Saturday, August 22, 2009

COTD: Clunkers Of Redistribution

clipped from hotair.com

That really highlights the idiocy of the plan. The dealers SOLD the cars on the assumption they’d get back $4,500. But they don’t find out if they can get back that money until after the customer owns the car!! So the dealer loses money on every rejected clunker after the fact.

Daggett on August 21, 2009 at 11:37 AM


I’m not a conspiracy theorist, but, just suppose that’s part of the plan from the get go.
How does that not fit in with the Precedent’s view on redistribution of wealth?

VelvetElvis on August 21, 2009 at 12:53 PM