Cash for Clunkers Program;
It’s not a bad idea trying to stimulate the auto industry by offering rebates to dealers for older gas guzzling cars. In turn the dealership moves cars which stimulate the factories to produce more cars. This will help AMERICAN Auto workers to their keep jobs. But, this incentive package is for all car manufacturers foreign and domestic. So, we are sending US tax dollars to Japan, Korean and China.
Out of the 1st billion dollars; 70% percent of the money for the Cash for Clunkers problem will go to foreign car companies. Could someone help me understand why the Cash for Clunkers Program wasn’t limited to American Auto Companies? This is our money why would we stimulate the growth for foreign Auto Makers? Isn’t it the foreign auto makers that have been slowly crushing American Auto Makers for the last twenty years?
Think About it.
