Tell Bennet, Udall, NO on Clunkers!

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August 5, 2009 - 12:37pm - by businessword.com

( - promoted by Rocky Mountain Right - )

My e-mail to the senators:

Please vote against using my money to help someone trade a clunker for a new vehicle. The clunker bill is using Colorado taxpayers' money to pay off the UAW and to support Government Motors and other auto makers and dealer. This is wrong for America and for Colorado. Subsidizing the auto, home appliances, housing and other industries is not the way to stimulate the economy. Cut taxes. Thank you. Donald E. L. Johnson

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Comments

August 5, 2009 - 1:37pm - by Guy from Plymouth

Where are the credit markets?

I agree with Don on this one. What kind of effect will this interference have on the car marketplace? Has the government artifically devalued cars made in 2008/09? My fear is that the recovering credit sector may have another hurdle if people default now on car loans they couldn't afford. Now, these folks' paid-off "clunkers" are gone and they have a shiny new car and a matching new car payment. They lose their job, fail to make their car payments, lose their car and are now left with nothing except a market full of $3,500 "clunkers" that were once worth $500!

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