President Obama has certainly been busy with his bailouts, stimulus packages, and attempts to take over the health care system. It seems as if the money that we don’t have is still burning a hole in his pocket. Obama’s efforts to stimulate the economy ($1 trillion here, $1 trillion there) continue with the implementation of Cash for Clunkers yesterday.
Cash for Clunkers allows people with older cars a government rebate for up to $4,500 when trading in for new, more fuel efficient cars. (Let’s clarify, by “old” the government means a car less than 25 years old that already gets less than 18 MPG). Car dealers must meet certain requirements, released last week, in order to be a “qualified” dealership. This presents two problems: The first being that we, the taxpayers, are essentially buying other people new cars.
This apparently will stimulate sales and benefit both car dealers and manufacturers, as well as those who qualify for a new car. I don’t remember “the right to own a car” being in the Bill of Rights or for that matter Roosevelt’s far more expansive Four Freedoms. The second thing I take issue with is taking functioning cars of the road to be destroyed in favor of newer (post-2007) more environmentally friendly models.
How is it environmentally friendly to create a fleet of new cars and destroy, thus waste, old ones before their time? And this all to the tune of $1 billion (provided it doesn’t go over budget). How long can the government throw around billions of dollars like it’s petty change? And is the taxpayer-funded Cash for Clunkers really going stimulate the economy more than it costs? Voters need to start looking at the costs and not just the benefits of these government-sponsored programs.
The offer renews after one year at the regular price of $10.99 monthly.