Cash for Clunker’s has BIG flaws

US Government CARS Program
This is a great attempt and we wanted to write about it on Monday but we had much more important opinions to express about the Tech Bubble.

The Tech Bubble that is about to burst, ok actually that will occur in 8 months or less of our Tech Bubble Burst Prediction is correct.

Have we got a deal for you friends
Cash Allowance Rebate System (CARS)
Here is the US Government Official Web Site for the CARS program we call Suckers Part with their Future Cash where the government has a fuel gauge that shows the amount of money remaining to be paid by the US Government, a call to urgency hurry in before you think this major purchase or lease through and turn in your clunker meet the rules and buy a program qualified new car that is apart of the participating auto dealerships models list only.

We should be thankful the US Government did not restrict the color options to the US Green (Government Green) only?

What is the damn flaw Logic?
The consumer most likely to take advantage of the CARS program, is the single largest flaw. These targeted persons really cannot and should not be taking on new debt.

So few consumers have moved forward, since the release of this program, that began over the last weekend of July shows us how many have not taken advantage nationwide in our observation and opinion and there are several reasons for the sure failure of this artificial stimulation of the auto industry salvage program.

We wanted to observe the deal after its release, then come and share our thoughts in a breakdown type format. 

Most people that can afford a car have an efficient car already.
Most qualified car buyers are leasing their cars, current leases must end first and qualify.
(A car buyer can buy or lease under this program)
These times of high unemployment are not great times to buy cars and take on more debt.
The limitation of the types of cars a buyer can buy, like high mileage fuel economy models only, is a drag on a new car buyer that can afford performance and size, options are profits to auto manufacturers.
Restrictions like trade in only less than 25 years old must have less then 18 MPG currently.
The new car must be a qualified model from a CARS program dealer.

A push to con some consumers out of money they are sure to need in the coming 2 years
The situation is one more sign of the “proof in the pudding” that the only people the government and car dealers are going to influence into the car dealerships are the ones that, more the likely, do not or should not be buying a new car in the first place.

Smart people educated or not know these are far from the times to be buying a new car, saving a few dollars a month on gasoline is not a great reason to take on new debt.

Change that will not take place
What our US Government needs to encourage
Regardless of the cost to the nation today, the long-term results will prove to be a great forward looking strength in our world dominance, which is slowly eroding as time passes.

A responsible government would encourage personal and corporate debt reduction and push for savings and make savings accounts 100% tax free.

US Government looking like European Government
If the US Government continues following this path a model of socialism soon, we will actually be rewarded with the user abuser taxation system of Europe, while rewarding the savers with tax advantages and tax free savings encouragement programs, expect these in the coming years, if we as a nation stay this course.

These programs are in our opinion the only bright side to these foreign programs.

In Logic’s lifetime only once have we seen so much abuse of power from an administration like the current one, an administration that we are ashamed of from Mr. Obama down was with Bill Clinton getting oral pleasure by Monica a sad time for family values and leading our youth through example, still nothing in comparison has Logic been so embarrassed to be an American.

Logic loves America, with all I have within my yellow pyramid shaped body.

Mr. Obama has some sad issues; from a police officer to a radio talk show host he is showing the clear signs of being in a job well over his head that is now effecting his only strength, his speaking strength.

We hope for the best and we wish him well but in little more then 3 years may we never have need to look back on this sad time in Presidential history.

America and the government need a fix and the correct fix are to create explore real innovation not subsidization?