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Originally Posted by flstf
Just got $4500 for our 1990 Montero and traded for a new Subaru Forester. Didn't need another car but this was too good to pass up. We were going to junk the Montero before winter anyway. Chrysler is doubling the amount so one can get $9000 off. We need a Four or All wheel drive and wanted something more reliable than a Jeep.
Also the $4500 is not taxed and the sales tax is deductible.
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You, like 80% of people who participated in cash for clunkers, bought an import. The only difference between you and the 80% is that you traded in an import, not a domestic vehicle. Of the top five cars sold under the program, only the Ford Focus was a domestic. Great stimullus for the industry there.
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Originally Posted by Derwood
not according to the Constitution
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If you are a constitutional scholar, please point out to me the portions that describe how the federal government can choose to let Bear Stearns go down the tubes, but bail out AIG. Or where it specifies that the president chooses and fires CEOs. Oh, wait, that's all "promoting the general welfare," isn't it? By your definition, NOTHING is beyond the scope of his powers. George Bush was a different story, though. He allowed three people to have water poured up their noses, and although that saved lives, he should have been impeached.
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Originally Posted by samcol
I've been thinking more about this program, and my question is if it works so well in this industry, then why not incorporate the program in other industries?
I work construction and have received a HUGE slowdown in work as of the last few months. Why not destroy perfectly good homes and commercial buildings (ie unefficient in the heating/cooling/insulating department) and allow the government to subsidize 1/4 of the cost of a new one like in the cash for clunkers program.
Wouldn't this really stimulate the economy as well? It would sure help out my industry...
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They're way ahead of you, sort of. Just quit paying your mortgage--the government won't let your lender foreclose! I didn't see that one in the constitution, either.