Cash for Clunkers

[thome]

And I'm told it's a bureaucratic nightmare and a complete pain in the ass with the paperwork for the dealerships. So yes, they're benefiting, but also devoting more resources to processing a program that might cease at any moment leaving them on the hook for up to $4500 in payment...

Yeah rite Punk&Fresh dealerships hate extra paperwork.

They hate the money that paperwork means.

Can't stand sitting at the desk all day pasting little sticky notes that say where the buyer should sign or initial.

It task's them to no end.

Fukk U assmunch, you know Dikk about nothing.

Nikiesukkaina3piece suit, making sh!t up again.

[Nickdfresh]

The dealership does, butt pirate.

And I'm told it's a bureaucratic nightmare and a complete pain in the ass with the paperwork for the dealerships. So yes, they're benefiting, but also devoting more resources to processing a program that might cease at any moment leaving them on the hook for up to $4500 in payment...

[hideyoursheep]

Please stop with the GI Bill = Cash For Clunkers. GI Bill people earned.

NOOOO!

I think they should continue...

BlackFag isn't a very strong swimmer, and I want to see how he executes the backstroke.

[Big Train]

Yes sir. Any orders you say sir..

[sadaist]

Please stop with the GI Bill = Cash For Clunkers. GI Bill people earned.

[Big Train]

No citizen that you are so offended over this is though fuckface.

[Blackflag]

Do I need to point out the obvious? Nobody is "getting a check for $4500".

The dealership does, butt pirate.

[Big Train]

Do I have to point out the obvious?

That's a loan guarantee. Not a home purchase. The government doesn't even put any cash out until if and when somebody defaults years in the future.

But you're right...that's just like giving somebody a check for $4500 for doing nothing so they can go buy a car today.

[Incidentally, I wonder what happens when a government spends years making sure every man, woman, child, and dog can own their own home? Take a look around.]

You can, obviously, yes it was a guarantee. Did it allow people who otherwise couldn't afford it to get into a new home? Yes. Is that not the same here with these cars? And are you seriously comparing the GI Bill with "predatory lending practices"?

Do I need to point out the obvious? Nobody is "getting a check for $4500".

[Nickdfresh]

ECONOMICALLY SPEAKING, the clunker thing is an immediate cash injection into the economy. The GI Bill wasn't - it was a long-term investment in education, and the money got sunk into colleges.

So they're not even similar that way...

Oh fucking please, this distinction is utter shit! The "long term investment" led to a propagation of colleges and a massive expansion of campuses that benefited not just the academics. But it also benefited construction workers, local municipalities, and the businesses that are supported by the campus population. It was indeed immediate. And the massive schools that built their reputations and infrastructure on gov't money are any more deserving than the auto industry, how?..

[Nickdfresh]

Naive.

We pay for other states' issues all the time.

Farm subsidies for example. EPA cleanups.

We're the United State for a reason.

Not too mention that some states send the feds more money than they get back to begin with...

[Nickdfresh]

Cash for clunkers just gives people an excuse to get another loan to buy something they don't need with money they don't have. Gee. Isn't this what caused the problem in the first place?

Right. So the banks benefit by lending, the manufacturers sell units, and the dealers sell another car. So what? And no, what caused the problem is a credit meltdown. If people are qualified, why shouldn't they get a loan for a better car that uses less gas and leaks less fucking motor oil/power-steering fluid/transmission fluid/etc.?

[Blackflag]

From the linked article:

"Millions also took advantage of the GI Bill's home loan guaranty. From 1944 to 1952, VA backed nearly 2.4 million home loans for World War II veterans."


Right, so those 2.4 MILLION homes purchased via the GI bill had no direct injection into the ecomony.

Not everyone went with the school option.

For reference,
GIBILL History - (U.S. Department of Veterans Affairs)

So they are not as far apart as you would assume.

Do I have to point out the obvious?

That's a loan guarantee. Not a home purchase. The government doesn't even put any cash out until if and when somebody defaults years in the future.

But you're right...that's just like giving somebody a check for $4500 for doing nothing so they can go buy a car today.

[Incidentally, I wonder what happens when a government spends years making sure every man, woman, child, and dog can own their own home? Take a look around.]

[Big Train]

From the linked article:

"Millions also took advantage of the GI Bill's home loan guaranty. From 1944 to 1952, VA backed nearly 2.4 million home loans for World War II veterans."


Right, so those 2.4 MILLION homes purchased via the GI bill had no direct injection into the ecomony.

Not everyone went with the school option.

For reference,
GIBILL History - (U.S. Department of Veterans Affairs)

So they are not as far apart as you would assume.

[Blackflag]

ECONOMICALLY SPEAKING, which is all I've commented on, it provides similar stimulus to the GI Bill.

ECONOMICALLY SPEAKING, the clunker thing is an immediate cash injection into the economy. The GI Bill wasn't - it was a long-term investment in education, and the money got sunk into colleges.

So they're not even similar that way...

[Big Train]

I thought it was and it is. You get upset and call me a jackass for responding to what you didn't say, but here you are doing the same.

ECONOMICALLY SPEAKING, which is all I've commented on, it provides similar stimulus to the GI Bill.

Again, if your bent that the car companies get bailouts, I'm with you. If your bent that it was not "earned", again I'm with you (It's being done to protect the governments investments).

However, to not acknowledge the DIRECT economic benefits it provides in the here and now, well thats just retarded.