade down for a used car, right? Oops... I guess not... they DESTROYED the clunkers. Now Jane and John Doe can just lose their car... and equally... their job.. their home and their lives!!
But, hold on! Doesn't that mean that the car retailers JUST DID what the mortgage lenders of before, did? Doesn't that mean that the corrupted lending companies committed the same, underhanded and brutal lending practice that they did during the mortgage crises? Oh yeah - IT DOES!! It means that FOR PROFIT, the GREEDY and VERY SELFISH, car retailers made quick sales without care or consideration over their customers' ability to pay, while the lending institutions just made a killing, knowing these people will eventually default, they repo the car and RESELL it for MORE money and screw people.
Thank GOODNESS, we have CONGRESS, the BRAINS of this country to make decisions for us. Thank GOODNESS, we don't rely upon those 'stupid,' voters to make decisions. After all, they're too inept, too dumb and too self destructive to pass laws. We should continue to leave it all in the hands of Congress. After all - they're making such BRILLIANT choices, aren't they?
Folks, if you don't see this... if you don't get it or understand - then please - I beg of you ... just give up now. Because, it's only going to get worse from here. Those folks who were doing good enough to own SUV's and big trucks, are now finding themselves in a place where they might be financially hurt. The middle class is about to take a huge hit - and what's left? The poor vs. the rich. And, I'm afraid it won't be pretty. Soon, they will pass a health reform bill. A government that had no right to abuse the use of our tax dollars; that took money away from the "green" energy programs (that Obama promised to support because those were the big job makers - remember?), without the right or permission to do so; that does NOT need your vote; that does NOT hear your voice; that specifically says they're going to keep their own health care program because they know this one sucks - is going to do what's best for them.
But - as I'll expand upon in a future article - be forewarned. It's not them doing this I'm afraid. Even greed and stupidity have their limits. These are people that would leap over the edge of a cliff or reach their hand into a blender just to get a penny. No - they're not survivors, and the bullies they're hiring to keep the people afraid are going to turn on them, too. There's another force at work - and it's trying to drive the wedge between the people and the government. We NEED to act now. We NEED to cut our tax dollars COMPLETELY out. Let them print fake, new money - fine. China will own half the country, shut down the businesses and we can rebuild without them. But, get these people out of there, quickly. If you don't - the darkness which currently stands as the driving force in this country, whispering in the ears of our leaders and telling them what to do - is winning. We need people in there who are not brain dead. Who can ignore the whispers and focus on the cries of the people. I worry that it may be too late - but there's always hope!
Remember that - there is ALWAYS hope. Just not in a program that failed because they continued to rely upon the 3 credit bureaus to screw everyone in this program over! And that, my friends, is the failure of the clunkers program. C'ya Space Cowboy, somewhere, someday!