There are plenty of good uses for the old cars (and I think RH was trying to point that out) but the bill calls for them to be destroyed.

(I honestly don't remember if i posted in here or not, so here goes)

Cash for clunkers was a mess. It destroyed both new car sales and used car sales for consumers (from my perspective). I also agree with the fact that destroying the cars is just... wrong, on so many levels. To my UNDERSTANDING, GM, Chrysler, etc, RAMPED UP production to meet the demands of the cash for clunkers. I don't see how they could have possibly expected to run the cars through production, get them on lots, and sell them, before "the money" ran out. Dealers were just finally starting to deplete their inventory. It seems like they will now be filling back up with the influx of these cars that were produced to meet a demand which has already passed?

I also think this was much like the mortgage situation years ago. Bait-and-switch.

"What? You only have a $200K house? You could have a $500K house with the same payment!"
....
"What? Your car is worth LESS than $10K? You could be driving something MUCH nicer!"
So they cleverly lure the american masses into dealerships to trade in their 'clunkers'. I don't know about you guys, but car sales people have a goal - to get you out the door with the most expensive car they can at the highest interest rate possible.

The only thing I can see coming from this is something similar to the mortgage crisis except in a much shorter period - people who went into the dealership expecting to get their ~$4K and intending on buying a "$15K car", walking out with a $15K car with $7K in options; which in 3 months they will realize they can actually not afford.

I had actually written a pretty large blurb in this topic when i was shopping for cars (.. LS) but opted to not post it.

At any rate, I wish the clunkers thing would just silently fade away, but alas, I don't think it will.

I know it's over, but there's still a lot of it being discussed (dealers allegedly not getting payouts, etc). When I say "silently go away" - I mean from the media, etc.

i was going to say BS.. thats photoshopped.. but i think its supposed to be, haha.