And it's more stimulus to get the economy going through new-car purchases, targeted, btw, at fuel-efficient cars only. Also, the most benefit goes mostly to lower middle-class people (not too many millionaires driving clunkers). Of course, you had to be one of the "lucky" middle-class ones actually owning a clunker. Life's not fair; oh well. I'm not saying it's the best idea since the WPA but it's not the worst thing they could have done.
________________________________ From: [email protected] [mailto:[email protected]] On Behalf Of Mark Cookson Sent: Monday, August 10, 2009 10:11 AM To: CB Cc: Miatapower Miata Power Subject: Re: NMC NPC: How to ruin a perfectly good engine Actually, the seller gets the value of the scrap metal for the car, minus $50 for handling costs. I'm not sure what happens with the engine as it's removed before the car is scrapped. In theory, the return is to the environment, so that while your children will be paying for this, at least they'll have a fraction less CO2 in the air making things hot. There are plenty of things that the government spends our money on that we get little to no return on at an individual level (like, for instance, my house has never burnt down, so why should I pay for the fire department?), but it's been deemed useful at a societal level. Mark On Mon, Aug 10, 2009 at 9:51 AM, CB <[email protected]> wrote: So the government is paying good money for older cars, and destroying all value in them. The government is not even getting scrap metal value for the destroyed engines and cars. Now paying 3 billion to destroy serviceable engines cars and parts, with a substantial value. So they are taking 3 billion and scarping it, return zero. Perfect. The only question I have, is what is the interest rate on the 3 BILLION!!!??? we ain't got. Perfect. What a great plan. Vote wisely. Charles Brown
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