What is the purpose of "Cash for Clunkers"?

Page 4 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

UberNeuman

Lifer
Nov 4, 1999
16,937
3,087
126
Originally posted by: Budmantom
Originally posted by: UberNeuman

What for you would be a acceptable list?

/from Washington....



The dealer would be my 1st choice but non politically affiliated charities would work for me.

Why would you accept a list from Washington?
 

Patranus

Diamond Member
Apr 15, 2007
9,280
0
0
Originally posted by: UberNeuman
Originally posted by: Budmantom
Originally posted by: UberNeuman

What for you would be a acceptable list?

/from Washington....



The dealer would be my 1st choice but non politically affiliated charities would work for me.

Why would you accept a list from Washington?

Why does there have to be a list....how about ANY 501c3?

The IRS gives a tax break for a donation to a 501c3 right now, so this wouldn't/shouldn't be treated any differently.
 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: TruePaige


If they did tht it'd still just be a bunch of polluters out on the road.

If you feel so strongly about pollution boycott China.
 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: Patranus
Originally posted by: UberNeuman
Originally posted by: Budmantom
Originally posted by: UberNeuman

What for you would be a acceptable list?

/from Washington....



The dealer would be my 1st choice but non politically affiliated charities would work for me.

Why would you accept a list from Washington?

Why does there have to be a list....how about ANY 501c3?

The IRS gives a tax break for a donation to a 501c3 right now, so this wouldn't/shouldn't be treated any differently.

Done!! Any 501c3 it is!

 

UberNeuman

Lifer
Nov 4, 1999
16,937
3,087
126
Originally posted by: Budmantom
Originally posted by: Patranus
Originally posted by: UberNeuman
Originally posted by: Budmantom
Originally posted by: UberNeuman

What for you would be a acceptable list?

/from Washington....



The dealer would be my 1st choice but non politically affiliated charities would work for me.

Why would you accept a list from Washington?

Why does there have to be a list....how about ANY 501c3?

The IRS gives a tax break for a donation to a 501c3 right now, so this wouldn't/shouldn't be treated any differently.

Done!! Any 501c3 it is!

Who is "donating" these cars? Once in the Cash for Clunkers program, they're part of it..

Seems like you boys like socialism, when it suits you... Care to tell those others what they should do with their vehicles...
 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: UberNeuman
Originally posted by: Budmantom
Originally posted by: Patranus
Originally posted by: UberNeuman
Originally posted by: Budmantom
Originally posted by: UberNeuman

What for you would be a acceptable list?

/from Washington....



The dealer would be my 1st choice but non politically affiliated charities would work for me.

Why would you accept a list from Washington?

Why does there have to be a list....how about ANY 501c3?

The IRS gives a tax break for a donation to a 501c3 right now, so this wouldn't/shouldn't be treated any differently.

Done!! Any 501c3 it is!

Who is "donating" these cars? Once in the Cash for Clunkers program, they're part of it..

Seems like you boys like socialism, when it suits you... Care to tell those others what they should do with their vehicles...


Grasping at straws?

Cash for clunkers is socialism.

 

Patranus

Diamond Member
Apr 15, 2007
9,280
0
0
Originally posted by: UberNeuman
Seems like you boys like socialism, when it suits you... Care to tell those others what they should do with their vehicles...

How is this idea any different than donating to a charity and getting a tax deduction and then using that extra money saved from taxes to buy a car?

The program just links the two and offers a payment now instead of a deduction later.

Why do I like it? Because non profits encourage COMMUNITIES to support COMMUNITIES not commenities becoming dependent on the federal government.
 

UberNeuman

Lifer
Nov 4, 1999
16,937
3,087
126
Originally posted by: Budmantom

Grasping at straws?

Cash for clunkers is socialism.

and you'd like people to "donate" their vehicles to the state for a tax write off?

 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: UberNeuman
Originally posted by: Budmantom

Grasping at straws?

Cash for clunkers is socialism.

and you'd like people to "donate" their vehicles to the state for a tax write off?


Haven't given that any thought, it's a shame to crush perfectly good cars in this economy when plenty of people could be greatly helped with a car.
 

rchiu

Diamond Member
Jun 8, 2002
3,846
0
0
Originally posted by: Budmantom


Grasping at straws?

Cash for clunkers is socialism.

Socilism implys everyone gets a share of those "cash for clunkers" money. In reality, only those with cars that's been polluting the country qualifies.
 

Wheezer

Diamond Member
Nov 2, 1999
6,731
1
81
it's so stupid people who have a perfectly good running car can be talked into getting a new one and put themselves deeper in debt with a car payment.

wonder how many will be crying when the car gets repossessed....no worries though, we'll have a bailout for that too.
 

Patranus

Diamond Member
Apr 15, 2007
9,280
0
0
Originally posted by: rchiu
Socilism implys everyone gets a share of those "cash for clunkers" money. In reality, only those with cars that's been polluting the country qualifies.

Nope. Try again.

Too bad the "my rig" link doesn't work in your sig or we could see how much your computer is polluting the country.

I demand a "Cash for Pentiums" program to trade in your evil Pentium powered computer for more efficient Atom powered computer.
 

Freshgeardude

Diamond Member
Jul 31, 2006
4,506
0
76
I think the program is a good idea but its being overused on 5 year old, perfectly good cars. I know plenty of people that would take the cars and pay the 4,500 to the person instead of destroying the car.

Obama was smart in making this program but didnt include a "cars must be 10 years or older " part of it, which is stupid.

It costs more in money and pollution to trash the "relatively new" cars and build a new one then it is to keep the old one on the road
 

bl4ckfl4g

Diamond Member
Feb 13, 2007
3,669
0
0
Hmmm some people don't know the meaning of the word socialism but like to throw it around alot.
 

Rekonn

Senior member
May 9, 2000
384
0
76
Originally posted by: Patranus
Originally posted by: rchiu
Socilism implys everyone gets a share of those "cash for clunkers" money. In reality, only those with cars that's been polluting the country qualifies.

Nope. Try again.

Too bad the "my rig" link doesn't work in your sig or we could see how much your computer is polluting the country.

I demand a "Cash for Pentiums" program to trade in your evil Pentium powered computer for more efficient Atom powered computer.

Great point - if Cash for Clunkers is successful, why not do more of it? Why only spend a couple billion on the program when we'll get even more benefit by spending a couple hundred billion! Let's have a Cash for old Airplanes program - that way we can encourage airlines to buy newer, more efficient planes! Let's have a Cash for old Big Rigs program - I'm sure there's a ton of old, inefficient 18 wheelers out there. And a Cash for any old household applicance you can think of program! My goodness, we'll be rich from all the energy we'll save, everyone will be employed producing new stuff, and we'll save the planet too!

The flaw in this, like any fiscal liberal program, is that eventually you run out of other people's cash. The owner of the clunker or any old item, using their own money, is the best one to make the decision of whether or not it should be replaced - not the government.
 

MovingTarget

Diamond Member
Jun 22, 2003
9,002
115
106

Originally posted by: Budmantom

Grasping at straws?

Cash for clunkers is socialism.

Socialism not found. Where does this involve direct government control of manufacturing? Nowhere. Nobody is even being forced to participate in the program. Think of it as the automotive equivalent of a bottle deposit system - cash for bottlecaps, but scaled up to larger goods.
 

Patranus

Diamond Member
Apr 15, 2007
9,280
0
0
Originally posted by: MovingTarget

Originally posted by: Budmantom

Grasping at straws?

Cash for clunkers is socialism.

Socialism not found. Where does this involve direct government control of manufacturing? Nowhere. Nobody is even being forced to participate in the program. Think of it as the automotive equivalent of a bottle deposit system - cash for bottlecaps, but scaled up to larger goods.

Government owns a majority stake in GM.

GM doesn't have to compete with any other car company as it has an unlimited supply of cash.

GM also gets competitive advantages as illustrated in their recent tax breaks.
 

her209

No Lifer
Oct 11, 2000
56,336
11
0
Originally posted by: Freshgeardude
I think the program is a good idea but its being overused on 5 year old, perfectly good cars.
I'd bet that these "5 year old, perfectly good cars" have a higher trade-in value than $4,500.

I know plenty of people that would take the cars and pay the 4,500 to the person instead of destroying the car.
Hell, I would too if I could resell it for more than $4,500.
 

PJABBER

Diamond Member
Feb 8, 2001
4,822
0
0
Originally posted by: her209
Originally posted by: Freshgeardude
I think the program is a good idea but its being overused on 5 year old, perfectly good cars.
I'd bet that these "5 year old, perfectly good cars" have a higher trade-in value than $4,500.

I know plenty of people that would take the cars and pay the 4,500 to the person instead of destroying the car.
Hell, I would too if I could resell it for more than $4,500.

Hey, you aren't going to be eligible for this bailout unless you make less than $50K. Guess that leaves me out.

Clunkers' Program Hits a Speed Bump

August 06, 2009 6:01 PM

ABC - The Note

ABC News' Jonathan Karl reports: The effort to inject another two billion dollars into Cash for Clunkers has hit a potential road block in the Senate that could kill the bill.

Republiicans are throwing their support behind an amendment offered by Tom Harkin, D-Iowa, that would limit clunker rebates to individuals with annual incomes of 50 K or less. With Republican support the amendment stands a good chance of passing unless the majority of Democrats, who mostly favor the amendment, vote against it.

Why is that a problem?

If any amendment passes it means the House has to take up the bill again and the House, of course, has already adjourned for its August recess.

The Democratic leadership is now scrambling to get rank- and -file Democratic senators to vote against an amendment almost all of them favor. It would be a very tough vote.

"It does seem to be out of character for Democrats to support allowing millionaires access to borrowed money to buy cars," said Don Stewart, spokesman for Senate Republican leader Mitch McConnell, R-Ky.