Cash 4 clunkers

DeeVeeEight

DeeVeeEight

Fast Pedalphile
Joined
Nov 3, 2008
Messages
2,291
Location
Southern New Jersey, USA
I was watching the news today about he cash for clunkers thing and it got me thinking (I know it is rare when that happens).
Our .gov is kicking in up to $4500.00 for a car that has to have it's engine destroyed, then the car is junked, crushed and chopped for scrap.

WHERE DOES THE SCRAP GO???????

Are we subsidizing Japan's economy or some other foreign country with this sudden glut of scrap metal? All they are going to do is make it into new cars and other consumer goods and sell it back to us at a nice profit. Where's the logic?
 
DeeVeeEight said:
I was watching the news today about he cash for clunkers thing and it got me thinking (I know it is rare when that happens).
Our .gov is kicking in up to $4500.00 for a car that has to have it's engine destroyed, then the car is junked, crushed and chopped for scrap.

WHERE DOES THE SCRAP GO???????

Are we subsidizing Japan's economy or some other foreign country with this sudden glut of scrap metal? All they are going to do is make it into new cars and other consumer goods and sell it back to us at a nice profit. Where's the logic?
Click to expand...

Not sure but I'm thinking of turning myself in for the cash!
 
Well, I think it's a cheaper/better use of the money than just giving it to the "Small 3":sweat:
 
I do not disagree that it is better/cheaper..... It has given car sales here a much needed kick in the ass and gotten them moving again.... It has provided junk yards with more cars than they can handle, though it has denied them a tidy profit from selling the engine to the rebuilders.... It is providing the scrap yards with tons of scrap..... now where does it go? Can it be kept in our economy, within our shores, or is it going to be exported? Where is the final product going?
 
Where does all the scrap metal go......

The port of LA is one of the US's biggest, busiest ports. A recent newspaper story about the port highlighted problems due to the economic downturn. Hundreds (thousands?) of nearby acres were full of new Japanese, Korean, European cars. All delivered but no where to go because they couldn't be sold. Also, stockpiled....junk. The shocking visualization here is that when the economy was good, there was a tremendous inflow of manufactured goods from overseas, high ticket items like cars, but also appliances, and all the othe stuff that ends of filling the Walmarts and Costcos. What was the major export of the US? Scrap metal, scrap paper, etc. You don't have to be an economic genious to realize it's a sick society that relies on this one-sided economic model. (The problem with export junk was that when ships stopped bringing in imports, there weren't any ships to carry the junk away.)

A recent economic story was that because of the tremendous US debt, the Chinese were becoming reluctant to use their excess trade dollars to buy US debt (Treasuries). They are now becoming interested in using their excess dollars to buy and stockpile durable commodities; iron ore, precious industrial metals, and...scrap metal.

About the Chinese interest in iron ore. Last week they got pissed at Rio Tinto, a big Australian irion ore producer. They thought the Australians were charging them too much. They arrested some Chinese citizens who were Rio Tinto employees and threw them in jail. I'm not sure if they've been heard from since.
 
vette said:
DeeVeeEight said:
I was watching the news today about he cash for clunkers thing and it got me thinking (I know it is rare when that happens).
Our .gov is kicking in up to $4500.00 for a car that has to have it's engine destroyed, then the car is junked, crushed and chopped for scrap.

WHERE DOES THE SCRAP GO???????

Are we subsidizing Japan's economy or some other foreign country with this sudden glut of scrap metal? All they are going to do is make it into new cars and other consumer goods and sell it back to us at a nice profit. Where's the logic?
Click to expand...

Not sure but I'm thinking of turning myself in for the cash!
Click to expand...

You burning too much oil, you are ineligible ....besides they pay by mass on the ass......:hissyfit:
 
68/70Vette said:
Where does all the scrap metal go......

The port of LA is one of the US's biggest, busiest ports. A recent newspaper story about the port highlighted problems due to the economic downturn. Hundreds (thousands?) of nearby acres were full of new Japanese, Korean, European cars. All delivered but no where to go because they couldn't be sold. Also, stockpiled....junk. The shocking visualization here is that when the economy was good, there was a tremendous inflow of manufactured goods from overseas, high ticket items like cars, but also appliances, and all the othe stuff that ends of filling the Walmarts and Costcos. What was the major export of the US? Scrap metal, scrap paper, etc. You don't have to be an economic genious to realize it's a sick society that relies on this one-sided economic model. (The problem with export junk was that when ships stopped bringing in imports, there weren't any ships to carry the junk away.)

A recent economic story was that because of the tremendous US debt, the Chinese were becoming reluctant to use their excess trade dollars to buy US debt (Treasuries). They are now becoming interested in using their excess dollars to buy and stockpile durable commodities; iron ore, precious industrial metals, and...scrap metal.

About the Chinese interest in iron ore. Last week they got pissed at Rio Tinto, a big Australian irion ore producer. They thought the Australians were charging them too much. They arrested some Chinese citizens who were Rio Tinto employees and threw them in jail. I'm not sure if they've been heard from since.
Click to expand...



the first sounds like USA during WW2 when Roosevelt took over the rails, needed to get them empty boxcars back to the factories....return run light...like a bomber....

the second sounds like Japan in the 30's.....

the last, is typical of a socialist/commie/fascist society....too much with the .gov and the people get pissed on, every damn time....
 
Also, about the $4500 for "clunkers." The government is spending billions on this program. Apparently the main cost of the program is overhead. It'll be interesting to see, when all is said and done, what the actual cost to the government was for ever car turned in. The government ran out of money for the intended phase of the program, and is now re-financing it to continue it in operation. I read one website that claimed that the cost to the government (i.e. taxpayers) was closer to $45,000 per car!!! DAMN Maybe what I read wasn't accurate but I think the message here is to expect that the clunker program will be disproportionally expensive to what the public would suspect. This is a re-occuring theme for the Obama's admin's stimulus program.

Also, the program was intended of course to stimulate the economy. The vast number of new cars sold have foreign car logos. Don't know if they're made in the US/Canada. (A Ford brand is #2 in sales, but all the others are Toyotas, Hondas, Nissans) etc.
................
About the Chinese going after Rio Tinto, the Australian ore company. A vast area of northwestern Autralia has some mountain ranges that contain some of the richest concentrations of iron ore on the earth. And in a similar vein, in Roxby Downs, South Australia, it's estimated that 25% of the worlds uranium deposits are there (maybe I'm a little off statistically but its a lot). These are some important reasons that Australia is a relatively wealthy country. ... don't live off the sheep's back anymore.
 
Being as you over there, just what do YOU see that WE Yanks make that you all buy?? sure our corporate logos are there, sun never sets on a American company....but those products are MADE there for the most part NO??

my comment is based on there seemed to be a HUGE stack of rusting Conex boxes at every seaport.....stacked up and no where to go, I dunno if they being shipped back empty these days or what, there was talk of making housing in the deserts with them, and in fact some folks manage to DO that...

I"m just wonder what in hell we actually MAKE in this country any more...

Curious what you see from your perspective on this trade shit topic.....

:eek:
 
Had an Australian stay at my motel last nite. He was speaking of the Rio Tinto thing. Apparantly the government had agreed to sell the majority to the chinese. The population of Australia rose up and said no so the Government did back down. The chinese retaliated by arresting some Rio Tinto employees and charging them with spying. So I was told - sounds about right.
 
mrvette said:
Being as you over there, just what do YOU see that WE Yanks make that you all buy?? sure our corporate logos are there, sun never sets on a American company....but those products are MADE there for the most part NO??

my comment is based on there seemed to be a HUGE stack of rusting Conex boxes at every seaport.....stacked up and no where to go, I dunno if they being shipped back empty these days or what, there was talk of making housing in the deserts with them, and in fact some folks manage to DO that...

I"m just wonder what in hell we actually MAKE in this country any more...

Curious what you see from your perspective on this trade shit topic.....

:eek:
Click to expand...

We make welfare recipients and people like Bernie Madoff.... We make a growing national debt and a growing tax burden on the public.....
 
I think that the $4500 will be taxed as income. And most of the cars turned in are driven by persons that drive them because they can't afford a down payment for a new car.... Thats what started this housing problem lets just go ahead and finance every body that can't afford it. ???????????

think think think

What do you think?
 
BBShark said:
This is just sad:

http://www.youtube.com/watch?v=qTYL-h5_hb4
Click to expand...

Since the resale value of that car would be over $4,500, I can only imagine a "vindictive bitch" won that in a divorce settlement, and wanted him to know it was destroyed.
I don't think a guy could bring himself to do that, but, there IS no shortage of stupid, as we all know.
 
Some of the cars that have been turned in are easily worth more than $4500. Your right some people are just stupid.

I saw a guy that was parting a Jag to to turn in. He was selling all parts except for those that would prevent him from driving it onto the dealers lot. Pretty enterprising.
 
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