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I 've got to throw in my two cents:
You make it sound as if the ONLY thing being done by the govt is purchasing the old cars.
How much money was allocated to the 1st time home-buyers program? I assume it has to be in the billions of $$ range.
There was several tens of millions of dollars that was recently allocated to assist foodbanks and shelters cope with the down turn. ( if I remember correctly it was something within the range of 150 - 250 million dollars in addition to the 140 million that is regularly provided).
Is there more that could be done? Absolutely, there is always more to be done.
So is buying clunkers the best thing that could be done with 3Billion $$?? If it was the ONLY thing being done, then I would say no.
But if you look at all the programs being undertaken, I'd say "why not?"
If it helps the carsalesman stay in in house, send his/her kids to college, be able to afford health coverage, then yes.
At the end of the day, isn't that what its all about?
---- VERA R CROWELL <[log in to unmask]> wrote:
=============
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I'm referring to the additional $2 billion that the House approved to continue the Cash for Clunkers program. I hope the Senate has a little more sense. People are excited about the car dealers making more profit but don't approve of Halliburton making any profit. The original $1 billion provided incentive for people to purchase 200,000 cars. Presumably an additional $2 billion will increase sales by 400,000 cars.
Are cars now more important than food, shelter, and health care? We could have helped more people with that $2 billion is all I am saying. The original Cash for Clunkers program ended. Let it end and leave it alone.
People with mental illnesses and disabilities need assistance with housing. $2 billion will pay for 233,100 years of housing at $715/month. 16% of the homeless population is approx. 344,000 people. That money could provide housing assistance for more people with these issues.
I think that's more important than helping someone buy a new car. But that's just me.
From nationalhomelessness.org: "2. Mental Illness - Some homeless people have mental illnesses or disabilities, and as a result struggle with finding housing. According to a study by the US Conference of Mayors in 2005, approximately 16% of the homeless population suffers from a mental illness. A report put out by the National Coalition for the Homeless says that in 2006 the amount of money it cost to rent a one-bedroom apartment was $715 a month, which is 113.1% of a person on Supplemental Security Income. In 1999, in over 125 housing markets throughout the country, the cost of a one bedroom apartment was more than a person’s total monthly SSI income. In 2006, the national average rent for a studio apartment became higher than the income of a person who relies solely on SSI income. Only 9% of people not in mental hospitals or facilities receiving SSI have housing assistance.
******************************
"In the days before volcanoes were invented, lava had to be hand carried down from the mountains and poured on the sleeping villagers.
This took a great deal of time."
----- Original Message -----
From: John Stafford Anderson <[log in to unmask]>
Date: Friday, July 31, 2009 3:06 pm
Subject: Re: Cash for Clunkers
To: [log in to unmask]
> ********************************************************
>
> VISIT AFRICAN ASSOCIATION OF MADISON WEBSITE
>
> http://www.africanassociation.org
>
> FOR LATEST INFORMATION ON AFRICA FEST 2009,
>
> MEMBERSHIP, COMMUNITY CALENDAR AND MUCH MORE....
>
> ********************************************************
>
> You so readily mix apples with oranges, and make such unbalanced
> comparisons that I think you do them just to fan flames. We don't
> even know what Haliburton bills the government! The contact cannot be
> audited. Cheney's options went up over 8000%. What are you talking
> about profit, and how do you compare Haliburton to the Chrysler shop
> down the street?
>
> John
>
>
> On Jul 31, 2009, at 2:50 PM, VERA R CROWELL wrote:
>
> >********************************************************
> >
> > VISIT AFRICAN ASSOCIATION OF MADISON WEBSITE
> >
> > http://www.africanassociation.org
> >
> > FOR LATEST INFORMATION ON AFRICA FEST 2009,
> >
> > MEMBERSHIP, COMMUNITY CALENDAR AND MUCH MORE....
> >
> >********************************************************
> >
> >John,
> >
> >I understand economics very well. From the article: "One of the
> Clunker program's main champions in Congress, Sen. Debbie Stabenow,
> D-Mich., said the incentive has provided an important boost to the
> economy and resulted in 200,000 car sales.
> >
> >"I am delighted to hear dealers say that all of their salespeople are
> busy and they are selling more cars in a day than they had been
> selling in a month," Stabenow said.
> >
> >Cash for Clunkers, which Congress passed in June, was set to end on
> Nov. 1 or whenever its $1 billion budget was depleted."
> >
> >
> >The original program resulted in 200,000 car sales. The program was
> set to end on Nov. 1 or when the $1 billion was gone. The billion is
> gone, the program is done. It doesn't need an additional $2 billion.
> Those who missed it, missed it. Too bad.
> >
> >The country has better, more critical things to do with its money
> than to help people buy new SUVs (which is what they're doing, or
> didn't you realize that?).
> >
> >Question for you...car dealer profit is good, MNE profit is bad...is
> that correct?
> >
> >******************************
> >"In the days before volcanoes were invented, lava had to be hand
> carried down from the mountains and poured on the sleeping villagers.
> >This took a great deal of time."
> >
> >----- Original Message -----
> >From: Jonathan Gramling <[log in to unmask]>
> >Date: Friday, July 31, 2009 2:22 pm
> >Subject: Re: Cash for Clunkers
> >To: [log in to unmask]
> >
> >
> >>********************************************************
> >>
> >> VISIT AFRICAN ASSOCIATION OF MADISON WEBSITE
> >>
> >> http://www.africanassociation.org
> >>
> >> FOR LATEST INFORMATION ON AFRICA FEST 2009,
> >>
> >> MEMBERSHIP, COMMUNITY CALENDAR AND MUCH MORE....
> >>
> >>********************************************************
> >>
> >>If you understood economics and had been paying attention to what is
> going
> >>on with the auto industry and consumer spending, you wouldn't even ask
> >>the
> >>question.
> >>
> >>-----Original Message-----
> >>From: African Association of Madison [mailto:[log in to unmask]]
> On
> >>Behalf Of VERA R CROWELL
> >>Sent: Friday, July 31, 2009 2:12 PM
> >>To: [log in to unmask]
> >>Subject: Cash for Clunkers
> >>
> >>********************************************************
> >>
> >> VISIT AFRICAN ASSOCIATION OF MADISON WEBSITE
> >>
> >> http://www.africanassociation.org
> >>
> >> FOR LATEST INFORMATION ON AFRICA FEST 2009,
> >>
> >> MEMBERSHIP, COMMUNITY CALENDAR AND MUCH MORE....
> >>
> >>********************************************************
> >>
> >>Okay. There are people losing their homes, health insurance, and jobs.
> >>The
> >>best thing the President could find to do with $2 billion dollars is
> >>to buy
> >>old cars????
> >>
> >>
> >>**************************
> >>House OKs $2 billion more for Clunker program
> >>House passes bill to add $2 billion for Cash for Clunkers program.
> >>
> >>http://money.cnn.com/2009/07/31/autos/cash_for_clunkers_update/index.htm
> >>
> >>
> >>NEW YORK (CNNMoney.com) -- The House on Friday passed a bill to allocate
> >>another $2 billion to the Cash for Clunkers program.
> >>
> >>The move came after reports on Thursday had raised concerns that the
> program
> >>was out of money.
> >>
> >>The bill which diverts $2 billion from a U.S. Department of Energy program
> >>loan guarantee program, passed 316-109. The bill will face tough opposition
> >>in the Senate, which is expected to take up the issue next week.
> >>
> >>******************************
> >>"In the days before volcanoes were invented, lava had to be hand carried
> >>down from the mountains and poured on the sleeping villagers.
> >>This took a great deal of time."
> >>
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