I'll be honest with y'all, I really thought that this program had great potential for the first few days. Then I started thinking, "How are the car dealers going to make a profit out of this?" I also started asking, "Where is this $4,500 coming from anyway?" Well, as it turns out, this program was a bunch of bull (and that's just being gentle). Even before the announcement they made yesterday regarding the program--which I will address in a bit--my folks noticed that the car dealers who where involved were ripping people off. Seriously, did anyone else notice the sudden increase on the price of cars? And another thing, did anyone else notice how only "certain types" of automobiles were being taken in as clunkers? (Oh, does anyone know what the hec was their definition of "clunker" is anyway?!)
Well ladies and gentlemen, they've finally dropped the other shoe. Our government as announced that all those that participated in the Cash for Clunkers program are going to have that purchase of theirs added to their income tax. Don't ask me about the details on how it works, all I know is that means that anyone that's already having problems keeping up with their payments is basically screwed. I find it rather irratating that our government didn't bother to tell anyone this detail until now, but somehow I'm just not that surprised by this development.
The sarcastic moral of this event: If it's too good to be true, odds are it is.
What's y'all's take on this program?
