Obama's Cash For Clunkers Program Blamed For Keeping Used Car Prices At All Time High

And they are all running into the same thing. Affordability is going away and now you can rationalize another rebate so the average person can buy a reliable car. A never ending circle.

Obama could cure cancer and there would be people here critisicin him. No matter what Obama does (good or bad)some people here are going to hate him no matter what. I call those people idiots.

The number of those that think Obama is is doing a good job is at an all time low of 36%. Thats the same percentage of those that are freeloaders.

"What has Obama done that's good for this country?"

- Bin Laden, health care reform, credit card reform. Shall I go on?

"Obamy woke up the country as to how evil and bad for this country the Democratic party is."

- Yeah... Lets give the country back to the Republicans. The same people who drove this country into the ditch in the first place. Remember 2008 the finanial crash? That happened under Republican leadership. Its amazing how some here people ignore facts, or just have a selective memory.

The Repulicans gave this country away to the Corporations. Not sure why some people here thinks thats a good idea.

OK I am defending Obama. Which Poltician would you like to see in his place?

"I thought it was waterboarding that got them the intelligence they needed to get Bin laden? At least that's what Dick said."

- Classic example. It doesn't matter how these things contradict each other, as long as they discredit Obama then it doesn't matter. What was it? intellegence that got him? Or waterboarding? Someone's telling a fib. Now watch the loons say that both were resposible. Anything other than Obama. Obama can never do anything good as far as they are concerned, even if facts are presented that prove otherwise they will never acknowledge it.

I just did. Ok, let me try again. Although I already know that I'm wasting my time. Your mind is incapable of accepting anything that can be considered good by this administration. Truly clouded and brain-washed

Here goes:

He made the command decision to take out Bin Laden. Was that not good for the country? His decision was to use the seal team, instead of occupying a country and sending 100,000’s of troops like the dumb GOP would have done. Guess which method worked? John McCain said that if Obama sent a small team into Pakistan then he is “naive”. Who’s naïve now? The dumb GOP that’s who. How many times does Obama have to make them look stupid?

That really doesn’t matter though. In your clouded Obama hating mind you will foolishly discredit anything that can be considered to be good. You my friend are unreasonable. Later

@1911 OK I am defending Obama. Which Poltician would you like to see in his place?

- No answer? All you guys do is complain yet never offer a solution. I'll ask this again; Which Poltician would you like to see in his place? The Crickets are deafning. Now I'm the one who's laughing, at you.

Vince Powell might be seeing high used vehicle prices, but it is not really attributed to cash for clunkers. There are over 240 MILLION vehicles on US roadways (you can check yourself - USDOT vehicle registrations). Of this, at least 100,000,000 were put on the road within the past 10 years. The reason we are seeing high used vehicle prices is NOT because we took "677,081" cars off the road. It's because we were building cars at a clip of 17 million per year before 2008 and then ramped down to 10/12 million. There are more cars being scrapped every day than there are being produced. Do the math.. you can see that cash for clunkers was too small a program to truly be blamed. It didn't really do much of anything.

I agree with both of you. $3 billion could have been used in a more wise manner. IMO, there is a very small correlation for my 6.0 V8 Pontiac G8s value being high due to a 1992 Ford Exploder being executed. Price remains high because such a low amount of ALL vehicles were made/sold in 2008/9. One could also argue that without CARS, prices would be higher in the used market for late model vehicles, as ~700,000 less COULD potentially have been sold. IMO, too many additional factors to blame CARS.

BSBB - This discussion is not about the cost of cash for clunkers - it is about whether or not cash for clunkers is the reason why we are seeing high used vehicle prices. I'm sure you are pleased with your clever response but it is irrelevant right now. The math I was talking about is related to vehicle supply and demand. The used vehicle population is well over 100,000,000 cars (that's 100 million, BSBB). To say that extracting 700,000 from the market could have such a protracted 24 month increase on prices is far fetched. As you can see from new car sales data, we are not building new cars at the rates we used to. The impact of that is that the supply of used vehicles will shrink over time as monthly scrappage exceeds new production. In addition, interest rates are very low, meaning that manufacturers can offer incentive financing instead of cash back to promote sales. This provides a higher ceiling for used vehicle prices to rise toward while still staying below new.

Under this particular program the vehicle traded in was mandated to be scrapped. The engine had to have a solution run through it that destroyed it and the rest of the car was supposed to be sent to the recycle (junk) yards. None of them were supposed to be resold, in fact doing so was a major violation.

The problem with cash for clunkers is that none of the cars traded in could be resold, and I have seen some very nice cars that are far from clunkers being traded in. Some nice Volvo's, BMW's and late model cars that would serve someone well destroyed. As a car enthusiast I cringed at the sight of some of these cars that were being crushed under the cash for clunkers program.

This is just Agent009's attempt to create another Obama hate fest. I see the usual suspects took the bait. LOL!!

This is why only about 5 or 6 people ever come to this site

A LexSucks comment followed up by an equally stupid uaw_lax gem. That's like a 1985 Yugo tailgaiting a 2001 Pontiac Aztek. Or Barney Frank spooning Michael Moore. Or the Bad News Bears backing up Bill Buckner at first. Should I keep going?

Who cares. Obama isn't god. I know that. Its just that you guys have nothing coming from the other side other than a bunch of loons but will never say anything about that.

I say again:

"Its just that you guys have nothing coming from the other side other than a bunch of loons but will never say anything about that."

And again:

"Its just that you guys have nothing coming from the other side other than a bunch of loons but will never say anything about that."

One more time for the deboosters (since they know its true and can't offer a counter). They know that if they mention anyone of the GOP candidates that I will make that candidate look more stupid than GWB.

So here is is again:

"Its just that you guys have nothing coming from the other side other than a bunch of loons but will never say anything about that."

And you continue to not say anything about it. LOL!!

I'm enjoying this:

"Its just that you guys have nothing coming from the other side other than a bunch of loons but will never say anything about that."

You people talk crap about Obama while at the same time cannot offer a viable candidate. LOL!!! No wonder why you guys dont have crap to say about this. LOL!!

Rick Perry and his N___ Ranch? Nope, racists aren't allowed to be POTUS anymore.

Backmann? Prey the gay away? LOL!!! Not a chance. Even GOP members are turned off from her.

Hermain Cain? The person who tells unemployed people that it’s their fault why they are unemployed. He might have a chance. I’m sure that most people here blame the unemployed for their situation. That line of retarded thinking is right up you guys alley. But he won’t get the nomination. If he did the GOP would self destruct even faster than its doing now.

Romney? The governor who couldn’t even get re-elected in his own state now wants to be the president? And besides he’s a Mormon. The religious right (read wackos) wont vote for a non Christian.

Trump? LOL!!!

Huntsman? Nothing wrong with him. Probably the only guy that can beat Obama in the General. But he believes in Global Warming. Everyone in the GOP knows that Global Warming is a farse.


So I can see why you guys are so silent about this. The GOP field is comical. You want to remove Obama but are too embarrassed to name a candidate (your candidate ) that will go up against him. Funny

The greatest expense of owning a new car is depreciation. In a tough economy, many people choose to avoid that expense by buying a used car. Consequently, the demand for used cars is high.

But I appreciate the in-depth Pulitzer-worthy reporting, digging deep with opinions from an Oregon used car salesman. I guess a lot of people will see Obama in a totally different light now, since we all know he and only he is responsible for Cash For Clunkers -- I mean, of course the President can just create programs and pass them single handedly, right?

"he simply passes executive orders during congressional breaks"


- And that would make him the first president to ever do so? Didn't your boy George W sign tons of executive orders? Double standard much?

The country is going to crap (even though this started long before he was elected), Blame Obama.

The republican lead Congress won’t pass a job bill, blame Obama

Our nation is 37th in education, blame Obama

Our jobs have been shipped overseas, Blame Obama

Bush lied us into wars, Blame Obama

Bin Laden gets killed; they say that it didn’t have anything to do with Obama. LOL!!!

I see what’s going on here. If something good has been done while Obama is in office (like killing Bin Laden), it is completely discredited by the retard patrol here. If something is done that is bad while Obama is in office, the retard patrol here says that its 100% his fault. Can you retards see the flaw in that? You cannot blame only the bad stuff on Obama, while ignoring the good (or creating a false story discrediting it). You people are a piece of work

"Our nation is 37th in education, blame Obama": Who would you like to blame here, and why?"

- Not Obama. We've been lacking in education since before he came into office. Agree? And education is one of the things that he's been pushing.



"Our jobs have been shipped overseas, Blame Obama": Again, who would you like to blame, and why?"

- Previous Administations. You think that jobs just started to get shipped overseas when Obama got elected?


"Bush lied us into wars, Blame Obama": And what lies did Bush tell to get us into wars? Facts only please."

They have weapons of mass destruction. Remember that one? Oh my god you have a selective memory. That one was too easy. LOL!!

And Congress IS NOT lead by the democrats?

In the 112th Congress the U.S. House of Representatives, Republicans hold the majority with 242 seats. The Democrats have 193 seats. The speaker is the majority leader. In this Congress, the position is filled by Eric Cantor of Virginia’s 7th District. How can you not know that and then try to get into political discussions?

Here's a link to educate yourself.

http://www.uaw.org/node/2916

"Congress' is composed of two houses: 1) the House of Representatives, and 2) the Senate." - BSBB

- Then how can one party control them both? I understand that you want to blame everything on the democrats but saying that congress is controlled by the democrats is a flat out falsehood. If anything neither party controls the congress. But since the congress isn't looking good right now, you want to make it seem like its all the democrats fault. Funny. Tell me, how does the Democrats control the congress?


“And don't refer me to a link to the UAW, as they are a bunch of dumbasses as well.” - BSBB

- OK. Tell me one thing in that link that isn’t correct


“Lex....Seriously, you're digging a hole for yourself with your idiotic comments.” - BSBB

- "Nah dude... You are digging yourself into a hole. Funny how you didn't comment on any of my replies to your questions. That speaks volumes. I can't believe that you forgot about bush lying us into war. LOL!!! If anything thats the most idiotic comment on this entire page.

Crickets

"Americas only real enemy right now is the GOP/teatards. "


- Amen!!

BSBB and 1911 are doing the devils work. They are pushing the corporate agenda even though it’s against they're own personal interests. America is filled with these corporate shills, claiming that they know what is best for the country, when in reality all they are doing is unknowingly spreading the corporate agenda.

The middle class is shrinking. And what the middle class is losing is now going to the top earners. It was made possible by getting rid of some of the regulations. Sounds familiar? Regulations are what the GOP is now trying to get rid of (or prevent from being implemented). Why? So that the financial industry and health industry (and other corporations) can keep robbing you blind. If you aren’t a top earner how the hell could you subscribe to the corporate take over of America? It’s amazing what the media can trick people into fighting for or against.

@1911 The truth hurts, doesn't it? It isn't your fault that you were brainwashed to protect the best interests of corporations.

And please explain to me how what I posted above is communist?

Thought so.

It’s obvious that most people here are brain washed corporate shills. Just like the rest of America. And you question why the country is going to crap? Look in the mirror.

Corporations will have you living off of Ramen noodles of you let them. Paying you less puts more in their pocket so they can get another mercedes SLS (or a G5 jet, which funny enough is subsidized with your tax dollars. Yep, poor people are giving money to CEOs so they can fly their corporate jets).

Yet this corporate welfare isn't even mentioned here. Corporations getting money from poor folks are OK. It’s when the poor workers ask for more money from the corporations is what folks here have an issue with. How can folks let themselves get mad at poor workers while at the same time not having a problem with corporations and slave wages? Fox news is how. Enjoy.