Government will pay you $4500 towards buying a new car
rading in your gas-guzzler for a more fuel efficient vehicle could get you $4,500 from the government.
On Tuesday, the House of Representatives passed the bill, which lawmakers hope will help the struggling auto industry.
This plan is known as the “Cash for Clunkers” Program. Under it, drivers that upgrade for more fuel efficient cars, trucks, SUVs or vans would get a chunk of money back from the government.
“I think its a great idea. Its finally nice to see the money coming to the people,” Robert Stuthman says.
Here’s how the House bill works:
Car owners could get a voucher worth $3,500 if they trade in a vehicle that gets 18 miles per gallon or less, for one that gets at least 22 miles per gallon.
If the new car’s 10 miles per gallon more efficient than the old, the buyer would get $4,500.
SUV, truck, and van owners could get $3,500 for trading in their vehicle that gets 18 miles per gallon or less, for one that gets just two more miles per gallon.
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Horrible idea.
Sure, the money “comes back to the people” but where do you think the money is coming from?
The people.
So, all of us that can not afford to buy a new car are not having to pay for the new cars of all those people who can.
Thanks again Obama for throwing this country further in to a recession .
This man has single handedly done more damage to this country in less then 8 months than Bush did in 8 years.
I was an Obama supporter and voted Obama. I was duped.