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Posts Tagged ‘Cash for Clunkers’

Cash for Clunkers- KILLING a Corvette

August 25th, 2009 Matt View Comments

Caution to car lovers: This is really disturbing video of an attractive Corvette being destroyed for the Cash for Clunkers program with sodium silicate. This nonsense is fully endorsed by the Ohio Democratic Party, Rob Portman, and Senator Voinovich.

This is absolutely sick. Professor Brad Smith has more video here.

As a side note, I learned yesterday that the original name for Cash for Clunkers was “Hoopties for Hybrids.” Was Betty Sutton down with dat?

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Cash for Clunkers…

August 20th, 2009 Matt Comments off

is a huge, stinking failure. Perhaps Ms. Eaton should amend her puff piece?

Sabrina Eaton and Betty Sutton

August 17th, 2009 Matt Comments off

Ms. Eaton is a good reporter and has been exceedingly nice to me- But I get the feeling that with this article she is applying for a job in Rep. Betty Sutton’s communications staff.  Is there another shakeup at The Plain Dealer?

With Cash for Clunkers, Eaton writes about it as if no one would think there would be an overwhelming interest in free money being dumped out by government helicopters at car dealerships for car owners.

And for being such an incredible woman of principle, Sutton would much rather talk to fawning Eaton than organize a health care town hall.

Kelley Blue Book Confirms: Cash for Clunkers Raises Costs of Cars for Poor

August 10th, 2009 Matt Comments off

The laws of economics matter, regardless if President Obama, Betty Sutton, and Rob Portman don’t thing so:

Basing their argument on the fact that about 250,000 clunkers have already been traded in for new cars and that with another $2 billion in funding expected, up to 500,000 more used cars could be taken out of the market, Kelley sees the value of used cars in general rising steeply, if only for a brief time.

The average increase estimate is between 5%-10%.

Cash for Clunkers Update: Chris Redfern & Betty Sutton Don’t Want the Poor to Own Cars

August 4th, 2009 Matt Comments off

Yesterday, I noted that Rep. Betty Sutton’s behavior-modification “Cash for Clunkers” program that the Ohio Democrat Party and MTR Lobbyist Chris Redfern was promoting has a website which gives the Federal Government control of your computer.

And today, Hunter Baker at the Acton Institute blog raises an interesting question about C-f-C , which a reporter should ask Sutton about:

I just read today that the cars traded in for the Cash for Clunkers program are rendered unusable by running liquid glass through the engines.

Has anyone considered the impact of this on the poor? What has happened is that a huge number of low cost cars are being removed from the market. These are cars low income earners would ordinarily drive or teenagers would buy them who need to get to school or work.

What happens when we radically reduce the supply of a particular good? If there are no good substitutes, then the price goes up. In effect, this is a tax on the lower end of the market.

The fact that the Ohio Democrat who authored the C-f-C legislation might not fully realize how much destroying cheap cars hurts the poor is a classic example of the “progressive” mental disorder.

UPDATE: This issue recieved more funding, thanks in part Senator George “errrr errrr errrr” Voinovich.

In Chris Redfern and Betty Sutton’s America, the Government Owns Your Computer

August 3rd, 2009 Matt Comments off

Here is the statement from late last week, where the Ohio Democrat Party is applauding Rep. Betty Sutton’s silly “cash for clunkers” program which ran out of money.

But guess what happens when you or a dealer goes to the C-f-C website? Take a look:

Cash for Clunkers, Scammers, and Rich Galen

July 26th, 2009 Matt Comments off

Karina Nova of WBNS reported today about President Obama’s latest greenie Malthusian socialist behavior-modfication program:

Michelle Starcher sees a real opportunity in the federal government’s “Cash for Clunkers” program.

“We have an old ‘92 Ford that we want to trade in,” the Guernsey County resident said. “I can get up to $3,500, which is a big incentive to buy a new car.”

Formally known as the Car Allowance Rebate System, the $1 billion program is intended to help revive the country’s slumping auto industry by encouraging consumers to replace their gas guzzlers with more-fuel-efficient vehicles.

Unfortunately, prospective car-buyers such as Starcher aren’t the only ones hoping to take advantage of the program. According to government officials and consumer watchdogs, plenty of con artists are also eager to get mileage out of it.

“Scammers often try to piggyback on new programs or trends, and this is no exception,” Ohio Attorney General Richard Cordray said.

And speaking of scammers, Rich Galen, a political hero of mine (and a Marietta College grad) who is always quick to rise above his principles and make a buck, used this C-f-C program and traded in the “Mullmobile”, a rusty 1999 Landrover, for a “greener”  Ford Focus:

On Saturday morning, I went to bluebook.com to get a sense of what the MullMobile might be worth in a trade. $2,175 – but there was no box to enter the fact that the right outside mirror was being held together with Scotch Tape and all the engine warning lights are on all the time, so I suspected a real trade-in situation might well have resulted in my paying the dealer to take it off my hands.

The way the Cash-for-Clunkers program works is, you are selling your old car for between $3,500 and $4,500. Period. Any dealer and/or manufacturing incentives are on top of the C-f-C money.[...]

I looked at a Fusion, but that was a little too basic. Then I found a gray Ford Focus with just enough bells and whistles to make me read the owner’s manual. What with the Ford incentives and the Barack Bucks my out-of-pocket was about $15 k which I put on my Amex card to get the points and I drove home in a car that looks like every rental you’ve ever had.

So, I unloaded my clunker and got probably four times what it was worth.

Sweet deal, huh? And to top it all off, Mr. Galen boosted his already-impeccable credentials as a fellow evil-conservative, as the C-f-C program is diverting money away from charities and taking food out of the mouths of hungry oprhans and cute puppies. Excellent!

Mr. Galen, I salute your entrepreneurial spirit to adapt to changing market conditions and maximizing return. And I encourage my readers to sign up for a paid subscription to Mullings, in hopes that, some day, you will be able to afford a cool car which doesn’t qualify for BarackBucks.

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