Cash for Clunkers 2: The Return of Government Motors

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Thread: Cash for Clunkers 2: The Return of Government Motors

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    Cash for Clunkers 2: The Return of Government Motors

    The Washington Times Online Edition
    Cash for Clunkers 2: The Return of Government Motors
    Kerry Picket
    March 29, 2011

    Link to complete article:
    http://www.washingtontimes.com/blog/...-capitol-hill/


    Ready for another cash for clunkers program? It looks like General Motors is attempting to replace it's own consumer incentives with tax payer money. The car company, bailed out of bankruptcy in 2009 by the American tax payer, appears to be turning the government into an automatic rebate provider.

    Essentially, if one were to buy a $41,000 Chevy Volt, the buyer gets a $7,500 coupon, so the final price is $33,500. In the end, the auto dealer assumes the risk of the government giving them this tax credit.

    It is pretty convenient that Ms. Stabenow, who represents a state where GM is headquartered is pushing a bill that is also supported by Edison Electric Institute, whose president was loaned a Chevy Volt

    GM is likely the most excited about this instant credit plan. “General Motors supports the instant credit saying the bill “integrates all of the components necessary for successful acceleration of electric vehicles in the marketplace," The Detroit News reported.

    Is the United States really prepared to deal with another tax payer paid for deal that will only benefit the now government owned GM?

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    Re: Cash for Clunkers 2: The Return of Government Motors

    I had to lol for about 3 minutes right there but, thats only because I didn't want to cry over the sheer stupidity of this article. dumb dumb dumb dumb

    EDIT: *checks calender* just as I thought, not April fools yet. whoever wrote this must be lacking in a few of their mental faculties though
    Last edited by TuffG929; 03-30-2011 at 09:28 AM.

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    Re: Cash for Clunkers 2: The Return of Government Motors

    So Nissan Leaf, Ford Focus Electric, and Plug in Prius would not get the cash, right? God I hate the political slanted crap that "serves" as journalism today from both sides.
    Last edited by Hitman1970; 03-30-2011 at 12:47 PM.
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    Re: Cash for Clunkers 2: The Return of Government Motors

    It takes the current $7,500 tax credit, and turns it into an instant rebate. Big deal.

    Now, to the point of the article - is GM the only automaker peddling EVs? Nope. Therefore, everyone's "bias alarm" should be sounding wildly.

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    Re: Cash for Clunkers 2: The Return of Government Motors

    Yeah, not even going to stick this in a news section.
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    Re: Cash for Clunkers 2: The Return of Government Motors

    I suggest you post your counterpoints in the comment section.

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