Good news in the ‘clunker’ giveaway

Let’s see how this works:  The federal government  switches on the printing press to crank out $1 billion which is then given to individuals to buy cars preferred by the government from companies owned by the government, obligating those too young to drive, as well as the unborn, to pay off the printing press dollars. 

it’s a very popular program and, of course, politicians in power wish to continue it, doubling it to $2 billion by shifting printing-press dollars from a “renewable energy” loan program. While a number of Republicans oppose the Cash for Clunkers giveaway, Democrats can pass it at will.  If they come up a little shy on the vote count, Maine’s two Republicans, Susan Collins and Olympia Snowe, are always ready to cross the aisle.

The encouraging news in the clunkers deal, as far as I’m concerned, is that the leading replacement vehicle, according to Transportation Secretary Ray LaHood is the Ford Focus, a vehicle produced by a private-sector automobile company.  Ford reports that  its July sales were up 2.4 percent over the same month in 2008, the first year-over-year sales increase in 19 months. 

Even though it is a $3,500-to-$4,500 per car taxpayer subsidy and it does amount to corporate welfare and it does come at the expense of the quality of life of chilldren unborn, the kernel of good news is that all of the money is not going into the coffers of government car companies.  Ford’s free-enterprise engineers and designers have brought forth a car that people want, just as they all used to do — well, maybe not American Motors — before government took over the industry.

It is printing-press money and the deficit this year will be at least $1.8 trillion and it is stealing from the future for current consumption, but all that said, it’s better to spend the billions on clunker deals than to throw it away on pork projects as much of the $787 billion “stimulus” does.

171 comments Add your comment

ha ha

August 4th, 2009
1:19 pm

Get real sucks at internet. Comrade obama says get back to work.

Please!!

August 4th, 2009
1:22 pm

*George American, the reference is to our children who have not been born yet will have to pay this debt. It has nothing to do with abortion. Our country is trillions of dollars in debt and our children and their children will pay for his folly.

Not a storm, but a puddle

August 4th, 2009
1:23 pm

Stormin Norman, I myself don’t blame Bush for not evacuating New Orleans. I do blame him for not having his priorities in order. He can send troops to Indonesia 24 hours after the tsunami, but takes a week to get those same troops to taxpaying citizens of this country. You would feel the same way if a ’storm’ hit your double-wide.

Get Real

August 4th, 2009
1:23 pm

ha ha sucks a complete sentences. W. says get a new strategery.

ha ha

August 4th, 2009
1:28 pm

Get real is obviously another unemployed libtard. Notice how none of them ever work? Or finished school? Lame syntax is sad. So is an unemployed libtard with a dull personality and crummy syntax.

HOHO

August 4th, 2009
1:34 pm

Doesn’t the $4500 reward those for the extra gas and polution they created ?

THE TRUTH

August 4th, 2009
1:39 pm

Hey Wooten,

You and the other fossils at the Grand OLD Party need to join the 21st century. Until then, keep telling the LIES… we just won’t fall for them this time. Enjoy your party’s decline into irrelevance…

THE TRUTH

August 4th, 2009
1:46 pm

With the cost of these BOGUS WARS in Iraq and Afghanistan (that helped to LINE DICK CHENEY’S POCKETS @ his parent company Halliburton) and their NO BID CONTRACTS, the USA could have paid for healthcare for all,free college tuition AND ALOT FREAKING MORE!! Thanks ALOT republitards for the pile of SH!T you left the USA in!! Now, all you have to offer is criticism. YOU REPUBLICANS CAUSED THIS MESS!!!!
Now go sit in the corner and POUT while the grown-ups clean up your mess! And no back talk, either you snot-nosed, whiney puscatores!!
Or you’ll get that a$$ spanked!!

dave

August 4th, 2009
1:48 pm

arnold – I know you’re not going to get this, but your grandfather was talking about YOU helping them NOT the government. There is a big difference.

Base

August 4th, 2009
1:48 pm

Jiffy Jim what kind of car do you drive? Maybe you need a new smaller car or is yours an AJC lease?

dave

August 4th, 2009
1:50 pm

Get Real – “Again I ask, what would a tax cut do for people with no job or income?” It would stimulate spending on stuff that people want, ergo it would create jobs for people who are unemployed. This isn’t rocket science.

sharecropper

August 4th, 2009
2:03 pm

Wooten, you remain unbelievable. Something works, you say it is a failure. What has happened to the integrity of you wingnuts? The intellectual honesty we once came to expect under Goldwater has been washed away by the likes of you and Gingrich, et al. You are sick puppies.

THE TRUTH

August 4th, 2009
2:26 pm

If tax cuts created so many jobs and were so good for the economy then we would have been in good shape when Bush left office. HELLO??!!??
It’s not rocket science! You and your irrelevant pity party left the US economy in SHAMBLES… Now go back to your corner and let the adults handle things. Your party’s FAILED experiment with VOODOO economics is over!!!

get real

August 4th, 2009
3:01 pm

Dusty

August 4th, 2009
3:02 pm

Well, a very senible commentary by Bookman. Let’s hope this trend continues.

Meanwhile, maybe all the libs that go to Wooten’s every day with personal insults and namecalling should come here for a change. Maybe “common sense” here will upset them just as much as it does at Wooten’s.

So,…. Bookman,if you promise to do this “good thing” again maybe we can all chip in and pay for your next year’s fishing license. It might be worth it.

Rockerbabe

August 4th, 2009
3:04 pm

The Cash for Klunkers Program appears to be popular and is taking a lot of old fuel inefficient cars off the road, thereby reducing oil consumption, stimulating the economy and helping improve tax revenue for local governments. The program is working [for the average citizen and taxpayer]! Maybe that is the reason the GOP doesn’t like it; it doesn’t add to THEIR bottom line directly.

Mr. Wooten speaks of the unborn and their burdens in the future. . .what a crock of sh*t! We can’t take care of the people already here and he’s worried about the unborn? How short-shighted; the women of this country will take care of the future generation and mostly without YOUR help as you believe in only providing for the next generation until it is born.

Where were you and the rest of the GOP when Dubya took us to a totally unnecessary war on a lie? And, where were you when he and the GOP refused to pay for the war by reducing government programs and shifting the funding to the war-effort or raising taxes? NOWHERE, that is were you many of you conservatives were and NOW your are complaining about the deficit? You love war, but don’t fight in the war and your children don’t fight in the wars either and I’ll bet, few if any from Wall Street fought in the war – nope, you all stayed home, went to the mall, made and spent your money and let “the other guy” do your fighting for you. How cowardly. Now you complain about a program designed to stimulate an economy the conservatives and their greedy bast*%ds wrecked. Retire. . your are hopelessly out of touch with the real world.

Pablo

August 4th, 2009
3:05 pm

Not to cloud the issue with facts, but in response to “Do the Math” earlier today, the Ford Focus is assembled not in Mexico but in Wayne, Michigan. The engine is from Dearborn, Michigan.

Dusty

August 4th, 2009
3:09 pm

Awww, Jim, ….:roll:

I’m addressing Bookman, but thinking of you.

But for some of the posters here (those known as liberals), “If the shoe fits, wear it.”

Get Real

August 4th, 2009
3:14 pm

@ ha ha, Morehouse College graduate, JD from DePaul University ‘10.

@ Dave, if that was the case that tax cuts stimulate the economy and leads to job creation, where are the jobs from the Bush tax cuts?

WBK

August 4th, 2009
3:28 pm

I need a new roof!!!

Mother Faulkner

August 4th, 2009
3:39 pm

I hate to burst your respective bubbles, but I don’t think Mr. Wooten reads these comments!

Mother Faulkner

August 4th, 2009
3:40 pm

In fact, he probably doesn’t even write the blog: I’m sure some intern at the paper does that for him.

????????????????

August 4th, 2009
3:52 pm

What did Wooten say about Bush’s TARP? The taxpayer ripoff that both of our Senators voted for.

Do the Math

August 4th, 2009
3:57 pm

Pablo:
My bad, thanks for catching my mistake.

deegee

August 4th, 2009
4:02 pm

If you consider that a new car loses about $3,500.00 in value the minute you drive it off the lot then the car buyers are about even on the deal. My 1997 Volvo sedan gets 19 average MPG so it just missed the threshold. I would have considered trading it in for a good used vehicle but I wouldn’t consider trading it in for a new vehicle. About six months after this feeding frenzy is over I will probably be able to pick up a barely used vehicle that someone bought during a greedy impulse and soon realized that they can’t afford.

Dan

August 4th, 2009
4:09 pm

So how many of these new cars are going to be repo’ed when people who have a perfectly good paid-for car do the trade anyway when they really can’t afford a car payment. Wonder if we’ll ever hear that stat?

deegee

August 4th, 2009
4:10 pm

Watch the auctions, Dan.

Jake

August 4th, 2009
4:29 pm

The traitor Reagan ran what were the largest deficits at the time about 25 years ago. Can anyone tell me how the next generation, people that are now say 25-40, have paid for any of that deficit spending?

Stomp the republitards--they make it easy. We won elections.

August 4th, 2009
4:32 pm

Mr. Wooten doesn’t understand the essense of the real Cash for Clunkers program. It’s dynamics are these: Republitard phony family values hypocrit, phony religious hypocrit wants new more energy efficient woman. He often lives or has lived in a tax dodging nutcase place free called the C Street House which is reminiscent of a frat house on bad acid.

They go shopping for new more energetic woman and trade in old battleaxe Republitard wife for new model. They drive new model for a while, then get mommy and daddy to pay off new model 100 grand and get jobs for new model’s family. Sometimes the former dealers of the new model threaten to blackmail the Republitard Senator or Governor, or they disappear to testdrive the new model using state funds which they steal. While any citizen who steals a pack of cigarettes would be buried in a filthy county jail, often if in Georgia with no counsel available in defiance of federal law, the Governor merrily steals the money and says whoops I’ll give it back after the run to drive the new car and ah loves muh clunker yes ah do even if there is no energy and no sex.

Ah wants to know why people is attackin or is it attakun them sofisticAted Birthers. So what that their counterfit Kenya Birth Certificate is full of moron historical errors. Rep[ublitards ain’t never been much for school anyway goshdarnit.

Sounds like ole Sarah the tranny has been in on the cash for clunkers program. Free M&M’s for the first pubbytard who can name the strangers dippin into ole Sarah’s moosebin.

Meanwhile Bill Clinton rescued the two journalists and just say no cause we be stoopid pubbytards claimed as usual he was gotiatin with terrrrrrrrrrrrrrrrrrrrrrrisssssssssssssttttttttsssssss. Don’t spit on nobody boys and girls, like.

Clinton didn’t pay them nothin, and secret deals brought him planes and 200 million that the Clintons lied and said they’d reveal and never did, but right now since Bush had no intelligence, Clinton is the last agent who can report to the CIA about wtf is goin’ on over theah in NK.

Pubtardss say just say No to health care until what…

Here’s what I’ve seen for real–Pubtard wife gets infiltrating ductal CA needs mastectomy and their insurance company done cut ‘em off–then they want a public option.

Pubtard little boy has tragic illnesss–insurance company cut’s em off and says screw the little boy–pubtards want a public option.

Pubtard has 4 cancers like moron McCain–insurance company refuses radical neck procedure which McSame the loser got. Then pubbytards wants the public option.

Reconciliation & Republican Defeat is a Comin' Baby.

August 4th, 2009
4:52 pm

All the moron disrupters at Town Halls are accomplishing is that the politicians they disrupt will vote for a public option–and like whackjobs that need medication, they will get their medication.

Algonquin J. Calhoun

August 4th, 2009
5:06 pm

I don’t remember you complaining while Bush was spending a billion a week in Iraq! Is the problem that this program is helping, rather than killing, people?

deegee

August 4th, 2009
5:30 pm

Anyone want to speculate on whether or not our employers will start dropping health insurance coverage for spouses and dependents if health care reform dies? It’s not like they won’t have a good excuse. After all, the economy sux, and we have all agreed that the cost of health care is a trillion dollar burden that comes out of somebody’s pocket…

Bill

August 4th, 2009
5:41 pm

Congress has really delivered a real clunker – outrageous ! My grandkids will pay !

Reconciliation & Republican Defeat is a Comin' Baby.

August 4th, 2009
5:43 pm

Your grandkids get sick with ai cancer and the insurance companies will dump them like hot lead.

Reconciliation & Republican Defeat is a Comin' Baby.

August 4th, 2009
5:44 pm

You get sick Bill, and your insurance company will dump you in the dirt to die.

Reconciliation & Republican Defeat is a Comin' Baby.

August 4th, 2009
5:53 pm

Bring the protestors out to disrupt Obama and they’ll be facing a federal trial.

Reconciliation & Republican Defeat is a Comin' Baby.

August 4th, 2009
6:14 pm

Get on a Wooten nutcase bus to shout down information exchange– make a fool out of your party. You can do it. Join the whackjobs and keep trying to disrupt the town hills. It’s already backfiring. Cheer for the insurance companies that will drop you like hot dog sh_t if you get sick.

Pablo

August 4th, 2009
6:14 pm

For Do the Math: Sorry to be nit-picker, I just happen to have a Focus. Your point is well taken, because the Ford Fusion and Mercury Milan, also big sellers under the program, are assembled in Hermosillo, Mexico, with engines from either Chihuahua or Cleveland.

Reconciliation & Republican Defeat is a Comin' Baby.

August 4th, 2009
6:32 pm

Deegee be all confused with organic brain syndrome. The Dow has hit its highest point; the economy was put in the ICU by the Bush morons, and inly six months the Dow is rallying to the hightest point in over a year, the GPO shows marked improvement after you Republitards drove it to the brink of a depression, and like a very traumatized patient, it’s goingt to take us months more to improve employment that you numbnuts drove into the ground. In spite of your stupidity, deegee, we will get the patient well.

Can’t any of you republitards read a f_ckin’ stock page? Wow. Even the republitard WSJ admits Obama has rallied the Dow and the S&P. How did all of you get so effing illiterate. Is their a republitard ignorance gene? And so effing racially intolerant. Those people at the protests are some of the homeliest looking imbeciles I’ve seen in a lifetime.

Reconciliation & Republican Defeat is a Comin' Baby.

August 4th, 2009
6:37 pm

Judge Shoob kicks Bush SEC in the nuts.

federal judge in Atlanta has sharply criticized the U.S. Securities and Exchange Commission for what he described as a seven-year “relentless pursuit” of a Tennessee businessman and his lawyer partner while “studiously ignoring Bernard Madoff and the largest Ponzi scheme in American history.”

In an order handed down July 28, U.S. District Senior Judge Marvin H. Shoob rejected the SEC’s attempt to collect more than $10 million in fines and penalties from Steven C. Wyer, Tennessee attorney Kurt V. Beasley and their defunct capital investment company, Merchant Capital LLC.

Instead, Shoob limited the SEC’s request to fines of $6,000 for Wyer, $2,000 for Beasley, and $50,000 for Merchant Capital for unintentional violations of federal securities laws that Shoob has repeatedly said did not warrant the zeal that SEC attorneys in Atlanta have devoted to the case.

The SEC has not decided whether to appeal Shoob’s order to the 11th U.S. Circuit Court of Appeals, but it could find a sympathetic audience there. The 11th Circuit twice has backed the SEC on appeal and remanded the case to Shoob.

This time, Shoob’s order contrasted SEC actions against Wyer, Beasley and their company against the agency’s inaction in the face of complaints about New York financier Bernard Madoff. On June 29, Madoff was sentenced to a 150-year prison term after he pleaded guilty to defrauding investors of nearly $65 billion since 1991. for decades.

“Unlike the investors who trusted their life savings to Mr. Madoff, those who purchased interests in the partnerships at issue here were fully informed of the substantial risks involved, including the possibility that they might lose their entire capital contribution,” the judge wrote in the 29-page order. “And unlike Mr. Madoff’s Ponzi scheme, the partnerships at issue in this case were based on a reasonable business model and were operated as viable businesses that had the potential to earn a profit.”

Shoob also found that, “Even though the partnerships turned out not to be profitable, the partners still recovered two-thirds of the money they had invested, and only one out of nearly 500 expressed any dissatisfaction about the partnerships’ performance. Nevertheless, after nearly seven years of litigation and the expenditure of untold resources that could have been better spent pursuing crooks like Mr. Madoff, the SEC is back before this Court demanding a permanent injunction as well as disgorgement, penalties, and interest in excess of $10 million.”

Calling those demands “overreaching,” Shoob concluded, “[T]he conduct of the SEC in this matter [is] much more egregious than the conduct of the defendants.”

Michael H. Smith

August 4th, 2009
6:51 pm

I do have to laugh, my last comment is awaiting moderation. After reading what is allowed to be posted by some people on this blog? :lol:

Fletch

August 4th, 2009
6:59 pm

You just have to laugh at some of these blog libpigs. Man what hate. The funniest is they won’t admit their wonderkid hero is screwing this nation up faster than Bush could have ever done in 8 years, let alone 8 MONTHS. Appointing crony czars who take away powers of cabinet officials; printing money to make up for the RECORD SPENDING IN THE HISTORY OF THE UNITED STATES; raising taxes on everyone but the bottom 50% who don’t pay them; wanting to destroy 20% of this nation’s economy with LITTLE support from the PEOPLE of this nation and not even having 60 votes to do it and saying “we’re going to do it anyway.”

Nah, while Bush sucked, he had NOTHING on you libpig’s wretches running Washington. Know that much, jackalcrats.

Fletch

August 4th, 2009
7:04 pm

Oh and that reminds me…….these pathetic libpigs have complete power in Washington and still spewing hate about Bush and Conservatives on conservative blogs. Wouldn’t it just suck to be so full of anger and hate moreso for fellow Americans than for al Qaeda terrorists? I mean, that’s just got to be one miserable libpig dumocrap life. Sad, really. But America is waking up and is seeing these people for who they are: arrogant fascists who will stop at nothing to project their communist America destroying utopia down our throats. But fortunately, libpigs don’t make up the majority or even plurality of voters in this nation. Moderates do. Obamajoker ran as a moderate and is showing his true self and people don’t like it. It’s going to be fun watching them fail America and get the jackboot.

Fletch

August 4th, 2009
7:08 pm

‘A storm is brewin, obviously the plan is working since the funds allocated for it are depleted.’ –get real

GR: nobody is arguing about the SUCCESS of the program. It’s the government MISMANAGEMENT of it, dumbass.

Michael H. Smith

August 4th, 2009
7:15 pm

Do you think maybe the fascist socialist liberals became tired of agreeing with each other over on the Daily Kos and decided to spread the hate I mean, spread the message of their messiah, Obumer, onto Wooten’s blog?

Reconciliation & Republican Defeat is a Comin' Baby.

August 4th, 2009
7:35 pm

Michael H. Smith is awaiting his 1021 hearing on Grady’s 13th floor.

Reconciliation & Republican Defeat is a Comin' Baby.

August 4th, 2009
7:40 pm

This extreme violent behavior is being organized and funded by those at the highest levels of the conservative infrastructure. It’s not some sideline, some quirky hobby. It is the function and purpose of these organizations to threaten and intimidate elected officials in order to subvert the will of the electorate to a corporate agenda.

Reconciliation & Republican Defeat is a Comin' Baby.

August 4th, 2009
8:00 pm

Clinton and the 2 journalists are wheels up.

Reconciliation & Republican Defeat is a Comin' Baby.

August 4th, 2009
8:02 pm

Blackwater’s Eric Prince pending indictment for murder–nothing like a Christian Republitard zealot in prison.

Fletch

August 4th, 2009
8:28 pm

“This extreme violent behavior is being organized and funded by those at the highest levels of the conservative infrastructure. It’s not some sideline, some quirky hobby.”

Would you listen to that. The biggest hate pig on this blog pissing her pants over Conservative and even Moderate rejection of libpig policies. You better get used to it, hate libpig. Extreme violent behavior. LAUGHABLE! You candyasses can’t stand rejection of your fascist neocommunist libpig policies and like a bunch of pansies you are just call it hate speech and “extremely dangerous” thinking. You jackalcrat people are so gd pathetic it’s nauseating.

And Bill Clinton meeting with a man who disavows the UN and world is just – so Clinton – and Carter. At least he’s more in the news than his wife!