Cash For Clunkers Passes In The Senate
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She voted no... again
Probably one of the most successful and popular parts of the stimulus spending, Cash For Clunkers, did so well that the House extended it last week. Although several of the more reactionary Democrats in the Senate crossed the aisle and voted with the GOP against it-- especially twittering idiot Claire McCaskill (MO) and Ben Nelson (NE) who has voted significantly more with the Republicans on substantive issues than with the Democrats since Obama has become president-- the Democrats picked up half a dozen Republicans-- Collins (ME), Snowe (ME), Corker (TN), Alexander (TN), Voinovich (OH) and Bond (MO)-- so they didn't need the right-wing Democrats. It passed 60-37 after Democrats beat back 5 obstructionist, time-wasting amendments by Kyl, Gregg, Coburn, Isakson and Vitter.
Obama thanked the Senate for their fast and positive action on the bill:
“I want to thank the United States Senate for acting in a bipartisan way to use Recovery Act funds to extend the ‘Cash for Clunkers’ program. Now, more American consumers will have the chance to purchase newer, more fuel efficient cars and the American economy will continue to get a much-needed boost. ‘Cash for Clunkers’ has been a proven success: the initial transactions are generating a more than 50% increase in fuel economy; they are generating $700 to $1000 in annual savings for consumers in reduced gas costs alone; and they are getting the oldest, dirtiest and most air polluting trucks and SUVs off the road for good. Businesses across the country – from small auto dealerships and suppliers to large auto manufacturers – are putting people back to work as a result of this program. I want to thank Leader Reid and the members of the Senate who moved quickly to extend a program that benefits our recovery and our auto industry while reducing our economy’s dependence on oil.”
This is one the Republicans dared not stop. And while Miss McConnell voted no, he first guaranteed Harry Reid that he'd let enough Republicans vote for it to more than make up for a handful of Democratic defections. This one was too popular with car dealers-- Republican car dealers-- and with the car buying public and with Republican legislators in car building districts, to obstruct with too much effect. Instead they have their minds set on a much grander goal: wrecking Obama's health care initiative, no matter what the cost. David Sirota summed up their appeal beautifully:
I know I should be mortified by the lobbyist-organized mobs of angry Brooks Brothers mannequins who are now making headlines by shutting down congressional town hall meetings. I know I should be despondent during this, the Khaki Pants Offensive in the Great American Health Care and Tax War. And yet, I'm euphorically repeating one word over and over again with a big grin on my face.
Finally.
Finally, there's no pretense. Finally, the Me-First, Screw-Everyone-Else Crowd's ugliest traits are there for all to behold.
The group's core gripe is summarized in a letter I received that denounces a proposed surtax on the wealthy and corporations to pay for universal health care.
...What They Will Scream: We can't raise business taxes, because American businesses already pay excessively high taxes!
What You Should Say: Here's the smallest violin in the world playing for the businesses. The Government Accountability Office reports that most U.S. corporations pay zero federal income tax. Additionally, as even the Bush Treasury Department admitted, America's effective corporate tax rate is the third lowest in the industrialized world.
What They Will Scream: But the rich still "pay close to 60 percent of this nation's taxes!"
What You Should Say: Such statistics refer only to the federal income tax. When considering all of "this nation's taxes" including payroll, state and local levies, the top 5 percent pay just 38.5 percent of the taxes.
What They Will Scream: But 38.5 percent is disproportionately high! See? You've proved that the rich "contribute more than their share" of taxes!
What You Should Say: Actually, they are paying almost exactly "their share." According to the data, the wealthiest 5 percent of America pays 38.5 percent of the total taxes precisely because they make just about that share-- a whopping 36.5 percent!-- of total national income. Asking these folks to pay slightly more in taxes-- and still less than they did during the go-go 1990s-- is hardly extreme.
Labels: cash for clunkers, economic stimulus package, obstructionist Republicans
8 Comments:
Oh I think Claire is Ok now. Changed my mind. At least she is twittering. Snowe and Collins will not communicate with their electorate. Why we want more cars on the road? There are FOIA's in on details of success of program. The govt doesn't seem open about these details.
How does trading in one car for another equal "more cars on the road," Lyle? And if I'm correct this program has run for only a few days and you're concerned that the FOIAs haven't been addressed yet?
I like this column a lot but the pic is mean spirited. Let's learn to be a tad more gracious to our opponents.
I would like to trade in one of my Senators for cash. He's a real clunker. Then I could use the money to BUY a new one like K Street does. I'm afraid, though, that I wouldn't get enough money for my current Senator. I may have to just have him towed off to the junkyard, or sold for parts. He has a good pair of lungs, always filled with plenty of hot air. The teeth are the best that money can buy. But, be forewarned: The brain is damaged, the stomach is weak, and their is no heart.
A couple of things:
Cash-for-clunkers is mainly a prize for the middle class. Nobody but those well up the ladder can afford a new cr these days, no matter the rebate.
It isn't getting 'clunkers' off the road. The cars traded in for more efficient, new cars are being resold to the poor. I heard an ad for a local dealership extoling the deals that used-car buyers could get on cars traded in as part of the program.
A much more sensible expedient would have been to give the money to the States to trade in their guzzler fleets. This would have helped the car companies more than if the cars were bought by the public.
As to mean-spiritedness? The Granny McConnell image does no damage to his true persona.
I don't know if anyone has thought rationally about this program, but basically it's a giveaway to banks and auto dealers.
Of COURSE it's popular. Giving money away is always popular. The main problem is that the great majority the money is going to financial institutions and the bonuses they pay their financial wizards.
One of the main reasons for the economy crashing was irrational use of debt.
This program is encouraging people, many of whom may not have the money, to go into serious debt. In the mean time, the financial service companies are rubbing their greedy little hands and laughing and the fools who have not thought this through.
Are we improving the environment? Most likely not. Since the energy it takes to build a new car is equal to about 7 years of driving a full sized hummer, more likely, we have increased carbon emissions in exchange for politicians getting their own wheels greased.
Had this bill be better written, requiring an increase of at least 10 mpg along with a minimum 20% down payment with a fixed loan on the new vehicle, it may be something other than a dog and pony show.
Unfortunately..it's smoke and mirrors and corporate giveaways paid for by the lower middle class.
Here is the point to Cash injected into the economy:
1) The recycled materials saves resources.
2) The money made from recycling goes back into the economy. Each vehicle has approximately $3500 in materials, or 1$ per pound that will be recycled.
3) This program proves that if the government had put money into the hands of CONSUMERS this economy would have been turned around MONTHS AGO!!!!!
4) Obama and friends need to wake up and fight for the people they claim to love so much and stop dilly-dallying with the moron coprorations that are stealing America blind
5) The Department of TYRANNY (Treasury) needs to stop running ads supporting " Your Credit or Your LIFE" ads that discriminate against anyone that has had a bad credit day.
If this administration and its Clintonian Elitist Corporation lovers don't get it together, Cash for Clunkers will just be an afterthought when the Republicans steal their thunder by running Mitt Romney in 2012 when he runs the " You've been stolen from" attack ads.
The Democrats are stupid and the Republicans are thieves.
Personally "Cash for Clunkers" is not a bad idea at all. I do have some questions though. First of all, the program is for, people who all ready own cars and can afford to purchase a new one. What about those of us who have to use public transportation? When I lost my job, I had to settle for the anything , just keep some kind of income coming in, and since my meager paycheck at the time could barely pay rent, electric, phone, and put some food on the table, I had to sell my car and use public transportation. Coming up with $2.00 everyday was still a bit difficult but was still cheaper than trying to put gas in my much loved 88 Camero. With so many people out of work, incentives for people that all ready own a car and can afford to purchase a new one, just seems more of "the rich get richer...etc.". What about throwing some of the cash for clunkers money to some of the programs that have had so many cutbacks, schools, women shelters, medi-cal, and so many others to numerous to mention. Why does it have to be $4,500? Cut that in half and allow other programs a chance for a much needed break. I understand that cash for clunkers will help our environment, and I get the whole 'go green' thing, believe me. I am a proud Native American and I have seen what has been going on with Mother Earth for many years and appreciate the effort, but when are we going to get our priorities straight?
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