Originally Posted by EvilM0nkey View Post
This is a bit of a tangent, but I should get it off my chest:
Everyone is ready to go suck up to Obama, how great he is and all he's done. Unfortunately, my town is sickeningly prObama. But if he's so great, and knows so much, here's what I want to know:
The US automakers are in trouble, some more than others. So, Obamas plan was to offer up to $4500 for 'clunkers' in trade on new cars to help out the economy and the US automakers. But then we spent billions on bailing out GM and Chrysler. So....
How can we afford to use taxpayer money to pay up to $4500 a pop for cars that are supposedly 'clunkers'? Why didnt the government at least part them out and recoup the cash outlay by selling TONS of useable parts back to the salvage industry?
Why didnt the government at least try to determine which cars were worth refurbishing, this way they could be sold cheap to poor people who either had no cars at all, or cars that are truly unsafe?
Better yet, instead of spending taxpayer money, why not just offer a direct tax credit (not a deduction off of income) for whatever car you buy? Whatever your payments and interest are until the car is paid off, you dont pay in taxes. I mean its YOUR money to start with, right?
And if any tax credit program required you to BUY AN AMERICAN CAR to get the benefit, then there would be no bailout required? If instead of paying $10K a year to the federal government for the next 5 years, anyone with a job could instead use that money to buy a Challenger, Wrangler, F-150, Ram, Camaro, etc would there have even been a need for a bailout? I think not.