The Cash For Clunkers program has come and gone and the aftermath is just being felt.The Obama administration has called it a HUGE success, the car dealers who once thought it a good deal for them, now wonder if they will get their money. The customer who traded their clunkers are now starting to get their new payment books, and with a lot of them now unemployed worry how they will pay for their once good deal.So who really won with this attempt to try to try to stimulate the economy, with YOUR money?The Government says they are winners and are patting themselves on the back for coming up with such a great idea that got the New car business back on track. It all looked good on paper and then when the time came to make it work, just like everything the Government gets their hands on, they screwed it up. Cash For Cars Sydney
First they told the American consumer they were going to give away $3,000 to $4,500 for their old gas guzzling clunker, all they had to do was go get a New car that would get at least 2 MPG more than their old one. No problem, like all good Americans they rushed out to get their $3,000-$4,500. After all it was free money, didn’t they know it was their and your tax dollars they were getting “FREE”. You see the Government doesn’t really have any money, it’s really yours that you give them every payday to give away anyway they see fit.So after 1 week they used up 1 Billion of your dollars, so the administration said, “WOW”! Did we do good or what. Lets throw another 2 Billion dollars into this and make it twice as good”. After about 3 weeks they said they were out of money and they had fixed the Automotive market and it was time to close down and move on.
So the administration chalked it up as a big win for their side. Were they winners or wieners? YOU decide.Okay, now how about the dealers When the car dealers first heard about the C.A.R.S. program, they thought this was going to be a big win for them. Here they were with a recession going on and very little traffic in their show rooms, so how could they lose?Everything started out just fine, they were selling cars faster than they could ever imagine. Their service departments were busy disabling all those engines so they would be nothing but a chunk of metal. Their finance department and all their office staff were busy filling out the paperwork for the clunkers so they could get their money back from the Government. How good could this program be?