The government mandates that cars traded in under the "Cash for Clunkers"
program be permanently disabled and specifies that the method used is to
replace the oil with Sodium Silicate then run the engine until it freezes.
This has caught the suppliers of the substance by surprise. One company that
sold maybe 150 gallons of the stuff a year has already sold 15,000 gallons!
From the Wall Street Journal:
I'm guessing that the first few times a mechanic gets to do this to a
car could be fun.
After years of getting filthy and frustrated making old clunkers run,
it must feel good to exact a little revenge and rev them up until they
seize solid and die, while he sits there evilly rubbing his hands
together and laughing maniacally.
I'm not exactly what you would call a die hard "green" kind of a person, but
having learned the ways of thrift and economy from grandparents who survived
the great depression of 1929, I can't help but see this as a total waste of
otherwise useful resources.
there own tax money that's being spent. We will all pay for it later.
How many of the buyers actually can afford the new cars they are buying?
Remember all the homes that they bought and couldn't keep. Will they
be working next week or next month. I doubt it. Party on!!!
No strawman involved. They ran through the first billion and Obama said
they "found" more money to keep the program going.
And just to give you a chance to enlighten us apparently confused folks
where exactly does he actually get the money to pay for these programs?
If you were watching CSpan yesterday afternoon you would have heard
where the money is coming from. They are taking it from the renewable
energy rebate program. That money will have to be replaced from
somewhere but the source of that money is still undetermined.
The fact remains that any new spending will simply be piled on top of
the $2 trillion deficit and our grand kids will be paying for that for
the rest of the century. (assuming there still is a US government to
pay back those loans). The unanswered question is how we run the
government when China (UK, Germany, Saudi et al) stops renewing their
bonds with us. We might be taking $100 dollar bills to the grocery
store in wheelbarrows.
Around 5:30 on Wednesday at a local pizza shop that happened to have a
TV on. It was the typical liberal "I am such a uber smart person and
found money to do this" comment. No clue where he happened to be
speaking. The "found" referred to some shell game move it from someplace
Please answer my question about where he actually gets the money to pay
for these programs?
Irrelevent. The claim was that he said "I found this money someplace"
As far as the source, it is the same as everything else congress does:
they pay by taxing and borrowing. Is this something that has to be explained to
Who cares what he said or did not say. Fact is, this is a redistribution of
wealth plan. Short lived (hopefully) program to take our money and help buy
new cars for others. Not much different than a Ponzi scheme where we all
pay in and a handful of us grab the money and run.
I have always thought that calling anything the government did a
Ponzi scheme was an insult to Ponzi. At least he got his "investors" to
kick in voluntarily. Try to avoid paying taxes and see how voluntary
Searching is half the fun: life is much more manageable when thought
of as a scavenger hunt as opposed to a surprise party.
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