Cash for Clunkers II

[Larry Gude (Premo)]

Next week, we should have a 'cash for clunkers' housing program!

If you buy a new, energy efficient home (preferably from one of the government controlled banks) you'll get a credit of, oh, call it $50,000 or so just so long as your old, inefficient home is rendered useless so it can pollute no more!

Sound good?

This will use up excess inventory, put people back to work and get things moving again! And, the best part, it's NOT socialism!

[vraiblonde]

Then it can go broke just like the original Cash for Clunkers program. Yahoo!

[-SS-]

Damn, I thought it would be in reference to this:

The People's Cube :: View topic - Cash for Clunkers: Obamacare Edition

[Larry Gude (Premo)]

Originally Posted by -SS-

Damn, I thought it would be in reference to this:

The People's Cube :: View topic - Cash for Clunkers: Obamacare Edition

We can spend some free money on that as well. Just no socialism.

[Mike]

Originally Posted by vraiblonde

Then it can go broke just like the original Cash for Clunkers program. Yahoo!

As long as the printing presses work, we will never be broke.

I'm sure you've heard of people who think they have money as long as they have checks.

If zerO and his thugs were any more full of sheet, it would be squirting out of their ears.

[kwillia]

Guess What 'Cash for Clunkers' Is Costing You

First, DOT created and staffed an entirely new organization with three divisions to administer the clunkers program.

Second, the funding was allocated to cover extensive Help Desk telephonic support, promotional materials, mailers, travel, Web site development and maintenance. Plus, extensive administrative and managerial staffing was also funded. There is staffing to manage the contracts, to review the auto dealer submissions, to develop Executive Branch and Congressional reporting, and to provide investigatory oversight for the program.

Federal government staffing for 3 divisions doesn't come cheaply. Add to it other administrative and overhead costs for office space, telecommunications, power, equipment and furniture, as well as costs for meetings, photocopying, paper, pens, help desk support. When the government's costs of running the program are totaled up, each clunker is likely to cost taxpayers around $6,000 per car.

And there's more: A quick look just at staffing reveals staggering costs. The National Highway Traffic Safety Administration (NHTSA) was given approval to staff up for the completion of a series of four Forms connected with the program (Forms 1070, 1071, 1073 and 1075). Estimated staffing for these 4 reports was 160,353 man hours, or approximately 78 employees.

These 78 employees might be contracted out with a private sector vendor (which thepPresident has made clear is not a choice he prefers). Or, they may be pulled from existing projects, which increases the execution risks for those assignments (perhaps critical infrastructure?). Or, the government might hire new employees. At a fully loaded cost, including all compensation and benefits, that works out to approximately $150,000 per employee.




Guess What 'Cash for Clunkers' Is Costing You - FOXNews.com

[chernmax]

Can't wait for the people to start defaulting on their new car notes and start yelling Predatory Lending!!!

[Larry Gude (Premo)]

Originally Posted by chernmax

Can't wait for the people to start defaulting on their new car notes and start yelling Predatory Lending!!!

That is sick and funny at the same time.

[MMDad]

Why not? Get those lower priced homes off the market. Poor people don't need a place to live, right?

Just like poor people won't be hurt the most by Clunkers. After all, they don't need a supply of low priced cars.

My first car was a '64 Galaxy 500. If "The Won" was Dictator - er, I mean President - back then, I wouldn't have been able to buy a car until I was 25.