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Originally Posted by
twinkiedooter
So, our insurance premiums are supposed to get lowered? HA! So, why did my insurance company agent tell me that if I had one of those little farting cars my premiums would be higher than the Jeep that I own now? The reason cited by my insurance lady was the fact the little cars cost more to repair. So I'm not buying the "our insurance premiums are going to go down" baloney.
Also, didn't you guys figure out that the reason they are pulling the $4,500 trade in so that they can keep the low end price cars off the market completely? That means that there won't be many $1,000 or $1,500 affordable cars out there anymore for folks who don't make a zillion dollars a year. That means that if there are no "cheap" or reasonably priced vehicles out there to buy that everyone will have to be saddled with a monthly car payment. Great idea. Only Washington morons could dream up this dribble. Make everyone (or force them) have a nice, new farting little car with a huge monthly payment hung around their necks like millstones. Hats off to you Washington for this brilliant idea to enslave America further.
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The “clunkers” being crushed were the next generation of used cars capable of supplying the middle class, minimum-wage earners, students and the poor with transportation necessary to keep this nation moving forward.
This government giveaway is only for those who qualify for a car loan and who choose to go into debt at a cost of hundreds of dollars a month in payments, plus insurance, in order to help an industry we’ve already spent billions of tax dollars bailing out.
With America still reeling from the collapse of the housing market brought on by teaser loans promising people homes they couldn’t afford, the government now comes along with a program that does for car ownership what was once done for real estate.
Crushed cars. Loan defaults. Repossessions. No transportation to get to lost jobs. It’s the next recipe for disaster that the experts, government officials, media and talking heads don’t see coming. I betcha.
Marguerite Quantaine
Ocala, Fla.
The “cash for clunkers” program required the government to accurately estimate the demand for trading in a car, and based on that to provide adequate funding for the program (“‘Cash for Clunkers’ Runs Out of Gas,” page one, July 31). The government failed in its analysis.
One might argue that the program was a success, given that the money ran out after four days, but that would be missing the larger point. Based on cash for clunkers, there is no reason to believe President Barack Obama and Congress have the ability to properly estimate the infinitely more complex supply, demand and cost of providing health care. And when they get it wrong, the outcome will be far more dire than simply having to keep one’s clunker a little while longer.
John C. Katz
Falls Church, Va.