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.