'Cash for Clunkers' a Great Success! GM, Chrysler Primed for Profits, MI Congressman Says

I'll never buy GM or Chrysler ever again. This piece is pure crapola. Yea yea let's rape the taxpayer some more so we can make more sleazy sales and so workers can get paid $20 an hour to push red a blue buttons.

OH, GIVE US A BREAK!!! This is the biggest PUMP AND DUMP I have ever heard - come on guys. This is not our first rodeo...

This is a temporary fix, and those given jobs will lose them again. What a colossal waste of money! This is not a stimulus plan; this is a giveaway of tax dollars. How stupid do they (legislators) think we are? A stimulus plan should not be called such until one invests capital to improve processes or a creating a manufacturing base of which we have little.

OH, GIVE US A BREAK!!! This is the biggest PUMP AND DUMP I have ever heard - come on guys. Pontiac has stopped producing cars - who is this Hack!

I'll never buy GM or Chrysler again. Let's shove it up the taxpayers' behinds some more so dealers can do more sleazy sales.

OH, GIVE US A BREAK!!! This is the biggest PUMP AND DUMP I have ever heard - come on guys. Pontiac has stopped producing cars - who is this Hack!

All cash for clunkers did was manipulate the free market. The rest of the year and 2010 will be awful, because cars buyers are done buying. Now he wants another $3B for the auto industry? Taxpayers will never recover the $ spent. Same idea for the first time home buyers credit, when that ends, real estate heads back down again

We're moving cars all right. . .when a good portion of these folks don't pay on them (ever increasing unemployment) they will be moving right up on the repo-man's flatbed truck!

This is a temporary fix, and those given jobs will lose them again. What a colossal waste of money! This is not a stimulus plan; this is a giveaway of tax dollars. How stupid do they (legislators) think we are? A stimulus plan should not be called such until one invests capital to improve processes or creates a manufacturing base.....of which we have little.

Then why did GM just Bail out American Axle?

Then why did GM just Bail out American Axle?

Just Wait.....Another 6 Months.....WHEN THEY...."START"....The Repos....Of All the cars....That are NOT Getting Paid.......Then You WILL SEE.....The Real Truth...!!!!!!!!!!! A Total Disaster.

I don't know what business school this idiot went too,but these companies won't see a so called profit for along time. They are: 1. Operating on taxpayer monies. 2. Advertising with taxpayer monies. 3. Giving incentives with taxpayer monies. 4. Paying Union Wages and Corporate Salaries with taxpayer monies. 5. I would not and will not buy anything but a Ford for the rest of my life. 6. No more Goverment Motors (GM)! 7. He needs to quit drinking the Goverment sponsored Koolaid!

Maybe they should reduce the Expense of Executive Wages to Pay for R&D

Goverment once again caused another bubble. Chrysler wont make it. I have owned my last union car .... My new pontiac is a lemon

Ohh, what joy it is to spend other peoples money......Let's take a vote. Would taxpayers rather keep more of their own money and pay off their debts or invest were they see fit OR pay more taxes and let lawyers, guided by special interest groups, lobyists decide how to spend other peoples money.......Even better have a flat tax for all and a constitutional amendment that the Fed must maintain a balanced budget.....heavey sigh, what a dream.

What happens now that the clunker program is over? Sales will drop off, and consumers will sit on the side lines. Then we'll probably have some politicians pushing for 'cash for clunkers III' . Do we remember at the end of the Bush term, many dems were saying that to allow GM or Chrysler to go bankrupt, it would be catastrophic. Then, lo and behold, a few months later, they all pushed for it, which allowed Obama and dems give the union a bigger piece of the recast companies vs. what would have typically happened in a bankruptcy setting. my next new car will not be a GM or Chrysler.

The CARS (Cash for Clunkers) will prove to be another failed stimulus program someday. They used our tax money which we haven't yet been billed to give some people up to $4500- to buy a new car. Put the dealers used this to capture more profit by not discounting the cars sold so the purchaser in most cases paid more for the car than without the program. Lack of discount plus the trade in value of the Clunker probably cost the consumer more. VOTE OUT the INCUMBENTS in 2010.

Chrysler and GM are dead meat.

How do you call a program where you spent 3 billion to save 350 million (based on $75 per barrel of oil) a success? In the process you destroyed some 700,000 engines and transmissions plus a lot of good parts. No doubt a percentage of people will default on their new car loan because they really could not afford it but just could not pass up on the deal.