UPDATE!! AUGUST 27, 2009:
For those of you that took part in Cash For Clunkers thinking you got a great deal (with other people's money) you are in for a rude awakening because the $4500 credit you got WILL BE CONSIDERED TAXABLE INCOME NEXT YEAR! OOPS! How's that hope and change working out for ya??
Doesn't our government inspire such confidence? Billions spent on another unconstitutional program that creates more problems and drives up other costs more than it could ever possibly save!
Consider these points:
1. $4 Billion (that's $4,000,000,000) of OUR money spent on a program the government has NO authority to spend. There is no $4500 "trade in" credit! Where do you think that money comes from?? We borrow it or print it, lend it to ourselves, then in debt our children to pay it back--all in the name of false and phony environmental science. And while we are on that subject, how much energy do you think it takes to destroy these cars or recycle perfectly good used cars vs. what we will save by not having them on the road? What about the all the fluids that will leak into the ground?
2. A program that will hurt the very people it was intended to help. How? Because by destroying the cars that are traded in instead of reselling them as used to someone that really needs a car at an affordable price, the prices of ALL cars (new or used) gets driven up because there is less of them on the market to buy. And what about all the used parts that could have been taken off these cars in a salvage yard and used to fix an existing car?
3. Car dealers across the country are screaming that they are not being paid and many were backing out of the program before it was even cancelled! And we are thinking of turning over our healthcare to these corrupt and inept bureaucrats?? Why do liberals have this blind faith in government when the evidence is all around that they can't manage their way out of a paper bag!
4. The hidden danger that has recently emerged that enrolling and taking the government up on this program opens up even more of your personal financial information to be captured and data mined by Washington. Oh, but I am sure that they will not use it for any ill purpose and will safe guard our information.
5. It's not hard to see a year or two down the road that we will be asked to bailout car owners that, instead of buying a used car or keeping the one they already had, went out and bought a new expensive car that they couldn't afford even with the trade credit (the subprime mortgage debacle come to the auto finance market!!).
6. Don't think this program is totally dead and buried! When the Cap and Tax (I mean Cap and Trade) program comes back into the news, I have no doubt this program will be reborn.
Simply amazing displays of utter Constitutional ignorance and incompetence!
Thomas Jefferson
"We must make our choice between economy and liberty or confusion and servitude...If we run into such debts, we must be taxed in our meat and drink, in our necessities and comforts, in our labor and in our amusements...if we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy."--Thomas Jefferson
"America does not go abroad in search of monsters to destroy. She is the well-wisher to freedom and independence of all. She is the champion and vindicator only of her own. "
--John Quincy Adams
US diplomat & politician (1767 - 1848)
“Since the general civilization of mankind, I believe there are more instances of the abridgment of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpation”
-James Madison at the Virginia Ratification Debates
"With respect to the words "general welfare," I have always regarded them as qualified by the detail of powers connected with them. To take them in a literal and unlimited sense would be a metamorphosis of the Constitution into a character which there is a host of proofs was not contemplated by its creators."
"America does not go abroad in search of monsters to destroy. She is the well-wisher to freedom and independence of all. She is the champion and vindicator only of her own. "
--John Quincy Adams
US diplomat & politician (1767 - 1848)
“Since the general civilization of mankind, I believe there are more instances of the abridgment of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpation”
-James Madison at the Virginia Ratification Debates
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