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Those who understand economics are not those who exist in CONgress.

Left = feel-good, short-term, redistributive.
Right = pragmatic, reasoned, logical, long-term.

the only ones who thought c4c was a "good idea" are the "immediate satisfaction" crowd, hopefully the public will see it for the object-lesson in disastrous policy-making that it is, economic dislocation in "miniature".

meant "instant gratification" crowd, brain miss-fired there for a sec but not in any real sense, only in the "phraseology".

Yet friends, watch the leftists strike their chests with their fists as they declare it to be an incredible success. Leftists think with their feelings alone, they don't want to know about economics, they don't want to hear the water that goes down the drain isn't forever lost.

A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline. A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year. So, the average clunker transaction will reduce US gasoline consumption by 320 gallons per year. They claim 700,000 vehicles – so that's 224 million gallons/year. That equates to a bit over 5 million barrels of oil. 5 million barrels of oil is about 1/4 of one day's US consumption. And, 5 million barrels of oil costs about $350 million dollars at $75/barrel. So, we all contributed to spending $3 billion to save $350 million. How good a deal was that ??? They'll probably do a great job with health care though!!

Good point Plagiarize Bug. Yea, Math!

Plagiarize-Bug, you make an excellent point.

But it fails to take into account the emotional "save the planet" aspect, through which no logic can penetrate.

Plagiarize-Bug and Gregory of Yardale yall forgot 1 important equation, liberal math. That $350 million this year will increase to $350 thousand trillion next year and the polar bear population will increase by 10 to the 12th power in 6 months.

Plagiarize-Bug, what you must understand is that under my plan, these are the last cars that Americans will be able to afford to buy. So like the people on the glorious Island of Cuba, you will all be driving 40-50 year old cars. Therefore you can figure that my C$C program has already saved $17.5B. 350Mx50 These are the things you'll learn in Re-education.

I think the point that is being missed is that a program that was supposed to run for four months went broke in one week and had to be bailed out several times. How well would healthcare do? How will they gage the success? Healthcare only needed five bailouts to get through the year...it was a success!

This was the obvious outcome since the day this stupid idea was announced. They confiscated OUR hard-earned money, gave it to other people to get news cars, which they did, and now those people are out of the market for a new car for 4-6 years and we are out another ten bucks each in societal net worth. Not to mention all the perfectly good used cars that were destroyed, denying needy people of useful transportation and jacking up prices across the used car market. A total disaster all around, in every way. A great microcosm of what is coming soon in health insurance "reform".

There are far too many old clunkers in WASHINGTON D.C. and althou one has been sent to the scrapyard there still many there

And, how many of those people that bought NEW cars with their old clunkers could actually afford them? Another Dodd/Franks type of finanical deal.

ONLY a liberal could find this program to be a success. Just like their messiah was such a good deal. Stupid is as stupid does. They can't break the run of ignorance they're having.

I wone get me a new car till day be FREE.

Obama promise day be free! When d'i get my new car? I wanna a kadilak un i wone it NOW or i gonna burn down the chuches chikin on de cona!

Gawdam half-honky been lyin' to his brethrin!

Obama is an Epic Fail. Hopefully he wont drag the country down when he falls off the cliff.

Of course C4C was popular! The government bought cars worth (on average) $1500 for $3500-$4500 - that is, the government paid two to three times the market price! And on top of that, they then mandated that the "clunkers", some of which were still in decent shape, be destroyed, thus pissing away the $1500 of value they paid for. Now that's government efficiency!

Then you get those libs they put on Fox to make it fair and balanced. They sit there beaming, saying "OF COURSE it was a smashing success!!!!!!!" With no hard data, and no mind for consequences. And, BTW, have the dealers gotten their money yet?

Who comes to mind is that ugly libtard they put on, Aubrey something, who looks like such a butch lez and her hair is a fright. You know who I'm talking about.

Even worse the majority of the cars sold were foreign. The domestic car companies will suffer even more because they did not have as large a bump in sales to cover the huge drops in sales going on now. More brilliant planning by fools that have no concept of free market principles.

It gets better.
The $3B went to Japan and Europe to help THEIR economy.
They, on the other hand, sent the US nothing.