What part of the Constitution gives Congress the right to spend our money this way?
And once again as in the ethanol debacle the Government is picking one business over another and propping up a loser. This is a big business bill, small business men who own small used car lots will be hurt by this and will go under.
It also props up the wealthier who can afford to buy a new car and will hurt the poor who have to buy used. Because now the supply of used cars will go down and prices will go up as these used cars are destroyed.
Just another example of the Government meddling and making things worse!
And once again as in the ethanol debacle the Government is picking one business over another and propping up a loser. This is a big business bill, small business men who own small used car lots will be hurt by this and will go under.
It also props up the wealthier who can afford to buy a new car and will hurt the poor who have to buy used. Because now the supply of used cars will go down and prices will go up as these used cars are destroyed.
Just another example of the Government meddling and making things worse!
Congress Passes Cash For Clunkers Bill, Offers $4,500 Stimulus Vouchers to Car Owners
NEW YORK, June 19 -- Congress passed the Automotive Stimulus bill "Cash For Clunkers" on Thursday, marking the first real legislative stride towards an auto industry recovery, announced CashForClunkersHeadquarters.com, an organization that is leading the campaign to educate the public about the bill. Cash For Clunkers provides up to $4,500 to car owners who trade in their present car for a more fuel efficient and environmentally-friendly alternative. The bill is being called a legislative "trifecta" because its passage stands to ignite a much-needed recovery in the auto industry, save car-owning households money, and improve the environment on a national scale....................................
http://www.theautochannel.com/news/2009/06/19/466507.html