clunkers program done already?

[30ashopper]

[quoteI was looking through to Constitution the other day and didn't see anything about a right to a cheap American auto.

Hmmm. Amazing what short memories folks have. Guess everyone has forgotten the humongous Hummer tax credit.

I've never heard of that, maybe you could fill me in? Regardless, the cash for clunkers thing isn't a credit, it's a rebate program. The federal government is borrowing money to pay people to buy cars.

 

[30ashopper]

To keep it running, Obama is thinking of using the TARP!

Government's 'Cash for Clunkers' Program Runs Out of Gas Early - WSJ.com

What the heck does TARP stand for anyway? Maybe they should rename that to something more appropriate like 'GBOBM' ("grab bag of borrowed money").

 

[beachmouse]

The Bush tax credit program for business owners that purchase large SUVS:

Fed Tax Break Encourages SUV Purchases - ABC News

A lot of small business owners apparently took advantage of that one and cheerfully used those vehicles for non-business purposes.

 

[ready]

Since the Bush administration wiped their asses with it for eight years I'm surprised you could even read it.

So true.

 

[ready]

To keep it running, Obama is thinking of using the TARP!

Government's 'Cash for Clunkers' Program Runs Out of Gas Early - WSJ.com

What the heck does TARP stand for anyway? Maybe they should rename that to something more appropriate like 'GBOBM' ("grab bag of borrowed money").

Bloomberg reported that the bill as of last month was 23.7 trillion dollars. The funny thing is that everyone thinks it is only 750 billion dollars.

What's it going to take to get people to wake up and realize that we are now living in a Country that is being bankrupted?

But the answer to your question is Troubled Asset Relief Program.

 

[Alicia Leonard]

The house just approved an additional 2B for this program.

 

[Blair]

The house just approved an additional 2B for this program.

Just crank the printers up again........We'll be fine as long as we dont run out of green ink

 

[steyou]

Heard somewhere that the next program after cash for clunkers will be "Cash for the Elderly". Give um $4500 bucks and cut their healthcare. It may be called something else like Soylent Green or Assisted Suicide.

 

[Will B]

[ame="http://www.youtube.com/watch?v=8Sp-VFBbjpE"]YouTube - IT'S PEOPLE![/ame]

 

[drivingtheview]

Just crank the printers up again........We'll be fine as long as we dont run out of green ink

Hold the phone??? You mean Obama gave us a measly $1 Billion Federal Government program that any of us could qualify for assuming we meet the specific criteria he outlined. The program ran out of funding after 31 days and 2x the original funding immediately gets released to keep the program alive. Phewww..... Thank goodness Obama can gleam those "lessons learned" over a cold Bud Light and nothing like this will ever happen again