Slap the Working Poor
Continuing reports say that Obama is slapping the auto industry over the "Cash for Clunkers" program by failing to pay the dealers who are heavily invested because they had to pay $4,500 each for cars that could not be resold. The program was a fraud by a government that lied to the dealers. The working poor will suffer because they can't find inexpensive reliable "clunkers" to drive to work. The Auto industry will suffer because Obama has not paid the promised amounts. The taxpayers will suffer because any amounts all go on our debt. And the buyers suffer because the IRS is going to slap them next April. Way to go Saint Obama.
UPDATE August 28, 2009
Obama's IRS officials announced today that they will collect Income Tax on all of the "Cash for Clunkers" payments. If you traded in your "clunker" for $4,500 you will be taxed on the $4,500 on your income tax. Obama gives it to you with one hand, and steals it out of your back pocket with the other. Of course Obama was not honest enough to tell the people about his tax scheme before they took the rebates and went into debt for new cars. How dishonest is that?
UPDATE August 25, 2009
BBC reported last night that the 2 top selling car companies on the "Cash for Clunkers" program were Toyota and Honda. Ford, the best selling American brand, finished 3rd. American taxpayers and American workers get slapped again by our anti-American government.
This news has NOT been reported on any American media that I've seen. Only a foreign news source, BBC, is willing to buck the Obama propaganda machine and report the news. Americans, bend over and spread your cheeks. The Obama regime is going to give it to you again.
Cash for Clunkers sounds like a wonderful idea if you don't care who is paying for it. The Ford Motor Company is selling thousands of cars. Even GM (Government Motors) and Italian Motors (Fiat/Chrysler) are selling a few. And we taxpayers are getting the bill. (Anybody else remember when Fiat bought and then ruined Allis-Chalmers?)
But lets look a little deeper at the economics of Cash for Clunkers. The “Clunkers” they are paying $4,500 for are mostly dependable older cars. It has to be a running vehicle. The Obama plan is giving cash to yuppies to buy the eco-mobile cars, glorified roller skates, golf cars with a roof, that the 'eco” freak yuppies love so much. Millions of old dependable vehicles are being taken off the streets and out of the used car market. Most of these older cars had a fair market value significantly less than the $4,500 Obama is now paying for them. That difference between their market value and the current Cash for Clunkers payment is the motivation for owners to trade them in now. Yuppies get a deal at our expense. See 2012 Pelozi GT
Lets look at the used car market. A million inexpensive older cars are disappearing off our streets and out of our used car market. They are destroyed after being paid for by our government. If they hadn't been bought at a premium and destroyed by Obama, who would have bought them and used them? Easy answer. The working poor. Millions of hard working people who work for lower or minimum wages have to depend on old “clunkers” to get to work and back. On their low wages they can't afford the new Yuppiemobiles that Obama's eco-freaks can buy. The working poor, the very ones who always vote Democratic, are the ones being hurt the most by Cash for Clunkers.
A hard working man who lays concrete, repairs roads, tends bar, delivers pizza, or flips burgers is being badly hurt by this program. The dependable old car he would have bought for $1,000 to get to work is now going to cost closer to $4,000, the price offered by Obama and paid for by tax money taken from the man's own pocket. By the time scarcity ripples through the used car market the final cost to the working poor to get to work may be more than $4,500, and he can't afford it. Year after year the stupid and the poor vote for the Democrat/Socialists. Year after year the Democrat/Socialists slap them down with one program after another.
There is a functional political program that came out of the University of Chicago. The more the government oppresses people, ruins the economy, and makes us poor, the more we depend on the government, and the more control the government will have on our lives. The Democrat/Socialist party has been working that plan for decades. They create more and more dependents for the government, and more and more Socialist voters, by ruining the economy and slapping the poor every chance they get.
Cash for Clunkers helps Yuppies, helps small business car dealers, and big auto corporations. Cash for Clunkers slaps down the working poor.