Suspend "Cash for Clunkers"?

[saxon22]

Quote from noob_trad3r:

Much smaller countries, easier to do and they pay 17% VAT and 45% taxes.

We would need to charge 17% sales tax like in england on goods.

Much smaller countries meaning what? The economies of scale work better with larger system if anything they should have less power to bargain with big pharmas not more.

As for taxes, the corporate profits in the last 30 years went up 50% yet their tax obligations went down significantly. No need for VAT, just bring the tax structure we had 40 years ago where corporations paid their fair share.

 

[Ivanovich]

There it goes. $2Billion more for the clunker program. Game on! Spend!

 

[Scataphagos]

Quote from bugscoe:

Well then, let's do the opposite and raise taxes to 100%!

That would be a Libtard's wet dream come true.

Secretly, that's what they really want... for us Thralls to "send in everything we make" and for them to dole out just enough to us to keep us alive and working.

That way they would have ALL the money and be in complete control.

Would THAT be OK so long as there was "free ice cream"?

 

[Landis82]

Quote from Ivanovich:

There it goes. $2Billion more for the clunker program. Game on! Spend!

Bush "loaned" GM and Chrysler $17.4 BILLION last December in order to get them into the Spring of this year without having to declare BK; which as we all know they wound up doing anyway. He gave them 3-months to restructure and said that allowing the Big Three to fail, "is not a responsible course" in the midst of a recession.

I wonder where ALL of these fiscally conservative and free-market ET members were back then?

And now they are upset over ONE billion for a program that actually stimulates auto sales at local dealerships and takes largely unsafe vehicles off the road?

Please.

 

[Bigpipn]

The only way to stimulate the auto manufacturers is to allow them to fail and have competent owners purchase the assets at reduced valuations and create a new business model. Chrystler's bailout in the 70s shows what a failure the current plan is. I hated the Bush Bailout as much as I hated this one. The new administration's main focus is A) get its hands on a piece of the health care pie and B) unionize every thing. It doesn't matter what the process is to the gov't rdirecting funds, it creates artificial demand and just sinks us further into the quick sand.

Quote from Landis82:

Bush "loaned" GM and Chrysler $17.4 BILLION last December in order to get them into the Spring of this year without having to declare BK; which as we all know they wound up doing anyway. He gave them 3-months to restructure and said that allowing the Big Three to fail, "is not a responsible course" in the midst of a recession.

I wonder where ALL of these fiscally conservative and free-market ET members were back then?

And now they are upset over ONE billion for a program that actually stimulates auto sales at local dealerships and takes largely unsafe vehicles off the road?

Please.

 

[Bigpipn]

The gov't makes promises to the people renegs and doesn't put up the funds and forces the dealerships to ultimately py the bill. Middle America doesn't need new cars, they need to save and get the forces of compound interest on their side.

 

[Landis82]

Quote from Bigpipn:

The gov't makes promises to the people renegs and doesn't put up the funds and forces the dealerships to ultimately py the bill. Middle America doesn't need new cars, they need to save and get the forces of compound interest on their side.

You must have missed the GDP report earlier this morning . . . The savings rate by the consumer jumped sharply - - - to 5.2% in Q2, the highest since 1998!

 

[Scataphagos]

Quote from Bigpipn:

The gov't makes promises to the people renegs and doesn't put up the funds and forces the dealerships to ultimately py the bill. Middle America doesn't need new cars, they need to save and get the forces of compound interest on their side.

Compound what? .05%?

 

[MattF]

Quote from Sandybestdog:

I am in the process of getting a job at a car dealership. From what I’ve seen this program is huge and very popular. I have a feeling people critisizing it are doing it just because they will critisize anything the government or Obama does. Just like what was said earlier, why is there only a billion for this? Doesn’t that pale in comparison to everything else in the past year? No wonder you people don’t like it, this is a stimulus for Joe the Plummer instead of Jamie the CEO. Here’s a common sense incentive for people to trade in their old gas guzzlers and get something a little more reasonable. Don’t you know that the increased fuel economy will also mean lower prices for the gas that you buy!

The fact is you people will critisize Obama for everything, just like Fox news tells you to. It’s a new program, it’ll have a few glitches in the system. Big F***ing whoop. You people are just like Rush, you want him and America and the government to fail just so your guy might have a chance at winning next time. And I didn’t even vote for him, nor ever would.

Few glitches eh.

Web servers crashing and hardly anyone can log in to process stuff.

Phone lines jammed and busy and nobody can get through.

Paperwork processing so backlogged it'll take probably weeks now to get through.

Angry customers calling YOU (the salesman) demanding where their rebate is...and then wanting to return their car if they don't get it which will possibly cost you commission and the dealership more money.

Yep. Just a few glitches.

 

[Madison]

Quote from Landis82:

If the House wants to add another $2 billion to the program ( as reported earlier this morning ) they will have to vote on such an amendment. It just doesn't come falling from out of the sky, and happen immediately as you claim.

You're making my point - the powers that be wanted the scheme to continue, so they came out pronto with a full media blitz assuring they're going to save the program. Somebody yesterday was trying to send a message with an "anonymous source" leak, and it apparently worked.

As far as legislative protocols and niceties like passing bills, come on -- that is pre-obama nostalgia. That stuff is background noise to these people. A handful of guys met in a Fed back room on the weekend and handed out blank checks to save the IBs; when the unions pressured them, they just ignored bankruptcy law; God only knows what deals they struck to backstop all that toxic debt; the list goes on -- they have a crisis license, and can fund whatever they want.