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Posted: 10:03 AM Jun 9, 2009
Congress to Vote on Cash for Clunkers
Proposal would give $4,500 rebate for gas guzzling cars and trucks. Reporter: Associated Press |
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$4,500 for a car that works well. If I was buying new car, I would go to the junk yard, buy a special and then sell it again.
Does the U.S. Congress really believe that a $4.5K incentive to buy a new vehicle will work when so many people are either without jobs, or worried about whether they will have a job next week? Maybe I am different than most people, I try not to take on long-term financial commitments without some reassurance that I will be able to pay off the commitment.
Tax Payers should get free cars.