Senate salvages 'cash for clunkers'

Republicans have lost an effort to kill a $1 billion "cash for clunkers" program that would offer government incentives of $3,500 to $4,500 to consumers who trade in old gas guzzlers for more fuel efficient vehicles.

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[GoToJim4]

why doesn't the govt. offer these cars to poor people instead of just getting rid of them. they might even make some money

[capitoldetailingnc]

This is stupid! They are considering 2000-2001 car a clunker, which it is not, those vehicles could be used for many years to come! This is stupid it will raise used car prices and not everyone can afford a brand new car, and not everyone wants a huge car payment.

[XioC652]

Lol cash for clunkers... a scam. you'll have a 400-500 car note for a few years, paying for higher gas prices not only that, we- the tax payers and funding this.

[markVIIchick]

I'm with you there.

[markVIIchick]

No one wants a $400-600 car note along with full coverage insurance for the next 5-7yrs PLUS paying for high gas prices. Yep, I see savings there! That $4,500 will seem like nothing.

And whose to say these people won't get laid off along with the millions of others that already have? They'll be what? Right back into another OLD car. Crazy.

[mistersandman2u]

Wake up people, this stupid A__ program is being supported on the backs of hard working tax payers!!!! This is a total OBAMANATION!!!!!!!!!!!!!!

[Alexltavares]

foreign cars built in the US by American workers, sold at retail car shops owned, operated and run by Americans.

AKA more cars sold equals greater stability to the car industry, which is the backbone of American manufacturing. No one is twisting someones arm to buy a car. If an individual buys a 30,000 car with only a 4,500 gov rebate, they prbably can afford it. If not then that is their mistake. Personal responsibility no?

[Dempsey187]

it wont help the economy becuase you can use government money to buy foreign cars. this is so stupid

[lonaticc]

This should be called "Cash 4 Clunkers 4 UPPER-middle clas & the rich". First you have to have WAY high credit score to get a loan for a NEW car, this program doesn't offer for used cars at all, then if a person does get a loan on a new buy, they go into MORE DEBT. This is an Obama payoff for the AIU. This program doesn't care about "the enviornment" or regular folks in the middle class or lower. I have a HUGE old Clunker Town Car 4 sale at $3,500. That'd make you 1G profit. ANYONE INTRESTED?

[classicautofan1]

I hope this whole dumb administration gets impeached and voted out out fo office.