Pay Taxes? Thank Yourself for Cash for Clunkers

Edward Niedermeyer
by Edward Niedermeyer

When you hear Cash for Clunkers praised as “the most efficient stimulus for the auto industry,” you kind of have to wonder. Why did we spend the other hundred billion bucks?

Edward Niedermeyer
Edward Niedermeyer

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  • Brettc Brettc on Aug 12, 2009

    I'm a bit pissed at it as well. I'd kind of like to replace my wife's 2000 Jetta TDI with a new Jetta TDI. But the only incentive for me is the $1300 "clean diesel" tax credit because I chose to not buy a ridiculously inefficient vehicle. Oh well. It just means we'll keep her car longer.

  • Orian Orian on Aug 12, 2009

    One does wonder how much in taxes each new C4C purchase generates? You have income taxes on labor, sales taxes, registration, insurance, etc. It would be nice to have more transparency to see figures on everything, but the money being spent to subsidize the C4C program is generating revenue that was not there before - how much I would love to know. Will it be enough to cover the program? It certainly is moving metal, and with that money is flowing through the system.

  • Roflbrothel Roflbrothel on Aug 12, 2009

    Is this guy serious or is he being sarcastic? 8 years in the auto industry and he still can't tell a new vehicle from an old one? This dude says "old cars" about half a dozen times as he drives past at least 4 perfectly good and relatively new Toyota Tacomas, 4Runners and Tundras. This is truly sickening.

  • Stuki Stuki on Aug 12, 2009

    I can only assume one of the defining characteristics of an idiot, is sufficient lack of understanding of economics, to believe an economy is somehow made better off by destroying that which has economic value. These are probably the same monkeys that believe blowing stuff up, only to rebuild it, is economically beneficial. Long live the retards, 'cause they form the most numerous mob in our great lynchmobocracy!