No Moore Cash for Clunkers 2

There are two problems with the Cash4Clunkers program. One is that the Government is handing out taxpayer money with out regard to you and I the taxpayer. The other is that is is going to create a "Clunker" bubble when all of these participants realize that they can not afford a new car loan, and the cost of full coverage insurance. Defaulting on new car loans will be bad. Not as bad as defaulting on your home loan, but bad none the less.

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[biguglytrux]

Why don't you do a video explaining to all the dense people who have no idea how to buy a car, ALL the ins & outs of the car dealing business, AND the cash 4 clunkers program; you seem to have an immense amount of knowledge that you seem reluctant to divulge. Maybe you believe it's over everybody's heads. Maybe you're too busy filling out clunker paperwork. But please, enlighten us.

[dvid22]

he does realize that he has the option to use this program right that it is not mandatory and second where was he when bush was in office

[againat5]

Please do some research also yes I do sell cars i know every little detail because aquiring a car loan for these is very very fucking annoying. So please research this. I'm also happy this program is over its good for people but trustfully bad for car dealers and you wouldn't even know why because i can see your a bit dense.

Yes I do think your missing a lot of the picture here. But hey learn and put yourself in the shoes of a car seller and if you think we are making huge profit i laugh at u.

[againat5]

Trust me if you've seen 90% of these clunkers there is a huge reason why they are being scraped. Since I'm in the car business ive seen a hand full of cars that I would self buy for 4500. But aside from that wow you'll see about 90% of these cars to be just a waste of space.

Also if your thinking people are getting into loans that they can't pay I guess you haven't really seen how the program works. Or even know how people qualify.

[lonaticc]

My Cadillac is a perfectly good Cadillac that I'd be lucky to get even $1500 for. The Gov. is willing 2 give me $3500 for it. It'd be a perfectly good car for somebody who needs 1. BUT, now I DON'T qualify because of a INS clause that it has to be insured for a soilid year. Well, I have 2 clunkers, one with AC & one without AC. I use one in the winter & other in the summer. Change INS coverage throughout the year. Now I have 2 still drive around & pollute I guess. Thanx alot Obama! Really smart.

[ad356]

NO. IT NEEDS TO STOP NOW!!!! I HATE IT. its destroying good running cars and putting people into debt

[gavincurtis]

They are talking about making the C4C a four year program!!!! :(

[TranCendenZ]

votenomoore: Great video. I'm glad that there are people speaking out against Cash for Clunkers. Unfortunately, they just approved an additional $2 billion for the program. Let's hope that people educate themselves and convince politicians that Cash for Clunkers has long-term consequences.

You're right. It's similar to the housing crisis. Many of the people who are buying the new cars really shouldn't be.

[mistersandman2u]

go online and search gopetition there is an online petition signed by many already to remove obuma from power...