Comments on: President Obama to sign ‘cash for clunkers’ into law today http://www.leftlanenews.com/president-obama-to-sign-cash-for-clunkers-into-law-today.html Car news, reviews, and specs for the auto-industry Sun, 21 Mar 2010 18:03:50 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: karenc http://www.leftlanenews.com/president-obama-to-sign-cash-for-clunkers-into-law-today.html/comment-page-1#comment-465817 karenc Thu, 25 Jun 2009 15:24:52 +0000 http://www.leftlanenews.com/?p=19124#comment-465817 Cash for clunkers will hurt car donations to charities because the amount of the voucher is so much greater than the tax deduction. A simple way to boost car sales would have been to just go back to allowing people to take the blue book value of their car as the tax deduction for donating it to charity. Most cars that are donated to charity are recycled. Those that aren't have to pass inspection before the car can be sold or given to the public. The result is less polluting vehicles on the road. Karen Campese, CEO Cars4Charities http://www.cars4charities.org Cash for clunkers will hurt car donations to charities because the amount of the voucher is so much greater than the tax deduction. A simple way to boost car sales would have been to just go back to allowing people to take the blue book value of their car as the tax deduction for donating it to charity. Most cars that are donated to charity are recycled. Those that aren’t have to pass inspection before the car can be sold or given to the public. The result is less polluting vehicles on the road.
Karen Campese, CEO
Cars4Charities
http://www.cars4charities.org

]]> By: injunraiv http://www.leftlanenews.com/president-obama-to-sign-cash-for-clunkers-into-law-today.html/comment-page-1#comment-465801 injunraiv Thu, 25 Jun 2009 14:58:10 +0000 http://www.leftlanenews.com/?p=19124#comment-465801 This law is worthless - the vehicles have no inherent trade in value because they have to be scrapped. How many people do you know who drive worthless vehicles will want to buy a new vehicle? I'm thinking this will generate maybe 5 sales nationwide... This law is worthless – the vehicles have no inherent trade in value because they have to be scrapped. How many people do you know who drive worthless vehicles will want to buy a new vehicle? I’m thinking this will generate maybe 5 sales nationwide…

]]> By: MercMark http://www.leftlanenews.com/president-obama-to-sign-cash-for-clunkers-into-law-today.html/comment-page-1#comment-465742 MercMark Thu, 25 Jun 2009 12:05:57 +0000 http://www.leftlanenews.com/?p=19124#comment-465742 Actually LLN typo was meant to say "2 to 5 new car sales" Actually LLN typo was meant to say “2 to 5 new car sales”

]]> By: Flippo789 http://www.leftlanenews.com/president-obama-to-sign-cash-for-clunkers-into-law-today.html/comment-page-1#comment-465695 Flippo789 Thu, 25 Jun 2009 00:17:49 +0000 http://www.leftlanenews.com/?p=19124#comment-465695 Why is it going to expire on November 1? They are just giving this program 3 months to work? That seems a little short to me.....especially when the economy is still down and $4,500 off doesn't make $20,000 seem much better when you are just struggling to get by. Why is it going to expire on November 1? They are just giving this program 3 months to work? That seems a little short to me…..especially when the economy is still down and $4,500 off doesn’t make $20,000 seem much better when you are just struggling to get by.

]]> By: mayer_ray_nagin http://www.leftlanenews.com/president-obama-to-sign-cash-for-clunkers-into-law-today.html/comment-page-1#comment-465670 mayer_ray_nagin Wed, 24 Jun 2009 21:53:24 +0000 http://www.leftlanenews.com/?p=19124#comment-465670 Actually it is not expected to generate 250k new sales. The market estimates 70k to 100k. The other 150k would have been sold anyway but the people will get $4k each from <i>Uncle Sugar and his Magic Money Tree</i>. I swear the government is retarded. Freakin retarded. Actually it is not expected to generate 250k new sales. The market estimates 70k to 100k. The other 150k would have been sold anyway but the people will get $4k each from Uncle Sugar and his Magic Money Tree.

I swear the government is retarded. Freakin retarded.

]]> By: JakeK66 http://www.leftlanenews.com/president-obama-to-sign-cash-for-clunkers-into-law-today.html/comment-page-1#comment-465635 JakeK66 Wed, 24 Jun 2009 20:48:42 +0000 http://www.leftlanenews.com/?p=19124#comment-465635 Sorry, LLN had a typo, they meant to say that they expect to generate "$250,000" in new car sales. Sorry, LLN had a typo, they meant to say that they expect to generate “$250,000″ in new car sales.

]]> By: mayer_ray_nagin http://www.leftlanenews.com/president-obama-to-sign-cash-for-clunkers-into-law-today.html/comment-page-1#comment-465631 mayer_ray_nagin Wed, 24 Jun 2009 20:44:32 +0000 http://www.leftlanenews.com/?p=19124#comment-465631 this bill is worthless, but thank god for the magic money tree! this bill is worthless, but thank god for the magic money tree!

]]> By: bigs4610 http://www.leftlanenews.com/president-obama-to-sign-cash-for-clunkers-into-law-today.html/comment-page-1#comment-465630 bigs4610 Wed, 24 Jun 2009 20:44:29 +0000 http://www.leftlanenews.com/?p=19124#comment-465630 "The program, which is set to expire on November 1, is expected to generate 250,000 new car sales" more like 250,000 hopes and dreams. and 0 new car sales “The program, which is set to expire on November 1, is expected to generate 250,000 new car sales”

more like 250,000 hopes and dreams. and 0 new car sales

]]> By: gta89mike http://www.leftlanenews.com/president-obama-to-sign-cash-for-clunkers-into-law-today.html/comment-page-1#comment-465627 gta89mike Wed, 24 Jun 2009 20:41:15 +0000 http://www.leftlanenews.com/?p=19124#comment-465627 A "similar" program in Europe. Not the worthless law the US program ended up being. A “similar” program in Europe. Not the worthless law the US program ended up being.

]]>