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One Billion Dollars....Gone

Discussion in 'The OT' started by Mike Bertelson, Jul 31, 2009.

  1. Aug 9, 2009 #141 of 173
    phrelin

    phrelin Hall Of Fame DBSTalk Club

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    Hmmm. Well there are all sorts of views on this subject. This week's TIME magazine offers this story:
    Not that I want to live in China, but at some point we'll have to acknowledge that we Americans were not in a position to rapidly initiate labor intensive public infrastructure projects (because we were already borrowing money from China to buy Chinese-made electronics) and it cost us competitively in the recovery.
     
  2. Aug 9, 2009 #142 of 173
    Shades228

    Shades228 DaBears

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    I wouldn't go that far I think the last part of that paragraph hits the real issue. There was a draft years ago about installign high speed rail systems to connect the 15 top cities in the US. It was scrapped because no politician was going to stand up and say that they would have to relocate hundreds of thousands of people because of the new system. This however is nothing new to us though. It always takes something derimental to piss off the populace before we take any real action.
     
  3. Aug 9, 2009 #143 of 173
    BattleScott

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    I would suspect the AWD and 3.0L engine sales contributed far more than the Hybrid sales since the Escape was 6th on government list that included FWD Hybrid sales.
     
  4. Aug 9, 2009 #144 of 173
    Richard King

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    I've heard that many people doubt these figures. Considering where they come from I do also.
     
  5. Aug 9, 2009 #145 of 173
    phrelin

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    True. But the article notes things like increased retail sales including GM cars. And they are giving an incentive to people buying energy efficient small cars. So if it helps GM, I guess we have to cheer them on since we own GM.:sure:
     
  6. phrelin

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    This 1981 Ford Fairmont Wagon is not eligible for the "Cash for Clunkers" program.

    [​IMG]

    Anyone wonder why? It's a collector car. From the Los Angeles Times:
    I know, the rule of thumb for "antique" status reads as follows (from Wikipedia):
    But not every car over 25 years old is an antique or collectors item. It still must meet the standard that it "is collected or desirable due to rarity, condition, utility, or some other unique feature." :nono2:
     
  7. BattleScott

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    Judging by the ultra-clean exterior, the custom rims and the nice burn-out being laid down, I would assume that that ride is someones baby and not a smoke belching "jalopy" like we were intended to see it...
     
  8. djlong

    djlong Hall Of Fame

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    My fiancee has a 1979 pickup truck that she'd love to be able to use in that program.
     
  9. 4HiMarks

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    There has to be a cutoff somewhere. How many of those 25+ year-old cars are there still on the road, being driven a significant number of miles? How cost-efficient do you think it would be for the EPA to compute the new mileage figures for such a car? Without those numbers, it isn't possible to even know if the new car has better enough mileage to qualify.

    If it's a collector car, then it is probably worth a great deal more than the $4500 max you can get from C4C, and you'd be a fool to scrap it under that program.
     
  10. Richard King

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    Well, now I've heard from a few folks that the glunker program may just cause a double dip recession as people buy cars but don't buy other products in the economy. Money that would have gone to buy household items is being directed to cars to get a "deal" while the deal is still there. Other purchases are being put off (again) to get in on the "deal".
     
  11. BattleScott

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    There are also a great number of parts (especially engine related parts) that are common in a great variety of cars. Take for instance the Ford Fairmont above (the one pictured is actually a modified drag racer btw).That car was available with the 302 Windsor V8. The same engine was used for many years in many Ford cars including the Mustang. So even if the vehicle itself is not a "collectible" that doesn't mean it doesn't have a great deal of value in the preservation/restoration market.
    The "engine disabling" clause is the primary reason the collectors and dealers were adament about excluding the older model cars and trucks. These types of vehicles are the only source for these parts.
     
  12. BattleScott

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    I have a '95 GMC Sonoma that I would love to trade in as well. Unfortunately, since the new vehicle rating on it is 19 MPG, it doesn't qualify.
     
  13. the_batman

    the_batman AllStar

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    I still have a clunker TV. Can I get money on it from the government to but another Plasma?
     
  14. Supramom2000

    Supramom2000 In Loving Memory of Onyx-2/23/09

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    Ha!! We still have 3 of them!!! We just turned one it at Best Buy. It costs you $10 and they give you a $10 gift card back.
     
  15. phrelin

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    Well, apparently the program did help a few American workers other than auto dealer employees. From the AP via Yahoo:
     
  16. Stuart Sweet

    Stuart Sweet The Shadow Knows!

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    It seems, from what I've been told, that all the clunkers coming in as trades are leading to a shortage of salable used cars. You might be surprised what you're offered for a late-model trade in good condition.
     
  17. Chris Blount

    Chris Blount Creator of DBSTalk Staff Member Administrator DBSTalk Gold Club

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    I saw the same thing. The whole program is messing really bad with used car dealers and charity programs who rely on old vehicle donations. I guess in this case we are steeling from the poor to give to the rich. :)
     
  18. durl

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    Which will, undoubtedly, lead to another expensive program to correct this new "crisis."
     
  19. phrelin

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    Yes! The Used Car Salepersons Relief Act of 2009.:D
     
  20. 4HiMarks

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    I got some flack for saying this on facebook from someone when I didn't know her father had been a used car salesman, but come on! Used Car Salesmen? Sounds like an unexpected side benefit of the program.

    The stereotype exists for a reason. Sure there are exceptions, but most salesmen have, uh, shall I say "flexible ethical standards", and used car salesmen are not among the most ethical of that group. Plus, the small, independent used car lots are generally eyesores. I'd rather see an empty field.

    It also kinda defeats the purpose of the C4C program of getting gas guzzlers off the road if they are allowed to be resold as used cars and put back on the road.
     

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