Clunkers’ Cash Buying Large, Not-So-Green Vehicles

This was never about getting “clunkers” off the road. It was about spending government money to act as an incentive to get people to go out and buy a new car, and get themselves further into debt, to make it look like people are out spending again, so we’ll think the economy is recovering. When the money runs out (again) the little up-tick it provided will go back down and so will any belief in the “recovery.” Unfortunately, the suckers that bought into this latest scheme will be stuck with their purchases and the bill that comes with it.

From CNSNews:

Washington (AP) – Transportation Secretary Ray LaHood, the nation’s top car salesman in recent weeks, has cited the Obama administration’s best-seller list of mostly smaller, fuel-saving cars like the Ford Focus to describe the success of the Cash for Clunkers rebate program.
 
But what LaHood and other administration officials usually don’t mention is that some trucks and sport-utility vehicles that get less than 20 miles per gallon, like the Ford F-150 truck and one version of the Cadillac SRX Crossover, also are being purchased with the new government subsidies. Both are bulky vehicles weighing more than 6,000 pounds when loaded that boast at least 248 horsepower.

Read the rest:

http://www.cnsnews.com/news/article/52454

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